All News articles – Page 1378
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NewsBlacks Leisure looks to distressed debt specialists to bail it out
Blacks Leisure could be sold to a new investor after opening rescue talks with several firms specialising in distressed debt.
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NewsIndian foreign investment proposals put on hold
Plans to allow foreign investment from global retailers including Tesco, Carrefour and Walmart in India are on ice as the government looks to find a “consensus”.
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NewsVAT to rise to 23% in Ireland
The Irish Government is expected to reveal plans to increase Vat from 21% to 23% tomorrow (Tuesday).
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NewsChristmas shoppers boost John Lewis sales
Sales at John Lewis jumped 9.6% year-on-year last week as Christmas shoppers came out in force.
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NewsPanorama uncovers 'misleading' grocery claims
The UK’s four biggest grocers have been accused of misleading shoppers with confusing and untrue claims that potentially leave them open to prosecution.
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NewsGrocery market to hit £184bn by 2016
The grocery market is expected to be worth £184bn by 2016, compared to £156.8bn in 2011, according to new research.
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NewsCath Kidston overseas expansion drives sales
Kitsch homewares and fashion retailer Cath Kidston operating profits nearly doubled in the 53 weeks to April as the company expanded overseas.
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Casino to reduce non-food sales area in hypermarkets
Casino is to reduce the non-food sales area of its largest Géant hypermarkets in France following a pilot test in its largest hypermarket located near Marseille in which the sales area was reduced from 182,990 sq ft to 150,700 sq ft. Casino will cut the non-food sales area of half ...
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Metro Group appoints new chief executive
Metro Group has appointed Olaf Koch as its new chief executive from January 1, 2012, and Franz Markus Haniel as chairman of the supervisory board with immediate effect. Koch has served as chief financial officer of Metro Group since September 2009. Current chief executive Dr Eckhard Cordes revealed in October ...
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NewsCalzedonia to expand across UK
Hosiery and beachwear retailer Calzedonia is to expand across the UK as it signs for a store in The City of London.
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NewsTesco offers House of Fraser deal
House of Fraser gift cards are to be offered to Tesco Clubcard holders throughout December after the retailers struck a deal to create the promotion.
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NewsSainsbury's and Co-op well placed to poach custom
Sainsbury’s and The Co-operative are in the strongest position to poach custom from rivals, according to a new study.
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NewsSports Direct set to snub Blacks fundraising
Sports Direct founder Mike Ashley is set to snub a £20m cash call by struggling outdoor retailer Blacks of which he is the largest shareholders.
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NewsSir Stuart Rose linked to Argos bid
Sir Stuart Rose has been linked to a return to Argos as part of a possible private equity approach for parent Home Retail.
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NewsComet deal financing delayed
The proposed sale of Comet has hit a stumbling block because its prospective buyer has not yet secured a key part of its financing.
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Woolworths outlines strategic priorities
Woolworths chief executive Grant O’Brien outlined his strategic priorities at the AGM. He intend to “extend and defend leadership in food and liquor” by establishing a dominant position in fresh food in Australia; to maintain its track record of building new growth businesses; and “to put in place the enablers ...
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NewsPost-sales service vital for multichannel offer
As multichannel sales continue to rise, retailers aim to make customer experience and service consistent across all channels.
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Grocery retailer Shufersal posts third quarter results
Grocery retailer Shufersal posted results for the third quarter. Net profit plummeted 59% to ILS29m (£4.9m) from ILS71m (£12m) for the same period last year. Revenue was up 4% to ILS3bn (£509m).It also announced that chief executive Ephraim Rosenhaus would step down after more than eight years in the job. ...
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Foot Locker reports net income increase
Foot Locker reported that net income for the third quarter ended October 29 was $66m (£42m), up from $52m (£33m) for same period last year. Net sales were $1.39bn (£892m) compared with $1.28bn (£822m).Foot Locker chairman and chief executive Ken Hicks said: “I am pleased to report our seventh consecutive ...