All News articles – Page 1546
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NewsNisa-Today launches first TV ad campaign
Symbol group Nisa-Today is to embark on its first TV advertising campaign as it guns to build its brand profile with consumers and sign up new retailer members.
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Danks acquire five Magnet Mart stores as part of owners Woolworths and Lowe's venture into hardware
Woolworths and its US-based home improvement partner Lowe’s have acquired a Canberra-based hardware chain, as part of their aggressive venture into the hardware arena. The five stores, which trade under the name Magnet Mart, have been acquired by Danks, the hardware wholesaler that ...
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X5 Retail Group to acquire Kopeika
X5 Retail Group has announced that it has signed an agreement to acquire Kopeika in a transaction with a total enterprise value of RUR51.5bn (£1.05bn) including assumption of debt.X5 Retail Group has acquired a strong network of Kopeika price-oriented supermarkets which will be rebranded to the Pyaterochka banner. The transaction ...
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A&P files for Chapter 11 bankruptcy protection
US Tengelmann-controlled A&P has filed for Chapter 11 bankruptcy protection as it struggles with enormous debt and increased competition from low-priced peers.The retailer operates 395 stores around the Northeast under the A&P, Waldbaum’s, The Food Emporium, Super Fresh, Pathmark and Food Basics banners.
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NewsSports Direct's Everlast brand to be sold in US through Sears and KMart
Sports Direct-owned boxing brand Everlast will be sold exclusively in US retail group Sears’ stores in a direct-to-retail licensing deal.
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NewsWorld Duty Free boss Mark Riches to stand down
World Duty Free, the airport retailer, has revealed its chief executive Mark Riches is to stand down at the end of the year.
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NewsMid-week sales up 12% at John Lewis
John Lewis has reported that sales rose 12% between Sunday to Wednesday this week, when there was a strong performance from stores and online.
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NewsBooker boss Charles Wilson replaces Justin King as IGD president
Booker Group’s chief executive Charles Wilson has been appointed president of international food and grocery analysts IGD, replacing Sainsbury’s boss Justin King.
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NewsGap to investigate Bangladesh factory fire
Gap has said it was “terribly saddened” by the deaths of workers at a Bangladeshi factory razed to the ground by a fire this week, and that it would investigate the cause of the blaze.
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NewsSales rise in November
Retail sales rose 3.6% by value and 1.8% by volume in November compared to the same month last year.
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NewsO2 ramps up specialist advisors as part of restructure
Mobile phones retailer O2 is ramping up the number of technology customer service advisors in stores as part of a restructure that will see the merging of its consumer sales and customer service teams.
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NewsTesco's One Stop acquires 77 stores from Mills
Tesco’s convenience fascia One Stop has acquired 77 stores from Mills Group as part of its long term expansion plans.
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NewsLaura Ashley sales rise despite snow
Furniture and fashion retailer Laura Ashley like-for-likes grew 2.7% in the 19 weeks to December 11.
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NewsFranchise model insulates United Carpets from harsh trading conditions
United Carpets has posted a fall in first-half profits but labelled performance “solid” in the tough trading environment.
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NewsTesco poised to start search for new chairman
Tesco is preparing to start the search for a new chairman to replace David Reid.
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NewsSports Direct profits surge
Sports market leader Sports Direct notched up a 40% rise in underlying pre-tax profits following a lucrative World Cup.
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NewsOffice bought by Silverfleet
Private equity firm Silverfleet has bought footwear chain Office for an undisclosed sum from owner West Coast Capital (WCC). Chief executive Brian McCluskey has reinvested in the business and will remain in his role.
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NewsDecember high street sales up as shoppers buy beforeVAT rise according to the CBI
High street sales continue to flourish in December as shoppers buy ahead of next month’s VAT increase according to the CBI Distributive Trades Survey.
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NewsOffice sale expected to be completed today
Private equity firm Silverfleet is expected to complete a deal to buy footwear chain Office by the end of today. The price paid is expected to be below the original £150m tag.
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NewsClas Ohlson scales back UK expansion plans in tough market
Swedish DIY and homewares chain Clas Ohlson has scaled back its UK expansion plans due to difficult market conditions.