All News articles – Page 1638
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NewsFeather & Black set for new phase of growth
Bed specialist Feather & Black has revealed a 40% uplift in like-for-like sales in the eight months to June 1 and has hired former Harrods Direct marketing director Alison Lancaster to the new role of marketing director.
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NewsIn Focus: B&M Bargains
B&M is the chain more than any other that our contacts have remarked that they have begun to notice, but about which they know very little.
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NewsTed Baker targets China and Japan for big roll-out
Quirky fashion retailer Ted Baker is targeting China and Japan as it continues its aggressive international drive.
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NewsBack to black for Space NK with customers ‘cautiously optimistic’
Beauty specialist Space NK has pulled itself out of the red with pre-tax profits in the year to April 30 of £270,000, against a pre-tax loss of £1.4m the previous year.
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NewsMajestic Wine’s broadened appeal drives sales up
Majestic Wine is confident it will continue to widen its appeal and forge growth despite the difficult climate, after it posted a 117% lift in pre-tax profits to £16m.
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Analysts see Alexon opportunity
Alexon reported a 5.4% drop in like-for-like sales in the 19 weeks to June 12 - an acceleration on the first 11 weeks when sales fell 4%.
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NewsGeorge at Asda pushes for wider appeal to double sales in 5 years
George at Asda is introducing a series of initiatives to broaden its appeal as it attempts to double sales within five years.
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NewsHalfords seeks more deals as profits soar 27%
Car parts and cycles retailer Halfords is revving up to acquire more businesses after full-year figures showed the business is motoring.
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NewsCity takes Q1 grocery slowdown in its stride
Grocers lagged the market as lower food price inflation contributed to lacklustre first-quarter like-for-like growth at Sainsbury’s and Tesco - 1.1% in each case before the VAT change is taken into account.
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NewsJJB Sports chairman John Clare to be paid in shares
JJB Sports’ chairman John Clare has shown his confidence in the recovery of the sports chain by taking a share award only for his role at the retailer rather than cash.
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NewsRetail sales up 4.4% in May, ONS says
The value of retail sales rose by 4.4% in May, with sales volumes ahead 2.2% on last year, according to the Office for National Statistics (ONS).
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NewsArgos iPhone app hits 500,000 downloads
Argos’ iPhone app has been downloaded more than 500,000 times in the three weeks since it launched.
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Toys R Us Q1 net sales up 5.3%
Toys R Us posted $2.61bn (£1.77bn) net sales for the first quarter of 2010, a 5.3% increase on the previous year. Domestically like-for-like sales grew 1.9% , while international like-for-likes declined 1.4%.
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Dollar General sales jump 11.9%
Dollar General revealed a sales jump of 11.9% to reach $3.1bn (£2.1bn) for the first quarter of 2010. Like-for-like sales grew 6.7%, compared with 13.3% for the same period last year. Customer traffic and average transaction both contributed to the increase and the group reported that sales were strongest in ...
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Spinneys close to deal to open hypermarkets in Libya
United Arab Emirates-based retailer Spinneys is close to signing a deal to open two hypermarkets in Libya. Spinneys chief executive Michael Wright said: “The next market we will be entering is Libya, where we have an arrangement on the table. The first hypermarket should be open by the end of ...
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Atlantic sales down 18.5%
Supermarket chain Atlantic posted an 18.5% sales decrease to €106m (£88m) in the first quarter of 2010, while net losses increased from €2.4m (£1.9m) to €2.9m (£2.4m) year-on-year. Revenue in its retail outlets dropped 13.5%, while revenue in Atlantic’s wholesale business decreased 25.8% year-on-year.
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Euroset to remodel Russian stores
Mobile telephone operator Euroset will remodel its 3,000-plus stores in Russia after having negotiated a bank loan to finance the move. Euroset plans to increase its sales per square metre through the installation of modern store equipment, which, it says, should attract more consumers.
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Furshet to launch discount format
Retailer Furshet has announced it will launch a discount format Narodny (National) in reaction to the difficult economic climate in Ukraine. Narodny outlets will each comprise 43,000 sq ft to 64,000 sq ft and offer about 16,000 product lines.
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Samsung Tesco Homeplus in talks to take over Kim’s Club Mart
Samsung Tesco Homeplus, Tesco’s South Korean venture, is in negotiations to take over local retailer Kim’s Club Mart. It has been reported that Samsung Tesco Homeplus has agreed to buy 98% of Kim’s Club Mart for KRW300bn (£165m).
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Ito-Yokado plans monthly Sales
Seven & I-owned general merchandise retailer Ito-Yokado plans to conduct monthly Sales of hard-to-sell products at discount prices. The products include goods in damaged or out-of-style packaging, out-of-season items and those nearing expiry dates.