All News articles – Page 1652
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News
H&M ito open its first store in the southern hemisphere
H&M is looking at opening its first store in the southern hemisphere. Chief executive Karl-Johan Persson said Brazil and Argentina were “very interesting”, but H&M is also looking at Australia. At present none of the retailer’s 2,000 stores are located south of the equator.Persson confirmed that the retailer has the ...
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Whole Foods Market sales increase of 13.1% in Q2
Whole Foods Market reported that sales rose 13.1% during its second quarter to reach $2.1bn (£1.4bn). Like-for-like sales rose 8.7%, while identical store sales, excluding four relocations, increased 7.7%. EBITDA rose 40% to $182.3m (£126.3m), while net income increased 91.3% to $67.4m (£46.7m).The retailer also announced that John Mackey will ...
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Macy's like-for-likes up 5.5%
Macy’s has reported $5.57bn (£3.85bn) sales in the first quarter, an increase of 7.2% compared with the same period last year. Sales were up 5.5% on a like-for-like basis.Online sales (Macys.com and Bloomingdales.com combined) were up 34% in the period.Net income was $23m (£15.9m), compared to an $88m (£60.9m) loss ...
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Nordstrom like-for-likes up 12% in Q1
Nordstrom has reported that net income rose 43.8% to $116m (£80.5m) for the first quarter ended May 1. Total sales rose 16.7% to $1.99bn (£1.38bn) while like-for-likes were up 12%. Multichannel like-for-likes increased 13.7% while full-line like-for-likes rose 11.7% and direct sales were up 38.7%. Nordstrom Rack like-for-likes rose 1.9%.Nordstrom ...
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Walmart to accelerate its roll-out in India
Walmart plans to accelerate its roll-out of wholesale stores in India. Walmart India chief Raj Jain said the retailer plans to open 10 to 12 wholesale centres in India over the next two to three years, bringing forward an earlier target of five years.The move comes as real estate prices ...
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Carrefour to enter India
Carrefour has announced plans to enter India in July with its first cash-and-carry outlet in New Delhi. The retailer will then open three or four more wholesale outlets around the country by the year’s end.The retailer has sourced properties in New Delhi, Bangalore, Chennai and Hyderabad and will soon sign ...
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Tesco appoints chief executive officer of its Malaysian operations
Tesco has appointed Tjeerd Jegen as chief executive officer of its Malaysian operations. He replaces Chris Bush, who has taken over as chief executive of Tesco Thailand.Jegen will be responsible for all areas of the Tesco Malaysia business, from operations to marketing, finance and corporate affairs, across the division’s 33 ...
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Debenhams to open its first department store in South Korea
Debenhams is expected to open its first department store in South Korea at the end of this year. South Korean retailer Deben said it signed an exclusive deal with Debenhams in October last year to open and operate branches of the department store in the country.
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NewsMenswear sales improve at French Connection
French Connection saw like-for-like retail sales in the UK and Europe fall 1.9% for the 14 weeks ended May 14, but performance was ahead of plan and better than last year thanks to improved gross margin and cost controls.
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NewsGreen light for Leeds Trinity scheme
Land Securities plans to resume work on its 750,000 sq ft Leeds Trinity scheme this year as long as deals which are at an advanced stage are completed.
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NewsM&S recruits 1966 World Cup winners to front menswear campaign
Marks & Spencer will launch a new menswear advertising campaign on Friday, featuring players from the 1966 World Cup-winning England team as well as members of the current England squad.
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NewsShop Direct outsourcing to impact 160 jobs
Home shopping business Shop Direct Group is planning to outsource some of its IT and network capabilities which will impact 160 jobs in the business.
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NewsBlueGem agrees terms of offer for Liberty
The boards of Liberty and private equity vehicle BlueGem have reached an agreement on the terms of a recommended cash offer for the luxury department store.
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NewsJames Bidwell leaves Anthropologie
Managing director of Anthropologie Europe James Bidwell has left the retailer after a business restructure made his role redundant.
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NewsJaeger sales flat but EBITDA climbs
Jaeger reported flat sales at £85.5m in the year to February 28, and a 16% increase in EBITDA to £7m.
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NewsEthel Austin reborn as Life & Style
Elaine McPherson, the former owner of Ethel Austin, has secured an injection of funds to launch fashion and homewares chain Life & Style, born from the ashes of the value chain which she rescued from administration for a second time in March.
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NewsSainsbury's launches first TV ad for non-food website
Sainsbury’s has launched its first TV ad campaign for its non-food website.
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NewsOne New Change signs clutch of retailers
One New Change, the new shopping centre located in the City of London, is 90% pre-let or in solicitors’ hands.
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NewsArgos to launch iPhone app
Argos will release an iPhone Application to take advantage of more consumers using Apple mobile devices to access its website.
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NewsIceland’s Malcolm Walker defends former Baugur boss Jóhannesson
Iceland chief executive Malcolm Walker spoken up for Baugur founder Jón Ásgeir Jóhannesson, who was forced to stand down as chair of the grocer yesterday.