All News articles – Page 1335
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NewsOnline grocery shopping to get personal, says Ocado boss
Ocado chief executive Tim Steiner has said shoppers will expect an increasingly bespoke experience on retailer’s websites including targeted searches.
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NewsRetailers must innovate to compete, says Kingfisher boss
Retailers need to improve innovation in order to remain competitive, Kingfisher chief executive Ian Cheshire told delegates at The Cloud Retail Week Conference today.
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NewsHarvey Nichols delays Indian expansion
Harvey Nichols is deferring entry into India because of a range of practical hurdles and regulations are putting the luxury department store off the market.
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NewsSchuh a fan of Comic Sans?
The much-maligned Comic Sans font made a reappearance this week when Retail Week Knowledge Bank’s Philip Wiggenraad tweeted that footwear retailer Schuh had used it to document its annual accounts.
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NewsAurora could close half its stores, says Binnie
Aurora Fashion president Stewart Binnie has said the company could dispense with more than half its stores, as the web continues to reshape the retail industry and with up to 70% of the company’s transactions now using the internet in some way.
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NewsMore action needed on high street, says Marks
More needs to be done to ensure high streets across the UK continue to thrive, Co-operative chief executive Peter Marks said at The Cloud Retail Week conference today.
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NewsPrisk promises business-led retail strategy in summer
Business minister Mark Prisk has promised a “clear, business-led” strategy to spark retail growth in the summer.
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NewsFocus on 20% of core customers, advises Mayfield
The retail market is changing in a “fundamental and profound way” according to John Lewis chairman Charlie Mayfield, and retailers will need to change the way they make money in the coming years and focus heavily on the most profitable 20% of customers.
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NewsHMV Live grabs attention of O2 owner
The owner of the O2 arena, AEG, is bidding to acquire HMV’s live music business for about £65m.
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NewsMarks & Spencer sets up Savile Row office
Marks & Spencer is to enter Savile Row with a new design centre and launch suit range.
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NewsFrench Connection launches retail review after profits plunge
French Connection is to review its retail operation following a profits plunge in its full year.
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NewsTesco forecast strongest growth against global retail rivals
Tesco is forecast to grow faster than its three main global rivals – Walmart, Metro and Carrefour – with a compound annual growth rate (CAGR) of 6.8% between 2011 and 2015, according to new research from IGD.
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Penny updates refurbishment plans
Grocer Rewe’s discount division Penny has updated refurbishment plans in its domestic market. The discount division hopes to convert 600 stores to the new model this year following the recent start of the programme in Berlin and Cologne. The revamp is expected to be completed by the end of 2014. ...
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Grocer Delhaize reports profit decrease
Grocer Delhaize reported underlying operating profit down 10.2% to E935m (£789m) for the full year 2011. According to the retailer, the decline was due to soft sales and price investment in the US partly offset by cost savings across the group. Net profit slipped 17.4% to E475m (£400m) primarily as ...
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Metro’s cash and carry operation to launch online shop
Metro’s cash and carry operation in China is to launch an online shop for local business customers later this year. The assortment will include mainly ambient products although the business also plans to add non-food ranges in the future. In addition, the retailer intends to open at least 10 cash-and-carries ...
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Aeon to set up China headquarters
Japan-based Aeon is to set up its China headquarters in Beijing. The retailer is likely to expand its business operations in the country and diversify into property development, general financial services, speciality stores and supermarkets. President Motoya Okada said: “We aim to entrust local executives with management decisions.”Given the sluggish ...
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NewsKwiksave to return to the high street next month
Kwiksave is to return to the high street next month.
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NewsLeahy to raise $750m for Chinese shopping mall venture
Former Tesco chief executive Sir Terry Leahy plans to raise $750m to launch his Chinese shopping centre venture.
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NewsHomebase poaches Waitrose director to head up retail
Homebase has appointed Waitrose director of retail services Graham Heald as its retail and distribution director.
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NewsTesco considers raise in pension age
Tesco is considering raising the age its staff receive a full pension from 65 to 67.