All News articles – Page 1310
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News
Harvey Norman posts profit warning
Harvey Norman posted a profit warning following disappointing results in the first nine months of 2011. Unaudited preliminary accounts for the period indicate profit before tax of Aus$204.8m (£129m), a drop of 24.8% compared with the prior year period.The retailer said its technology categories continue to be affected by a ...
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NewsKing: Sainsbury's has the edge in the grocery market
Sainsbury’s boss insists the retailer is leading the way on quality and service.
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News
Grocer Delhaize reports operating profit dip
Grocer Delhaize reported sales up 5.9% to E5.5bn (£4.48bn) for the first quarter of 2012 but underlying operating profit dropped 16.9% to E189m (£153.8m).In the US, sales were down 1.2% to $4.6bn (£2.84bn), corresponding to a dip of 0.6% in like-for-likes.At the end of March, Delhaize operated 1,541 shops in ...
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News
El Corte Inglés to expand new Supercor Exprés fascia
El Corte Inglés is to expand the new Supercor Exprés neighbourhood fascia by rebranding a number of Opencor convenience stores to the banner. The decision follows the recent integration of Supercor and Opencor fascias under one management team.The retailer has decided to rebrand around 10 Opencor stores in the Madrid ...
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NewsStore closures loom at Clinton Cards
Buyers circle as Clinton Cards follows Game and Peacocks into administration.
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NewsThorntons pins hopes on British-branded Jubilee range
Embattled chocolatier Thorntons is putting its hopes on the Jubilee to avoid its traditional summer slump.
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NewsMaplin poaches new multichannel boss from Comet
Maplin has poached a senior Comet executive to become its first multichannel director as it bolsters its top team ahead of an eventual sale.
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NewsBetter Capital says changes will rejuvenate Jaeger
Premium fashion retailer Jaeger’s new owner Better Capital is focusing on tackling logistics issues to put more stock into stores as it seeks to conclude a business review of the retailer by the end of the summer.
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NewsClinton Cards folds into administration, 8,000 jobs at risk
Struggling greetings card retailer Clinton Cards has collapsed into administration, putting around 8,000 jobs at risk as store closures look imminent.
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NewsReiss hires ex-Cocosa boss Milligan as trading director
Reiss has hired former Cocosa managing director Gwynn Milligan to the newly-created role of trading director.
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NewsNew Look close to deal on debt terms
Fashion retailer New Look is poised to take another step forward in its refinancing, it is understood.
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NewsShop Direct to close two customer service centres in outsource move
Shop Direct, which operates brands including Littlewoods and Very, has outsourced its customer service operation in a move which could see two of its four contact centres close.
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NewsEBay Fashion launches colour matching app
EBay Fashion has updated its app for the iPhone to feature Image Swatch technology which allows shoppers to find items that match the colour or pattern of images they scan in.
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NewsWet weather leads to April retail sales washout
Retail sales were washed out last month as the wettest April on record took a heavy toll, according to the BRC-KPMG Retail Sales Monitor.
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NewsClinton Cards to collapse into administration
Clinton Cards has suspended its shares on the Stock Exchange and is on the point of collapse after its largest supplier American Greetings acquired the retailer’s debt from its banks last night.
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NewsCarphone Warehouse like-for-likes fall 5.5% in fourth quarter
Carphone Warehouse Europe like-for-likes dropped 5.5% in the 13 weeks to March 31.
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NewsSainsbury's profits rise as it takes record market share
Sainsbury’s has claimed its biggest grocery market share in nearly 10 years and posted a rise in full-year profits.
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News
Net sales at Metro rise
Metro’s net sales were up 2.2% to E15.6bn (£12.7bn) in its first-quarter ended March 31. In local currency, sales came in 2.6% above the prior year level. There was a calendar effect benefit but an EBIT loss of E9m (£7.3m) following a profit of E142m (£115.5m) in the prior year ...
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First-quarter sales increase for Publix
Grocer Publix’s first-quarter sales rose 4.2% to $7.1bn (£4.4bn), up from last year’s $6.8bn (£4.2bn). Like-for-like sales increased 3.3% while net earnings climbed 2.8% to $409.4m (£253m) compared with $398.2m (£246.2m) in the same period in 2011.Publix currently operates 1,051 stores in Florida, Georgia, South Carolina, Alabama and Tennessee.
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News
Grocer Casino sells real estate stake
Grocer Casino has sold 9.8% of its stake in its real estate subsidiary Mercialys via an equity swap with French bank Crédit Agricole, generating E138m (£112.1m).It followed Casino’s disclosure in early February of its plans for Mercialys, in which the retailer would decrease its holding in the property company in ...