All News articles – Page 1614
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NewsTesco launches first transactional mobile app
Tesco is launching its first transactional mobile app next week on mainstream handset Nokia Ovi Store.
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NewsDebenhams considers sale and leaseback deals
Department store group Debenhams is reportedly considering a sale and leaseback deal over nine of its stores as it looks to pay off debt and invest further in the company.
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NewsSelect embarks on retail push
Value fashion retailer Select is on a retail drive with plans to open 13 new stores by the end of year.
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NewsPrimark to open second store on Oxford Street
Primark is to open another store on famous shopping destination Oxford Street at the eastern end of the road.
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Costco to expand into five Australian cities
US-based club-store operator Costco intends to expand into five Australian cities, but is having trouble finding sites large enough.Patrick Noone, Costco’s Australian country manager, said: “We are looking for sites in Melbourne, Sydney, Brisbane, Adelaide and Canberra.”Sales at Costco’s first outlet in Australia, opened nearly a year ago, have exceeded ...
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Philippines 7-Eleven franchise to double stores
7-Eleven’s local franchise group in the Philippines, Philippine Seven Corp (PSC), expects to reach 1,000 stores in the next three years, doubling its current number.PSC president and chief executive Jose Victor P Paterno said the firm will open 100 new stores this year and a further 130 in 2011. Each ...
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Casino Q2 sales up 8.5%
Grocery giant Casino reported an 8.5% rise in consolidated net sales to €6.98bn (£5.8bn) for the second quarter.Sales in France rose 1.1%, or 0.2% on a like-for-like basis, while international sales jumped 23.6%, or 8.7% like-for-like. Brazil was one of the international highlights, registering a same-store sales increase of 11.3%.Group ...
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CVS Q2 revenues increase by 3.7%
Drugstore operator CVS reported revenues in the group’s retail pharmacy segment increased 3.7% in the second quarter to $14.3bn (£9.7bn), with total same-store sales increasing 2.1% over the prior year.Pharmacy same-store sales increased 2.9%, helped by continued growth of its Maintenance Choice prescription offer. Front store same-store sales increased 0.4%, ...
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Soriana Q2 profits drop 19%
Soriana, the country’s second-largest grocer behind Walmart, reported a 19% drop in net profit in the second quarter to MXP716m (£38m).The slump was attributed to higher financial costs, despite an increase in sales of 6.5% to MXP22.8bn (£1.2bn). This improvement in sales was confined mostly to the central and southern ...
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Lotte Shopping profits increase by 15%
Lotte Shopping has reported strong results for the first half.Gross sales rose 14% to KRW6.6trn (£3.7bn), while operating profit rose 31% to KRW590bn (£329m). Net profit grew 15% to KRW452bn (£252m).
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Dairy Farm sales up 13%
Pan-Asian retailer Dairy Farm delivered a total sales rise of 13% to HK$4.3bn (£375m), for the six months ending June 30.Net profit was up by 17% to HK$181m (£16m).During the period Dairy Farm continued its expansion, adding 127 outlets to reach 5,198. Acquisitions agreed in Malaysia and Singapore will add ...
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Metro reports H1 sales increase 2.4%
Metro’s first-half results showed that sales rose by 2.4% to €31.2bn (£25.9bn).In local currencies, sales climbed by 0.6%.EBIT before special items increased by 16.6% to €470m (£390m). Strong sales growth was again reported by electronics superstore chains Media Markt and Saturn, further extending their market leadership. Bestselling items were TVs ...
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NewsAxed Waterstone’s boss takes home up to £494,000
Former Waterstone’s managing director Gerry Johnson could take home up to £494,000 in the year to April 24, despite being given the chop in January after a poor Christmas sales performance.
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NewsNon-food inflation lowest since November 2009
Non-food inflation in July was the lowest since November 2009, slowing to 1% compared to 1.4% in June.
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NewsNext posts 1.3% rise in total retail sales
Next posted a 1.3% increase in total retail sales for the 26 weeks to July 31 as the fashion and homewares retailer said its clothing retail prices will jump by as much as 8% next year.
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NewsCarpetright remains cautious as Q1 sales drop
Flooring giant Carpetright has revealed a 2.5% decline in group sales in the 13 weeks to July 31.
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NewsArgos trials same-day delivery service
Argos is trialling a same-day delivery service in London which will allow customers the option of having their reserved item couriered in as little as 90 minutes.
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NewsGovernment moves closer to setting up grocery ‘ombudsman’
The Government has moved closer to introducing legislation to set up a Groceries Code Adjudicator (GCA), its version of what was previously dubbed the ‘supermarket ombudsman’.
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NewsCarphone Warehouse launches mobile music service
Carphone Warehouse has launched a mobile music service that allows users to access their entire music collection on the move.