All News articles – Page 1272
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News
LVMH’s Selective Retailing division reports organic sales growth
Luxury group LVMH’s Selective Retailing division reported organic sales growth over the first half-year of 16% to E3.6bn (£2.81bn), while profit soared by 30% to E373m (£191.1m). The retailer said it benefited from sustained growth in Asia and North America.The group will open three concessions at Hong Kong airport by ...
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News
Coles releases full-year results
Coles released its full-year results for the 12 months ended June 30. Headline food and liquor sales of Aus$26.2bn (£17.51bn) were 4.6% above 2011, while like-for-like sales increased 3.7%.That was a better performance than rival Woolworths, which posted a full-year Australian food and liquor sales increase of 3.8%.
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News
H&M to close flagship Hong Kong store
Swedish fashion retailer H&M plans to close its flagship store in Hong Kong, according to the The Wall Street Journal.The 30,000 sq ft shop will shut in autumn 2013 and be replaced by one operated by rival clothing retailer Zara.H&M spokeswoman Cher Chui said the retailer had been unable to ...
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NewsNo Olympics boost for Primark
Most retailers are hoping that the Olympics will give them a healthy sales boost, but it doesn’t appear to be the case for value fashion retailer Primark.
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NewsJulian Graves begins round of store closures
The administration of dried fruit and nuts specialist Julian Graves has begun closing stores but is still seeking a buyer for the retailer, which hit the buffers last month.
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NewsGrocers accept 'ugly' fruit and veg as British growers struggle
Grocers including Waitrose and Morrisons are to sell “ugly” fruit and vegetables in store as British growers suffer a torrid summer.
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NewsEtailers experience sales surge as shoppers avoid London's high streets
Online retailers have reported a surge in sales as consumers avoid trekking to London’s West End during the Olympics.
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News
Nisa report record sales as profits rise
Symbol group Nisa has reported a 4.2% rise in sales in the last year as the convenience market continues to boom.
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NewsTesco superstores boss Hoggett to head Extra division
The managing director of Tesco’s superstores Tony Hoggett is to move to head Tesco Extra.
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NewsWest End shoppers tempted back to 'ghost town' via social media
The New West End Company, Transport for London and London & Partners are set to turn to social media to lure visitors to the West End after retailers reported low footfall due to the Olympics.
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NewsRobert Dyas returns to sales growth
Homewares and hardware chain Robert Dyas, acquired by retail entrepreneur Theo Paphitis last month, has revealed a rise in sales but a fall in profits in its full year.
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NewsTopshop to step up global expansion with South Africa launch
Topshop is taking its next step towards global domination by launching in South Africa.
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NewsBike specialist Hein Gericke crashes into administration
The British division of German motorbike specialist Hein Gericke has fallen into administration.
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NewsTesco outlook downgraded by ratings agency
Standard & Poor’s has downgraded Tesco’s outlook to negative as it warns that profits may continue to weaken.
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NewsHolland & Barrett chief urges supermarkets to ban plastic bags
Holland & Barrett’s boss has called on supermarkets to follow its lead and ban plastic bags following data showing grocers’ plastic bags usage was on the rise.
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NewsFlying Brands closes plant growing business as it "considers strategic options"
Flying Brands closed its growing and live despatch business yesterday following the sales of its Gardening Direct retail arm last month.
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NewsFood inflation hits two-year low in July
Food inflation hit a two-year low in July, dropping to 3.1% from 3.5% in June.
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NewsNext raises profit target after strong online growth
Next has raised its profits forecast for its second half after strong growth in its Directory business in the first half.
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NewsMaplin to offer free wi-fi in stores as multichannel review kicks off
Maplin has revealed it is to offer free wi-fi in store as the retailer reviews its multichannel business.
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News
Fnac reports sales decrease
Fnac, PPR’s books, music and electronics business, reported sales were down 1.1% for the first six months of this year to E1.77bn (£1.38bn). Like-for-like sales fell 1% and the retailer recorded an operating loss of E7.5m (£5.8m) compared with an operating profit of E6.7m (£5.2m) for the same period last ...