All News articles – Page 1287
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NewsConsumer confidence static despite Jubilee hopes
Consumer confidence was static this month in spite of an expected “bounce” as a result of the Jubilee celebrations.
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Drugstore group Walgreens reports sales decline
Drugstore group Walgreens reported that sales declined 3.4% to $17.8bn (£11.4bn) for the third quarter ended May 31.Net earnings fell by 10.8% to $537m (£345m), impacted by the retailer no longer being part of the Express Scripts pharmacy provider network, as well as costs associated with entering into a strategic ...
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Delay for Walmart de Mexico (Walmex) store extension
Walmart’s subsidiary Walmart de Mexico (Walmex) revealed that its plans to extend its store network will be delayed by 60 to 90 days.The retailer said: “The revision is primarily due to additional steps the company is adding to its real estate process that extends the average time required to open ...
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Best Buy to increase staff training levels
Electronics retailer Best Buy plans to increase the levels of training given to its sales associates and Geek Squad technology experts this summer.The retailer hopes to increase sales in its stores by combatting ‘showrooming’ – where customers browse items in stores then purchase online – by increasing the level of ...
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NewsHomebase: Evolution of the shed format
Poor weather hit sales but the retailer continues to focus on store formats and big-ticket items.
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NewsOcado takes on specialists with dedicated websites
Pets, DIY and health and beauty to become new battlegrounds.
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NewsMFI’s Favell drafted in at Bathstore
Former MFI chief executive Gary Favell has been hired as the new boss of Bathstore after the big-ticket retailer was bought by investment firm Endless last month.
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NewsPet shop uses humour to attract customers
It can be difficult to choose a pet, but let’s be honest, hard-shelled crustaceans are unlikely to be the shopper’s first choice.
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NewsVideo: George at Asda debuts augmented reality T-shirts
George at Asda is stocking the UK’s first augmented reality T-shirts.
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NewsMothercare UK head of retail in surprise exit
Mothercare’s UK head of retail for the UK, Jeff Fagan, is to leave the maternity specialist less than a year after taking up the role.
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NewsRetailers get behind Portas Pilots
Sainsbury’s is the latest retailer to pledge its support to the 12 Portas Pilot towns after Boots backed the Government-led scheme to help revitalise high streets.
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NewsFormer M&S director Andrew Skinner to advise Irish retailer Dunnes
Andrew Skinner, formerly one of Marks & Spencer’s most senior directors, has taken on a consultancy role at Dunnes
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NewsNext’s Lord Wolfson ties the knot
Congratulations to Next chief executive Lord Wolfson who got married to Kate Middleton lookalike Eleanor Shawcross, an adviser to Chancellor George Osborne, last week.
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NewsThe Welsh Retail Consortium launched
The BRC has launched a sister body for retailers in Wales – the Welsh Retail Consortium.
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NewsOlympics to boost economy by £5.33bn
The Olympics and Paralympics are set to inject a £804m shot in the arm to the economy during the seven week period.
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Lidl responds to negative publicity
Schwarz Group-owned discounter Lidl has advertised in high-profile local newspapers stressing a commitment to Greek suppliers.The retailer is responding to negative publicity resulting from politicians and official investigators accusing the German retailer of charging higher prices for products in crisis-struck Greece than it does in other European markets.In the ads, ...
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Seiyu to cut prices across 1,400 items
Walmart’s Japanese business Seiyu plans to cut prices across 1,400 grocery, clothing and homewares items by the end of the year.The reductions are designed to reflect changing consumer needs after the March 2011 earthquake.In the initial stage the retailer has lowered the price of 500 items in daily essentials and ...
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NewsFortnum & Mason hires new retail director
Fortnum & Mason has hired a new retail director as it continues its search for a new chief executive.
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Metcash to step up its game in hardware sector
Grocery wholesaler Metcash is stepping up its game in the competitive hardware sector.The business currently holds a 50.1% stake in DIY network Mitre 10 and will purchase the remainder of the chain if the DIY retailer’s financial performance for the year to June 30 meets expectations.The acquisition will set it ...
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Supermarket operator Hero to build Indonesia’s first Ikea store
Supermarket operator Hero will begin building Indonesia’s first Ikea store by the end of the year.A franchise agreement, signed in March, allows Hero to operate Ikea stores from 2014 to 2021 with an option to extend the licence and add more stores later.The first shop will be in Alam Sutera, ...