All News articles – Page 1545
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News
Walmart is to close office in Moscow
Walmart is to close its office in Moscow. International chief executive Doug McMillon said: “The Russian market is a compelling retail opportunity and we believe that Russian consumers could benefit from Walmart’s value proposition.“Since we have decided to enter the market through acquisition, not greenfield development, and since there is ...
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NewsHarvey Nichols releases viral Christmas video
Harvey Nichols has this week sent out a viral Christmas video sending up fashionistas who use their dogs as the ultimate fashion accessory.
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NewsChristmas on ice
High street could benefit at the expense of out-of-town shops if the bad weather continues
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NewsM&S to open first store in Egypt and third in China
Marks & Spencer took a step forward with international expansion yesterday, when its first store in Egypt and third in China were scheduled to open.
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Ministop to open a convenience store chain in Vietnam
Japanese convenience store operator Ministop is to open a convenience store chain in Vietnam, hoping to tap into potential demand in the market.The company, which is a subsidiary of Japanese retail giant Aeon, said that it signed a basic accord with a unit of Trung Nguyen Holdings of Vietnam to ...
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News
Carrefour to enter India through partnership with Future Group
Future Group is working on plans to join up with French hypermarket chain Carrefour and bring the retailer’s stores to India, The Economic Times reports.Citing ‘sources in the know’, the newspaper says that Future Group chief executive Kishore Biyani is currently in Paris to finalise the details of a joint ...
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NewsMothercare to capitalise on overseas promise
Maternity specialist Mothercare aims to double its international sales by 2014 as its UK business continues to find the going tough.
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NewsSales and margins up at Moss Bros
Menswear group Moss Bros reported sales and margins were up as chief executive Brian Brick’s improvement programme for the retailer continued.
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BRC report calls for new unit to tackle web crime
The British Retail Consortium (BRC) is lobbying for a dedicated national unit to tackle the increasing amount of online crime.
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NewsHouse of Fraser creates emporium of brands in Frasers
House of Fraser has invested more than £10m in Frasers, its shop in Glasgow, to create an emporium of luxury beauty and accessories brands.
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NewsMorrisons hunts for brand director as part of management overhaul
Morrisons has kicked off a search for a brand director as chief executive Dalton Philips shakes up his management team to position the grocer for future growth.
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NewsBrand Boutique launches on Tesco clothing website
Tesco has launched a Brand Boutique on its clothing website to house the independent labels and designers it stocks.
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NewsShoppers flock to Black
Shoppers have flocked to Black, the lifestyle-focused electricals fascia being piloted by Dixons Retail, in its first week of trading, its parent has claimed.
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NewsCarpetright to downsize larger stores in a bid for better returns
Carpetright is downsizing 10% of its portfolio as it seeks to get better returns from its selling space.
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NewsBig-ticket retailers race to start Sales before the VAT rise hits
DIY and furniture retailers confident about early start to January Sales but cautious about early 2011
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NewsM&S hit online by Amazon site failure
Amazon and Marks & Spencer’s websites were taken offline on Sunday night during the key Christmas trading period amid ongoing cyber threats by pro-Wikileaks saboteurs Anonymous.
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Ahold's ICA in Sweden trials student special packages
Ahold’s ICA in Sweden is trialling special packages for students. Called ICA Student, the scheme offers help with food shopping, insurance issues and banking services in a single package.In the first phase the service is being tested among 200 students from Uppsala and Norrtälje. Should the concept prove successful, ICA ...
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NewsHMV cautious over Christmas trade after poor interim results
HMV disappointed the City last week with worse-than-expected interim results and cautious comments about the crucial Christmas trading period after snow hit sales.
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South African Massmart to exit Zimbabwe
South African Massmart - a 51% stake of which is expected to be acquired by Walmart in early 2011 - has announced that it is to exit Zimbabwe, selling its two stores in the country to local grocer OK Zimbabwe.In October this year, Massmart announced that it was likely to ...
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News
PPR enters talks with South African Steinhoff International Holdings
Luxury and retail group PPR has entered into exclusive negotiations with South African Steinhoff International Holdings over the sale of its shares in Conforama. The transaction is worth about E1.2 bn (£1bn) in cash. In November 2009, PPR announced that it was planning to sell off its retail division including ...