All News articles – Page 1304
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News
Off-price retailer TJX reports increase on first-quarter earnings
Off-price retailer TJX reported that first-quarter earnings soared 58% compared with the same period a year earlier. For the quarter ended April 28, TJX recorded a profit of $419.2m (£265.5m), up from $266m (£168.5m) in the prior year. Sales rose 11% to $5.8bn (£3.67bn) while gross margin climbed to 28.2% ...
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NewsHoF drives online investment as ecommerce sales grow
House of Fraser is “investing heavily” in online operations and has switched one of its distribution centres to online-only fulfilment as multichannel grows.
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NewsEtailers race to react to new EU cookies law
From Saturday May 26th, online retailers must obtain express consent from customers to set cookies – which harvest visitor data on websites – following a bureaucratic change branded a “waste of time” by ecommerce experts.
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NewsRoyal gnomes for sale at B&Q
Gardeners who may have neglected their patch of green due to the dreary weather will need to tackle their topiary ready to roll out the red carpet and play a rousing fanfare as royalty tours gardens up and down the country – although in gnome form.
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News
Real in talks with Auchan over sale of CEE business
Metro’s hypermarket division Real is in talks with French retailer Auchan over the sale of its Central and Eastern European (CEE) business, Manager Magazin reported. The operations include Poland, Russia, Romania, Turkey and Ukraine.In 2011, Real in CEE ran 110 out of 426 Real stores, with net sales accounting for ...
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NewsAsda predicts consumers will stick to tight budgets
Asda chiefs believe the consumer mindset has irreversibly changed and the habit of very tight budgeting is here to stay.
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NewsClinton Cards: List of 44 store closures revealed
More than 40 Clintons and Birthdays stores will shut by the end of May, affecting 300 full and part-time staff. Full closure list below.
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NewsJD group trading director Nick Preston to leave
JD Sports Fashion group trading director Nick Preston, is to leave the company later this month to take on a role at brand management company Glint.
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NewsRetail sales cool in April
Retail sales in April grew at their slowest rate since January 2010 due to tough comparitives as last year’s sales were boosted by an exceptionally warm Easter and the Royal Wedding.
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NewsSainsbury's reprimanded after Asda complaint
An advert for Sainsbury’s Brand Match has been banned after a complaint from Asda over its wording.
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NewsHouse of Fraser EBITDA drops as it invests in stores and fulfilment
House of Fraser adjusted EBITDA dropped 16% to £58.6m as it invested in a second distribution centre.
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NewsDebenhams chief executive Michael Sharp snaps up shares
Debenhams chief executive Michael Sharp has increased his share in Debenhams after buying £74,000 of shares yesterday.
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NewsBurberry full-year profits rocket
Profits at Burberry rose 26% over the last year fuelled by strong menswear sales.
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NewsM&S faces staff revolt after bonus slash
Marks & Spencer is facing a revolt by its shopworkers after annual bonuses were slashed to just £100.
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NewsOcado expects 13% second quarter sales uplift
Ocado has forecast a 13% uplift in gross sales for the second quarter, up from a rise of 10.9% in the first quarter.
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NewsHarrods prepares for Jubilee weekend
The Qatari owners of Harrods certainly have a royalist streak.
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News
Gap posts level profits on the year
Clothing retailer Gap posted first-quarter profit unchanged on the prior year at $233m (£147.6m). It results from higher like-for-like sales in North America but weakness abroad and a rise in operating expenses. In 2011, Gap suffered a profits slide every quarter, attributed to key trend misses over the past few ...
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News
Four key executives to leave Ikea France
Ikea France has disclosed the departure of four executives. A former managing director of Ikea France, a former human resources director, a former chief financial officer and the current director of risk management will leave the group.Last month, Ikea admitted to activities contravening ethical standards after workers sued it for ...
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News
GameStop reports drop in net profits
Entertainment retailer GameStop reported a 10% drop in net profit to $72.5m (£45.9m) for its first quarter ended April 28. As the company had previously warned, sales fell 12.2% to $2bn (£1.27bn) on the back of weak demand. The video games specialist said that sales of new hardware and software ...
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News
Bharti Walmart to open Best Price Modern Wholesale store
Walmart’s joint venture Bharti Walmart is to enter Gujarat with a 50,000 sq ft Best Price Modern Wholesale store, to open later this year.The retailer said: “We plan to open 12 to 15 Best Price Modern Wholesale stores in 2012, mainly in south and west India.” It also plans a ...