All News articles – Page 1342
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News
Loblaw reports sales increase
Loblaw’s sales in the full year ended December 31, 2011 rose 1.3% to C$31.3bn (£19.69bn) and like-for-like sales edged up 0.9%.In the fourth quarter, the grocery and general merchandise retailer reported that sales of food and clothing were strong while drugstore sales remained flat. Sales growth in general merchandise, excluding ...
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NewsJustin King unveils Sainsbury's Jubilee Family Festival
Sainsbury’s chief executive Justin King discovered his exotic side in London’s Hyde Park earlier this month.
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News
Target posts net earnings growth
Target has posted net earnings of $2.93bn (£1.85bn) for its full year and $981m (£619.3m) for the fourth quarter. Target chairman, president and chief executive Gregg Steinhafel, said: “Target generated strong financial performance in 2011, overcoming sluggish economic growth, restrained consumer spending and an intensely promotional holiday season. For the ...
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News
Blockbuster unveils year end results
Blockbuster has unveiled its results for the year to December 31, 2011 confirming it plans to close 500 underperforming rental stores during the first half of 2012. This number accounts for about one-third of the retailer’s US store portfolio.Blockbuster’s new parent company Dish Network reported an 11% increase in net ...
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NewsTesco unveils 3D virtual fitting room
Tesco is hoping to boost its online clothing sales and reduce returns through the launch of a virtual fitting room service.
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NewsDixons movies business to launch on Thursday
Electricals group Dixons will launch its Knowhow on-demand movie business this Thursday, March 1.
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NewsTesco reshuffles marketing team
Tesco has made several key changes in its marketing team appointing Carolyn Bradley as its group brand director in the process.
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NewsRetail sales stabilise in February, according to the CBI
Retailers experienced little change in sales volume year-on-year with 34% of retailers surveyed in February’s CBI Distributive Trades Survey reporting an increase, while 36% reporting a decline.
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NewsTesco records lowest market share since 2005
Tesco’s market share has slipped to its lowest level since May 2005.
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NewsJessops chairman David Adams to step down
Camera specialist Jessops chairman David Adams is to step down at the end of the month.
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NewsCrew Clothing full year profits soar
Casualwear retailer Crew Clothing profits climbed by more than a quarter last year despite the challenging economic climate.
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NewsHMV reviews work experience scheme as Asda drawn into row
HMV is reviewing its unpaid work placements following the row over the Government’s Work Experience scheme.
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NewsCo-op sales dragged down by former Somerfield stores
The Co-operative’s former Somerfield stores are performing poorly amid rising complaints in store and overcharging for products.
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NewsThe cat that got the over-priced Sheba
Maths clearly isn’t the strong point of the employees at Tesco Express in Clapton, London.
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NewsAsda poaches John Lewis Partnership director for CFO role
Asda has appointed John Lewis Partnership director of shared services Richard Mayfield as its new chief financial officer.
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NewsMorrisons targets increase in female board members
Morrisons is targeting 30% female representation across its senior management board by 2014.
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NewsSainsbury's reshuffles senior management team
Sainsbury’s is to reshuffle its senior management team next month with several key shifts in responsibility.
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NewsTopshop continues US expansion with LA store
Topshop/Topman is continuing its US expansion by inking its first West Coast store deal.
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NewsCash Converters to double UK stores
Pawnbroker Cash Converters plans to double its store portfolio in the next four years.
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NewsHarvey Nichols to post record profits
Luxury department store Harvey Nichols expects record profits this year of more than £18m.