All News articles – Page 1255
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NewsJohn Lewis Partnership profits climb 60% in first half
Profits at the John Lewis Partnership soared almost 60% as buoyant trading and the growth of online shopping drove sales at both John Lewis and Waitrose.
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NewsTablets and e-readers drive Argos like-for-likes up 1.4%
Like-for-likes at catalogue retailer Argos rose 1.4% in the 13 weeks to September 1 and parent Home Retail expects group full-year profits to be in line with expectations.
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NewsNext reports rise in profits despite like-for-like decline
Next recorded an increase in sales and profits despite a fall in like-for-like sales in the first half.
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NewsSainsbury’s plays host to Paralympic winner
This year’s summer of sport may not have had the hoped-for effect of boosting retail sales overall.
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NewsJJB quarter-day rent fears quashed
Suggestions that JJB adviser KPMG is in a race against time to complete a sale of the troubled retailer before rent quarter day have been dismissed.
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Gap plans to enter Indian market
Gap is conducting market research as part of a plan to open a retail business in India.Details such as how many stores will open and how much Gap may invest are likely to be decided early next year.Gap spokeswoman Edie Kissko said: “India is one of the markets that we ...
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Migros to open New Delhi office
Migros is to open an office in New Delhi to source Indian goods without intermediaries.The initiative is in line with Migros founder Gottlieb Duttweiler’s belief in cutting out intermediaries in favour of lower selling prices.Migros has had its own procurement offices in Hong Kong and Shanghai since 1995, as well ...
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Aldi Süd plans store network increase
Aldi Süd wants to devote more investment to the state of Victoria as it ramps up its store network.Managing director for Australia Tom Daunt has called on state governments to follow Victoria’s lead by streamlining planning laws, enabling Aldi and other retailers to gain a bigger footprint and take on ...
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NewsWestfield Stratford City attracts 50 million shoppers over first year
Westfield Stratford City has broken shopper footfall records attracting 47 million visitors since it opened last year and recorded an 8.5 million boost in visitors during the Olympics and Paralympics.
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NewsEBay opens first designer pop up store online
Ebay has teamed up with designer Henry Holland to open its first ever designer pop-up store which launched today in time for London Fashion Week.
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NewsBhs launches major advertising campaign
Department store business Bhs is launching a TV and press marketing campaign designed to “signal the real change” happening at the business.
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NewsB&Q reviews store portfolio for the "omnichannel world"
B&Q is reassessing its 360-strong store portfolio to determine what size estate it needs in an “omichannel world”.
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Victoria’s Secret to launch in Malaysia
Limited Brands has further extended its reach into Malaysia with the launch of its Victoria’s Secret banner in the country.The store is located at Pavilion in Kuala Lumpur.The franchise is being managed by the Valiram Group, a leading luxury goods and specialist retail franchise group.Limited Brands’ La Senza chain already ...
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NewsAnthony Hemmerdinger rejoins Sainsbury's as business development director
Former Carphone Warehouse director Anthony Hemmerdinger has rejoined Sainsbury’s as business development director.
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Simply Market to open Milan flagship
Auchan’s supermarket banner Simply Market has announced the opening of a 27,000 sq ft flagship in Milan. The store has an improved fresh produce section and a snacking area for shoppers to rest and access Wi-Fi.The outlet has an interactive terminal called ScontoSì which provides last-minute discounts for Nectar loyalty ...
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Media-Saturn plans private labels extension
Media-Saturn plans to extend its private labels Isy, Peaq, Koenic and Ok. The Isy line will be supplemented by products such as headphones, smartphone bags and cartridges, while the Peaq range will incorporate televisions and sound systems. Koenic and Ok will feature additional large and small household appliances.In 2010, Media-Saturn ...
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PPR close to US Redcats sale
PPR is close to selling its profitable US Redcats division and offloading its plus-sized and sportsman’s units, the New York Post reported. Sources said OneStopPlus has been put up for sale and is expected to fetch $400m to $500m (£250m to £313m).Private equity firms including TPG, Leonard Green, Berkshire Partners ...
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NewsProfits leap at Laura Ashley
Fashion and homewares retailer Laura Ashley has reported first-half profits up 13.7% to £8.3m driven by its multi-channel strategy and a differentiated product range.
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NewsKingfisher profits fall as wet weather hits performance
DIY giant Kingfisher, owner of B&Q, posted adjusted pre-tax profits down 15.5% to £371m in the first half. The plunge was blamed on the wettest summer on record, foreign exchange movments and the cost of accelerating the roll-out of new common brands in the UK.
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NewsThorntons optimistic despite sales and profits fall
Chocolatier Thorntons has reported a fall in sales and profits as weak consumer spending hit the business, but chief executive Jonathan Hart expressed “cautious optimism” about the future.