All News articles – Page 1300
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NewsWider adoption of contactless payment likely following Post Office deal
Wide implementation of contactless payment took a leap forward after the Post Office said it is to become Europe’s largest adopter of the payment system.
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NewsLiberty opens at Westfield Stratford City
Luxury department store Liberty today opened its first shop outside of its iconic store on Great Marlborough Street in central London with a shop in Westfield Stratford.
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NewsDigital music downloads overtake physical sales in the UK
Digital music revenue has overtaken sales of physical formats such as CDs for the first time in the UK.
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NewsHalfords upbeat despite 26.6% pretax profit plunge
Halfords is looking to “evolve” its strategy in the new financial year after posting group pre-tax profit down 26.6% to £92.2m for the year to March 30.
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NewsArcadia pays interns a year after placements
Arcadia has retrospectively paid dozens of interns who worked at its head office up to a year after their placements ended.
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NewsKingfisher first quarter profits slump as wet weather hits sales
B&Q owner Kingfisher UK & Ireland retail profit slumped 9.8% to £75m in the first quarter as wet weather hindered sales in the crucial Easter trading period.
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Walmart plans small stores roll-out
Walmart plans a roll-out of its smallest format stores. US chief executive Bill Simon told an investor conference that its 12,000 to 15,000 sq ft Walmart Express stores, in locations including Chicago and North Carolina, are performing ahead of expectations. Walmart has 10 of the stores, which include grocery and ...
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NewsRetailers hope for Jubilee spending spree
Retailers hope the Queen’s Diamond Jubilee weekend will spark a rush of celebratory spending and lift consumer confidence after a wet spring dampened sales.
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NewsLittlewoods to launch interactive Facebook TV show
Littlewoods, in what it claims is a retail first, is to broadcast a live interactive TV show on Facebook, hosted by brand ambassador Laurence Llewelyn-Bowen.
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Co-operative Eroski reports net loss
Co-operative Eroski has reported a net loss of E36m (£28.8m), a 44% improvement on the loss of E64.6m (£51.6m) the previous year. The retailer has now made a loss for four consecutive years as it continues to be hit by high level of debt and a weak economic environment. It ...
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NewsSuperdrug considers localised product offer
Superdrug is considering localising its product offer in stores to better meet local needs.
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NewsCelebrity gardener wins gold for Homebase at Chelsea Flower Show
Celebrity garden designer Joe Swift was pleased with himself at last week’s Chelsea Flower Show.
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NewsClinton Cards deal to be struck within days
Clinton Cards looks likely to be bought out of administration by the end of next week if not earlier as would-be suitors jostle to take control.
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NewsMonsoon to overhaul top team as senior bosses exit
Fashion retailer also reviews costs and store portfolio to adapt to difficult market.
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NewsData: Forecast scaled back for Olympic growth
Retail sales growth during the Olympics is likely to be lower than originally expected but will exceed historical averages, the latest Opera Solutions Retail Predictor for Retail Week shows.
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NewsPhase Eight pre-tax profit jumps 9%
Womenswear retailer Phase Eight delivered a 9.4% pre-tax profit increase to £17.8m for the year to January 28.
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NewsConsumer confidence rises despite the double dip recession
Consumer confidence increased two points month-on-month in May to -29 as people feel more positive about future prospects, according to GfK’s Consumer Confidence Index
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NewsChain retail store numbers continue to grow
The total number of retail chain stores in the UK has continued to grow over the last three years despite the impact of online shopping.
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NewsWest End retail staff clean up for the Jubilee
West End retail staff volunteered in a big clean up of Oxford Street this morning in time for the Queen’s Diamond Jubilee this weekend.
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NewsMonsoon's Ridler to head Russian retail giant
Monsoon managing director Peter Ridler is to become chief executive of Russian footwear retail giant CentrObuv, Retail Week has learned.