All News articles – Page 1273
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News
Drugstore group Schlecker begins clearance Sales
Insolvent drugstore group Schlecker has begun clearance Sales in the remaining 358 Schlecker XL and 367 Ihr Platz shops. Products have been discounted by between 30% and 50%, according to administrator Werner Schneider.The Schlecker XL shops will be closed in August. Schneider is still searching for buyers of the remaining ...
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News
Hudson’s Bay plans store closures for Zellers
Hudson’s Bay plans to close most of its 64 remaining Zellers stores, according to local press. They are locations that are not being converted to Target shops. The closures will be completed by March 2013.A spokeswoman said: “After a lengthy review and numerous discussions with various parties, it became apparent ...
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Media-Saturn acquires electronics etailer 003.ru
Germany-based Media-Saturn, part of the Metro Group, has acquired Russian electronics etailer 003.ru from founder Vladislav Oulendeev, subject to approval by anti-trust authorities.Media-Saturn chief executive Horst Norberg said: “Our objective is to position our new subsidiary in Russia as an inexpensive online retailer, similar to Redcoon in Western Europe.”
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NewsThe Co-op in 'good shape' for further acquisitions
The Co-operative Food could invest a chunk of finance into acquiring a smaller operator after its owners secured just under £1bn this week.
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NewsJohn Lewis director Andrea O'Donnell departs
John Lewis commercial director Andrea O’Donnell is to depart the retailer to join Hong Kong department store Lane Crawford.
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NewsVideo: Argos on the top Christmas toys for 2012
Argos has posted a video online about this year’s likely top Christmas toys.
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NewsAldi to recruit 3,000 new staff
Aldi is to create 3,000 new jobs in the UK in the next year as its expands its store portfolio.
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NewsTheo Paphitis strengthens senior management team
Theo Paphitis has strengthened his senior management team across his Ryman, Boux Avenue and newly acquired Robert Dyas brands.
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NewsHugo Boss second quarter profits jump
Premium business Hugo Boss Group is on track to meet its 10% growth target, reporting double digit increases during the second quarter of 2012.
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NewsGames Workshop reports hike in profits
Fantasy board game specialist Games Workshop has bucked the economic gloom to report a rise in pre-tax profit from £15.3m to £19.5m for the 53 weeks to June 3.
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News
Retail Trust appeals for young people to run pop-ups
A new charity partnership is recruiting young people who want to enter the retail industry to run pop-up shops.
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NewsTFL urged to encourage visitors to London's West End as Olympics hits footfall
Transport for London has been urged to change its message and encourage visitors to London’s West End after shoppers stayed away at the weekend because of the Olympics.
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NewsHarrods owners pay themselves £100m dividend
Harrods’ Qatari owners paid themselves a £100.5m dividend after the retailer posted record profits in its last financial year.
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NewsFifty Shades effect sends Ann Summers sales rocketing 78%
Sales at Ann Summers have soared 78% year-on-year helped by the phenomenal success of erotic novel Fifty Shades of Grey.
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NewsConsumer confidence remains poor, reports GfK
Consumer confidence remained low in July according to monitor GfK.
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NewsSelfridges hires two new directors
Premium department store Selfridges has appointed Brian Hannon as director of food and restaurants and also promoted Mark Raban to finance director for Selfridges and sister company Brown Thomas.
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NewsEthel Austin rescued by clothing entrepreneur
Ethel Austin has been bought out of administration by Liric, a firm controlled by clothing entrepreneur Mike Basso.
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NewsRetailers slash prices of Olympic souvenirs by up to 80%
Retailers are being forced to reduce the prices of Olympic Games souvenirs by up to 80% following poor demand from shoppers.
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NewsOlympic ceremony boosts HMV music sales
HMV has reported that sales of CDs and downloads by artists featured in the Olympic ceremony rocketed over the weekend.
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NewsRetail sales growth eases off in July
Retail sales growth slowed in July to a greater extent than had been expected.