All News articles – Page 1521
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NewsMorrisons sells Valentine Steak for romantics
Morrisons is offering the ultimate gift for romantics this year, a Valentine Steak.
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NewsRetail administrations drop in final quarter of 2010
The number of retailers falling into administration in the last quarter of 2010 fell 39% year-on-year.
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Dixy Group revenue increases 19.4% to £1.4bn
Dixy Group posted a 19.4% increase in its 2010 revenues to RUB64.7bn (£1.4bn).Like-for-like sales grew by 2.8%, boosted by strong like-for-like growth in the Urals, which were up 5.5%.The grocer closed the year with 646 stores, including 623 Dixy supermarkets, 15 Megamart hypermarkets and eight Minimart stores, located in three ...
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NewsSuperGroup buys European franchisee to push international growth
SuperGroup has acquired the leading global franchisee of its Superdry brand CNC Collections BVBA (CNC) to push international expansion.
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H&M sales up 7% to £10.5bn last year
H&M has reported sales excluding VAT were up 7% in the fiscal year ended November 30, up to SEK108.5bn (£10.5bn). Profit after financial items soared 13% to SEK25bn (£2.4bn).For 2011, H&M plans to open about 250 stores, including some in five new markets. The retailer will continue investment in ...
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Impact Retail files for bankruptcy
Consumer electronics specialist Impact Retail has filed for bankruptcy. A note on its website states that an administrator will be appointed by a court, with the aim of examining possibilities for the future of the retailer.All 118 of the retailer’s stores have been “provisionally closed” while ecommerce activities have been ...
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RadioShack chief executive to retire in May
The chairman and chief executive of electronics retailer RadioShack, Julian Day, will retire in May after nearly five years.He will be succeeded as chief executive by current chief financial officer Jim Gooch, who was immediately promoted to president.Day led an overhaul of RadioShack operations that helped streamline the business while ...
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Cumberland Farms opens its first drive-thru store
Cumberland Farms has opened its first drive-thru store, at an existing convenience store in Kingston, Boston.The convenience store retailer said a “wide variety” of the 3,000 items sold at the store were available at the drive-thru window, including groceries and staple goods.The store has been opened on a pilot basis ...
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Netflix Q4 revenue rises 34% to £386m
Netflix has reported a 52% rise in net income to $47.1m (£31m) in the fourth quarter ended December 31, with revenues rocketing 34% to $596m (£386m).During the period the company had a gain of 3 million subscribers, up to a total of 20 million end users. This represents a 63% ...
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Landmark Group opens its first Spar hypermarket in northern India
Dubai-based Landmark Group has opened its first Spar hypermarket in northern India, with the inauguration of a 74,000 sq ft store in Delhi.The opening of the new store at Pacific Mall in west Delhi brings the total number of Spar hypermarkets in India to four.By the end of fiscal 2012 ...
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NewsHMV investor Mamut mulling shake-up of business
HMV shareholder Alexander Mamut, the Russian oligarch who has been building up his stake in the business, has appointed Credit Suisse to advise him on options for the embattled retailer.
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Disney to open first store in China by mid-2012
Disney Stores is planning to open its first store in China by mid-2012.The company said its strategy would be to secure locations in upscale shopping centres and department stores, where it will open Disney Stores similar to those in Europe and North America.Disney Stores did not say how many stores ...
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NewsFrench Connection pre-tax profits expected to soar
French Connection’s full year pre-tax profit is expected to soar as a result of a strong performance in wholesale, licensing and a good control of overheads.
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NewsSnow + Rock appoints Neil McCausland as non-exec chairman
Outdoor specialist Snow + Rock has appointed Neil McCausland as non-executive chairman.
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NewsTakeover talks reflect tough week for stores
Plunging consumer confidence, signs of slowing trading at bellwether department store group John Lewis and a Carpetright profit warning meant general retailers were left on the shelf by investors.
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NewsIn Focus: Edinburgh Woollen Mill
Edinburgh Woollen Mill, whose Retail Week Knowledge Bank profile has been updated, is an example of a maturing retailer that has been evolving against a background of market vagaries. Despite its diversification being questioned, it seems to be paying off.
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NewsH&M relaunches websites to make them easier to use
Fashion giant H&M is to relaunch its global websites in a bid to make them more consumer friendly.
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NewsGrocers slow as discounters return to form
The grocery sector slowed last month in the four weeks to January 23, when the hard discounters returned to form in what was a tough consumer climate.