All News articles – Page 1357
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News
Turnover improves at Shoprite
African grocery retailer Shoprite issued results for the first half of its financial year to December 2011. Turnover improved 13.2% to ZAR41.1bn (£3.3bn) while like-for-likes rose 8%. In its home market, the retailer’s sales increased 12.3% and by 6.8% on a like-for-like basis. Official statistics put food inflation at 9% ...
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NewsFeelunique.com ramps up overseas
Health and beauty retailer Feelunique.com is to ramp up its overseas presence by increasing its marketing activity as it strives to become the “Asos of the health and beauty market”, according to chief executive Aaron Chatterley.
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NewsWHSmith top line expected to rise over the next five years
WHSmith is expected return to revenue growth over the next five years as it benefits from improved margin mix and overseas expansion.
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NewsHawkins Bazaar back in the game
The owner of Hawkins Bazaar, Primary Capital – which bought back the business out of administration last week – plans to revive the toy retailer by focusing on concessions and online as it appoints a new chief executive.
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News
Amazon considering entering India
Amazon may enter India via the launch of its market place platform in a bid to overcome foreign direct investment restrictions on multi-brand retail, it has been reported. Industry sources said the etail giant had already struck deals with other online retailers in preparation for the launch, which would initially ...
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News
Abercrombie & Fitch considers India expansion
Abercrombie & Fitch staff have visited India as it considers setting up shop in the country. An Abercrombie & Fitch spokesperson said: “We are constantly evaluating new opportunities for our brands, including new countries, for expansion.”Gap is also said to have stepped interest into the market after the government allowed ...
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NewsPrimark optimistic for 2012 after strong sales
The squeeze on consumers will lessen in 2012, directors of Primark’s parent company believe.
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NewsThe People's Supermarket to expand
The People’s Supermarket (TPS) is targeting new locations across the UK.
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NewsSuperGroup eyes efficiency savings with new warehouse
SuperGroup is to move to a new distribution centre which is set to make its operation more efficient.
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NewsAsda Income Tracker: Weekly spending power falls by £12
Asda has said UK families were £12 a week worse off in December 2011 than a year earlier.
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NewsAsda loses new business boss Misra as it plans George Middle East push
Asda has lost another top executive as new business director Arnu Misra exits the business.
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NewsWHSmith posts 5% like-for-like fall
WHSmith said it delivered a “resilient” performance despite a 5% drop in like-for-likes over the 21 weeks to January 21.
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News
Cost-cutting at La Redoute
PPR-owned mail order retailer La Redoute may cut 250 jobs as part of a new cost-cutting initiative designed to make the retailer a pure-play online operation. The job losses would be mainly voluntary redundancies over a three-year period. Last week it was revealed that PPR was cutting 510 jobs at ...
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News
Carrefour’s global brand director departs
Carrefour’s global brand director Laurent Blum has left the retailer. Before his appointment by chief executive Lars Olofsson at the end of 2009, Blum was vice-president of Nestlé Waters France, responsible for marketing and sales. Blum will reportedly not be replaced, and his duties will be reassigned between the internal ...
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News
Ahold reports net sales growth
Grocery retailer Ahold has reported consolidated net sales of E30.3bn (£25.35bn) for 2011 – a 2.5% increase compared with the previous year and a 5.5% rise at constant exchange rates. An Ahold spokesperson said: “We continue to be well positioned in challenging market conditions.” In the US, sales improved 6.6% ...
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News
X5 Retail Group reports net retail sales increase
X5 Retail Group has reported a 32% increase consolidated net retail sales of RUB452.5bn (£9.3bn) for 2011. Like-for-like sales rose 6%, with a 1% drop in customer traffic and a 7% increase in average basket. However, like-for-like sales growth at Pyaterochka more than halved to 5% compared with last year ...
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NewsEdinburgh Woollen Mill plans 150 new stores as it eyes Peacocks property
Edinburgh Woollen Mill is to open 150 high street and mall stores this year, as well as more than 100 across the rest of the group that includes Jane Norman.
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NewsThe Co-operative makes senior job cuts
Seven senior managers are to leave The Co-operative as the economic downturn hits one of the UK’s largest businesses.
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NewsGlasgow Buchanan Street 91% let as Fat Face and Skechers sign up
Retailers including Watches of Switzerland, Skechers and Fat Face have signed up to Land Securities’ Glasgow Buchanan Street development, which is now 90.7%pre-let.
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NewsCarphone Warehouse like-for-likes fall 4.7%
Carphone Warehouse will increasingly target “key opportunities” in smartphone and tablet sales and said that like-for-likes fell 4.7% in the third quarter.