All News articles – Page 1423
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NewsSimply Be to open first bricks-and-mortar store
Home shopping group N Brown is to open its first bricks-and-mortar store for its plus-size brand Simply Be at Liverpool One on September 22.
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Analysts confident the only way is up for retail shares
Analysts believe store stocks are unlikely to crash further, despite big-name retail shares plunging last week, when specialist Topps Tiles also issued a profit warning.
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NewsBig names suffer amid tough trading concerns
Shop stocks were out of favour in the wake of a profit warning from Topps Tiles, with bearish notes on some of the sector’s biggest names and general heebie-jeebies about trading.
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Comet sale decision looms as Kesa prepares for AGM
Kesa chiefs are expected to decide within a few days whether to proceed with a sale of electricals retailer Comet, following the submission of second-round bids today.
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NewsAurum halts sale process until 2012
The sale of jewellery group Aurum has been postponed until the new year as the management team focuses its efforts on the crucial Christmas trading period.
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NewsOFT decision on Amazon's acquisition of Book Depository delayed
The Office of Fair Trading (OFT) has delayed its decision on whether to refer Amazon’s acquisition of rival Book Depository to the Competition Commission.
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Nordstrom to invest £229m in technology
Nordstrom will spend $375m (£229m) or 15% of its planned capital expenditure on improving its technology up to 2016. The money will be primarily used for ecommerce. Chief financial officer Michael Koppel said: “Unlike investments in store expansion, investments to improve ecommerce tend to impact the profit and loss numbers ...
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NewsWalmsley Furnishing bought by SKG Capital
UPDATED: Parts of furniture chain Walmsley Furnishing, which collapsed into administration yesterday, have been acquired by turnaround specialist SKG Capital.
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NewsBurberry switches marketing spend into digital media
Luxury fashion group Burberry now allocates 60% of its marketing budget to digital media – more than three times the average.
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NewsUniqlo launches Twitter competition
Japanese fashion chain Uniqlo has launched a Twitter competition giving eagle-eyed Londoners the chance to win sweaters if they can spot the sheep it has hidden.
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NewsSainsbury’s reignites its graduate scheme to seek out 2020 leaders
Sainsbury’s has relaunched its graduate programme, taking on fewer graduates but with the aim of promoting them more quickly to senior roles.
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NewsCountrywide launches own-brand value offer
Rural specialist Countrywide is to launch a value range to enhance its appeal to shoppers and protect margin during tough trading conditions.
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NewsH&M brand Monki launches in UK
H&M-owned quirky girls brand Monki launches in the UK today with a concession in department store Selfridges’ Oxford Street store.
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NewsHomebase brings its best offer to the table
Homebase has launched a premium homewares brand as part of an overhaul of the DIY retailer’s homewares offering that includes a spring launch of the Habitat brand.
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NewsWhite Stuff pushes ‘community’ retail
Lifestyle fashion retailer White Stuff is launching initiatives such as Swap Shops and Book Clubs as it aims to maintain footfall and make its stores community hubs.
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NewsTesco to sell Japanese stores but stand by Fresh & Easy
Philip Clarke still backing plans to turn American chain around, but Japanese business is up for sale.
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Nakumatt outlines expansion plans
Kenyan market leader Nakumatt has announced plans to expand into wider Sub-Saharan countries within the next five years. Managing director Atul Shah said: “We have now embarked on a feasibility study to facilitate our entry to such countries as Burundi, Zambia, South Sudan, Democratic Republic of Congo, Nigeria, Botswana and ...
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Woolworths predicts tough future
Woolworths has released its full-year financial results and sees tough times ahead despite gains during the year. In the year up to June 26, net sales increased 4.7% including petrol (4.1% excluding petrol) to Aus$54.14bn (£34.62bn). Net profit rose 5.1% to Aus$2.12bn (£1.36bn) up from the previous year’s Aus$2.02bn (£1.29bn).However, ...
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Williams-Sonoma revenue up 5.1%
Home furnishings retailer Williams-Sonoma has reported net revenues up 5.1% to $815m (£498m) for the second quarter ended July 31. Net earnings were up 4.8% to $39m (£24m). The consolidated revenues were driven by a strong comparable brand growth rate, a measure that includes both like-for-like net revenues and total ...
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Gap to open in Vietnam and Guam
Gap has announced plans to open its first stores in Vietnam and Guam through its franchise channel. In Vietnam, the first two Gap stores will open in Ho Chi Minh City this October followed by Hanoi in 2012.Banana Republic will make its debut in late 2012. The first Gap store ...