All News articles – Page 1426
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NewsHome Retail shares dip as broker sounds alarm
Shares in Argos-owner Home Retail took a hit as broker Seymour Pierce switched its stance from hold to sell and argued a restructuring of the catalogue store business was likely.
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NewsTesco opens virtual store in South Korea
Tesco Homeplus in South Korea has opened what it claims is the world’s first virtual store in Seoul subway, following an initial trial in July.
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NewsSignet UK profit tumbles in second quarter
US jewellery giant Signet’s UK division saw second quarter net operating income plummet 40% to $2.8m (£1.7m) in a “challenging market”.
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Mid-Counties Co-op sells 41 c-stores
Mid-Counties Co-op has sold 41 of its News Express shops around the region to locally based operation Dave’s Discount Stores.
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NewsCountrywide seeks acquisitions as sales rise
Rural specialist Countrywide is on the look-out for acquisitions after maintaining retail profitability and increasing sales last year.
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NewsRemaining TJ Hughes stores to be shuttered
The last remaining TJ Hughes stores still trading are to be shuttered, with closing down Sales commencing immediately.
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NewsCBI reports fall in August retail sales volumes
Retail sales volumes fell year-on-year in August at the fastest pace for more than a year
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NewsFloors 2 Go collapses into administration
Specialist retailer Floors 2 Go has been put into administration and part of the business has been bought by a new company.
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NewsCo-op profits and sales hit by tough climate
The Co-operative Group has suffered a fall in first-half profits and sales in retail conditions described by chief executive Peter Marks as “the worst I have seen in over 40 years”.
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NewsTopps warns on profits as shattered consumer confidence takes toll
Topps Tiles has issued a profit warning after a steep trading downturn in recent weeks.
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NewsSubscription site Stylist Pick to relaunch
Online accessories specialist Stylist Pick is to relaunch its site and push the button on a TV advertising campaign this autumn.
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NewsFunky Pigeon trial stores open
WHSmith has opened its first three Funky Pigeon shops, selling stationery and greetings cards.
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NewsStrong value proposition drives full-year profit at Fragrance Shop
The Fragrance Shop has reported that operating profit rose by 37.8% in its full year, driven by its strong value proposition.
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Dollar Tree reports second quarter results
Discount chain Dollar Tree has reported its results for the second quarter ended July 30. Consolidated net sales increased 11.9% to $1.54bn (£935m) compared with the previous year, while like-for-like sales increased 4.7%. Based on estimated comparable sales growth, Dollar Tree anticipated third quarter sales to range between $1.56bn (£947m) ...
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Carrefour not looking to sell Brazil unit
International grocery chain Carrefour is not looking to sell its Brazil unit, Carrefour chief executive Lars Olofsson said. “Carrefour in Brazil is not for sale. I’m not talking with Walmart,” Olofsson said.Last week, French newspaper La Tribune reported that Walmart had hired financial services company UBS to advise on a ...
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NewsGoldsmiths launches new boutique format
Jeweller Goldsmiths launches its new boutique format in Stratford City in September featuring jewellery vending machines and a ‘chill-out zone’.
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Ahold sells its ICA Maxi hypermarkets and superstores
The board of Ahold’s Norwegian ICA operations has decided to sell its ICA Maxi hypermarkets and superstores. The retailer plans to concentrate its Norwegian operations on discount store chain Rimi and the ICA Supermarket concept. This means ICA Norway will initiate a sales process for the company’s ICA Maxi stores. ...
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NewsHMV ads to highlight technology offer
HMV will be launching a new advertising campaign this weekend to push its technology credentials for the first time.
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NewsJohn Lewis revamps electronics, home and menswear departments
John Lewis is revamping its electronics, home and menswear departments.