All News articles – Page 1531
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NewsSecond management buyout could save troubled British Bookshops and Stationers
Collapsed chain British Bookshops and Stationers could be revived under its existing management, which is understood to be attempting a second management buyout within a year.
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NewsHalfords insists slip in bike sales is temporary
Analysts have cut their forecasts on the back of Halfords’ worse-than-expected Christmas trading update.
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NewsThe Hut Group buys collapsed beauty site
Online retailer The Hut Group will hit the acquisition trail again this year in order to maintain strong growth.
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NewsM&S says retailers need to back Hugh’s Fish Fight
Retailers need to introduce customers to species of fish other than established favourites such as cod, haddock and salmon in order to promote sustainability, a Marks & Spencer executive said this week.
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NewsGoldsmiths launches new fascia in bid to attract younger shoppers
Jewellery giant Aurum is to launch a new fascia under its Goldsmiths brand as it seeks to attract a younger, more fashion-conscious customer.
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NewsAsos shifts focus to international sales with new website launches
Fashion etail giant Asos expects overseas sales to overtake its UK division in the next quarter as it plans to launch “a handful” of new international websites over the next 12 to 18 months.
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NewsTesco launches attack on Asda price promise
Tesco has squared up to Asda by taking out double-page spreads in several national newspapers this week, challenging Asda’s claim to be 10% cheaper than its rivals.
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NewsBurberry’s sales rocket at retail and wholesale arms
Burberry’s sales soared 27% to £470m in the three months to December 31, when the upscale fashion group’s retail and wholesale arms both achieved double-digit growth.
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NewsArgos promotes social media in new big book
Catalogue store group Argos is to more closely integrate its famous big book with social media such as Facebook and Twitter as its multichannel business grows.
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Massmart H2 sales increase 13.3% to £2.5bn
Massmart - the company in which Walmart intends to take a 51% stake before the end of March this year - has announced its preliminary financial results for the six months to the end of December, 2010.Sales increased 13.3% to R27.5bn (£2.5bn). Like-for-like sales jumped 7.3%. The Mass discounters division ...
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NewsKitbag sales soar with record Christmas
Sports retailer Kitbag had a record Christmas with December’s sales up 19.3% to £10.5m.
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NewsFlying Brands ups its stake in Dealtastic
Home shopping group Flying Brands has acquired a further 30% stake in discounting website Dealtastic.
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Aeon to expand My Basket neighbourhood stores to 1,000 shops by 2013
Retail giant Aeon plans to expand the number of My Basket neighbourhood stores to about 1,000 shops by 2013. Most stores are expected to open in Tokyo.My Basket was launched in December 2005 and, although the average size of 1,615 sq ft is only slightly larger than typical convenience stores, ...
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Best Denki sales increase 0.8% to £1.9bn
Sales at consumer electronics retailer Best Denki increased 0.8% to ¥253.3bn (£1.9bn) in the nine months ended November 30, 2010.Operating profit was ¥4.8bn (£36.5m) compared with an operating loss of ¥3.8bn (£26m) in the same period the previous year. Net profit was ¥896m (£6.5m) compared with a net loss of ...
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Ikea profit rises 6.1% to £2.3bn
Ikea has reported that net profit for the year ended August 30, 2010 rose 6.1% to €2.69bn (£2.3bn). Sales soared 7.7% to €23.1bn (£19.3bn).Ikea said sales grew in almost all countries but highlighted China, Russia and Portugal as showing the strongest increases. Ikea group president and chief executive Mikael Ohlsson ...
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Gap's Athleta opens store in San Francisco
Gap’s Athleta brand, which was until now only available through Gap’s online platform, has opened its first retail location in San Francisco.The store offers Athleta’s collection of women’s active lifestyle apparel for yoga, running, swimming, the gym, hiking and skiing alongside other sportswear. Custom-made mannequins moulded from the body of ...
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Falabella to invest £2.3bn to open 215 new stores and 16 new shopping centres
Department store and DIY retailer Falabella is accelerating its growth plans and now aims to invest $3.51bn (£2.3bn) between 2011 and 2015 to open 215 new stores and 16 new shopping centres.The retailer, which opened 27 new stores and three new shopping centres last year, previously expected to invest $2.57bn ...
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Ahold to open first store in Belgium
Dutch grocery retailer Ahold is going to open its first store in Belgium in March.The store in Brasschaat, located north of Antwerp and less than 10 kilometres from the Dutch border, will be franchise-owned by Nathalie and Marco Van Ende and supplied by the existing Albert Heijn warehouse in Tilburg, ...
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Carrefour considers JV with Future Group in India
French retailer Carrefour may announce plans for a joint venture with Future Group in India soon, as chief executive Lars Olofsson is expected to visit India later this month or early February.The retailer is known to be in talks with India’s largest retailer Future Group, and has reportedly arrived at ...