All News articles – Page 1566
-
News
Distribución y Servicio (D&S) to change its name to Walmart Chile
Grocery retailer Distribución y Servicio (D&S) is to change its legal name to Walmart Chile. The move will have to be ratified at the next company shareholder meeting, which will take place in late November. The decision will not affect the fascias that the retailer operates such as Líder, Ekono ...
-
News
H&M opens first store in Turkey
Swedish fashion retailer H&M has opened its first store in Turkey, in the country’s capital, Istanbul. The 24,760 sq ft store is located in the Forum Istanbul shopping centre and the retailer will continue its expansion in the country by opening the second H&M store in Istinye Park in December ...
-
News
Pantaloon Retail to add 15m sq ft of retail space by 2014
India-based Pantaloon Retail has announced plans to invest INR2,100 crore (£280.1m) over the next three years on expansion. Speaking to investors at the company’s AGM, chief executive Kishore Biyani said that the funds would be used to add 15 million sq ft of retail space by 2014. “The funds will ...
-
News
Walmart submits bid for Matahari hypermarkets
Walmart has reportedly submitted a bid for Indonesian retailer Matahari’s hypermart stores, joining regional competitor Lotte Shopping and private equity firm Carlyle Group.Although it is unclear whether Walmart has formally bid for the business, Reuters reports that the retailer has hired Barclays Capital to advise on the transaction, which could ...
-
News
Metro to add smaller stores in Asia
Metro Group-owned Metro plans to add more city centre cash and carry outlets in Asia. The centrally located stores will be smaller, with only about a third of the floor space of its suburban stores. Metro Group is expanding in Asia to become less reliant on its domestic German market ...
-
News
Amazon to launch home delivery service for food and drink in Japan
Amazon will start a regular home delivery service for food and beverage items in Japan by the end of the year. Amazon.co.jp will begin by delivering just baby food but is expected to expand the service to beverages and processed foods next year.Amazon expects the service will initially be used ...
-
NewsGap opens first Chinese stores
Gap’s first store in China has opened today as the US retailer begins its assault on the lucrative Chinese market.
-
NewsJJB issues profit warning
JJB Sports has issued a profit warning after like-for-like sales in its current trading period were lower than anticipated.
-
NewsNew Look profits suffer in challenging conditions
Value fashion retailer New Look suffered stuttering profits and a like-for-like sales fall during its first half, but it increased market share and total sales.
-
NewsSales fall at WHSmith
Bookseller and stationer WHSmith said it was trading in line with expectations despite a sales fall at both divisions.
-
NewsRose sells shares as Bolland outlines vision
Marks & Spencer chairman Sir Stuart Rose sold 100,000 of his shares in the retailer yesterday – the day his successor Marc Bolland set out his vision for the business.
-
NewsAmerican Apparel reports further losses in third quarter
Struggling US fashion chain American Apparel like-for-likes dropped 16% over the third quarter to September 30.
-
NewsRussian oligarch buys 3% stake in HMV
Russian tycoon Alexander Mamut has taken a stake in entertainment group HMV, it has emerged.
-
NewsSupergroup Q2 sales surge 68.4%
Supergroup, the owner of trendy fashion brand Superdry, experienced a 68.4% surge in group total sales to £57.5m in the three months to October 31.
-
NewsSainsbury's profits up 8% with customer numbers at all-time high
Sainsbury’s has reported an 8.1% increase in underlying pre-tax profit to £332m in its interim results, with customer numbers at an all-time high.
-
News
The Hut Group buys Lookfantastic.com in £19.4m deal
The Hut Group has bought health and beauty etailer Lookfantastic Group in a £19.4m deal.
-
NewsGrocery sales grew 4.1% in four weeks to October 30
Sales in the grocery sector grew at 4.1% in the four weeks to October 30 as Halloween promotions helped keep the market steady, according to research house Nielsen.
-
NewsSainsbury's grows ahead of market
Sainsbury’s was the only grocer out of the big four to build its market share again in the latest Kantar Worldpanel grocery figures.
-
NewsCall of Duty launch kicks off busiest week in video games calendar
A video game expected to become the fastest and biggest selling title in games history was launched in stores across the country at midnight, kicking off the busiest week in the games calendar.
-
NewsSlow sales growth in October
Like for like sales grew 0.8% in October, with total non-food sales falling in real terms according to the BRC.