All News articles – Page 1381
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NewsLand Securities and Cortefiel end UK venture
Property group Land Securities and Spanish retailer Cortefiel have ended a tie-up designed to introduce new brands to the UK and shut eight stores.
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NewsIceland non-food expansion recommended
Food retailer Iceland could take a strategic step into non-food when its future becomes clear.
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NewsTravelodge in Waitrose link-up
Travelodge and Waitrose are to develop combined sites as the hotel company looks to ramp up operations alongside retailers.
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NewsFindel confident in turnaround despite losses widening
Findel is confident of its three-year turnaround plan despite losses widening in its half year to September 30.
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NewsProfits fall at Topps Tiles
Floorings specialist Topps Tiles full year profit before tax has plummeted 36% to £7.9m.
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Net sales increase for Walmart
Walmart disclosed that net sales in its third quarter rose 8.2% to $109.5bn (£70bn). Operating income grew by 4.8% to $5.9bn (£3.77bn). Net sales at Walmart US increased 2.7% to $63.8bn (£41bn) while like-for-likes turned positive after nine consecutive quarters of declines. Meanwhile, Walmart International reported that net sales on ...
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Dollar Tree reports net sales increase
Discounter Dollar Tree has reported an 11.9% rise in consolidated net sales to $1.6bn (£1.02bn) for the third quarter ended October 30. Like-for-like sales increased 4.8%, following an 8.7% improvement for the third quarter in 2010. During the period, the retailer opened 98 stores, closed five and expanded or relocated ...
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NewsReiss full year EBITDA soars 44%
Reiss UK EBITDA soared 44% to £13.1m in its year to January 31.
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NewsClintons like-for-likes slip 2.4%
Greetings card retailer Clintons group like-for-likes fell 2.4% in the 16 weeks to November 20.
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NewsNovember retail sales down, CBI figures show
Retail sales dropped in November as cautious shoppers resulted in “below average” sales volumes for the time of the year.
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NewsBRC report illustrates retail's "world-class" contribution to economy
The British Retail Consortium (BRC) hopes to push the Government’s hand on easing increased taxes for retailers with a report showing UK retailing is “world-class”.
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NewsGoldman Sachs in talks to take control of Peacocks
Goldman Sachs is in talks to take control of value fashion chain Peacocks.
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NewsJohn Lewis sales slip as warm weather hits trade
John Lewis’s sales were down by 1.2% in the seven days to Saturday as unseasonably warm weather continues to affect sales.
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NewsFormer Asda COO Simon King appointed Wickes MD
DIY chain Wickes has appointed former Asda chief operating officer Simon King as its managing director.
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NewsTM Lewin profits up as it eyes further international growth
TM Lewin EBITDA rose 5% to £14.7m in the year to February 26 despite the “challenging conditions”.
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NewsJacques Vert warns on profits
Occasionwear specialist Jacques Vert has warned on profits after unseasonably warm weather and weak consumer confidence took a toll.
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NewsClothes when you’re feeling sorry for yourself
This humble clothes brand was discovered in the Ripley department store in Santiago.
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Net income rise for Abercrombie & Fitch
Clothing retailer Abercrombie & Fitch’s third-quarter results showed net income rose by 2% to $50.9m (£32.5m) while revenue soared 22% to $1.08bn (£690.3m). Revenue from stores open at least one year climbed 7%, including gains of 4% at Abercrombie & Fitch, 6% at Abercrombie Kids and 8% at Hollister. The ...
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Discounter Dia cuts 2011 sales forecast
Spanish-based discounter Dia has cut its sales forecast for 2011 due to troubles in the “complicated” French retail market, where its nine-month like-for-likes fell nearly 7%. In 2010, France accounted for nearly 27% of Dia’s sales worldwide. The retailer, which was spun off by Carrefour last July, said it now ...
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NewsBoots debuts pop up shop on Oxford Street
Boots has opened its first pop up Christmas store on Oxford Street as it relocates one of its shops on the famous shopping destination.