All News articles – Page 1267
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News
Net sales increase for Pantaloon Retail
Future Group-owned Pantaloon Retail’s full-year net sales for the core retail business rose by 7% to INR117.9bn (£1.36bn), compared with INR110.1bn (£1.27bn) last year. Net profit grew to INR2.85bn (£33m) compared with INR766.7m (£8.81m).The retailer added 2.37 million sq ft in the year, taking its total retail space to 16.71 ...
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News
Woolworths launches drive-through supermarket
Australian retailer Woolworths has launched the nation’s first drive-through supermarket. Customers are able to collect an order placed online without having to leave their car. The free service is being offered at the Warringah Mall in Sydney.
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NewsJohn Lewis unveils pop-up shop details
Department store group John Lewis has revealed details of its first pop-up shop that will open next month in Exeter and act as a click-and-collect “hub”.
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NewsRioters prefer digital goods from Currys
Rioters were spoilt for choice last year when they ransacked shops across London, according to Dixons chief executive Seb James.
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Migros tests convenience store concept, Migros-Express
Swiss retailer Migros is testing a convenience store concept called Migros-Express. The stores are located near railway stations and will be open all week, including Sundays.The product range is targeted at the commuter market. After the first openings in Rapperswil and Luzern, Migros opened a third store in Zürich-Altstetten with ...
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NewsJaeger sales rise after new owner Better Capital invests
Jaeger’s new owner Better Capital said the premium retailer is showing “promising” early signs after the investment vehicle ploughed £20.5m into its turnaround.
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NewsWilko saves on visual merchandising costs
Value retailer Wilko has cut the cost of fitting out its new Crawley store, which opened this week.
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NewsWiggle reports "best ever" week driven by Olympics
Summer sales at Wiggle hit a record high last week pedalled by the Olympics and success of Tour de France winner Bradley Wiggins.
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NewsLovehoney eyes international growth as it plans Coco De Mer store expansion
Erotic etailer Lovehoney is looking overseas for growth as it eyes opening Coco De Mer stores worldwide.
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Esprit appoints new chief executive officer
Listed clothing retailer Esprit has appointed Jose Manuel Martínez Gutiérrez as its new chief executive officer.The appointment, effective from the end of September, comes after the resignations in June of Esprit’s chief executive Ronald van der Vis and chairman Hans-Joachim Körber.Martínez was most recently group director of distribution and operations ...
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News
H&M to open first Malaysian store
Swedish fashion retailer H&M will open its first Malaysian store in Kuala Lumpur on 20 September.The new 36,000 sq ft store will offer the latest collections for women, men and children. A second store is due to open in the city’s new Setia City Mall later this year.
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Ikea plans move into hotels and student accommodation
Ikea plans to construct budget hotels and student accommodation in university cities across western Europe.LandProp Holding, the Ikea real estate development arm behind the London Strand East project, will develop accommodation under the brand Ulito.Harald Müller, managing director of LandProp and business development manager of Inter Ikea, said the developments ...
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News
Sales fall at department store group JCPenney
Department store group JCPenney’s sales fell 22.6% to $3.02bn (£1.92bn) for the second quarter ended July 28. Like-for-like sales were down 21.7%. Online sales were $220m (£140m) in the period, a fall of 32.6%. The retailer said the results included the effects of its exit from its outlet business and ...
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NewsWilkinson profits plummet 62.6%
Wilkinson’s pretax profit has plunged 62.6% to £22.74m in the year to January 27 due to the “tough trading environment” and £44m investment in stores and systems across the period.
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NewsJJB shareholder Dick's writes off investment
JJB Sports shareholder Dick’s Sporting Goods has written off the value of its investment in the retailer just five months after injecting £20m into the struggling chain.
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NewsOcado insists it will not breach banking covenants
Ocado has defended itself against speculation it could breach its banking covenants and has emphasised it is able to fund its second distribution centre.
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NewsCarphone Warehouse launches mobile payments app
Carphone Warehouse has introduced a new mobile payments app powered by Simply Tap.
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NewsStratford Centre reports golden footfall levels during Olympics
The Stratford Centre, the secondary location shopping centre adjacent to Westfield Stratford City, welcomed a record 1.5 million people over the Olympic period – a 28.6% surge year-on-year.
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NewsVideo: David Beckham to star in new Sainsbury's Paralympic advert
Sainsbury’s will debut a new TV advert featuring footballer David Beckham in celebration of the London 2012 Paralympic Games tomorrow.
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NewsWhite Stuff pre-tax profit plunges 81%
Fashion retailer White Stuff reported an 81% plunge in pre-tax profit to £2.8m for the year to April 28 calling its financial year the “most difficult” the company has faced in its history.