All News articles – Page 1319
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News
Galeries Lafayette to revamp flagship store
Department store business Galeries Lafayette plans a E85m (£71.8m) investment at its flagship store on Boulevard Haussmann in Paris.The retailer intends to expand the space dedicated to luxury goods, leather products, jewellery and footwear. As part of the renovation, Louis Vuitton, Cartier and Chanel outlets will be located on two ...
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Walmart to focus on expanding existing operations
Walmart is to concentrate on expanding its operations in existing markets rather than entering new locations this year. However, the retailer is still looking at possibilities to enter new countries and acquire technology and other capabilities.Walmart highlighted it has no plans at present to enter Russia but said it would ...
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Cora plans click-and-collect service
Grocery retailer Louis Delhaize plans to launch a click-and-collect service for its Romanian hypermarket chain Cora. The new service will be called Cora Drive. The retailer already offers Cora Digital, a service that allows customers to pick up consumer electronics delivered from Cora hypermarkets to smaller stores in customers’ local ...
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Uniqlo stores to sweep China
Clothing giant Fast Retailing has revealed that its Uniqlo International division plans to accelerate the pace of new store openings in Greater China from 32 stores in 2011 to 80 in 2012. The first Uniqlo shop is scheduled to launch in the Philippines in June this year and the retailer ...
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Carrefor launches new loyalty programme
Carrefour has launched a new point-based loyalty programme in the United Arab Emirates called MyClub, an innovation within the hypermarket sector in the region.Members earn one point for every AED10 (£1.75) spent in the retailer’s stores, with extra points available on special offers. When 500 points are accumulated, a AED50 ...
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Target's Canadian plans under government review
General merchandise retailer Target’s plan to enter Canada is being reviewed by the government to decide if books and other cultural ranges have enough Canadian content.Target spokeswoman Lisa Gibson said that this analysis will concentrate on books, DVDs, music and magazines as the government is committed to making sure investments ...
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Intermarché given go-ahead for Altis takeover
Grocer Intermarché has received approval from competition authorities to take over 20 Altis stores operating under the Carrefour banner. Last year, Intermarché reached an agreement with Spanish grocer Eroski to acquire the Altis joint venture in southern France.Eroski had already purchased Carrefour’s 50% stake in Altis, which operated six Carrefour ...
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Bharti Walmart to establish online operations in India
Bharti Walmart is likely to set up an online operation in the country with the grocer reportedly looking to partner with domestic ecommerce companies. Online retailing is gaining ground in India with several companies such as Amazon’s Jungle.com coming to the market, an indirect entry owing to the current restrictions ...
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Seven & I Holdings posts 20% profit for year
Convenience store operator Seven & I Holdings has posted a 20% rise in operating profit to ¥292.1bn (£2.41bn) for the full year ended February 29, 2012. Net profit increased 16% to ¥129.8bn (£1.07bn), however net sales fell 11.4% to ¥4.01 trillion (£33.03bn) mainly due to a change in accounting methods ...
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NewsTopman’s David Shepherd appointed chief operating officer of Arcadia
Topman managing director David Shepherd has been promoted to the newly created role of chief operating officer for trading at Arcadia in a bid to grow the group’s e-commerce and international businesses.
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NewsBT Retail Week Technology Awards shortlist announced
Many big name retailers and their suppliers in the running for an award that recognises excellence in innovation.
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NewsAquascutum attracts interest from suitors after its collapse
YGM Trading, owners of Aquascutum’s brand in Asia, is in talks to buy the global brand after the British luxury fashion retailer collapsed into administration yesterday, it is understood.
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NewsWest End spend set to hit £10bn by 2020
The West End is forecasted to attract more than £10bn of spending each year by 2020 but only if overcrowding and congestion are tackled, according to a report by New West End Company.
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NewsTesco invests £1bn in UK turnaround as like-for-likes dip
Tesco is to invest £1bn to turnaround its UK business this year as it squares up for an intense battle to win back grocery market share.
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NewsHotel Chocolat to enter the restaurant trade
Hotel Chocolat is to enter the UK restaurant business with a flagship eatery in London later this year.
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NewsNext boss Wolfson's pay falls
Next chief executive Simon Wolfson’s pay slipped to £1.5m in the last year from £1.8m the previous year.
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NewsAquascutum collapses into administration
Aquascutum has been placed into administration after the management team was “unable to successfully turn the business around”.
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NewsAsda rolls out new in-store stocking tactic
Asda has rolled out a new top stocking system its chief operating officer Judith McKenna said is saving significant costs.
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NewsSwarovski-owned lola&grace to open in Brent Cross
Swarovski-owned accessories retailer lola&grace is to open its second store in Hammerson’s Brent Cross shopping centre in north London.