All News articles – Page 1457
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News
Walmart to partner with "kirana"
Walmart has indicated its willingness to partner with ‘kirana’ or traditional mom and pop stores in India
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NewsJohn Lewis weekly sales rise almost 8%
Department store chain John Lewis enjoyed its best trading of the half-year so far last week, when sales rose 8.6% to £57m.
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NewsEdinburgh Woollen Mill 'enters race for Jane Norman'
Edinburgh Woollen Mill has entered the race to buy womenswear chain Jane Norman, according to reports in two of this morning’s papers.
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NewsRepublic rethinks store target as online picks up
Fashion chain Republic has revised its long-term store growth target in response to the “changing nature of the customer” that now flocks to the internet to buy clothes.
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NewsJohn Lewis hoists Westfield Stratford sign
John Lewis unwrapped and hoisted the sign for its Westfield Stratford City store this week.
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NewsTesco needs to ‘explain’ UK strategy
Tesco was scheduled to host analysts on a trip to eastern Europe at the time of publication, but broker MF Global warned that the grocer should devote more time to telling the City how it will fix the UK business.
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NewsWHSmith earnings ‘not threatened by e-books’
Fears about the impact of the growing popularity of e-books on bookseller and stationer WHSmith are overplayed and the retailer is undervalued, according to broker Oriel Securities.
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News
US Supreme Court throws out major suit
The US Supreme Court has thrown out a major employment discrimination class-action suit against Walmart that sought billions of dollars on behalf of about 1.5 million female workers. It signalled it wanted job bias disputes handled in the workplace and not the courts. The court did not decide whether Walmart ...
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News
Pick n Pay to face competition from Walmart
Pick n Pay chairman Gareth Ackerman has said the grocery retailer is ready to face competition from Walmart once it enters South Africa. “We have modified our business to deal with the challenges,” he said.After exiting Australia, Ackerman confirmed that Pick n Pay will now focus expansion exclusively on markets ...
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News
Maruzen CHI Holdings records loss
Bookstore operator Maruzen CHI Holdings recorded a loss for the first quarter ended April 30, in the aftermath of the recent Japanese disasters.The retailer said that although book sales were strong during the period, overall financial performance was affected by the Tohoku earthquake.The company recorded a net loss of ¥439m ...
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News‘No silver bullet’ for Comet
Electricals retailer to press ahead with turnaround strategy as options for business are considered
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NewsMoss Bros sells Gee but sticks with Savoy
Menswear group Moss Bros insists it will remain committed to its formal menswear chain Savoy Taylors Guild after disposing of its Cecil Gee chain for £1.7m to JD Sports Fashion.
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NewsInvestors should drop idea of UK Retail plc, says analyst
Investors should abandon the idea of ‘UK Retail plc’, a label which has outlived its usefulness, Peel Hunt analyst John Stevenson has argued.
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NewsChief leaves Land Securities retail venture as ambitions scaled back
Land Securities has parted company with the head of its Brand Empire venture, designed to help new retailers open in the UK, and dissolved an agreement to open stores with one of its partners.
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NewsDeveloping markets key as Tesco aims to deliver further growth
Tesco is aiming to double its returns from the developing markets it operates in by opening smaller shops and focusing on store environment, online and supply chain efficiencies.
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NewsFate of Life & Style lies in hands of administrators
The administrators of bust homewares and fashion retailer Life & Style, born out of the ashes of Ethel Austin, will decide on Monday whether to sell it as a going concern or liquidate it, it is understood.
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NewsVast contrast typifies results across retail
Food and general retailers alike lagged a flattish market as updates and sector data showed sharply divergent performances from store groups.
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NewsIn focus: Monsoon Accessorize
Monsoon Accessorize faces more issues than most retailers, many assessed in Retail Week Knowledge Bank’s update of Peter Simon’s international womenswear and accessories chain.