All News articles – Page 1550
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News
ACCC to discuss Pick n Pay's sale of Franklins supermarket chain to Metcash
The Australian Competition and Consumer Commission (ACCC) has agreed to discuss Pick n Pay’s proposed sale of its Franklins supermarket chain to Australian Metcash at the national Federal Court. The ACCC announced that it was going to lodge the case by December 8, seeking an expedited hearing in early 2011.In ...
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News
Colruyt posts 7.9% revenue increase
Grocery retailer Colruyt posted a revenue increase of 7.9% for its first half, from E3.29bn (£2.79bn) to E3.55bn (£3bn). For the period ended September 30, gross profit jumped 9.1% to E900.4m (£763m) from E825.2m (£699.3m), which corresponds to a gross profit margin of 25.34% compared with 25.06% last year.
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NewsBaci targets 50 UK stores over next five years
US lingerie brand Baci Lingerie is to launch in the UK with the aim of opening 50 stores over the next five years, with the first slated to open in May.
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News
X5 Retail Group to acquire Kopeika
X5 Retail Group has signed an agreement to acquire Kopeika in a transaction with a total enterprisevalue of RUR51.5bn (£106bn) including assumption of debt.As a result of the transaction, X5 will reinforce its number one position in the Russian retail market, mainly in Moscow and the Moscow region where Kopeika ...
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News
Kroger sales rise 5.9%
Food chain Kroger has announced that total sales, including fuel, for the third quarter rose 5.9% to $18.7bn (£11.9bn). Net income totalled $202.2m (£128.5m), compared with a net loss of $874.9m (£555.9m) reported in the same period last year. The retailer said that all departments experienced positive like-for-like growth during ...
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News
Apollo Pharmacy to divest 49% stake in pharmacy chain division
Apollo Hospitals, parent company of Apollo Pharmacy, has said it plans to divest of its 49% stake in its pharmacy chain division in order to generate growth funds. Apollo Hospitals executive director of finance Suneeta Reddy told reporters the company would also explore the option of listing the pharmacy unit.During ...
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News
25 Aldi Hellas stores to close
Following its decision to withdraw from the Greek market after just two years of operations, hard discount retailer Aldi Süd is to close the first 25 of its 38 Aldi Hellas stores by the end of December.From November until February next year, more than 500 employees will lose their jobs. ...
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NewsDebenhams and Tesco top JP Morgan’s 2011 picks
Department store group Debenhams and leading grocer Tesco feature on broker JP Morgan Cazenove’s list of top stock picks for 2011, while fashion giant Next and supermarket group Sainsbury’s should be avoided.
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News
Ikea United Arab Emirates flagship to open in 2012
Ikea’s United Arab Emirates flagship at Yas Marina is set to open in February 2012 and management expects to welcome 1.3 million visitors in the first year, it has been reported. The 355,220 sq ft store is more than three times the size of the Abu Dhabi Marina Mall store ...
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NewsJohn Lewis sales up 8% as snow begins to clear
Department store John Lewis sales grew 8% in the four days to the end of Wednesday December 8.
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NewsTesco hit with complaints over voucher redemption
Tesco has been swamped with complaints over the way it has handled its Big Christmas Exchange Voucher campaign redemption.
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NewsPark Group returns to profit as half year sales soar 49%
Voucher and Christmas savings specialists Park Group returned to profit and experienced a 49% jump in half-year sales as its corporate and Christmas savings businesses soared.
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NewsMoss Bros confident as like-for-likes rise
Like-for-like sales at menswear group Moss Bros rose by 8.3% in the 18 weeks to December 4.
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NewsMasterCard admits cyber-attack service disruption, Visa also targeted
MasterCard has acknowledged interruption of its payment services after it was hacked yesterday, while Visa became the latest payment service to be attacked by cyber-raiders overnight.
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NewsMulberry interim profits soar
Luxury brand and retailer Mulberry has posted a 207% surge in first-half pre-tax profits to £4.7m on sales up 38% and full year earnings are expected to beat market expectations.
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NewsHMV like-for-likes slump 16%, and losses at the group widen
HMV UK & Ireland like-for-like sales for the 26 weeks to October 23 have slumped 16.1%, and losses have widened across the group.
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NewsMothercare doubles international sales target to £1bn by 2014
Maternity specialist Mothercare has revealed ambitious new international targets as it shows off its Indian business to investors.
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NewsHackers say Amazon targeted this afternoon in WikiLeaks row
Pro-WikiLeaks hackers have said that they are launching a cyber-attack on Amazon.com this afternoon because of the etailer’s refusal to host the whistleblower website on its servers.
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NewsPayment disruption fears as Mastercard targeted by hackers over WikiLeaks stance
Mastercard payments may have been affected after its website was hacked earlier today.
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