All News articles – Page 1297
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NewsLandlords accused of cashing in on Portas Pilots
Landlords have been accused of taking advantage of the status of those town centres picked as Portas Pilots by pushing up the sale price of vacant shops.
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NewsBoxpark unveils loyalty scheme
Pop-up mall Boxpark has introduced a loyalty card scheme in a bid to drive footfall and sales.
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NewsMarks & Spencer to create 500 jobs as it launches bank
Marks & Spencer is to create 500 jobs by the end of next year as it opens 50 banks in its stores within two years.
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NewsSainsbury’s in twitter showdown
Savvy tweeter Sainsbury’s drew plaudits this week with a choke slam of a 144-character response to a customer.
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Neiman Marcus posts total revenues increase
Department store group Neiman Marcus posted total revenues of $1.06bn (£670m) for the 13 weeks ended April 28 compared with $983.8m (£621.7m) in the corresponding period in 2011. Like-for-like revenues rose 6.7%. Operating earnings were $146.6m (£92.6m) compared with $123.2m (£77.6m) the previous year, an increase of 19%. Net profit ...
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Carrefour to take control of discount supermarket chain Eki
Carrefour has got the green light from the Argentine competition authority for the acquisition of discount supermarket chain Eki. Carrefour will take control of the struggling Argentine retailer, which operates 120 stores across the country, while retaining its 2,300 employees. The transfer contract is expected to be signed before July ...
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Rite Aid elects John Standley to chairman position
Pharmaceutical retailer Rite Aid’s board has elected president and chief executive John Standley to the additional position of chairman, with effect from June 21. Standley will succeed Mary Sammons, who has served as chairman since June 2007 and whose term of service in the role concludes at the June annual ...
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NewsNew Look and Asos deploy augmented reality campaigns
Fashion specialists New Look and Asos have become the latest to deploy augmented reality to engage consumers as the technology becomes increasingly popular among retailers.
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NewsHarvey Nichols adds classic labels to boost its brand mix
Harvey Nichols is to introduce classic luxury ready-to-wear brands for the first time across all categories as it attempts to capture spend from its growing customer base from emerging markets.
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NewsWickes ploughs £10m into lowering prices
DIY retailer closes loyalty card scheme to invest in lower price strategy
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NewsMarks & Spencer to open chain of banks
Marks & Spencer is to shake up the financial services industry with the launch of its own bank.
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NewsVision Express appoints new chief financial officer
Vision Express has appointed Simon Hope as its chief financial officer, replacing Dominic Evans after two years in the post.
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NewsClinton Cards bought out of administration by American Greetings' subsidiary
Clinton Cards has been rescued out of administration by Lakeshore Lending, a subsidiary of Clinton Card’s largest creditor American Greetings.
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NewsBonmarché turnaround progressing, finance director says
Bonmarché’s turnaround strategy “is under way” said finance director Stephen Alldridge as the retailer firms up its store portfolio.
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NewsBolland and King take bonus cut
Retail supremos Marks & Spencer boss Marc Bolland and Sainsbury’s chief executive Justin King both took bonus cuts in the last financial year as executive pay in the sector comes under scrutiny.
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NewsM&S is first major retailer to become carbon neutral
Marks & Spencer has today confirmed it is the first carbon neutral major retailer.
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NewsKingfisher directors earn £8m worth of shares
Directors at Kingfisher, the group that owns B&Q, received shares worth almost £8m last night as three bonus schemes paid out.
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NewsWarm weather pushes retail like-for-likes up 1.3% in May
UK retail like-for-likes in May were up 1.3% as warm weather drove sales, according to British Retail Consortium (BRC) KPMG Retail Sales Monitor.
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NewsGrocers vie for market share in the Southeast
Tesco aims to “unlock London” as grocery spend in the Southeast becomes vital in the war for market share.
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NewsDorothy Perkins rose is revealed
Plant namers at the Capital Gardens Group’s centre at Alexandra Palace have gained Retail Week’s seal of approval this week.