All News articles – Page 1580
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News
99¢ Only Stores Q2 sales increase 2.7%
Discount chain 99¢ Only Stores recorded a 2.7% increase in sales during its second quarter to $334m (£209m). Like-for-like sales grew by 0.6%. During the second quarter the company opened four stores and closed one. CEO Eric Schiffer commented: “We believe that we will have a strong holiday season, and, ...
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Target considers entering Canada
US general merchandise retailer Target is considering entering Canada with as many as 200 stores, in the company’s first move beyond US borders. The discount retailer gave the clearest indication of its intention so far when its representatives spent the past few days meeting with Canadian developers at a shopping ...
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Amazon acquires Spanish ecommerce company BuyVIP for £61.4m
Amazon has announced it has completed the acquisition of the Spanish ecommerce company BuyVIP for about €70m (£61.4m). BuyVip offers overstock items from brands such as Dolce & Gabbana, Louis Vuitton and Levi’s at steep discounts. The company doesn’t buy the stock itself but acts as a broker between fashion ...
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dm-drogerie markt tops £3.5bn in sales
Drugstore retailer dm-drogerie markt topped the €4bn (£3.5bn) sales mark in Germany in the financial year ended September 30, a sales increase of at least 7% on 2008/09. Although a reduction compared with the double-digit growth rate it achieved over the past couple of years, the company said the sales ...
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Pandora raises £1.3bn through IPO
Jewellery manufacturer and retailer Pandora had a successful IPO raising $2.1bn (£1.3bn). Demand was high as the company continues to grow sales in Europe and the US, where its charm bracelets are becoming increasingly popular.
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NewsAsda to source an extra £270m of British food by 2013
Asda is to ramp up the quantity of food sourced from British producers, including local and specialist suppliers, as part of a sustainable agriculture push by parent Walmart.
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NewsAsos launches mobile site
Asos has launched its first mobile site to allow customers to buy products on the go.
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NewsThree to use in-store augmented reality app to improve brand image
Store staff for mobile phone retailer Three are to use an augmented reality app in stores to improve customers’ perception of its network coverage.
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NewsClinton Cards cautious on economic environment
Clinton Cards has said it is cautious on the economic environment as like-for-likes slip in the first ten weeks of its financial year.
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NewsProfits up, sales down at WH Smith
WH Smith has announced a 9% increase in full-year profits this morning.
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NewsAsos reports strong sales growth
Etailer Asos saw sales soar 47% year-on-year for the three months to September 30.
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NewsMothercare overseas sales overtakes UK sales
Mothercare has said overseas sales have overtaken UK sales for the first time in its first half.
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News
Saturn opens its first store in Russia
Metro Group-owned consumer electronics retailer Saturn has opened its first store in the country. The 5,060 sq ft store is located in Moscow’s Vegas Mall, the country’s largest shopping centre. A second Saturn store is scheduled for Voronezh in late 2010 and several other stores are being planned. Metro Group’s ...
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NewsKesa shares soar on Best Buy bid speculation
Speculation that a takeover of Anglo-French electrical group Kesa may be on the cards has prompted the retailer’s share price to soar.
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NewsJacques Vert appoints Alison Jordan as marketing director
Womenswear retail group Jacques Vert Group has appointed former Fortunum & Mason marketing chief Alison Jordan as marketing director.
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NewsJohn Lewis scores early Christmas wins
Sales at the John Lewis Christmas shop are up dramatically on last year, with figures for the first 11 days of trading showing sales are up by 15.8%.
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NewsAsda sells exclusive Chris de Burgh album
Asda has signed a deal to be the exclusive retailer of Chris de Burgh’s new album ‘Moonfleet & Other Stories’.
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NewsQuality pays off at Russell & Bromley
Russell & Bromley grew operating profit 26.3% to £13.9m in the 12 months to December 31, as sales increased 6.2% to £88.1m.
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NewsBurberry expects full year profits to be in top end of expectations
Luxury retailer Burberry expects full year profits to be in the top end of analyst expectations after reporting a 17% increase in underlying revenue for the six months to September 30.
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NewsShopping centre pipeline continues to dry up
The number of new shopping centres being completed this year is likely to fall by around 40% below the 10-year annual average.