All News articles – Page 1365
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News
Merger announced for Shopko and Pamida
Shopko and Pamida, both owned by an affiliate of Sun Capital Partners, are to merge. The retailers expect the deal to close in mid-February, and financial details have not been disclosed. With Shopko and Pamida’s annual revenues of $2bn (£1.29bn) and $1bn (£647.4m) respectively, the companies will operate nearly 350 ...
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News
Target announces Canadian store locations
Target has announced the locations of its first 24 stores in Canada. The Ontario stores will open in March and early April 2013 in London, Kawartha Lakes, Newmarket, Milton, Cambridge, Toronto, Mississauga, Ajax, Orillia, Brampton, Windsor, Burlington, Aurora, Fergus, Hamilton, Guelph, Waterdown and Whitby. Target Canada president Tony Fisher said ...
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NewsTesco to close 12 Fresh & Easy stores
Tesco is to temporarily close 12 of its Fresh & Easy stores in the US in the face of harsh of economic conditions.
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NewsSainsbury's reports 'record-breaking' Christmas
Sainsbury’s has reported a “record-breaking” Christmas with non-food and its online business proving particularly strong.
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NewsShop price inflation hits 16-month low in December, BRC finds
Shop price inflation reached its lowest level for 16 months in December, as retailers heavily discounted electrical goods, clothing and footwear in the run up to Christmas, the British Retail Consortium (BRC)- Nielsen Shop Price Index found.
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NewsN Brown like-for-likes up 2%
Home shopping group N Brown like-for-likes rose 2% in the 19 weeks to January 7.
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NewsSuperGroup Christmas sales jump
SuperGroup like-for-like sales jumped 5.8% over in the nine weeks to January 1.
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NewsPast Times closes 47 stores as it is granted breathing space from administration
Epic, owner of troubled gifts retailer Past Times, has another 10 days to conclude a deal or appoint administrators after it successfully applied for an extension on its notice to appoint an administrator as talks with interested parties continue.
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NewsBooths sales up as shoppers entertain over Christmas
Northern supermarket chain Booths has praised its ‘canny’ consumers following a 3% increase in like-for-like sales over the Christmas period.
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NewsSignet UK sales edge up 1.8% over Christmas
Jewellery giant Signet’s UK sales edged up 1.8% in the nine weeks to December 31.
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NewsSainsbury's market share highest since March 2003
Sainsbury’s has achieved its biggest market share in eight years and the conversion of Netto stores has boosted Asda’s share, the latest Kantar data showed.
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NewsChristmas sales uplift for The Co-op
The Co-operative Group’s like-for-like sales grew 3.1% in the four weeks ending December 31.
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NewsTiger sales soar 21% in December
Value homewares and accessories retailer Tiger has posted a 21% sales increase for December, as it continues to grow its chain of stores.
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NewsLa Senza sold to Alshaya UK
Troubled lingerie chain La Senza has been sold to the UK division of Middle Eastern trading house Alshaya following a pre-pack administration.
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NewsTopp Tiles like-for-likes drop 4.2% in first quarter
Topps Tiles like-for-like sales have dropped 4.2% in the 13 weeks ending January 1, although sales improved in the last six weeks of the period.
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NewsSports Direct urges OFT investigation into outdoor market
Sports Direct revealed it has written off £52.6m in Blacks following rival JD’s acquisition of the retailer out of administration yesterday, and has urged the OFT to “look closely” at the outdoor and sports retail market.
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NewsDunelm margins improve as like-for-likes grow 1.1%
Dunelm like-for-likes increased 1.1% in the 26 weeks to December 31 and it expects first half pretax profit to come in at about £52m.
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NewsRetail like-for-likes up 2.2% in December, says BRC
Retail sales were “dazzling” in the pre-christmas week as December like-for-likes grew 2.2%, according to the British Retail Consortium (BRC) -KPMG Retail Sales Monitor.
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NewsMajestic Wine posts seasonal sales rise
Drinks specialist Majestic Wine has posted fizzy seasonal sales over Christmas.
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NewsGame like-for likes plunge as margins hit
Game UK & Eire like-for-likes slumped 15.2% in the 8 weeks to January 7 as the challenging conditions in the games market continue to take their toll.