All News articles – Page 1591
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News
Lawson to increase capital spending to aid expansion
Japanese convenience store chain Lawson will increase its capital spending to $50m (£32m) in China during 2011, with the aim of opening about 130 convenience stores.Cities earmarked for additional stores include Shanghai, Chongqing, Shenyang, Dalian, Chengdu and Beijing. Lawson president Takeshi Niinami said: “It’s time to go to China. We ...
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Makro Cash & Carry appoints Antoine Peleyras as CEO
Metro Group-owned Makro Cash & Carry has appointed Antoine Peleyras as its new chief executive officer.Until 2005 he held the position of supply chain and merchandise director at Carrefour Marinopoulos in Greece and then the position of merchandise director in the Carrefour hypermarket division in France.More recently, he was managing ...
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Walmart to move into convenience stores in urban markets
Walmart is set move into convenience stores in urban markets such as Chicago and Los Angeles as the largest US retailer seeks to revitalise growth in its home market.Commercial real estate brokers say Walmart has begun scouting for sites for smaller-format stores in a range of urban markets, including Sacramento ...
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Casa Saba buys 25% of Farmacias Ahumada
Retailer Falabella has sold its 20% stake in Farmacias Ahumada for $100m (£64m) to Mexican Grupo Casa Saba. The latter announced last May it had reached an agreement to acquire Farmacias Ahumada for $637m (£408m), including about $162m (£104m) in debt.The combined company will become one of the leading drugstore ...
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NewsJaeger opens shops-in-shops in Italy with Coin
Upscale fashion retailer and brand Jaeger has expanded into Italy with the opening of four shop-in-shops in Coin department stores.
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News
Mall opening a first for Aldi in US
German hard discounter Aldi Süd has announced the opening of its first store located in an enclosed shopping mall in the US. The 20,000 sq ft store will open in May, 2011 at Westfield Chicago Ridge, Illinois.“We are pleased to partner with Westfield on this fresh new approach to shopping ...
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Macy's expands online fulfilment centre to cope with growth
Department store chain Macy’s has announced it will expand its online order fulfilment centre near Portland, Tennessee, to accommodate continued online sales growth.The 600,000 sq ft facility opened in spring 2007. The expansion will add 374,000 sq ft. Construction is expected to begin this autumn so that the expanded facility ...
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NewsJohn Lewis extends ‘Never Knowingly Undersold’ price-match policy to online
John Lewis has extended its Never Knowingly Undersold price-matching policy to its website.
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NewsAsda income tracker: UK families' discretionary income falls for 8th consecutive month
UK families’ discretionary income fell for the eighth consecutive month in August amid rising inflation and modest wage increases, according to figures from Asda.
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NewsSales climb for Zara-owner Inditex
Inditex, the Spanish fashion retailer that owns Zara and Massimo Dutti, grew half-year sales by 14% while making its debut in India.
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NewsHouse of Fraser celebrates Biba success as profits soar
The relaunch of iconic fashion brand Biba has gone down a storm with shoppers and first-half profits have leaped, House of Fraser reported.
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NewsUK economy to grow slightly faster than predicted this year, says CBI, but warns of weaker growth in 2011
The UK economy will continue to grow slightly faster than previously expected this year, although growth next year will be weaker than previously forecast as consumer spending weakens, the CBI has predicted.
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NewsSainsbury’s relaunches top tier range
Sainsbury’s has relaunched its £1bn range of upmarket food, just one day after rival Asda revealed it had relaunched its mid-tier range.
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NewsVoucher demand boosts Park Group sales
Park Group, the Christmas hamper and gift voucher company, reported that trading in the first quarter of its financial year went well thanks to growing demand for corporate vouchers and online sales.
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NewsAsda invests £100m in relaunch of mid-tier brand
Asda has invested £100m into the relaunch of its entire range of more than 3,500 Asda brand food products, which account for annual sales of between £8-9bn.
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NewsVery.co.uk to partner with The X Factor
Littlewoods owner Shop Direct Group has formed a tie up with its online fashion brand Very.co.uk and TV show The X Factor.