All News articles – Page 1624
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NewsIn Focus: 99p Stores
The demise of Woolworths keeps reverberating around the retail trade. The single-price stores benefited on two counts: picking up ex-Woolworths customers and acquiring former Woolworths stores in good locations at favourable rates.
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NewsPaperchase set to grow following £30m buyout
Upmarket stationery and greetings cards retailer Paperchase is to ramp up its expansion plans under its new owners, Primary Capital.
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Hotel Chocolat raises £3.7m via chocolate bonds
Hotel Chocolat chief Angus Thirlwell said he is “pleased with the strong response” to its chocolate bonds, which raised £3.7m.
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NewsAll resolutions passed at Burberry AGM
Burberry shareholders voted in favour of all resolutions proposed at the luxury retailer and brand’s annual general meeting today, including directors’ remuneration.
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NewsH&M sales up 20% in June
Sales for Swedish fashion giant H&M have continued to rise, soaring 20% in June compared to the same month last year.
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NewsConvert empty shops into schools, says consultancy
Converting empty shops into schools could give retailers an alternative way to exit unwanted leases, according to building consultancy EC Harris.
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NewsDFS appoints Ian Filby as chief executive
DFS has appointed former Alliance Boots director Ian Filby to the position of chief executive.
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NewsSuperGroup posts £22.5m in pre-tax profit
SuperGroup, the young fashion business which owns brands Superdry and chain Cult, has posted £22.5m in profit before tax in its first set of annual results since it joined the stock exchange.
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NewsMothercare suffers UK sales fall and buys Blooming Marvellous brand
Maternity specialist Mothercare has posted a fall in UK sales and has bought the trademark and brand of privately owned rival Blooming Marvellous.
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Family Dollar Stores Q3 income up 19%
Family Dollar Stores has reported that net income increased 19% to $104.4m (£69.3m) in the third quarter. Sales for the third quarter of fiscal 2010 were about $1.99bn (£1.32bn), an increase of 8.4%. Like-for-like sales increased 7%. The increase in like-for-like sales was a result of increased customer traffic, as ...
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Fnac in talks over Éveil & Jeux
Entertainment and electronics retailer Fnac, owned by PPR, has announced that it has entered into exclusive negotiations with ID Group for the sale of its 41-strong toy store chain Éveil & Jeux.ID Group is a specialist in the children’s market with brands such as Okaïdi, Obaïb and Jacadi and is ...
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Mercadona to invest in new supermarkets
Supermarket chain Mercadona will invest €51m (£42.8m) in the opening of between 17 and 20 new supermarkets in the Balearic Islands over the next five years, according to external relations director Juan Antonio German.Mercadona will open 10 stores in Mallorca, three in Menorca and another four in Ibiza. The company ...
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Metcash chairman to retire
Metcash has announced that chairman Carlos dos Santos will retire following the company’s AGM in September. Dos Santos said it had been a “privilege’” to be with the grocery and liquor wholesaler through its success over the past 12 years.Metcash recently acquired Pick n Pay’s chain of Franklin stores in ...
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Clive Peeters takeover officially completed
Electricals retailer Harvey Norman’s takeover of Clive Peeters was officially completed on July 8. It purchased 32 of the 38 Clive Peeters and Rick Hart stores and confirmed that staff from the New South Wales stores earmarked for closure would be interviewed for potential employment elsewhere in its network. It ...
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Fast Retailing sales up 23%
Fast Retailing, owner of Uniqlo, reported a sales rise of 23% to ¥659.1bn (£4.94bn) for the first nine months of fiscal 2009/10. The fashion retailer reported a profit rise of 35% to ¥67.2bn (£503.4m) for the period, which ended May 31. Fast Retailing is forecasting sales of ¥815bn (£6.08bn) for ...
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Apple opens Shanghai flagship
Consumer electronics giant Apple has unveiled its second flagship store in China. The store, which opened on July 10, is located near Shanghai’s famous Oriental Pearl Tower, in the city’s financial district.“We are thrilled to open the first of many new stores in China in this incredible location,” said Apple ...
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Makro plans 20 small-format stores
Cash and carry chain Makro, owned by Metro Group, plans to have 20 stores of the small-sized Makro Punct concept in the mid-term. Four stores are due to open within this year, according to Makro Poland managing director Uwe Hölzer.The stores are focused on fresh food and a higher private-label ...
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Ahold and Schwarz face Czech monopoly probe
Dutch retailer Ahold and Germany-based Schwarz Group are the subject of an investigation launched by the Czech anti-monopoly office UOHS into suspected abuse of market positions. UOHS said it was investigating whether the retailers abused their market power in the central European country, but gave no further details. Under Czech ...
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NewsShareholders pass all resolutions at Marks & Spencer AGM
All resolutions, including the controversial remuneration report, have been passed by the shareholders in the room at another high spirited M&S AGM.
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NewsDebenhams invests in food service system for store cafes
Debenhams will integrate a food services system from Torex with its existing EPoS system.