All News articles – Page 1610
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NewsRetailers plan Sales to capitalise on VAT rise
Retailers are aiming to capitalise on the VAT rise by planning targeted Sales and promotions in the run-up to the new year, according to a new report.
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NewsNext update and BRC data hits retail stocks
Retail stocks were left on the shelf following downbeat reports last week from Carpetright and Next and gloomy BRC July retail sales data this week.
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NewsPets at Home hires Wilkinson buying boss
Pets at Home has poached Wilkinson’s head of buying Peter Pritchard as its new trading director.
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NewsResults fail to boost confidence in Kesa
Electricals group Kesa has much to prove as it pushes on with an improvement programme Investec said, rating its shares a hold.
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NewsAurora appoints Oasis and Coast managing directors
Aurora Fashions has made two key appointments to its Coast and Oasis brands.
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NewsMultiyork appoints Indira Thambiah as chairman
Privately owned furniture group Multiyork has appointed former Argos multichannel chief Indira Thambiah as its new executive chairman.
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NewsNew Arnotts chairman plans brand shake up to appeal to core customer
The new chairman of Irish department store Arnotts, Mark Schwartz, has laid out plans to change the offer of the shop to appeal to its core customer.
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NewsFlying Brands turnaround continues apace
Home shopping group Flying Brands is confident that renewed focus on its core gardening and gifts offer and a push for more online sales will strengthen the business as it continues with its turnaround.
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Rise in wheat price will be ‘manageable’, says analyst
Fears that the spike in global wheat prices could indicate an alarming upward trend in costs for food retailers have been downplayed.
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NewsLK Bennett launches new ad campaign
Women’s footwear and fashion retailer LK Bennett has launched a new ad campaign featuring “real women” in their working environment.
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NewsRepublic launches ad campaign to help deliver turnover target
Young fashion chain Republic is set to launch its first ever ad campaign in an attempt to help triple turnover to £600m in the next five years.
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Hutchison Whampoa reports sales for its retail division grew 8% to £4.63bn
AS Watson’s parent, Hutchison Whampoa, has reported sales for its retail division grew 8% to HK$57.5bn (£4.63bn). EBIT increased 52% (54% in local currencies) to HK$2.8bn (£226m). The group reported weak consumer sentiment in some of its operating markets, but attributed the profit improvement to top line growth through organic ...
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Conglomerate Mercator to acquire the retail business of Coka
Slovenian-based retail conglomerate Mercator has signed an agreement to acquire the retail business of Serbian company Coka. Mercator says the move will boost its position as the second-largest retailer in Serbia. Under the strategic partnership agreement between Mercator S and Coka Holding, the subsidiary of the Slovenian grocer will obtain ...
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NewsJohn Lewis to advise on 'big society' projects
Retailer John Lewis, the UK’s best-known mutual company, is to advise public sector organisations on how to improve by involving staff.
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NewsBangladesh called upon to increase minimum wage
The Ethical Trading Initiative has backed calls for the Bangladeshi government to make a further increase in the minimum wage.
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OfficeMax Q2 sales decline
Stationery specialist OfficeMax reported a 0.3% decline in sales to $1.7bn (£1.1bn) for its second quarter ending June 26. Its retail segment experienced a 0.5% fall in sales to $773m (£484m). Like-for-like sales were down by 0.3%.OfficeMax chairman and chief executive Sam Duncan said: “Based on our performance in the ...
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CVS to roll out Redbox DVD rental kiosks
Drugstore operator CVS will roll out Coinstar’s automated Redbox DVD rental kiosks at locations across its mainland US, Puerto Rico and Longs Drug outlets in Hawaii. The roll-out, which follows a successful pilot programme, will start this quarter with about 700 installations by the end of this year and is ...
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Barnes & Noble considers sale
Barnes & Noble’s board of directors is to consider selling the company as part of an evaluation of strategies to increase stockholder value. The board believes the retailer’s shares are significantly undervalued.Evaluating strategic alternatives will be overseen by a committee of four independent directors who will make recommendations to the ...
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Burlington Coat Factory announces sales rose 4% to £456m in Q2
Burlington Coat Factory has announced that net sales for its second quarter ending July 31 rose 4% to $728.8m (£456m). Like-for-like sales increased 0.3% for the quarter. Chief executive Tom Kingsbury said: “We are pleased to report our second consecutive quarter with a positive like-for-like sales performance, which contributed to ...
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Whole Foods Market reports net income rocketed 53.5% in Q3
Whole Foods Market reported net income rocketed 53.5% to $65.7m (£41.1m) for its third quarter. Total sales increased 15% to $2.2bn (£1.4bn), while like-for-likes were up 8.8%. Whole Foods also boosted sales through a focus on opening smaller stores. Co-chief executive Walter Robb said: “We know that the economy is ...