All News articles – Page 1583
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NewsTreats are back, say Tesco and Sainsbury’s
As Tesco and Sainsbury’s report favourable results, there is evidence consumers are trading up again
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NewsAsia and Fresh & Easy give Tesco a little help
Food retail stocks lagged both their general retail peers and the market as a whole again despite a robust set of half-year results from Tesco.
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NewsCard Factory appoints development director
Discount greetings cards retailer Card Factory has poached PricewaterhouseCoopers retail and leisure director Andy Garbutt to spearhead future development.
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NewsToy retailers mop up after Woolworths’ demise
Toy retailers Toys R Us and The Entertainer have reported a strong year in 2009 after mopping up share left from the collapse of Woolworths.
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NewsWhistles turnaround on course after losses cut
Jane Shepherdson’s turnaround of Whistles is proving a success, with losses slashed and a return to profitability on the horizon.
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NewsAsos launches US site as overseas drive accelerates
Fashion etailer Asos has launched a dedicated US website as it hopes to tap into what it sees as the “enormous” potential of overseas sales.
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News99p Stores extends its Family Bargains trial
Single price-point retailer 99p Stores is trialling the conversion of some stores to its new variety format Family Bargains.
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NewsAge of food discounter over as Aldi racks up £54m loss
Aldi, the German discounter that became a byword for the shift to value in the recession, has suffered a dramatic reversal of fortune, turning a £93m pre-tax profit in the UK and Ireland into a £54m loss last year.
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H&M Q3 sales rise 20%
H&M reported a 20% rise in third-quarter profit with strong August sales offset by rising costs that ate into gross margins. In the quarter ended August 31, profit after tax was Skr4.24bn (£367m),a jump of 23%. Sales including VAT for the quarter were Skr31.47bn (£2.7bn), an increase of 14%. Group ...
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Ahold appoints Europe COO Dick Boer as CEO
Ahold has appointed Dick Boer as chief executive of the company, with effect from March 2011. He will succeed John Rishton, who is leaving to become chief executive of Rolls-Royce.Boer, who has been with the company since 1998, is chief operating officer of Ahold’s European division and member of the ...
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Couche-Tard drops pursuit of Casey's General Stores
Canada-based convenience store operator Couche-Tard has dropped its almost six-month-long pursuit of US convenience chain Casey’s General Stores. Couche-Tard said it had allowed its offer of $38.50 (£24.30) per share to expire - none of Casey’s common stock was purchased and all tendered shares will be returned promptly.“We have decided ...
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Kmart to expand own-brand portfolio with the introduction of new range
Sears-owned mass merchandiser Kmart has announced the expansion of its own-brand portfolio with the introduction of the Smart Sense line. The new private label includes a wide range of items from snacks and beverages to oral care, household cleaners and over-the-counter medications.According to the retailer, the Smart Sense line is ...
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Eroski posts decrease in turnover to £3.1bn
Eroski has posted a 1.05% decrease in turnover to €3.7bn (£3.1bn) for the first half ended July 31. Pre-tax loss for the period decreased 50% to €34m (£28m).The supermarket chain managed to cut its debts to €265m (£220m) and to keep its competitive position in the market via a reduction ...
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Walmart's Indian JV calls government to remove wholesale trading restrictions
Walmart’s Indian joint-venture, Bharti Walmart, has called for India’s government to remove restrictions allowing FDI-backed wholesale firms to sell no more than 25% of their total turnover to a group retailer.The latest relaxation in FDI rules by the government lifted restrictions on products being sold only for internal use. However, ...
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Lidl to acquire competitor Tengelmann's Plus discount stores in Bulgaria
Lidl has been given the regulatory go-ahead to acquire competitor Tengelmann’s Plus discount stores in Bulgaria.Following an investigation by the country’s competition commission, the authority concluded that the deal would not hinder competition in the retail market. Plus Bulgaria has been running 23 stores since October 2009, with a staff ...
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Hornbach records rise of 3.6% in sales for H1
Home improvement group Hornbach has reported a rise of 3.6% in sales to e1.66bn (£1.4bn) for the first half ended on August 31. Sales for the second quarter were up 6.5%.On a like-for-like basis, sales rose 0.8% in the first half and were up 3.7% in the second quarter. EBIT ...
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NewsSavers narrows losses
Value health and beauty chain Savers, part of the AS Watson Group, has narrowed its losses as it implements the second year of its turnaround.
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NewsAlliance Boots hires Home Retail director
Alliance Boots has hired a former director of Home Retail to work on commercial development.
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NewsPrada considers IPO
Prada is considering an IPO next year, the Italian house’s fifth flotation in ten years.