All News articles – Page 1262
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News
Amazon launches Indian Kindle Store
Amazon has launched an Indian Kindle Store on Amazon.com. The India Kindle Store offers more than 1 million books, now priced in Indian rupees, including 70 of 100 Nielsen Bestsellers. Customers can now purchase the Kindle ereader at Croma stores across India.Amazon vice-president of Kindle Content Russ Grandinetti said: “We ...
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News
Hollister to open first Australian store in 2013
Abercrombie & Fitch-owned US fashion brand Hollister will open its first Australian store next year. It comes as several international clothing retailers plan to enter the market, including Uniqlo, H&M, J Crew, Banana Republic and Forever 21.The Hollister brand will launch in a mall to test the market before an ...
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NewsSainsbury's ditches wi-fi trial in store
Sainsbury’s has scrapped a trial of wi-fi in store which it introduced earlier this year.
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NewsJulian Graves bidders put off by 'lack of standalone management'
Defunct dried fruit and nut specialist Julian Graves failed to attract bidders in the administration process because of its “lack of stand-alone management”, according to the administrator’s report
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NewsAmazon launches local daily deals site in the UK
Amazon has launched an Amazon Local daily deals website in the UK, pitting it head-to-head with established players such as Groupon.
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NewsJJB Sports shareholder Harris slashes its stake
One of JJB Sports’ major shareholders Harris Associates has disposed of a fifth of its holdings in the past month as time runs out for the retailer.
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NewsConsumers want to bank with retailers, says poll
Consumers would rather bank with retailers such as John Lewis or Asda rather than the standard banking giants, according to a report by Uswitch.com.
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NewsMorrisons calls for traffic light consistency as King demands change
Pressure is mounting on Morrisons to alter its food labelling to adopt the traffic light system but the grocer has called for greater consistency across its rivals first.
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News
Grocer Delhaize posts sales growth
Grocer Delhaize posted sales of e11.17bn (£8.84bn) for the first half of 2012, representing growth of 10.1% compared with the same period the previous year. Operating profit was e207m (£163.8m), down 51.5%.In the US, revenues fell 2.2% to $9.35bn ($5.91bn). Excluding the 126 stores closed in February, sales increased 0.5%.In ...
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News
Zara to launch Chinese online store
Inditex-owned clothing retailer Zara will strengthen its presence in the Asian market with the launch of its online store in China on September 5.The Spanish group’s objective is to consolidate its foothold in China, a market that is already the most important for the retailer outside Europe.
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NewsH&M erects David Beckham statue
If there is one thing guaranteed to get the ladies into a shop it’s probably a 10ft statue of David Beckham in his undies, so well done H&M for giving women shoppers just that.
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Rossmann to introduce Rossmann Express banner
Watson-affiliated drugstore group Rossmann is introducing the Rossmann Express banner to the 20 railway station stores it recently bought from insolvent competitor Schlecker’s Ihr Platz in Germany.The concept will follow the former Ihr Platz Express model, comprising a range of ambient, chilled and frozen foods in addition to the drugstore ...
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News
Grocery retailer Ahold reports sales increase
Dutch grocery retailer Ahold’s sales increased 8% to e17.4bn (£13.76bn) in the first half of 2012.At constant exchange rates, that was a rise of 2.8% compared with the same period last year. Operating income was e724m (£572.8m), up 3.2%.Chief executive Dick Boer said: “We expect market conditions to remain difficult.”
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NewsJohn Lewis to sell Barnes & Noble e-reader the Nook
John Lewis will become the first UK retailer to sell US bookseller Barnes & Noble’s e-reader the Nook.
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NewsCity positive over potential CVC bid for M&S
Shore Capital analyst Clive Black has welcomed speculation in the media and the City that private equity firm CVC could bid for Marks & Spencer.
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NewsSmall shops call for 'supermarket tax' to revive high street
Small shops have called on government to implement a ‘supermarket tax’ to levy large grocers and out-of-town shopping centres to buoy the high street.
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NewsRetailers set sights overseas for sales boost
Two thirds of British retailers expect their overseas sales to increase over the next five years and name Germany as the market most likely to provide growth.
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NewsPeacocks former banks to receive £69m payout following collapse
Peacocks former backers including Barclays and Royal Bank of Scotland are to share a £69m return following the retailer’s collapse, despite a £15.8m shortfall in the chain’s pension fund.
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NewsIn pictures: Debenhams launches new ad campaign as it makes Russian debut
Department store chain Debenhams is to launch its next instalment of its ‘Life Made Fabulous’ TV campaign as it opens its first Russian store.
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NewsJJB must submit survival plan within two weeks
JJB Sports’ management team has less than two weeks to finalise a restructuring plan.