All News articles – Page 1607
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News
BRC restructures policy and public affairs operations
The British Retail Consortium has restructured its policy and public affairs operations to better represent retailers on matters such as European regulation.
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NewsCustomers are left in the dark as Confetti goes into administration
The collapse of wedding specialist Confetti has sparked anger among customers who fear plans for their big days are in ruins.
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NewsHobbs sub-brand NW3 picks Westfield London for its debut
Womenswear retailer Hobbs will launch the first standalone store for its younger NW3 sub-brand next month and is plotting up to 30 in the next four years.
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NewsIn Focus: Mole Valley Farmers
Rural retailing generally receives little publicity but the spotlight flickered over it recently with the news that the largest player, Mole Valley Farmers, had acquired the 11-store farming supplies business CWG.
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NewsGrowing pains at TK Maxx blamed for tumbling profits
TJX Companies, the US parent of off-price retailer TK Maxx and homewares chain HomeSense, has blamed the poor second quarter performance of its European business on operations in the UK and Ireland.
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NewsSales up in July, but food volumes down, ONS says
Retail sales rose 2.9% by value and 2.4% by volume in July compared with the same month last year, according to the Office for National Statistics.
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NewsOcado shares hit new low
Home shopping group Ocado’s shares hit a new low yesterday, and from today the stock can no longer be propped up by Goldman Sachs acting as a trading counterparty.
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NewsFlying Brands acquires online gardening business
Home shopping group Flying Brands has completed its acquisition of Garden Centre Online, it said today.
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NewsPoundland profits rocket as like-for-likes slow
Single price point retailer Poundland operating profit rocketed 81.5% to of £21.5m in the year to March 28.
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NewsSixty UK files for liquidation
Sixty UK, the UK distributor for young fashion brands Miss Sixty and Energie, has filed for liquidation after the High Court last month rejected its Company Voluntary Arrangement.
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News
JC Penney Q2 net income reaches £9m
JC Penney has reported net income of $14m (£9m) for the second quarter of 2010, compared with a loss of $1m (£640,000) for the same period last year. Like-for-like sales were positive for the second consecutive quarter, increasing 0.9% from last year, although total sales were down 0.1% at $3.93bn ...
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NewsThree New Look directors step down as IPO prospects remain distant
Three of New Look’s non-executive directors have stood down it has emerged, indicating that an IPO of the fashion group is unlikely in the near future.
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News
Gap to extend international shipping to 65 countries
Gap is offering international shipping to 55 countries, including Australia, Mexico and Brazil, and plans to extend coverage to 65 countries by the end of the year. The move marks the first time customers outside the US can buy items online from Gap, Banana Republic, Old Navy, Athleta and Piperlime.Ecommerce ...
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Nordstrom Q2 earnings rocket 38.6%
Department store chain Nordstrom has reported that its net earnings in the second quarter rocketed 38.6% to $146m (£93.5m). Sales rose 12.7% to $2.42bn (£1.55bn) while like-for-likes increased 8.4%.Multichannel like-for-likes were up 9.9%. Meanwhile, like-for-likes rose 8.2% at full-line stores and 34.1% in Nordstrom’s Direct channel. Nordstrom Rack reported a ...
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News
Delhaize reports mixed H1 results
Grocer Delhaize Group posted mixed first-half results. In Belgium revenues grew 5.5% to €2.34bn (£1.91bn), supported by 4.7% like-for-like growth and new store openings. Alfa Beta in Greece put in another strong performance with a 7.3% increase in revenues to €765m (£627m) and gained further market share.Operations in Romania and ...
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Big C Q2 sales up 2.4%
Casino-owned Big C has announced that retail sales in the second quarter of 2010 were up 2.4% to Bt18.4bn (£370m) compared with the same period last year.Operating profit grew 12.7%, with net profit growing by 15.8% to reach Bt686m (£13.8m), compared with a net profit last year of Bt592m (£11.9m). ...
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Uniqlo to open in prime locations in Japan
Fast Retailing is looking to improve profitability in Japan by opening Uniqlo stores in prime commercial facilities in Tokyo and other major cities. The company plans to open a 7,100 sq ft Uniqlo store in Tokyo Midtown, a new commercial complex in the high-end Roppongi district, as early as next ...
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M&S to trial food in Czech store
Marks & Spencer is planning to open food departments selling sandwiches and refreshments, it is reported. First trials of a food offering are taking place within the retailer’s clothing store in the DBK shopping centre in Prague and from September another pilot will take place in the Galerie Fenix shopping ...
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News
Netto plans European expansion
After selling its UK business, Netto plans to aggressively expand in other European markets with a focus on Germany and Poland.The retailer plans to open 20 to 25 stores a year with money earned from the sale of Netto’s business in the UK, which was bought by Asda for €620m ...
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Rona Q2 sales rise 2.1%
Home improvement retailer Rona has reported that consolidated sales rose 2.1% in the second quarter to reach C$1.4bn (£863.1m). Net earnings rose 12% to C$67.8m (£41.8m). Corporate and franchised stores’ sales were reported to have been strong in the early part of the quarter due to the gathering pace of ...