All News articles – Page 1420
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NewsSports Direct shareholders vote in favour of controversial Ashley property deal
Sports Direct shareholders have voted in favour of a controversial deal which will see founder, and majority shareholder, Mike Ashley receive £86.8m from the company for 32 properties which he owns.
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NewsFranchises to guide Thorntons’ future
Thorntons wants to maintain a presence in locations where it shuts its company-owned stores via franchise partnerships.
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NewsWickes sets up advice website for tradesmen
DIY retailer Wickes has launched an online advice hub for tradesmen to help improve their business skills and drive its sales.
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NewsMultichannel is trumping pure-plays, says Browett
Big electricals brands are increasingly offering multichannel retailers preferential terms over pure-play etailers, Dixons boss John Browett has revealed.
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NewsSports Direct conducts strategic review for new lifestyle division
Sports Direct is carrying out a strategic review of its new acquisitions, USC and Cruise, and will unveil its plans for its newly established premium lifestyle division in December.
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NewsLaura Ashley half year profits soar 28%
Laura Ashley half year profits surged 28% making the retailer confident about prospects despite the punishing trading environment.
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NewsSales slide at Argos
Argos suffered another big sales decline in its second quarter, but the retailer is confident that consumers will spend this Christmas.
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NewsMorrisons profits up 8%
Morrisons has reported an 8% rise in underlying profit in its interim results to £442m but warned the trading environment would continue to be challenging.
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NewsMorrisons hires Apple director to lead online food launch
Morrisons has hired a digital heavy-hitter from Apple to lead its online food launch as it takes its next steps into etailing.
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Pick n Pay to invest in Sub-Saharan operations
Grocery retailer Pick n Pay has confirmed it will use the Aus$215m (£141m) generated from the sale of Franklins in Australia to invest in its Sub-Saharan operations. The retailer will focus on growth, customer loyalty and improved distribution. The confirmation comes two months after Walmart’s entry into South Africa, which ...
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Reliance Footprint plans store expansion
Reliance Footprint is planning to double its number of footwear stores in the next six months. The company’s chief executive Gopalakrishnan Sankar said: “We are present in 37 cities across 15 states and want to expand our business to Tier II cities in the coming years. The company has taken ...
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NewsSuperdrug launches loyalty card roadshow
Superdrug is following in the footsteps of Cliff Richard and spending its summer aboard a London Routemaster.
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Joint venture between Woolworths and Lowe’s opens
Woolworths and US DIY retailer Lowe’s have opened their first store in Melbourne, Australia. The joint venture is a 145,315 sq ft hardware warehouse, and is the result of three years of planning. The store represents Lowe’s first foray outside North America and is the first joint venture of this ...
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NewsShop vacancy rates stabilise at 14.5% in 2011
Shop vacancy rates stabilised in 2011 but the gap between the best and worst performing towns widened.
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NewsB&Q hires from within as it makes two board appointments
B&Q has made two board appointments as director of store operations Damian McGloughlin is promoted to operations director and trade director Ian Herrett moves into the newly-created role of business development manager.
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NewsJessops confident as it posts full-year figures
Cameras specialist Jessops posted a gross profit of £87.7m last year and is confident of renewal of banking facilities in November.
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Auchan posts consolidated revenue increase
Auchan has posted a 5.8% increase in consolidated revenue, excluding fuel, to E21.2bn (£18.6bn) for the first half of 2011. Like-for-like sales were up 1.3%. Revenue trends varied, however, by country. In France Auchan delivered a revenue increase of 3.3%. Sales from the retailer’s other Western European markets fell 0.8%. ...
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Intermarché launches new marketing campaign
Independent grocery chain Intermarché has launched a marketing campaign that offers to refund the price difference on 250 brands if customers find them cheaper at rival stores. The campaign began at the end of August in time for the back-to-school and back-to-work period in France, and will run for a ...
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Canadian Blockbuster closes its remaining stores
Blockbuster in Canada, which went into receivership in May, is to shut down all its remaining stores after failing to find a suitable purchaser. This follows the disposal of 140 stores earlier in the year. Blockbuster is now winding down the video store’s operations and closing the remaining 253 stores.
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NewsBooths refinances for store expansion
North-west grocer Booths has refinanced its £56m debt facility and extended its credit by a further £37m to support expansion.