All News articles – Page 1434
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NewsRiots calculated to have cost retailers £80m in lost sales
The mayhem caused by rioters has so far cost retailers £80m in lost sales, equating to £2.5m per working hour, as stores shut early and shoppers avoided trouble-spots.
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NewsSainsburys names Mark Horgan as marketing director
Supermarket group Sainsbury’s has named MasterCard executive Mark Horgan as marketing director.
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Department store operator Falabella reports net profit increase
The country’s largest department store operator Falabella reported its second-quarter net profit up 13.7% to CLP108.7bn (£141.6m) on the back of robust domestic demand throughout South America.Falabella’s regional expansion plans paid off as stores in Chile, Colombia and Peru also boosted the retailer’s bottom line.Sales soared 13.3% year-on-year to CLP1.25trn ...
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NewsRetail Trust launches campaign to help riot-affected shopkeepers
The Retail Trust has launched a campaign to raise funds for staff and shopkeepers affected by the riots ravaging the UK.
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AS Watson reports total revenue rise
AS Watson reported total revenue rose 17% to HK$67.23bn (£5.28bn) in the first half to June 30. The health and beauty, and grocery retailer reported EBIT increased 25% to HK$3.55bn ($456m), which the company attributed to the management’s strong commitment to improving operating efficiencies, reducing inventory levels, increasing centralised purchasing ...
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X5 Retail Group introduces new convenience store format.
X5 Retail Group has introduced a new concept of its Perekrestok Express convenience store format.The new stores have a smaller sales area, ranging from between 755 sq ft and 2,155 sq ft, and the product range includes ready meals, convenience food and fresh bakery products. X5 plans to introduce a ...
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Delhaize Group reports second-quarter sales increase
Delhaize Group has reported second-quarter sales reached E5.1bn (£4.4bn), corresponding to an increase of 4.2% at actual exchange rates compared with the same period in 2010. Net profit rose 1.9% to E117m (£101.7m) while operating profit decreased by 7.8% to E209m (£181.6m).Delhaize Group plans a net addition of 115 to ...
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Metro Group posts first half results
Metro Group has posted results for its first half, showing that sales rose by 0.1% to E31.3bn (£27.1m) compared with the previous year. In local currency, sales grew by 0.2%. Net profit for the period, before special items, reached E83m (£72m) compared with E127m (£110.2m) in 2010.Sales in the international ...
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Neiman Marcus announces impressive preliminary results
Upmarket department store chain Neiman Marcus has announced impressive preliminary results for its fourth quarter and full year for 2011. Net sales at the retailer rocketed 11.3% in the fourth quarter to $920m (£564.4m). In the same period, Neiman Marcus Direct revenues were 11% above last year.Like-for-like sales for the ...
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NewsOne in ten UK businesses impacted by riots
Over 10% of the UK’s retail and leisure businesses have been directly impacted by riots and looting with 48,404 businesses impacted.
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NewsTwo further TJ Hughes stores saved by Lewis Home Retail
Two more TJ Hughes stores have been bought out of administration by Lewis’ Home Retail.
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NewsJD estimates riot damage will be £10m
JD Sports Fashion has estimated the financial impact of the riots to be more than £10m for the retailer.
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NewsTesco "disheartened and disturbed" at OFT's decision on price fixing
UPDATED: Tesco has strongly rebuffed the decision made by the Office of Fair Trading that it, along with other supermarkets, price fixed on dairy products.
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NewsHilco still in the running for control of Comet
Restructuring specialist Hilco is reportedly still in the running as a bidder for electricals retailer Comet.
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NewsVideo: Retailers hit as riots spread across the UK
Riots hit retailers across the UK last night while London remained largely calm.
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NewsFrench Connection H1 profit in line with expectations
Fashion retailer French Connection said that first half profit will be in line with management expectations.
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NewsBirmingham Jewellery Quarter shuts up shop this afternoon
The Birmingham Jewellery Quarter will shut down in the early afternoon today in a united front to prevent any further damage by rioters.
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NewsBRC tells Home Secretary to deal with "escalating lawlessness" after rioting
Industry body the BRC is to seek “urgent reassurances” from Home Secretary Theresa May that everything possible is being done to address “escalating lawlessness” on the streets of London and other cities after three nights of rioting resulting in the destruction and looting of stores.
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NewsACS urges retailers to make insurance claims as soon as possible
The Association of Convenience Stores (ACS) is urging retailers to make insurance claims as soon as possible after the riots.
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News16,000 police officers to be deployed in London today, says PM
Prime Minister David Cameron has said that the number of police on the streets tonight will be upped to 16,000, compared to the 6,000 officers deployed last night, in anticipation of more rioting across London today.