All News articles – Page 1298
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News
DIY specialist Hornbach to ramp up expansion plans
DIY specialist Hornbach is to ramp up the pace of its expansion. In the current and next financial year, 15 new stores are to be built, most of which will be outside Germany in new markets such as Slovakia, Switzerland and Sweden. The retailer’s medium-term goal is to increase the ...
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NewsJessops defies tough climate to record surge in profits
Cost control and margin improvement boost retailer despite tsunami impact on supply.
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News
Best Denki to launch ecommerce operation in Indonesia
Japanese electronics retailer Best Denki is to launch an ecommerce operation in Indonesia. The venture will be run in partnership with Japanese online shopping business Rakuten and Indonesian multimedia company PT Global Mediacom Tbk. The transactional website, called Rakuten Belanja Online, is to go live on June 1. Indonesia is ...
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Department store group Target to move away from budget image
Department store group Target intends to move away from its budget image to attract younger shoppers. Managing director Dene Rogers wants Target to fill the gap between department stores David Jones and Myer and budget chains. Rogers said Target intends to increase its focus on children and teenagers’ clothing. Part ...
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NewsRetailers hope to prosper as Euro 2012 kicks off
Retailers are willing the England football team to put in a better than expected performance during Euro 2012 to maintain the Jubilee feel-good factor.
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NewsJubilee boost for retail as Brits get into party spirit
The Queen’s Diamond Jubilee provided retailers with a much-needed footfall boost as shoppers got into the party spirit.
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NewsDiamond Jubilee contributes to weekly footfall surge of 8.6%
Footfall surged 8.6% week-on-week in the seven days including the weekend of the Queen’s Diamond Jubilee, according to footfall data from Experian.
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NewsGuests gather for the Donna Karan Women Who Inspire network
Disney Store director Teresa Tideman joined august company when inducted into the Donna Karan Women Who Inspire network at the fashion retailer’s store in Conduit Street in London’s West End.
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Seven & launches recreational store format in Indonesia
Japanese grocer Seven & I has launched a recreational store format in the country. The shop blends a small supermarket with inexpensive ready-made food and seating. It is aimed at young people, with 24-hour opening, live bands and free Wi-Fi. The format is in line with the its efforts to ...
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H&M plans to increase sourcing from Bangladesh
H&M plans to source more products from Bangladesh, although unrest there present a hurdle to expansion. The fashion retailer sources approximately 25% of its products from the country and aims to increase the figure significantly. H&M plans to use its influence to apply pressure to its suppliers in Bangladesh to ...
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News
Ikea appoints Marek Feltl as chief executive
Ikea has appointed Marek Feltl as chief executive of the Czech Republic, Hungary and Slovakia as of July. Feltl moves across from Italy, where he was deputy chief executive. He succeeds Andrew North, who will begin a new role in Ikea franchise partner development in Asia. Feltl said: “My main ...
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News
Drugstore chain Schlecker’s German stores set to close
All of insolvent drugstore chain Schlecker’s 2,800 German stores are set to close after administrators to the business failed to find a buyer. Around 13,200 jobs will be lost in the country.After months of attempting to save it, administrator Arndt Geiwitz said there was no way to keep the business ...
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NewsWilkinson chief executive Stuart Mitchell to step down
Stuart Mitchell, chief executive of value retailer Wilkinson, is to step down after almost six years in the role.
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NewsWest End attracts two million shoppers over Jubilee weekend
Two million shoppers flocked to London’s West End over the Jubilee weekend in what businesses hope will convert into £120m in sales.
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NewsWaitrose reports record trading week in Jubilee run-up
Waitrose experienced a record trading week in the run up to the Jubilee, excluding Christmas and Easter, as turnover hit £123m.
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NewsClarks profits hit by rising costs and promotions
Pre-tax profit at footwear giant Clarks dipped 2.4% for the year to January 31 due to a combination of high cost pressures and a rise in promotional activity.
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NewsThe Fragrance Shop to open 100 shops as profits rise
The Fragrance Shop delivered a record performance for the year to March 31, posting a 24% surge in EBITDA to £9.3m as it unveiled plans to open 100 stores over the next five years.
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NewsHome Retail boss's bonus sparks investor anger
Argos-owner Home Retail’s investors are expected to voice anger following the award to chief executive Terry Duddy’s of a hefty bonus.
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NewsTesco expected to report sales fall as its recovery begins
Tesco’s underlying sales are expected to fall in the first quarter, as chief executive Philip Clarke continues to drive his £1bn investment to help repair the business.
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NewsFoot Locker sets record rent on Oxford Street
Sports retailer Foot Locker has set a record rent on Oxford Street in a further example of the surging demand for space on the street.