All News articles – Page 1661
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NewsDSGi ramps up team as Best Buy threat mounts
Electricals giant DSGi has poached supply chain expert Danielle Williams from Comet to beef up its commercial team as it prepares to square up to rival Best Buy, which opens its first UK store today.
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NewsN Brown to launch health and beauty site
N Brown will launch its first dedicated health and beauty site this year, after reporting full-year profits for the home shopping group that exceeded expectations.
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NewsCarphone Warehouse riding high on back of demerger
The launch of US electricals giant Best Buy in the UK grabbed the headlines this week, but it was also parent company Carphone Warehouse’s first trading update since its demerger last month.
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NewsAvatar set to bust DVD sales records and become biggest Blu-ray release
The DVD and Blu-ray release of blockbuster film Avatar has set the tills ringing in stores and online and is predicted to become one of the biggest releases of all time.
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NewsWHSmith shines despite ash cloud dampening sentiment
WHSmith’s group pre-tax profit edged up 2% to £62m in its first half but despite beating analyst expectations, upgrades were dampened by the retailer’s airport stores being closed during the volcanic ash crisis.
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NewsAsda guns for share with price guarantee
Asda this week fired the latest salvo in the supermarket price war with the launch of a price guarantee as it tries to stem its market share decline.
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NewsFocus on food, City tells Bolland as first day at M&S approaches
New Marks & Spencer chief executive Marc Bolland has been urged to focus on getting the company’s food business back on track when he joins the company next week.
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NewsAlexon turnaround on track despite pre-tax loss
Womenswear retailer Alexon said it is on track with its turnaround plans, despite posting a £900,000 pre-tax loss for the year to January 30, against a profit of £10.8m the previous year.
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NewsArgos aims to fend off supermarket competition with store revamps
Argos is to embark on a £70m makeover of its stores for the first time in a decade as it fights off stiff competition from the supermarkets.
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NewsLord Kirkham upbeat after ‘bittersweet’ DFS exit
DFS founder Lord Kirkham has described the sale of his sofa chain to private equity firm Advent as “bittersweet” but vowed that the business would do “more of the same but at a much faster rate”.
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NewsSupplier to relaunch Adams
Kidswear retailer Adams is poised to be relaunched on the high street after the brand name was bought out of administration by one of its suppliers.
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NewsAbercrombie & Fitch sister brand Gilly Hicks signs to debut at Westfield London
Abercrombie & Fitch sister brand Gilly Hicks will make its debut in the UK this autumn after signing its first store at Westfield London.
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NewsH&M makes sustainable cotton pledge for 2020
Fashion giant H&M has committed to source all cotton from sustainable sources by 2020 at the latest.
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NewsScotmid breaks £10m barrier in full-year results
Scotmid, the largest independent Scottish co-operative, has reported operating profit up 18% to £10.2m in its full-year results, marking the first time it has broken through the £10m barrier.
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NewsBest Buy promises opening weekend bonanza
US electricals giant Best Buy opens its doors to the public for the first time on Friday and will mark the occasion with four days of activities over the May Bank Holiday weekend.
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NewsSainsbury’s revamps tills to reduce queuing times
Sainsbury’s has invested in “cutting edge” technology to improve its self-service and manned tills, which it said will reduce customer queuing time by 500,000 hours a year.
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NewsHobbyCraft sold to Bridgepoint Capital
HobbyCraft has been sold in a management buyout backed by private equity firm Bridgepoint Capital, as predicted by Retail Week last week.
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NewsPositive sales for PPR in first quarter
French retail group PPR reported a positive first quarter with sales up 1.3% on a like-for-like basis to €4.1bn (£3.56bn) in the first quarter of the year.
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NewsWalmart is world’s most valuable retail brand
Walmart tops a list of ten retailers found to be among the world’s 100 most valuable brands, according to research commissioned by WPP.
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NewsHMV Group Q4 like-for-likes slump 13.2%
HMV Group has reported difficult fourth quarter with like-for-likes slumping 13.2% but said its full year pre-tax profits will meet City expectations.