All News articles – Page 1600
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NewsSector fears cause general retailers to be downgraded
Broker Singer has downgraded forecasts for 17 general retailers by up to 10% because of fears about sector prospects.
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NewsHome Retail and Game expected FTSE casualties
Home Retail Group and Game are likely to lose status next week when the FTSE index undergoes one of its regular recalculations.
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NewsTK Maxx plots marketing blitz to turn round disappointing sales
TK Maxx, the off-price retailer, has doubled its investment in its Christmas advertising campaign - its first TV ad campaign since spring 2008.
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NewsGeorge at Asda teams up with tailor for designer collection
Savile Row-inspired offer marks brand’s decision to switch from disposable fashion to quality clothing
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NewsAlexon hunts for web boss to drive growth
Womenswear retailer Alexon Group is looking to hire a head of ecommerce as it seeks to drive online growth, following the appointments of Kevin Keaney as commercial director and former Moss Bros chairman David Adams as non-executive director.
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NewsPrivate sales site Cocosa refreshes to keep ahead
Online private sales site Cocosa has relaunched its website and will unveil a new dedicated menswear site later this year.
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NewsHugo Boss guns for more stores after strong year
Menswear retailer Hugo Boss is gunning to open up to 14 new shops in the UK and Ireland by next year as it expects 2010 to be its most successful year to date.
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NewsSuperdrug signs up Gavin & Stacey star Joanna Page to front ads
Superdrug has signed up former Gavin & Stacey star Joanna Page as the new face of the health and beauty retailer.
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NewsBenetton styles shoppers for mock ad at flagship relaunch
Italian fashion group Benetton reopened its London flagship store last week with an event that styled customers for a mock advert.
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NewsOcado shares up by 5% ahead of update
General store stocks improved compared with their recent weak showing but the sector remains well down over the year in comparison with food groups and the All-Share index.
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House of Fraser to invest £5m in Meadowhall store
House of Fraser has pushed the button on plans to refurbish its Meadowhall store in Sheffield, the store’s first makeover since the shopping centre opened 20 years ago this month.
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New Poundworld stores help sales to rocket 40%
Poundworld, the Yorkshire-based single-price retailer, reported a 40% surge in sales in its last financial year owing to new store openings and the VAT reduction.
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Conversion rates jump 20% on new Blacks site
Outdoor specialist Blacks Leisure has relaunched its website to give customers a better online experience and ensure branding consistency across its stores and etail offer.
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QVC to open New York pop-up store
TV shopping channel QVC is to open its first ever pop-up store in New York during fashion event Fashion’s Night Out. The store will open at 6pm on September 10 in the Rockefeller Center and will also broadcast live on TV on September 11 and 15.
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Meijer launches product locator app
Meijer has launched a product locator app called Find-it, built upon Point Inside’s mobile destination content platform. Shoppers will be able to see the location of more than 100,000 items in a Meijer store using their smartphones, eliminating the need to ask store employees where to find particular items. The ...
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Mercator sales up 3.2%
Mercator has reported sales of 1.33bn (£1.10bn), up 3.2% year-on-year.Its profit increased 57% to 18m (£14.7m). Mercator has invested about 45m (£37m) in the first half of the year, mainly in developing its retail network.
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Massmart like-for-likes up 2.6%
Retailer Massmart has published its full-year results to June 27. Group net sales amounted to R47.5bn (£4.2bn), representing growth of 10% year-on-year. Like-for-like sales increased by 2.6%.
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Shoprite full-year profits up 18.7%
Shoprite has revealed its full-year results to June, saying that group-wide sales increased 13.6% to R67.4bn (£5.9bn). Trading profit was also up 18.7% to R3.5bn (£308.2m).
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Magnit revenue up 31.84%
Food retailer Magnit has reported revenue grew 31.84% year-on-year to RUB103.66bn (£2.2bn). The growth was underlined by new store openings as well as like-for-like sales growth of 4.93%. Magnit’s hypermarkets outperformed supermarkets and neighbourhood stores, showing like-for-like sales growth of 14.16%.
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Matahari H1 sales reach £200m
Matahari has recorded total gross sales of IDR3.18trn (£200m) in its first-half, with operating income and net earnings reaching IDR391bn (£300,000).This solid sales performance is supported by 8.3% like-for-like sales growth from its department store business last year.