All News articles – Page 1505
-
NewsCarpetright shuts Ireland stores after steep sales fall
Carpetright has become the second high-profile UK retailer to close stores in Ireland over the past two weeks as retail sales continue to plummet in the country.
-
News
Dairy Farm sales rocket 13.2% to £5.6bn
Dairy Farm experienced a solid 2010 fiscal year as “favourable trading conditions persisted in its Asian markets”.For the year ended December 31, 2010 total sales, including those from associates, rocketed 13.2% to $9.1bn (£5.6bn). Net profit jumped 12.9% to $411m (£253m).Dairy Farm continued to expand organically and through acquisitions in ...
-
News
Toys R Us Q4 net income plummets more than 10%
Toys R Us has reported that, despite stronger sales, net income during the fourth quarter dropped more than 10%, which the retailer attributed to a rise in income taxes.Net sales increased 2% to $6bn (£3.7bn), helped by new store locations including Toys R Us Express stores and comparable net sales ...
-
News
KF Gruppen sales drop 1.5% to £3.5bn
Supermarket group KF Gruppen reported consolidated net sales of SEK36.66bn (£3.5bn) for the financial year ended December 31 2010, a 1.5% decrease on fiscal 2009.Operating profit fell from SEK816m (£79m) to SEK628m (£60.8m). Net profit amounted to SEK112m (£10.8m), compared with SEK224m (£21.6m) in 2009.
-
NewsH&T Pawnbroker retail like-for-likes flat but overall profits surge
H&T Pawnbroker reported flat retail like-for-likes for the 2010 calendar year but overall profit before tax soared by 38%.
-
NewsSainsbury's appoints Geraldine Higgins to clothing team
Sainsbury’s has appointed former Matalan and Miss Etam buyer Geraldine Higgins to be its new head of buying for womenswear.
-
NewsGap to close stores and become more trend-led
Casualwear giant Gap is to close 200 of its 900 stores worldwide by 2013, and has admitted it has not invested heavily enough into attracting ethnic minority customers in the US.
-
NewsCoach drives into UK market
Luxury US accessories brand Coach is to open its first UK store on Friday in west London’s Westfield shopping centre.
-
NewsFlying Brands profits fall but sales nudge ahead
Multichannel retailer Flying Brands has reported a fall in group pre-tax profit but sales nudged ahead.
-
NewsHome Retail lowers forecasts after dip in sales at Argos
Home Retail Group has lowered its year end forecast after Argos reported a dip in sales and trading conditions were more volatile than it expected.
-
NewsMorrisons profits up and takes 10% stake in US online grocer
Morrisons has reported a rise in annual profits and taken a 10% stake in US online grocer FreshDirect to help it build its online food offer in the UK.
-
NewsThe Sting on the hunt for more UK stores
The Sting is hunting for more stores following its UK debut last summer.
-
NewsEx-Sainsbury’s head of clothing joins M&S
Former Sainsbury’s head of clothing Sara Bradley is to join Marks & Spencer as head of buying for M&S Brands within the womenswear team.
-
NewsDixons begins in-store roll-out of Knowhow
Electricals group Dixons Retail has begun the in-store roll-out of its Knowhow service and advice brand, which is replacing the old TechGuys clinics.
-
NewsHMV to hold official UK launch of Nintendo 3DS
HMV has partnered with Nintendo to launch its new 3DS console in the UK.
-
NewsImage gallery: Kiddicare
Retail Week takes a tour around Kiddicare’s giant Peterborough showroom and demonstrates its kiosk technology.
-
NewsAsda given go-ahead from OFT for Netto conversions
Asda’s acquisition of Netto has been cleared by the Office of Fair Trading and will not be referred to the Competition Commission.
-
NewsCarpetright closes Irish stores as sales plummet by more than 50%
Carpetright will close seven of its 25 stores in the Republic of Ireland as sales plummet by more than 50% over the past three years.
-
NewsJohn Lewis Partnership profits up 20%
The John Lewis Partnership has reported profit before partnership bonus and tax up 20% to £367.9m, with staff receiving a bonus of 18% of salary.
-
NewsFood inflation stabilises
Food inflation has stabilised following sharp increases, as grocers gear up promotions.