All News articles – Page 1432
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NewsFortnum owner gives £58m to charity
Fortnum & Mason’s owners have given £58m to charity after a blow-out year.
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NewsGame strikes digital deal with Sony
Game has struck a partnership with Sony Computer Entertainment Europe (SCEE) to sell digital games in the retailer’s stores across Europe.
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NewsLombok bought out of pre-pack administration
Furniture retailer Lombok has been bought out of pre-pack administration by its management for the second time in two years.
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Grocer Publix reported sales increase
Grocer Publix reported sales rose 5.8% in the second quarter, up to $6.6bn (£4bn), and like-for-like sales up 4.2%. Net earnings rose 9.7% from the previous year to $382.4m (£233.9m).Chief executive Ed Crenshaw said: “I’m proud our good operating performance resulted in another increase in our stock price.I congratulate our ...
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Pharmacy retailer CVS reports group net revenue increase
Pharmacy retailer CVS has reported group net revenues for the second quarter ended June 30 increased 10.8% to $26.6bn (£16.3bn).Revenues in the pharmacy services and retail pharmacy segments rocketed 23.2% to $14.6bn (£8.9bn) and 3.6% to $14.8bn (£9bn), respectively. Like-for-like sales increased 2% with pharmacy and front store like-for-likes up ...
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Discounter Big Lots reveals revenue fall
Discounter Big Lots has revealed that its second-quarter revenue for stores open at least two years fell 1.5% compared with the prior year. Total for the period rose 1.8% to $1.15bn (£703.4m) not including the acquisition of Liquidation World, made by the retailer last month. Big Lots chief executive Steve ...
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Lagardère Services announces strategic partnership with Fnac
Lagardère Services has announced a strategic partnership with PPR-owned Fnac to develop a network of small stores (less than 3,770 sq ft) at train stations and airports across France and Spain. Lagardère Services will provide Fnac with its expertise in operating travel retail stores while Fnac will deliver its product ...
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NewsIdeal World to launch customer rewards programme
Ideal Shopping Direct is to launch a customer rewards programme for its Ideal World brand.
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NewsDixons offers £50,000 reward for looter information
Electricals group Dixons has created a £50,000 reward fund for information leading to the arrest of looters following widespread rioting this week.
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NewsVIDEO: London riots - Peckham people stop store from burning
The riots of the last few days have shown Britain at its best as well as worst.
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NewsRetail Trust pledges £50k to riot-hit retailers
Retail Trust will donate £50,000 to support retailers affected by this week’s widespread rioting and looting, as part of a campaign the charity has launched on Twitter called #highstreetheroes.
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NewsMorrisons appoints Credit Suisse as it mulls Iceland bid
Morrisons has appointed Credit Suisse as its investment banking advisor as the retailer mulls bidding for Iceland.
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NewsKurt Geiger to revamp website as it opens new format store
Premium footwear business Kurt Geiger is to relaunch its website later this month as it opens a new format store in Mayfair.
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NewsInvestigation into sports retail market to close, says OFT
The Office of Fair Trading had provisionally decided to close its investigation into alleged anti-competitive conduct in the sports retail sector.
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NewsWeekly sales slip at John Lewis
Sales at John Lewis department stores slipped 1.4% last week to £51.8m as warm weather and the peak holiday period took a toll. Excluding VAT the decline was 3.3%.
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NewsManchester open for trade
In a display of defiance to the looters and arsonists who only a night before had wreaked havoc in the city, Manchester retailers were open for trading the following day.
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NewsResilient retail stocks flagged up as stock markets plunge
Plunging stock markets have created buying opportunities among retailers and prompted brokers to seek out resilient stocks.
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NewsFindel turnaround gathers steam with sales rise
Home shopping group Findel reported an encouraging start to its turnaround as group sales rose 1.1% year-on-year.
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NewsFashion Rocks to open at Westfield
Young fashion retailer Fashion Rocks is to open at Westfield Stratford City this September.