All News articles – Page 1454
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NewsSchuh to step up UK growth following sale
Footwear retailer Schuh is to accelerate expansion in the UK following the sale of the 59-store business to US-based retail group Genesco for £125m last week.
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NewsIn focus: New Look
Until 2010, New Look was one of fashion retailing’s winners, enjoying double-digit sales growth in five of the previous six years and consistently high operating margins
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NewsDreams grows market share but profits drop
With turnover up to £300m, the beds specialist has grown its market share
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NewsKesa forecasts slashed as costs rise
Anglo-French electricals group Kesa, which last week posted full-year results and confirmed it may sell UK chain Comet, is on broker Shore Capital’s sell list.
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Kroger to concentrate on existing markets
David Dillon, chief executive of US grocer Kroger, has said the retailer will concentrate its efforts on pushing sales at existing stores, rather than seek to enter new markets or make acquisitions. Speaking at the company’s AGM, Dillon said even though several small chains had been snapped up in recent ...
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NewsWorse to come?
More misery expected as retailers collapse and pressure on disposable income mounts
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Metro Group prepares for sale of hypermarket chain Real
Metro Group is said to be preparing for the sale of its hypermarket chain Real, which has been completely refurbished, with underperforming hypermarkets closed and costs reduced. Sale talks with financial investors are currently underway.Nothing concrete is in place yet, as Metro - which is looking to sell the chain ...
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Carrefour increases stakes in China
Carrefour has agreed to increase its majority stakes in three hypermarket operators in China, the retailer said in a statement. Carrefour will buy out Taiwan-based partner President’s 20% holding in Guangzhou and 45% stake in Tianjin Jiafu.It will also increase its holding in Chongqing to 65% from 55%.
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NewsFormer Molton Brown chief exec joins Whittard
Tea specialist Whittard of Chelsea has appointed former Molton Brown chief executive Sara Halton as managing director as the retailer looks to expand.
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NewsNew MD will kick-start Ann Summers rebrand
Ann Summers’ new managing director Vanessa Gold will kick-start a rebrand of the business when she takes the helm at the lingerie and sex toy specialist.
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Rite Aid reports level revenue
Rite Aid has reported revenues of $6.4bn (£4.01bn) for the first quarter ended May 28, unchanged on the figure for last year’s first quarter.Like-for-like sales increased 0.8% as front-end like-for-likes were flat and pharmacy like-for-likes rose 1.1%.Net losses were $63.1m (£39.6bn) compared with last year’s first quarter net loss of ...
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French competition authorities approve Saturn's 34 acquisitiion
The acquisition of Metro Group-controlled Saturn’s 34 Saturn consumer electronics stores in France has been approved by the French competition authorities with conditions. The chain is to be sold to HTM Group, the operator of the Boulanger banner, and is due to take effect today.HTM will take over existing staff, ...
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NewsMamas & Papas aims for 30 more UK stores in five-year expansion
Maternity retailer Mamas & Papas is to focus on expanding domestically and overseas as well as online as part of its a five-year strategy.
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NewsDixons subsidiary to develop Carrefour web offer
Dixons subsidiary Pixmania has signed a deal to develop an online non-food offer for French retail giant Carrefour.
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NewsJane Norman store closure list revealed
The 33 stores that will close as a result of Jane Norman’s administration have been revealed.
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NewsMacy’s begins shipping to UK
US department store chain Macy’s is making a play for the UK as it opens up its website to customers here
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NewsMotorised Dalek tipped as Christmas big-seller
A £200 motorised Dalek is among toy retailer Hamleys’ top tips for Christmas big-sellers this year
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NewsJML to focus on growth through supply division
Retailer and supplier JML is to grow through its supply arm despite a profits jump in home shopping
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NewsConsumer confidence back on the slide
Consumer confidence suffered a setback in June after a big leap in May.
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NewsTJ Hughes in administration: potential buyers circle
Discount department store group TJ Hughes collapsed into administration this morning, Retail Week has learned.