All News articles – Page 1666
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NewsNext boss Simon Wolfson lined up for House of Lords seat
Next chief executive Simon Wolfson has been put on a list of proposed peers put forward by the Conservative party, renewing speculation that he may pursue a career in politics.
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NewsDobbies reports record sales at £104m
Tesco-owned garden centre retailer Dobbies recorded a 6.2% increase in like-for-like sales in the year to February.
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NewsGame’s two most senior executives exit
Game’s two most senior executives, including chief executive Lisa Morgan, have stepped down from the business as it revealed sharp falls in full year profits and turnover, and announced plans to close more than 100 stores.
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Casino Q1 sales up
Casino has posted a 5.6% first-quarter sales increase, including calendar effects and higher petrol price, to reach €6.61bn (£5.8bn), with a 16.4% jump in international markets and a 0.4% gain in the struggling French market.International operations, which accounted for 36% of sales, showed a sharp acceleration in organic growth during ...
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Saks to close 53 stores
Premium department store chain Saks plans to close up to 20 of its 53 full-line Saks Fifth Avenue stores over time.The exact number of store closures and their timing has not yet been announced, although the company closed its Portland, Oregon store last month. Instead, Saks is pursuing growth through ...
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Carrefour to enter Iraqi market
Carrefour has unveiled more details about its entry into the Iraq market.The retailer’s franchise partner in the Middle East, Majid Al-Futtaim, is looking to open its first Iraq store in September at the Family Fun Mall, a premium shopping and entertainment complex soon to open in Erbil in the Kurdistan ...
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Thai Office Depot franchise generated sales of £52m in 2009
Central Retail has revealed its Office Depot franchise generated sales of Bt2.8bn (£52m) in 2009.Managing director Somchai Tawonrungroaj said that Office Depot’s key success factors were business expansion (two new stores opened during the year) and an increase in the number of private-label products sold.Tawonrungroaj said: “For the business direction ...
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Aeon to expand The Big hypermarkets
Aeon has announced plans to boost its number of The Big hypermarkets. Aeon currently operates about 30 stores trading under The Big brand name.The company said that it would increase The Big store numbers seven-fold over the next three years, to 200 stores.The group also plans to convert its MaxValu ...
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First Labi flagship for Shinjuku
Japanese consumer electronics retailer Yamada Denki has opened its first Labi flagship store in Tokyo’s Shinjuku district.The 84,820 sq ft store is spread over nine floors and is expected to generate annual sales of ¥50bn (£342m). The store has a special dedicated area devoted to women in order to attract ...
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Carrefour to sell 40% of Indonesian business
Carrefour has agreed to sell a 40% stake in its Indonesian business to Para Group, a company that already operates more than 300 retail stores.Carrefour said the partnership will generate synergies with Para operations, particularly in financial services, media and lifestyle.Carrefour operates 78 stores in 22 Indonesian cities and plans ...
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X5 could purchase A5 pharmacies
X5 Retail Group could purchase the A5 Pharmacy Chain in 2011 as part of a recent agreement, chief executive Lev Khasis has said. The price of the deal will depend on the chain’s results in 2010.X5 Retail Group said in May 2009 that it planned to open A5 Pharmacy Chain ...
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Auchan revenue up 0.5% in 2009
Hypermarket operator Auchan revealed that consolidated group revenue excluding taxes grew 0.5% to €39.7bn (£35.4bn) in 2009.Group revenue decreased 2.8% in Western Europe due to the economic slowdown. This zone continues to account for more than 76% of the group’s revenue.Revenue grew 12.9% in Central and Eastern Europe and Asia, ...
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Carrefour Q1 sales up 5.5%
Carrefour has recorded a 5.5% rise in first-quarter sales to €23.96bn (£21.4bn). French retail sales rose 2.1% due to strong growth from supermarkets, although hypermarkets continued to suffer with like-for-like sales down 1.2%.Western Europe, excluding France, also struggled in the period with like-for-likes down 2.4%. Growth was primarily driven from ...
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NewsCPI inflation rises to 3.4% in March
Consumer price inflation rose year-on-year to 3.4% in March compared to 3% in February, the Office for National Statistics reported.
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NewsJohn Lewis launches £6m ad campaign
John Lewis will launch its biggest ever TV advertising campaign on Friday to push its “never knowingly undersold” policy.
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NewsBurberry expects record profits as UK outperforms
Burberry said its full-year profits will be “at record levels” following a stronger than anticipated end to the year.
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NewsFlying Brands’ garden division suffers from bad weather
Flying Brands’ garden division has been behind expectations due to bad weather with sales of bedding plants during spring.
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NewsTesco tops £3.4bn profits
Tesco has recorded a 10.1% increase in underlying pre-tax profit to £3.4bn in its full year results, in line with City estimates.
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NewsThorntons warns on profits after Easter disappoints
Chocolates specialist Thorntons has issued a profits warning after the crucial Easter trading period failed to live up to its hopes.
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NewsPrimark sales and profits soar
Primark grew sales 19% to £1.26bn and profits 18% to £144m in the 24 weeks to 27 February.