All News articles – Page 1394
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News
Casino-owned Exito reports net profit increase
Casino-owned Exito has reported net profit of COP58.8bn (£19.52m) in the third quarter, 59% more than the previous year.The grocery retailer’s operating profit increased 18.7% to COP74.5bn (£24.74m), while sales rose 15.6% to COP2.03trn (£1.01bn).Exito opened 36 new stores in the first nine months of the year, reaching a total ...
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Mercator signs contract with Drvopromet to take over its trade business
Grocery retailer Mercator has signed a contract with Bosnia and Herzegovina-based Drvopromet to take over its trade business, securing 63 Drvopromet stores in a long-term lease. The agreement, which is based on strategic ties and is awaiting a green light from Bosnia and Herzegovina’s competition protection office, makes Mercator the ...
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News
Walmart to roll back health care coverage
Walmart is significantly rolling back health care coverage for part-time workers while raising premiums for many full-time employees. All future staff who work less than an average of 24 hours per week will no longer qualify for any of the company’s health insurance plans.Additionally, new workers who average 24 to ...
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NewsJohn Lewis in "Made in UK" product push
John Lewis is to push British-sourced products in its stores to support UK manufacturing.
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NewsStore Twenty One launches label with Katie Price
Value retailer Store Twenty One has teamed up with model Katie Price to create a new label called Katie’s Boutique.
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NewsAsda £5 'thank you' offer hailed a success as Morrisons enters Christmas price war fray
Asda’s £5 ‘thank you’ offer that it launched two weeks ago has driven 1 million customers to its Asda Price Guarantee (APG) website.
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NewsIceland bids fall short of asking price
First round bids for Iceland are thought to have fallen short of the £1.5bn asking price.
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NewsBoots to launch more premium own brand products
Health and beauty retail giant Boots is to introduce new premium ranges of own-brand products to compete with established brands in the market.
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NewsAsda targets Argos in electronics price war
Asda is gearing up to launch a price war on electronic goods this week singling out Argos as its number one target.
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NewsMy-Wardrobe hunts for chief executive as it looks to global markets
Premium etailer My-Wardrobe.com is looking for a chief executive to take the company to international markets, according to reports.
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NewsAurora-backed Bastyan brand to open pop-up store
Contemporary womenswear label Bastyan, which is backed by Coast, Warehouse and Oasis owner Aurora Fashions, is to open a pop-up store.
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NewsLush eyes central London for its biggest ever store
Lush is mulling plans to open its largest store in the world in central London.
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NewsBRC calls on Chancellor to tackle 2012 business rates in pre-Budget statement
Chancellor George Osborne must address significant business rate increases, retail jobs and improving access to overseas markets in his Autumn statement, the British Retail Consortium (BRC) has urged.
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NewsProfits plunge at JJB
Sports retailer JJB has suffered a slump in interim profits and poor second half trading has forced a re-budgeting.
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NewsTopshop's sleeping beauties
This could be another sit-in protest at Topshop’s Oxford Circus store, or perhaps a snap of exhausted shoppers who have braved the crowds at one of the busiest stores in the UK.
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News
Clicks Group announces preliminary financial results
Health and beauty retailer Clicks Group has announced its preliminary financial results for the year ended August 31. Group retail turnover increased by 10.9% to ZAR10.8bn (£847.5m). The core Clicks drugstore network reported sales up 13% with operating profit soaring 25.8%.Meanwhile, the Musica music and video store chain announced a ...
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NewsOcado hit by delivery "blips"
Warehouse “blips” have affected deliveries by online grocer Ocado today, but the retailer insisted only a comparatively small number of shoppers have been affected.
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NewsConsumer confidence falls in October
Consumer confidence slipped in October to one of its lowest ever levels.
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NewsRepublic poised for cash injection
TPG, the private equity house that owns Republic is poised to inject new cash into the fashion retailer, it is understood.
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NewsBurberry bolsters senior management team
Luxury retailer and brand Burberry has bolstered its senior management team with the creation of the roles of senior role vice-president, customer insight, and chief technology officer.