All News articles – Page 1455
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NewsHMV chiefs outline new vision after awful year
HMV chiefs have reaffirmed their faith in the retailer after a terrible year, and set an operating margin target of between 3% and 4%.
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NewsDebenhams beats high street blues with like-for-likes rise
Department store group Debenhams has confounded harsh high street conditions and expects full year profits to meet expectations.
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Walmart to launch new store format
Walmart is to launch a new store format called Urban 90 in east Toronto in January 2012. Walmart Canada’s president and chief executive David Cheesewright said the initial urban store would be on a 4.5 acre site, roughly half the size of a typical Walmart site. Walmart also announced it ...
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Lawson to expand product range
Convenience store operator Lawson plans to expand the product range sold at its convenience stores and radically reform its business model to resemble that of the Uniqlo clothing chain. Under its new growth strategy, Lawson will increase the number of stores selling fresh produce.While the company has been pushing this ...
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Discounter Lidl plans store expansion
Schwarz Group-owned discounter Lidl has plans to open stores not only in Lithuania’s five biggest cities, but also in every town with more than 20,000 inhabitants. Marius Kybartas, expansion director at Lidl’s Lithuanian subsidiary, said that Lidl is planning to build and open discount stores all over the country, adding ...
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NewsThe Hut drafts in IPO advisers
Online retailer The Hut, which is chaired by former Matalan chief executive Angus Monro and in which Sir Stuart Rose and Sir Terry Leahy are investors, is poised to name advisers ahead of a potential IPO.
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NewsCreator of iconic desert boot Nathan Clark dies
Nathan Clark, original designer of the iconic Clark’s desert boot and great grandson of Clark’s founder James Clark, has passed away aged 94.
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NewsMamut completes Waterstone's deal
Russian tycoon Alexander Mamut has completed the £53m purchase of Waterstone’s.
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NewsConsumers starting to ration as cost of living rises, says Asda
Consumers are suffering from a “toxic mix” of “facts and fear” about household incomes, eurozone debts and rising prices, according to Asda chief finance officer Judith McKenna.
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NewsShop Direct hires new Very boss as Asda suffers another departure
Home shopping group Shop Direct has poached Asda marketing director Jon Owen to lead its flagship brand Very.
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Massmart to focus on integration with Walmart
Massmart has said that it is focused on integration with Walmart now that the deal has been approved, particularly in terms of governance, procurement processes and sharing best practice. Massmart chief executive Grant Pattison said the company is first and foremost putting in place measures to implement the conditions the ...
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Whole Foods Market sets sight on store growth
Whole Foods Market sees the potential to more than triple its number of US stores, co-chief executive Walter Robb has said. Robb feels Whole Foods can grow its domestic store base from about 300 currently to 1,000 in the longer term.In Canada, the retailer is also looking to ramp up ...
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NewsM&S launches earlier summer Sale
Retail bellwether Marks & Spencer launched its seasonal Sale today, a fortnight earlier than last year.
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NewsWaterstone's operations and commercial directors exit
Bookseller Waterstone’s has revealed that commercial director Michael Neil and operations director Roger Childs will be leaving the business with immediate effect.
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NewsEdinburgh Woollen Mill acquires Jane Norman but 33 stores to shut
Edinburgh Woollen Mill has bought the Jane Norman brand and 33 stores from administrator Zolfo Cooper.
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NewsWestfield reveals plans for £1bn White City extension
Consultation on Westfield’s plans for a new £1bn mixed-use quarter directly to the north of the Westfield London shopping centre in White City, west London, has begun.
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NewsEdinburgh Woollen Mill "close" to Jane Norman deal
Edinburgh Woollen Mill is reported to be “close” to a deal for womenswear chain Jane Norman, which went into administration yesterday (June 27).
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NewsDFS beats harsh trading conditions to post profits rise
Sofas specialist DFS has bucked the dismal furniture market trend to post a rise in EBITDA and flat sales in its most recent nine months’ trading.
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NewsThorntons to slash number of company-owned stores
Thorntons plans to close at least 120 stores, and may close a further 60 more, following the completion of its strategic review.
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NewsCarpetright profits slump in the face of weak consumer demand
Floorings giant Carpetright has suffered a 40% plummet in underlying pre tax profit to £16.9m as weak consumer confidence hit the retailer.