All News articles – Page 1598
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NewsFood inflation hits one-year high
Food inflation in August hit 3.8%, its highest level for a year, according to the BRC.
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NewsProfits fall at Thorntons
Chocolates specialist Thorntons has posted a fall in full-year profits despite making market share gains.
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Yamada Denki to open small rural stores
Japanese electronics market leader Yamada Denki has announced plans to open smaller stores in thinly populated rural areas in a bid to speed up expansion away from competitive urban centres.The retailer intends to open 10 such stores by early next year. They will have a sales area of about half ...
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M.Video H1 sales up 7%
Consumer electronics chain M.Video’s retail sales increased almost 7% to RUB41bn (£866m) for the first half of 2010.M.Video’s net profit more than doubled to RUB518m (£10.9m).The increase in net profit is due to lower financing costs during 2010. President and chief executive Alexander Tynkovan said: “Customers are feeling more positive ...
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Penny to invest £12m in new Romanian stores
Germany-based Rewe Group’s discount division Penny is to invest €15m (£12m) opening 10 stores by the end of 2010.The retailer has opened nine stores so far in 2010, each covering between 10,765 sq ft and 14,000 sq ft. In total, Penny has 108 stores in Romania, six of which are ...
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Emperia Holding H1 revenues up 5.5%
Polish grocer Emperia Holding reported solid revenue growth of 5.5% to PLN2,832m (£600m) for the first half ended June 30.Net profit amounted to PLN32.4m (£6.9m), up 2.5%.The growth in revenue was driven by a strong performance at its retail stores, whereas revenues from its wholesale businesses grew only marginally. During ...
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US Borders Q2 like-for-likes down 6.8%
Bookseller Borders has reported results for its second quarter ended July 31, 2010. Second-quarter sales were $526.1m (£340.4m), down 11.5% compared with the same period a year ago, with like-for-like sales slumping 6.8%. Borders.com sales rocketed 56.2% year on year, up to $15.5m (£10m).The company generated a loss from continuing ...
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NewsWHSmith buys Gadget Shop
WHSmith has bought gadget and gift etailer the Gadget Shop from toy specialist The Entertainer.
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NewsDebenhams launches surprise in-season Sale
Debenhams has launched a four day Sale Spectacular on new autumn stock, a highly unusual move for the department store.
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NewsTesco director Lucy Neville-Rolfe joins ITV board
Tesco corporate and legal affairs director Lucy Neville-Rolfe has joined the board of ITV, the UK’s biggest commercial broadcaster.
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NewsH&M proposes global employee incentive scheme
Swedish fashion retailer H&M is launching a major global employee incentive scheme to encourage staff and reward loyalty.
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NewsStrong first quarter for Sports Direct
Sports Direct had a strong first quarter despite a poor performance from the England team in the football World Cup with sales up 8.8% to £408m in the 13 weeks to July 25.
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NewsOcado sales up 30%, but shares fall in early trading
Ocado has revealed strong sales growth this morning in its first trading update as a quoted company, but its shares fell following the update.
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NewsRetail sales rise in August
Retail sales rose 1% like-for-like in August and 2.8% in total, the BRC-KPMG Retail Sales Monitor showed.
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NewsLidl UK boss steps down
Lidl UK managing director Frank-Michael Mros is understood to have stepped down from his post.
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BRC seeks assurances on local enterprise partnerships
The British Retail Consortium has welcomed opportunities for business to become involved in local decision making but warned that ‘localism’ should not be allowed to harm national companies.
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NewsJohn Lewis profits to bounce back
John Lewis is expected to say that profits at the department store chain have returned to pre-recession levels when it updates on its half-year results this month.
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NewsSir Stuart Rose hints at TV career and defends his record at Marks & Spencer
Marks & Spencer chairman Sir Stuart Rose has hinted of his interest in fronting a Troubleshooter-style business TV show after he stands down from the retailer.
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NewsWaterstone's founder linked to buy-back deal
Waterstone’s founder Tim Waterstone is considering a £100m-plus bid to buy the book chain from its parent HMV if it fails to turn the business around by the end of the year.
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NewsTesco to launch Nadine Coyle's debut solo album
Tesco has secured the exclusive launch of pop star Nadine Coyle’s debut solo album.