All News articles – Page 1303
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NewsJohn Lewis posts sales uplift
John Lewis recorded a “solid” week last week with sales up 11.6%.
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Target reveals net earnings increase
Mass merchandiser Target revealed that net earnings for the first quarter of 2012 rose 11.5% to $697m (£441.5m) year on year. Sales increased 6.1% from $15.6bn (£9.88bn) to $16.5bn (£10.45bn) due to a 5.3% rise in like-for-like sales and the contribution from new stores. EBIT was $1.12bn (£709.4m), an uplift ...
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JC Penney records drop in sales
Department store operator JC Penney recorded a larger-than-expected drop in sales for the first quarter.The retailer, which aims to establish itself as an affordable fashion-orientated business by moving away from promotions and couponing to low prices on most items, also surprised investors by ending its dividend to help fund a ...
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Steve Hofmann promoted to chief executive of QVC Europe
TV shopping retailer QVC has promoted its Italian chief executive Steve Hofmann to the new position of chief executive of QVC Europe. Hofmann will oversee the television shopping operator’s European markets, including the UK, Germany and Italy, and accelerate growth opportunities in the region. He also retains his position as ...
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NewsRoyal visit for The Glades shopping centre
After the Queen and Duke of Edinburgh visited The Glades shopping centre in Bromley this week, speculation that Prince Philip left with a Beefeater Build-a-Bear while the sovereign took home a plastic crown from Poundland was unsubstantiated.
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NewsPixmania launches own-brand jewellery range
Dixons-owned Pixmania has set out ambitious plans to become the leading online European jewellery retailer within the next two years.
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NewsM&S latest retailer to slow down store expansion
Marks & Spencer has become the latest retailer to switch the lights to amber on UK store expansion plans as punishing trading conditions persist and multichannel retail grows.
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NewsSales soar at The Entertainer as sector rivals close down
Specialist toy retailer The Entertainer posted a surge in sales in its first quarter as it filled the gap left by closed Woolworths, Early Learning Centre and Hawkin’s Bazaar stores.
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NewsMamas & Papas to sell product on Amazon and Tesco sites
Mamas & Papas has identified digital marketplaces as central to its online growth strategy.
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NewsIrisa staff in consultation after Jacques Vert rebrand
Womenswear group Irisa has been rebranded as Jacques Vert, ahead of a potential relocation of its Luton office that has resulted in 200 staff being put into consultation.
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NewsBlue Inc thrives due to brand expansion and store acquisitions
The young fashion retailer thrived in the recession but times could be about to get tougher.
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NewsSignet UK sales nudge up
Signet’s UK like-for-like sales edged up for the first quarter of 2012.
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NewsHilco hired to shut Birthdays and Clintons stores
Restructuring specialist Hilco has been drafted in to close Birthdays and Clintons stores
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NewsLloydspharmacy loses two more chiefs
Chief commercial officer Steve Gray and supply chain and business efficiency director Philip Streatfield have left Lloydspharmacy, just months after its managing director quit the business after less than a year in the role.
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NewsMastercard loses appeal against card transaction charges
Mastercard has lost its appeal against a European Commission ruling which declared charges imposed on UK retailers for processing credit and debit card payments from other EU countries were anti-competitive and unlawful.The European Union General Court today upheld the European Commission’s 2007 ruling.The cross-border fees, known as interchange rates, mean ...
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NewsTesco revamps ready meal range
Tesco has unveiled a multi-million pound revamp of ready meals across all its ranges.
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NewsMoss Bros store refits boost like-for-likes
Sales at menswear group Moss Bros increased 8.8% on a like-for-like basis as it benefited from an enhanced product offer and revamped stores.
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NewsAsos posts "strong" performance
Asos has delivered “ another strong” performance for the year ending March 31 as profit before tax including exceptionals rocketed 93% to £30m, as it reveals chairman Lord Waheed Alli prepares to step down from the business.
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NewsCalver: ''Give me three years to turn around Mothercare"
New Mothercare boss Simon Calver said it will take three years to turn around the troubled maternity specialist’s core UK business, which plunged into the red last year.
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Redcoon Germany launches online shop on Facebook
Metro’s Redcoon Germany has launched an online shop on its Facebook page. As an extra incentive, special offers for Facebook users will include lower prices than on its regular web shop Redcoon.de.Redcoon expects to gain new customers with the measure. In three days, 500 more Facebook fans had been added, ...