All News articles – Page 1389
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News
BIM reports net profit increase
Turkish hard discounter BIM has reported that net profit in the third quarter of 2011 climbed 21.7% to TRL78m (£27.4m) compared with the same period last year.Preliminary sales at continuing operations grew 25.6% to reach TRL2.16bn (£758.2m) while operating profit rose 19.9% to TRL93.8m (£32.9m). As of November 2011, BIM ...
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NewsBolland and King highlight changing shopper behaviour
M&S and Sainsbury’s aim to ensure consumer demand for quality and value is effectively met.
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News
US clothing retailer Gap accelerates China expansion
US clothing retailer GAP has announced that it expects China to become a $1bn (£623m) business in three to four years as the company accelerates expansion there. Gap aims to grow its store network to 15 by the end of this year, including opening its first outlet in Hong Kong. ...
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NewsIn focus: Sainsbury’s
The grocer is pulling no punches as it pushes convenience, non-food and value.
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NewsDrama dominates as Kesa sells Comet
Stores shares advanced across the board in a week dominated by dramatic corporate action and results from some of the industry’s biggest names.
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NewsMorrisons targets bulk buy payday offers
Morrisons is targeting payday wage packets with bulk buy offers.
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NewsMydeco.com to vie for John Lewis share
Mydeco.com, the homewares and furniture aggregator website, plans to take on John Lewis as it launches a transactional website targeting the department store’s customer.
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NewsThe Perfume Shop launches Christmas TV ad
Fragrance retailer The Perfume Shop launched its story-based Christmas TV ad campaign on Wednesday.
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NewsGovernment must lift the nation, say retailers
Chairmen of leading retailers have urged the Government to take “practical steps” to boost consumer confidence.
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NewsWestfield plans third London shopping centre in Croydon
Westfield plans to open a third London shopping centre in Croydon.
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NewsEtailer Chain Reaction on hunt for out-of-town locations in UK
Northern Ireland-based bikes etailer Chain Reaction Cycles is to open stores in the UK in another example of a predominantly online retailer eyeing opportunities in physical space.
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NewsHalfords posts "robust" performance in tough market
Pre-tax profits for car parts and bike specialist Halfords have fallen 20.4% as sales in its retail division were hit by motorists cutting back on car maintenance.
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NewsSainsbury's set sights on Tesco territory
Sainsbury’s is to continue to target new areas of the UK as it aims to “give people a choice” that isn’t Tesco.
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NewsWHSmith like-for-likes fall 6%
WHSmith has revealed a like-for-like sales slump of 6% in 10 weeks to September 1.
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NewsMorrisons remains cautious as like-for-likes rise 2.4%
Grocer Morrisons has revealed a like-for-like increase excluding fuel of 2.4% in the 13 weeks to October 30, despite conditions remaining “challenging”.
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News
Sale of Galeria Kaufhof in the offing
A sale of Metro-owned department store chain Galeria Kaufhof could be in the offing, as local press reported interest from billionaire Greek investor George Economou.Meanwhile, Nicolas Berggruen, owner of rival department store chain Karstadt, has also tabled a bid, according to reports. It is not known whether Berggruen is interested ...
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News
Metro halts sale of Real hypermarket operating division
Retail conglomerate Metro has called a halt to the sale of its Real hypermarket operating division for the time being. The plans have been put on hold because of the resignation of Metro chief executive Eckhard Cordes, according to reports.Until recently, UK-based private equity firm Apax Partners had been in ...
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News
Aldi Nord to embark on major investment programme
Aldi Nord, the more austere of Aldi’s two main operating companies, is about to embark on the biggest investment programme in its history with plans to refurbish all its European stores.A model unveiled in the Belgian town of Ghent is to serve as the blueprint for the new store design. ...
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NewsSupermarket growth slows as shoppers put off Christmas spree
Growth among supermarkets slowed last month as consumers put off their Christmas shop as they await a raft of festive promotions.
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NewsMultiyork appoints joint managing directors
Furniture retailer Multiyork has appointment Adrian Iles and Oliver Spark as joint managing directors after the departure of executive chairman and chief executive Indira Thambiah last month.