All News articles – Page 1269
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News
Richard Schulze in bid to purchase Best Buy
Best Buy founder Richard Schulze is vying to buy the electronics giant in a $9bn (£5.8bn) deal.Schulze, who was ousted as chairman in June, already owns 20% of the retailer and is looking to team up with private equity firms to buy the remainder.Schulze’s financial adviser Credit Suisse said it ...
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Lowe’s aims to acquire Canadian competitor
Home improvement retailer Lowe’s aims to acquire Canadian competitor Rona for C$1.8bn (£1.15bn).Rona has already publicly rejected the offer stating that “it is not in the best interest of the company and its stakeholders” and that it would prefer to remain focused on executing its business plan.Rona is implementing its ...
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NewsOlympics drives rise in shopper demand
More than half of London retailers – 59% – have reported increased shopper demand as a result of the Olympics.
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NewsWi-Fi on London Underground a boost for online retailers
A roll-out of Wi-Fi on the London Underground could provide a fillip for online retailers, Ocado chief executive Tim Steiner believes.
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NewsAnalysis: Majestic Wine prospers in the economic downturn
The specialist wine retailer Majestic Wine is thriving despite the depressed economy.
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NewsStefano Pessina praises UK's culture of innovation at Government retail summit
Alliance Boots executive chairman Stefano Pessina praised the UK retail sector’s unique openness to innovation in a presentation at the Government’s Business Summit for Retail, Food and Drink at Lancaster House today.
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NewsBoots to open 100 more Thailand stores
Boots will more than double its store estate in Thailand over the next three years, totalling more than 300 shops.
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NewsFrench Connection warns first-half profits to drop by £7m
French Connection warned first-half operating profits would be £7m lower than last year as it resorted to additional discounting
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NewsHMV reports full-year £16.2m pre-tax loss
HMV made a £16.2m pre-tax loss in its year to April 28 but is confident it will achieve at least £10m profit in its current year.
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Discount retailer Dia reports gross sales growth
Discount retailer Dia’s gross sales rose 6.9% in the first half of 2012, to E5.75 billion (£4.57bn).The retailer’s adjusted EBITDA reached E261m (£207.6m), up 5.2% on the same period last year. The performance was driven by the operations in Iberia as well as in Argentina and Brazil.Despite a challenging economic ...
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News
Central Retail plans first Central Department Store
Central Retail plans to open its first Central Department Store in Jakarta in 2014, taking advantage of the country’s growing retail market.It will have four floors, totalling 230,000 sq ft, and be in the Grand Indonesia shopping centre in central Jakarta.The retailer plans to open five more department stores in ...
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NewsChanges likely at Co-op as Peter Marks bids farewell
The Co-operative Group’s new boss must revamp the retailer’s supermarket format and marketing if it is to win back share, believe industry observers.
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NewsLord Kirkham backs a winner at the Olympics
Eagle-eyed Olympics watchers may have spotted two famous retail lords leaping on the sidelines at Greenwich Park when Team GB picked up a gold in the show jumping.
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NewsRetailers rise from the ashes of last year’s riots
One year on from the riots retailers remain engaged with local communities.
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NewsGeorge at Asda opens first Guernsey store
George at Asda opened its first store on Guernsey on Tuesday to throngs of shoppers keen to visit the value fashion retailer.
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El Corte Inglés to join buying group AMS Sourcing
El Corte Inglés will join buying group AMS Sourcing from next January.Its inclusion will give AMS 14 retail members including Ahold, Delhaize Group, Esselunga, Jerónimo Martins and Morrisons in 28 European countries and with combined annual retail sales of approximately E130bn (£103.39bn).AMS managing director Bert Swartsenburg said: “We are more ...
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NewsMaplin managing director Dave Whittle exits
Maplin managing director Dave Whittle has exited the retailer after 15 years at the chain.
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NewsTriathlon drives shoppers to West End
Footfall across west London surged yesterday as spectators flocked to the area to watch the triathlon, according to data from Experian.
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NewsHMV's Hammersmith Apollo deal signed off
The £32m sale of HMV’s venue the Hammersmith Apollo has been officially approved.
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News
Aldi Süd’s Hofer cuts Coca-Cola prices
Discount retailer Aldi Süd’s Hofer has cut retail prices for Coca-Cola products by a third, just weeks after introducing the brand.The change is believed to be a reaction to market leader Rewe Group’s Billa supermarket division. Billa recently launched its latest ‘best price guarantee’, promising loyalty card holders it would ...