All News articles – Page 1519
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News
Deichmann sales climb 12.5% to £3.37bn
Shoe retail specialist Deichmann Group experienced a sales climb of 12.5% during the 2010 financial year, reaching E3.93bn (£3.37bn).The retailer said this was the biggest growth rate for 20 years. At Deichmann’s various banners in Germany sales were up 8%, or 4.8% on a like-for-like basis.
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News
Bharti Walmart to open 12 new Best Price Modern Wholesale stores by March 2012
Walmart’s Indian joint venture operation Bharti Walmart is planning to open 12 new Best Price Modern Wholesale stores by March 2012, in a move away from its cautious expansion strategy.The group expects to ramp up the rate of expansion and open “more than 12” stores in 2013.Managing director and chief ...
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News
Yamada Denki sales soar 11.5% to £12.2bn
Consumer electronics retailer Yamada Denki said sales soared 11.5% to¥1.66trn (£12.2bn) in the nine months to December 31.Operating profit increased by 77.7% to ¥97.6bn (£720m), while net profit rocketed 75.6% to ¥61.9bn (£456m).
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NewsMy-Wardrobe.com to relaunch in push for £100m sales target
Fashion etailer My-Wardrobe is to relaunch its website at the end of the month in a bid to give a clearer idea of its offer.
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News
CVS revenues up 3.1% to £9.6bn
Pharmacy retailer CVS has reported revenues in its retail drugstore segment up by 3.1% to $14.9bn (£9.6bn) in its fourth quarter to December 31, as like-for-like sales rose 1.7%.The retailer’s pharmacy benefit management arm, however, experienced a revenue decline of 9.7% due to the termination of several large client contracts.President ...
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News
Blockbuster to add 3,000 Express DVD rental kiosks this year
Blockbuster is planning to add 3,000 Express DVD rental kiosks during 2011, despite closing stores and filing for Chapter 11 bankruptcy protection.Blockbuster Express owner NCR estimates that it will generate about $200m (£130m) in revenue in a single year from its kiosks and says it plans to reposition kiosks that ...
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NewsBlacks Leisure chief executive Neil Gillis resigns
Blacks Leisure chief executive Neil Gillis is to resign from the retailer.
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NewsJaeger to expand into Russia
Premium fashion retailer Jaeger is to enter the Russian market with two Jaeger London stores.
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NewsClothes prices may rise 14% this autumn
Clothing prices are forecast to climb by up to 14% in the second half of this year this year.
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NewsFonehouse hunts new stores as old ones are refitted
Mobile phone retailer Fonehouse is ramping up the roll-out of its new store format as it plans to triple its store count by early next year.
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NewsJack Wills to expand further overseas
Preppy fashion retailer Jack Wills is to expand further internationally, with the US, Europe and the Far East in its sights.
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NewsMary Portas: retailers get to answer back
Retailers have the chance to respond to criticism on Mary Portas’ website, after the television retail guru launched a “retailer response tool” on its Secret Shopper forum.
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NewsCo-op revamps stock management system
Grocer Co-operative Group is set to improve its product availability as it rolls out a central stock management system it inherited from Somerfield.
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NewsNet-a-Porter launches online TV station
Online fashion retailer Net-a-Porter is to launch its own digital TV station to air on its website.
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NewsEverything Everywhere to test stores under own name
Everything Everywhere, the business formed by the merger of T-mobile and Orange, is to pilot stores under its own name in five locations.
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NewsSainsbury's to source all Fairtrade cotton from supplier in India
Sainsbury’s is to source all of its Fairtrade cotton from a co-operative supplier in Gujarat, India.
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NewsBarratts increases email conversion rates after e-commerce overhaul
Barratts has increased its email conversion rates after an overhaul of its e-commerce strategy.
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NewsTesco completes sale and leaseback of 21 shops
Tesco has completed a sale and leaseback transaction as it continues with its programme to release value from its UK property portfolio.
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NewsSainsbury’s sells Valentine heart-shaped cucumbers
Sainsbury’s is offering shoppers “a whole new way to show your love this Valentine’s Day” with the launch of a heart-shaped cucumber.
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NewsThe Co-op to create 1,700 store management jobs
The Co-operative Group is hiring around 1,700 extra management staff in its food stores over the next five months.