All News articles – Page 1399
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NewsAsda reviews the future of four of its Living stores
Asda has launched a property review on four of its underperforming Asda Living stores.
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NewsCheshire: Kingfisher wants 100 stores in Turkey
Kingfisher chief executive Ian Cheshire has said the company plans to open 100 stores in Turkey, saying the country is “one of our big growth opportunities for the future.”
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NewsMobile sales jump as confidence in the channel grows
Mobile sales have jumped over the past year as retailers push the channel more aggressively in response to new consumer buying habits.
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NewsSharp sets out strategy as Debenhams records 10% profit increase
New Debenhams chief executive Michael Sharp has revealed his growth strategy for the department store, as he revealed full year pre-tax profit jumped 10% to £166.1m..
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Lidl changes expansion criteria in Germany
Schwarz Group-owned discounter Lidl is changing the criteria for expansion in Germany, defining higher sales targets and a larger catchment area for new stores. The new measures foresee a minimum turnover per store of E5m (£4.4m), which is higher than the estimated average of E4.9m (£4.3m) for its existing network.To ...
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Casino opens first Casino Shop in domestic market
The convenience arm of grocery retailer Casino has opened its first Casino Shop in its domestic market. The Casino Shop concept is typically less than 3,770 sq ft and offers 5,400 products, 1,500 more items compared with a Petit Casino. Casino Shop offers free home delivery and simultaneously acts as ...
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Grocer Sobeys announces business realignment
Grocer Sobeys has announced a realignment that will see the creation of two business units, each led by a president of operations. The IGA operations business unit comprises the IGA and IGA Extra, Les Marchés Tradition, Marché Bonichoix and Rachelle-Béry banners in the province of Quebec, and will be led ...
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NewsTesco to make redundancies in fashion department
Tesco is set to make redundancies within its fashion merchandising team following a recent drop in general merchandise sales.
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NewsGo Outdoors CFO David Hanney to exit
Go Outdoors has suffered another high profile departure as chief financial officer David Hanney prepares to exit next year.
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NewsDonna Air caption competition: winner announced
B&Q is doing its best to prepare the nation for a long cold winter, with the help of Donna Air and her wooly friend.
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NewsWiggle to appoint UBS ahead of potential float
Bikes etailer Wiggle is on the verge of appointing investment bank UBS to manage a potential flotation, it is understood.
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NewsShop Direct to launch Very overseas as it cuts group losses
Shop Direct is to launch Very overseas as it cuts group losses to £7.8m over the past year.
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NewsDixons hunts for UK boss so Browett can focus on strategy
Dixons, owner of electricals retailers Currys and PC World, is preparing to hire a new head of its UK operations early next year, it has been reported.
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NewsSports Direct profits jump 13.3% as sales grow
Sports Direct retail gross profit advanced 13.3% to £119m as sales thrive.
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News99p Stores reopens former Hub store
99p Stores has acquired a former Hub shop after the variety store retailer, founded by Poundland co-founder Davd Dodd, went bust last month.
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NewsArgos continues to drag down Home Retail as profits slump
Argos has continued to drag down the performance of its parent Home Retail in the first half, as group pre-tax profit slumped 70% to £28m.
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NewsOnline sales climbed 15% year-on-year in September
Online sales climbed 15% year-on-year in September as customers spent £5.5bn.
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NewsMake life tougher for out-of-town retail, Portas tells MPs
Mary Portas has told MPs her review of the high street will be about “making life easier for town centres and tougher for out-of-town.”
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NewsA-wear acquired by Hilco
Irish fashion retailer A-wear has been acquired for an undisclosed sum by restructuring specialist Hilco Ireland.
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NewsLa Senza to open four stores in October
Lingerie chain La Senza is to open four new stores this month taking its store portfolio to 160 after reports earlier this year it was looking at restructuring its retail business.