All News articles – Page 1656
-
News
Ikea postpones Ukraine expansion plan
Ikea has postponed a plan to build a network of stores in Ukraine.Oksana Belaichuk, Ikea’s public relations director for Russia and the Commonwealth of Independent States, said: “The leadership of the Ikea group of companies has decided to suspend the search for new land plots and temporarily postpone the plan ...
-
News
X5 to increase Express Retail stake
X5 Retail Group has announced an agreement to acquire an additional 20% stake in Express Retail for $6m (£4m).Express Retail is a joint venture operating 52 Perekrestok-Express convenience stores around Moscow, and is developing several franchising projects in this segment. The purchase brings X5’s total ownership interest to 60% of ...
-
News
ICA Group reports increased sales
Ahold’s ICA Group has reported increased sales and improved operating income for the first quarter of 2010.Net sales for the first quarter amounted to Skr22.72bn (£2.11bn), up 0.7% on the same period last year. At constant exchange rates, net sales grew 1.7%. Operating income amounted to Skr620m (£57.51m), up ...
-
NewsNational Insurance rise scrapped, new Government confirms
The new Conservative-Liberal Democrat coalition Government has this afternoon confirmed it will scrap part of Labour’s planned rise in National Insurance.
-
NewsFaith administrator rejects bids
Mazars, the administrator handling the beleaguered footwear chain Faith, has rejected two bids to acquire the business and has shut down 44 of its standalone stores.
-
NewsMarks & Spencer outlines pension funding plan
Marks & Spencer has outlined the plan for its £800m pension scheme funding plan.
-
NewsSir Stuart Rose admits he considered taking M&S private
Sir Stuart Rose, the chairman of Marks & Spencer, has admitted he considered taking the chain private to allow it to concentrate on long-term planning.
-
NewsMarks & Spencer launches mobile-optimised website
Marks & Spencer has launched a new version of its website optimised for use on mobile phones.
-
NewsSales leap at Liberty
Sales at upmarket department store Liberty rose 40% in the first four months of this year, owner MWB has reported.
-
NewsFlying Brands sales start to pick up
Jersey-based home shopping group Flying Brands will say at its AGM today that sales in its garden division in the year to May 7 hit £10.3m, down slightly on the £10.5m for the same period last year.
-
NewsKesa sales hit by January’s ‘extremely poor weather’
Kesa group like-for-likes dropped 1.2% from January 9 to April 30 as poor weather hit sales, but the retailer said it expects full year adjusted pre-tax profits to be “significantly ahead of last year”.
-
NewsWaitrose like-for-likes up 3.4%
Waitrose has reported its like-for-like sales for the 13 weeks to the end of April are up 3.4%.
-
NewsAdministrators plan closure of nine Vergo Retail department stores
The administrators of Vergo Retail, the department store group which owns Lewis’ in Liverpool, Joplings in Sunderland and Robbs in Hexham, is set to close nine of its stores within the next month in an attempt to stem losses and keep the rest of the business trading.
-
NewsMarks & Spencer opens first Hong Kong food store
Marks & Spencer opened its first Hong Kong standalone food store today after a successful trial of its Food to Go range in four shops there.
-
-
NewsInternational spend hit by flight ban in April
International shopper spend in the UK fell 16% year-on-year in April as the volcanic ash cloud impacted tourism.
-
NewsAsda marketing chief Rick Bendel to oversee trading operations on interim basis
Asda international chief marketing officer Rick Bendel is to oversee trading operations after the sudden departure of chief merchandising officer Darren Blackhurst last week.
-
NewsSuperGroup full year sales soar 83%
SuperGroup, the young fashion business which owns brand Superdry and retail chain Cult, said that full-year group sales rose 83% to £139m in its first figures since it joined the stock market.
-
NewsApril retail sales hit by early Easter and pre-election jitters
Retail sales fell 0.2% in April, 2.3% on a like-for-like basis, with sales for the month impacted by an early Easter.
-
NewsWaterstone’s unveils new branding
Waterstone’s has unveiled its new branding on its website today ahead of a “major” launch in stores this Thursday.