All News articles – Page 1409
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NewsPast Times moves back into loss, but plans 60 pop-up shops
Gift retailer Past Times made a loss of £1.5m last year, on sales of £46.5m.
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NewsJacques Vert sales edge up, but trading weakens in September
Sales at AIM-listed womenswear retailer Jacques Vert rose fractionally in the first 22 weeks of its financial year, but the company warned that trading has softened in the past three weeks.
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NewsSlow week for John Lewis, but Waitrose still growing
John Lewis sales fell on a VAT-exclusive basis last week, but Waitrose continued to grow its sales strongly.
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Ikea reveals sales increase
Ikea has revealed that sales rose 6.9% in the year ended August 31, 2011 to reach nearly E25bn (£21.7bn). Over the year, the retailer cut prices and added stores to drive sales. The weak economy meant customers switched to smaller ticket items. Chief executive Mikael Ohlsson confirmed the company’s interest ...
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NewsStaying inside your comfort zone
We’ve had disabled parking, we’ve had mother and baby parking.
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Colruyt predicts net profit will be below market expectations
Colruyt predicts that net profit this year will be below market expectations and no higher than last year. According to the grocer, the reasons for this are higher food, energy and staff costs.The traditionally cautious Belgian company said it would not be able to fully pass on higher food and ...
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NewsKKR appoints former Asda chief
Tony De Nunzio, former chief executive of Asda, has been appointed senior advisor at private equity firm KKR.
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NewsWickes to shrink stores as web transforms retail
1.4 million sq ft to be ditched as online reduces need for physical store space
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NewsInflationary pressures hit The Range
Homewares retailer The Range chief executive Chris Dawson has cited “massive inflation” as being a key contributor to stagnant profits at the company last year as the high costs of fuel and other capital expenses frustrated growth.
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NewsHeadhunter Minogue in new venture
Renowned headhunter Fran Minogue has set up her own executive search business focused on the retail and consumer sectors.
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NewsIn focus: Fat Face
A year ago, the young fashion chain looked burnt out. Now it looks ready to venture overseas
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NewsTesco’s Price Drop hits other grocers
Tesco’s share price rose in the week that it launched its Big Price Drop, but the move hit the value of its food retail rivals.
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NewsLeighton: ‘Cut VAT now’
Former Asda boss Allan Leighton has called on the Government to reverse the VAT rise to stimulate activity in the economy.
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NewsHolland & Barrett rolls out loyalty card scheme
Health and beauty retailer Holland & Barrett has this week rolled out its loyalty scheme nationwide, which it hopes will increase basket size and customer frequency.
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NewsTesco rolls out online shopping to Poland and the Czech Republic
Tesco is expanding its online operation to the Czech Republic and Poland, with plans to launch a grocery offer in the two countries by the end of next year.
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NewsSales climb at Theo Fennell
Jeweller Theo Fennell has posted a 9% sales rise for a six-month period but remains cautious ahead of the peak trading period.
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Pick n Pay to withdraw from Australian market
South Africa-based grocer Pick n Pay is finally withdrawing from the Australian market. The news comes more than a year after the retailer’s original announcement in July 2010 that it was planning to sell its Franklins supermarket chain to Metcash to focus on growth in Sub-Saharan Africa. Metcash has notified ...
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ITM announces sales growth
ITM, the operator of Intermarché grocery formats, has announced sales grew by 6.3% including petrol for the first half of 2011. The retailer’s hypermarket division saw sales rise 3% while supermarkets sales increased by 2.7% for those selling non-food, and by 1.9% for those selling food only. For the convenience ...
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Inditex announces net profit rise
Inditex has announced that net profit rose 14% in the first half of this year as the retailer continued its rapid international expansion away from its home market.In the first half of the year, the retailer opened stores in Australia and over the next few months Zara will open its ...
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NewsHobbyCraft to throw in-store kids' birthday parties
HobbyCraft is aiming to create more in-store theatre and make its shops local community hubs as it aims to attract a wider audience.