All News articles – Page 1322
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News
Best Buy chief executive resigns
The chief executive of US electricals giant Best Buy has resigned after the retailer’s recent poor performance. Best Buy said it was a mutual decision for Brian Dunn to step down and it was “time for new leadership to address the challenges that face the company”. The retailer has struggled ...
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Michaels Stores seeks expansion
Arts and crafts retailer Michaels Stores aims to raise $500m (£320m) in an initial public offering.Using cash raised, the retailer sees the potential for 1,500 stores in North America, including new formats for smaller and urban markets. Michaels also said that it will specifically target Hispanic customers with classes in ...
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Aeon launches new tablet device
Aeon has launched a tablet device, jointly developed with domestic telecoms company NTT and electronics manufacturer Sharp. The device is designed to help families organise their daily activities, manage schedules and communicate as well as facilitate online shopping via Aeon’s net support service app. Aeon plans to equip the tablet ...
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Rewe acquires stores from Enka
German retailer Rewe has won approval from the Russian competition authorities to acquire 12 Citistores from Turkish group Enka. The shops, in the greater metropolitan area of Moscow, will be converted to the Billa supermarket format in the coming months. Rewe also plans to open around 10 new Billa stores ...
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Dunnes launches in-store bakery trials
Dunnes is to launch in-store bakery trials in six stores this month in response to initiatives by German discounter Schwarz Group Lidl. Should the trial prove successful Dunnes is expected to introduce bakeries to more shops.
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Auchan unveils new pricing strategy
Grocer Auchan has unveiled its new pricing strategy. The retailer is expanding its fruit and vegetables available for less than €1 from the current eight to 14 varieties. The €1 price point will also be applied on a broader range of products including meat, frozen food and organic products. The ...
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Japanese convenience store Lawson to expand in China
Convenience store operator Lawson has unveiled plans to step up its expansion in China. At present the retailer has 335 shops in the country and the intention is to have 10,000 by 2020. Lawson may consider an acquisition to rapidly increase its store network.Like other Japanese convenience store players, Lawson ...
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NewsPark Group full year sales surge 21%
Voucher specialist Park Group sales surged 21% in its full year to March 31.
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NewsCo-op trials contactless payment
Co-operative Food is trialling contactless payment ahead of an anticipated uplift in its use during the Olympics.
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NewsHeavy rain hits Easter footfall
Persistent rain over the Easter bank holiday weekend put a dampener on retail footfall which declined 12.5% year-on-year.
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NewsDunelm remains cautious as like-for-likes edge up
Value homewares retailer Dunelm like-for-likes edged up 0.6% in the 13 weeks to March 31.
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NewsWarm weather drives March retail sales increase
UK retail like-for-like sales increased 1.3% in March as warm weather boosted the performance of non-food, according to the British Retail Consortium (BRC) KMPG Retail Sales Monitor.
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NewsJohn Lewis rolls out London Olympics shops to all stores
Department store group John Lewis is to install official London 2012 shops in all its branches.
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NewsPlastic bag usage plummets in Wales after 5p charge
Supermarkets in Wales have experienced a plummet in plastic bag usage since a compulsory charge was introduced for them last year.
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NewsTesco pressured to pull out of the US
Tesco shareholders are putting pressure on the grocer to pull out of its US venture Fresh & Easy to concentrate on the UK.
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NewsLand Securities encourages online price comparison in centres
One of Britain’s largest shopping centre owners Land Securities is preparing to install free wi-fi and a price comparison programme to all its 22 centres.
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NewsSports Direct fires warning shot at Dick's-backed JJB
Sports Direct is gearing up for a battle with new JJB Sports investor Dick’s Sporting Goods by cutting prices.
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NewsOrlebar Brown to expand in central London
Luxury swimwear retailer Orlebar Brown will open a flagship store on Vigo Street in central London as part of plans to expand this year.
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NewsAmazon faces corporation tax investigation
Amazon is under investigation from UK tax authorities over its corporation tax contribution.
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NewsTesco investors put pressure on chairman
Tesco shareholders are putting new chairman Sir Richard Broadbent under pressure over the company’s strategy.