All News articles – Page 1540
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News
Netflix on the look-out for new international markets after success in Canada
Online streaming site Netflix said it was pleased with the results of its recent market entry into Canada and was looking at new international markets for 2011. Spokesman Steve Swasey declined to reveal how many subscribers had signed up in Canada, but said: “After a short period in Canada we’re ...
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Target pinpoints 10 locations for small-format stores
Get the knowledgeSubscribers have exclusive access to Retail Week Knowledge Bank. Find out what you’re missing now.Discount variety retailer Target has pinpointed 10 locations where it will open its smaller-format store concept. The list is composed of urban areas with densely populated central business districts and includes San Francisco, Seattle, ...
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Sears to launch movie download service
Department store group Sears has unveiled plans to launch a movie download service at its eponymous and Kmart stores. The service, called Alphaline Entertainment, would be available to users on a variety of devices, including mobile, and will offer customers the ability to download movies and TV shows the same ...
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Emart aims for £557m in turnover and to expand stores by 40% annually
Electronics retailer Emart is targeting turnover of 4,000 crore (£557m) in the next three to four years and will expand its store count by about 40% annually. Sunil Mehta, chief executive of Emart’s electronics business Next Retail, said that the chain expected to reach 1,000 stores by the end of ...
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Christmas sales increases for retailers in India
Retailers have reported strong increases in sales over the Christmas weekend, as rising confidence levels in a fast-recovering economy encouraged shoppers to spend more. Future Group’s department store Pantaloons reported a 30% increase in sales over last year and a 20% rise in footfall. Top selling items included partywear, formalwear, ...
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J Front Retailing revenue falls 3.1% to £5.4bn
Revenues at department store group J Front Retailing fell by 3.1% to ¥687.8bn (£5.4bn) in the nine months ending November 30, 2010. Operating profit increased by 3.5% to ¥9.3bn (£73.2m) while net profit doubled to ¥4.8bn (£37.8m).
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NewsArnotts reverses sales and EBITDA declines
Troubled Dublin department store Arnotts said that it expected sales to have bounced back in 2010 after a dramatic fall off in turnover the previous year.
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NewsMajestic Wine reports strong Christmas
Majestic Wine has reported strong Christmas with like-for-like UK sales for the nine weeks to January 3 up 3.7%.
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NewsClinton Cards warns on profits
Clinton Cards has warned its pre-tax profits will be “significantly lower” than market expectations after the snow hit its December sales.
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NewsMothercare issues profit warning
Mothercare has warned its profits will be below expectations after the snow impacted its third quarter like-for-likes by around 4%.
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NewsAsda vows to be 10% cheaper than its rivals
Asda has thrown down the gauntlet to its rivals promising its customers that it will be 10% cheaper than its competitors.
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DCM Holdings revenue falls 2% to £2.5bn
Home improvement retailer DCM Holdings reported a 2% fall in revenues to ¥320.8bn (£2.5bn) in the nine months ending November 30, 2010. Operating profit was up by 3.8% to ¥11.8bn (£93m), while net profit was up by almost a quarter to ¥6.5bn (£51m).
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Rossmann to open 110 stores in Germany in 2011
Drugstore business Rossmann plans to open 110 stores in Germany in 2011. The retailer has earmarked E92m (£79.2m) for investment in the country, out of a total E150m (£129.2m) which will be invested across the business during 2011.Rossmann generated group revenue of E63bn (£54.bn) in 2010, a 12.9% rise over ...
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NewsShop Direct to launch new brand targeting mature market
Online giant Shop Direct Group is launching an online department store on Saturday aimed at style-conscious mature customers.
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NewsRough Trade festive sales up 5%
Iconic music retailer Rough Trade has revealed a strong Christmas performance and remains confident for 2011.
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NewsJohn Lewis reports "outstanding" Christmas and Clearance Sales
John Lewis has reported like-for-like sales up 7.6% over Christmas in the five weeks to January 1.
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NewsSnow hits Next's Christmas sales but profits will meet expectations
Fashion retailer Next revealed it lost £22m in full-price sales because of snow in the run-up to Christmas but it remains on track to increase profits by between 7% and 10% this year.
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NewsHMV to shut 60 stores as it issues profit warning
HMV has outlined plans to shut 60 of its HMV and Waterstone’s stores in the next 12 months as sales have continued to fall over the Christmas trading period and the retailer warned on profits.
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NewsWaitrose new year like-for-likes up 5.9%
Waitrose reported like-for-like sales up 5.9% on the five days between Christmas and up to December 31, driven by New Year’s Eve party products including Champagne and party food.