All News articles – Page 1359
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NewsPoundland posts positive Christmas
Poundland enjoyed a “very encouraging” Christmas with like-for-like sales up 5.9%.
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NewsHMV granted breathing space by banks
UPDATED: Struggling entertainment retailer HMV has revealed its banks have relaxed its terms and given it more headroom in a move that will have a “materially positive impact on the Group’s profitability and cash flow”.
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BT headline sponsor Retail Week Technology Awards 2012
Retail Week is proud to announce that for the third year running, BT has signed up as the headline sponsor of the BT Retail Week Technology Awards. The awards are now open for entries, with the ceremony held in London on the June 19 this year.
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NewsAdministrators tell Life & Style directors to return 'incorrectly used' monies
The joint administrators of defunct fashion and homewares chain Life & Style have requested that the retailer’s previous directors return money they “incorrectly used” or face the threat of court action.
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NewsRetailers enjoy December sales rise
Retailers enjoyed a strong Christmas as sales rose 6.2% by value in December, according to figures from the Office for National Statistics.
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NewsKardashian's UK footwear website to close after four months
The UK arm of Shoedazzle, the online footwear, handbag and jewellery retailer co-founded by US reality TV star Kim Kardashian, is to shut down after only four months.
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NewsClearance drives strong John Lewis sales
Sales at John Lewis soared last week as its Clearance Sale drove strong online custom.
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Massmart reports sales increase
Retail and wholesale group Massmart has reported that sales rose 15% to R31.6bn (£2.56bn) during the first half to the end of December 2011. Like-for-likes increased 9.2% during the same period.The announcement follows several price promotions during the half, triggered by Walmart’s acquisition of a 51%majority stake in June 2011, ...
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Kroger launches fully-automated convenience store
Grocery retailer Kroger has launched a fully-automated convenience store on the campus of Ohio Northern University in Ada. The 9-ft tall unit, provided by Shop24 Global, offers about 200 standard convenience products such as drinks, snacks, refrigerated meals, cleaning supplies and over-the-counter medicines. The machine’s stocking and dispensing system can ...
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NewsClinton speaks at NRF conference
Former US president Bill Clinton was a big draw when he spoke at this week’s NRF conference in New York.
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Ikea to pursue growth avenues
Home furnishings retailer Ikea Turkey’s general manager Fuat Atalay has told local press that the group will pursue several avenues of growth over the next five years. Its strategy includes the opening of three new stores, the launch of a transactional ecommerce site for the whole country and better targeting ...
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Grupo Pão de Açúcar reports net sales increase
Casino-owned Grupo Pão de Açúcar has reported a 21.2% increase in net sales to BRL13.4bn (£4.9bn) for the fourth quarter.Total sales for 2011 jumped 45.2% to BRL46.6bn (£17.1bn). Despite weaker demand amid the economic slowdown, like-for-like gross sales at the grocery retailer’s food division rose 8.7%, the highest quarterly growth ...
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News‘Energetic’ response to Portas Review promised
The Government minister charged with overseeing a turnaround of the UK’s ailing high streets has welcomed aspects of the Portas Review, but warned that more is needed to tackle the decline.
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NewsBoots primes its multichannel offer
Boots is ramping up its multichannel offer this year after delivering a strong Christmas performance.
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NewsBlacks set to be back in the black within a year
JD Sports Fashion chairman Peter Cowgill aims to turn a profit at Blacks in the next financial year.
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NewsOnline sales soar 16.5% over Christmas
Online sales jumped 16.5% in December as £7.9bn was spent on the web.
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NewsPeacocks crisis could reshape value sector
Debt and market conditions have been blamed for bringing value fashion group Peacocks to the point of collapse yesterday (Wednesday).
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NewsCocosa to launch full price site
Online private Sales site Cocosa is set to launch a full price site in 2013, a second major steer away from its original private sales business model in six months.