All News articles – Page 1279
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News
Fast Retailing to open 1,000 new stores in Greater China
Uniqlo owner Fast Retailing plans to open 1,000 new stores in Greater China. It currently operates 136 stores in the country.The company also plans to open more than 1,000 stores in Asia, excluding Japan and China.Company president Tadashi Yanai said: “Japan has only 100 million people. Asia has 4 billion. ...
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Grocery giant Leclerc posts first half-year sales
Grocery giant Leclerc reported first half-year sales in its domestic market up 8.3% to j15.21bn (£11.93bn), excluding fuel.Total sales for the first half increased by 8.1% to j20.47bn (£16.06bn), including fuel. Company president Michel-Édouard Leclerc said the results showed a consolidation of its “low-price positioning, which is not only a ...
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Tengelmann cautiously optimistic about future
Retail conglomerate Tengelmann has posted results for its financial year ending December 31, 2011.The retailer said it was cautiously optimistic about the future amid an uncertain economic environment as the euro crisis continues. Group turnover – including ecommerce operations but excluding the US business disposed of in March – increased ...
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SuperValu reports net sales decline
SuperValu has reported net sales of $10.6bn (£6.82bn) for its first quarter, compared with $11.1bn (£7.14bn) the previous year. The retailer’s net earnings declined 45% to $41m (£26.39m).SuperValu put the fall in earnings down to the disposal of a majority of fuel stations, a decline in like-for-like sales and market ...
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NewsMarks & Spencer first bank to offer fee-only service
Marks & Spencer will become the UK’s first bank to offer fee-only current accounts when it launches tomorrow.
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NewsJD Sports owned Bank opens first Irish store
JD Sports owned fashion chain Bank is to open its first standalone store in the Republic of Ireland at Liffey Valley Shopping Centre, Dublin.
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NewsNew design boss Low to join Asda later this year
Marks & Spencer buying and design director Helen Low is to join Asda as its new general manager for design at George in October.
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NewsTrinity Leeds 80% let as Urban Outfitters signs up
Yet-to-launch shopping centre Trinity Leeds has signed a raft of new retailers, including US lifestyle retailer Urban Outfitters.
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NewsHarrods opens doors to its new Toy Kingdom
Luxury department store Harrods last week opened its £7m revamped toy department that features a room dedicated to science-themed toys called ‘The Odyssey’ as well as a shop featuring real trees in the ‘Enchanted Forest’.
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NewsShopper cutbacks hit premium own brand growth
Shopper cutbacks have hit performance of premium grocery lines across the market have fallen.
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NewsVideo: New Waterloo retail space opens ahead of Olympics
London Waterloo has opened an extra 20,000 sq ft of retail space, including Joules’ first train station store, today in time for the Olympics.
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NewsInflation falls to 2.4% in June
Inflation fell to 2.4% in June, down from 2.8% in May – the third consecutive month the annual rate has fallen as retailers started summer sales earlier than usual due to the wet weather, according to figures from the Office for National Statistics.
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NewsAsos denies director is to exit despite share sale
Asos product director Robert Bready has sold all of his shares in the fashion retailer fuelling rumours he is to exit.
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NewsBargain Booze boss Tim Stanley steps down
Bargain Booze managing director Tim Stanley has stepped down, sparking a hunt for a new boss at the off licence chain.
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NewsBurberry serves notice to end fragrance licence with InterParfums
Burberry has served its fragrance licensee InterParfums notice of its intention to terminate its agreement. Ending the deal will cost Burberry €181m (£141m).
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NewsRihanna teams up with River Island to design capsule collection
Pop star Rihanna is designing an exclusive clothing collection for River Island, which will launch as part of the retailer’s spring 13 collection.
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NewsIceland to launch online grocery site
Iceland is to launch a transactional website next year, seven years after it shut down its original ecommerce site.
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NewsM&S names new Per Una head of design
Marks & Spencer has appointed Carole Boyes-Weston as head of design for its Per Una and Limited Collection womenswear brands.
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NewsFood fastest growing sector for mobile searches
Food was the fastest growing sector for mobile searches in the second quarter, rocketing 163% year-on-year.
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NewsThe Original Factory Shop EBITDA soars in first quarter
The Original Factory Shop EBITDA jumped 20% in its first quarter.