All News articles – Page 1427
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NewsGarden Centre Group buys Country Homes and Gardens
Garden Centre Group has bought 12-store counterpart Country Homes and Gardens for an undisclosed sum.
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NewsDebenhams to preserve Clapham riot boards
Debenhams is to preserve the boards displaying messages of support erected during the riots earlier this month to demonstrate how the British public rallied round during the looting.
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NewsJohn Lewis to launch fashion campaign for autumn 2011
John Lewis is to launch an outdoor and press campaign for its autumn 2011 fashion on September 5.
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News99p Stores to launch in Ireland with €uro 50 Stores format
99p Stores is to launch in Ireland next month adopting a price-capped business model and trading as €uro 50 Stores.
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NewsBusinesses set up further High Street Fund for riot hit retailers
A further nationwide High Street Fund has been set up to help small business affected by the riots that hit England this month.
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NewsPrimark sees scope for 300 store openings in Europe
Value fashion giant Primark sees scope to more than double store numbers as it considers its next phase of overseas expansion.
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NewsWHSmith full year to be in line with expectations
WHSmith said that it expects full year figures to be in line with market expectations.
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NewsTesco's Andrew Higginson to retire
Tesco chief executive of retailing services Andrew Higginson is to retire from the board and executive committee next year.
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Couche-Tard signs agreement to acquire 33 stores
Retailer Couche-Tard has signed an agreement through its Circle K subsidiary to acquire 33 stores in southern Louisiana from ExxonMobil’s On the Run banner. The deal is likely to close in December. Sites will be converted to the Circle K brand while continuing to sell Mobil-branded fuel. Jason Broussard, vice-president ...
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Turkish discount retailer A101 attracts seven bidders
Turkish discount retailer A101 has attracted seven bidders in the first round of an auction to sell off the business. TPG and Permira are among the private equity firms that submitted bids. Credit-Suisse is running the sale process for the business, which has been valued between TRL800m (£271.7m) and TRL1bn ...
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NewsRiots cost retailers 7,500 trading hours as 11,000 staff impacted
More than 11,000 retail staff were impacted by the riots earlier this month and store groups lost more than 7,500 hours of trading.
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Gross sales rIse at Lotte Shopping
Lotte Shopping’s gross sales rose 20.3% to SKW5.5trn (£3.1bn) in its second quarter for 2011. Operating profit rose by 8.1% to SKW437bn (£243.8m) while net profit soared by 17.1% to SKW301bn (£167.9m).For the first six months, gross sales climbed 23.8% to SKW11.2trn (£6.25bn). In terms of sales, the group’s Lotte ...
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7-Eleven expands its network of stores
Seven & I-owned convenience chain 7-Eleven is expanding its network of stores by acquiring 51 ExxonMobil Corp stores in Dallas, Texas. Financial terms of the deal are not available, though the transaction is expected to close towards the year end.Under the conditions of the pending deal, the stores will continue ...
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NewsOcado launches 'shopping wall' at top shopping centre
Online grocer Ocado is to enable shoppers to order goods by scanning from a window display in an experimental venture reminiscent of an innovation tried by Tesco in Korea.
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NewsHMV ramps up technology buying team
HMV has doubled the size of its technology buying team as it expands the category to grow sales.
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NewsPrimark denies transactional website launch
UPDATED: Value fashion giant Primark has denied reports that it is to launch a transactional website.
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NewsM&S launches second phase of sustainable cotton project
Marks & Spencer has launched the second phase of its Better Cotton project designed to help improve the lives of cotton farmers and their families.
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NewsPawnbroker H&T profits up in first half
Pawnbrokers H&T pre-tax profit jumped 7.3% in its first half.
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NewsNo pay rise for SuperGroup's Dunkerton
Directors of fashion retailer SuperGroup, including founder Julian Dunkerton, will not take a pay rise this year
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Isetan Mitsukoshi reports net sales rise
Department store operator Isetan Mitsukoshi reported a net sales rise of 0.2% to ¥289.9bn (£2.31bn) for the first quarter ended June 30. Net profit was ¥16.9bn (£13.5m), compared with a loss of ¥795m (£6.3m) the previous year. The company blamed sluggish sales on low consumer spending after the earthquake in ...