All News articles – Page 1373
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NewsSports Direct sales up in first half
Sports Direct has reported flat pretax profits at £100.3m as sales grew in the first half.
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Media-Saturn launches Media Markt online shop
Metro Group-controlled Media-Saturn in Switzerland has launched its Media Markt online shop.The site currently offers 1,000 items but the range is to be expanded to 1,500 products in the future. Saturn’s ecommerce presence is due to follow next year.
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X5 Retail Group plans ecommerce launch
Grocery retailer X5 Retail Group is thought to be planning to launch an ecommerce banner called E5 in the second half of 2012.The website would allow consumers to order goods online and pick them up in Pyaterochka, Perekrestok and Karusel stores.
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Tengelmann buys 10% stake in Neonga
Retail group Tengelmann has bought a 10% stake in Berlin-based online game provider Neonga via Tengelmann Ventures. The deal is part of the retailer’s strategy to build a portfolio of financial investments in technology start-ups.Tengelmann Ventures told Planet Retail that investment would be focused on mobile, software and gaming companies ...
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NewsHammerson welcomes Portas Review
Landlord Hammerson, owner of malls including the Bull Ring, has welcomed The Portas Review into high streets.
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NewsMorrisons plans 2012 expansion
Morrisons is to create 7,000 new jobs and open 25 stores in 2012 as it goes on an expansion drive.
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NewsClintons FD Paul Salador quits
Clinton Cards group finance director Paul Salador has stepped down after 15 years at the business.
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NewsM Savers to hit Morrisons shelves in January
Morrisons has confirmed its new M Savers value range is to launch in January.
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NewsScottish retail sales drop worst since 1999
Scottish retail sales in November fell at their steepest rate since 1999, with total sales down 1.3% year-on-year as consumers put off their Christmas shopping.
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NewsSupergroup profits dip despite like-for-like growth
Supergroup underlying profit before tax dipped £0.5m to £13m as like-for-likes grew 4% in its half year to October 30.
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NewsLa Senza calls in restructurers
Lingerie retailer La Senza has appointed KPMG to restructure the business.
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Amazon introduces e-book fund
Amazon has introduced a $6m (£3.85m) fund under the Kindle Direct Publishing Select scheme for authors who make their e-books exclusive to Amazon Kindle for at least 90 days.The etailer expects to pay authors from the pot when their books are borrowed under the Kindle Lending Library, which is part ...
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Lidl reprimanded by Swedish Advertising Ombudsman
Schwarz Group-owned discounter Lidl has reportedly been reprimanded by the Swedish Advertising Ombudsman for misleading advertising.An article in Esmerk said that a consumer lodged a complaint about a TV commercial in which the retailer claims to travel the world to buy produce directly from local farmers.The complainant argued that the ...
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NewsGovernment minister to be allocated high street remit
The Government is set to allocate a minister for town centres on the back of Mary Portas’ review into the future of the high street.
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NewsCPI inflation falls in November
The rate of Consumer Prices Index (CPI) inflation has fallen during November.
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Saks Fifth Avenue relaunches SaksPOV website
Upmarket department store group Saks Fifth Avenue has relaunched the SaksPOV website after five months of development.SaksPOV offers shoppers insight on fashion, culture and art and includes multimedia content, Saks brand coverage and lifestyle pieces. Saks Direct chief marketing officer and president Denise Incandela said: “We will use SaksPOV as ...
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NewsPortas sets out new high street vision
Mary Portas has called for a “shift to a new, multi-functional, social high street”.
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Schlecker closes 400 stores
Drugstore operator Schlecker had to close about 400 stores in November and a further 200 will follow this month, according to Spiegel.Chief executive and owner Anton Schlecker is said to have already invested a double-digit million euro sum of the company’s private assets to restructure the chain, which lost its ...
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NewsBRC welcomes efforts to tackle business rate rises and parking
Prioritising action on business rate rises and parking in the Portas Review is “exactly right”, the British Retail Consortium (BRC) believes.