All News articles – Page 1669
-
News
Toolstation kicks off expansion push for 40 stores
Wickes sister brand Toolstation is gunning to expand aggressively.
-
News
Borders sets aside space for e-reader category
Borders is setting up “Area-e” sections inside all its stores that will be dedicated to the growing e-book and e-reader category.The book retailer will offer a wide variety of e-readers for sale as well as a comprehensive array of accessories and extended warranty programmes. Borders expects to complete the roll-out ...
-
News
Fresh & Easy launches EatWell range
Tesco’s Fresh & Easy Neigborhood Market has launched EatWell, a line of 17 new healthy, ready-to-eat prepared meals and sides.The range includes salads, soups, noodle dishes, main courses and other options, with most options selling for $3.99 (£2.46).The EatWell range has been designed to contain fewer than 500 calories in ...
-
News
Blue Square seeks majority stake in Dor Alon
Supermarket operator Blue Square is planning to acquire a majority stake in Dor Alon, which operates 168 convenience stores and 183 petrol stations.Blue Square executive chairman David Wiessman said: “The acquisition would combine the retail operations of the company and Dor Alon into one group creating the largest retail group ...
-
News
Body Shop to expand in India
Body Shop has announced plans to increase its number of stores in India from the current 30 to 150 by the end of 2012.Jonathan Price, managing director of Body Shop International (Asia Pacific), said: “The Indian market is very important for us. It was the fastest growing in the Asia ...
-
News
Fast Retailing profits jump
Fashion group Fast Retailing has announced a 43% jump in operating profit for the first half to February, lifted by strong sales at Uniqlo.Consolidated net sales totalled ¥470.9bn (£3.23bn), rocketing 31.8% year on year. Like-for-likes at Uniqlo stores in Japan rose 13.1% for the period, beating its forecast of 11.2% ...
-
News
7-Eleven aims for 20,000 environmentally friendly stores
Seven & I-owned 7-Eleven plans to have 20,000 environmentally friendly stores across the globe within five years, accounting for about 40% of its operations. The convenience stores will use LED technology for signs and lighting, generate electricity from solar power, feature hot water systems that use waste heat from air ...
-
News
Gome sales fall
Electronics retailer Gome has benefited from its recent store closure strategy.While sales for the year to December 31 fell 7% to Yn42.7bn (£4bn) - the result of closing down 189 underperforming stores - net profit jumped 34.4%.Gome revealed that the government’s stimulus policies helped to lift sales and operating ...
-
News
Technosila could fall to bank control
Electronics retailer Technosila could end up in the hands of MDM Bank as the retailer is not able to pay off its debts.The bank is also expected to receive controlling stakes in Business PRO, Technosila’s main wholesaler, and Multibank, which provided express loans in Technosila stores. MDM Bank has been ...
-
News
H&M sales jump 7%
Clothing retailer H&M has reported results for the first quarter to February 28, with sales jumping 7% to Skr24.85bn (£2.1 bn), compared with the same period last year. In local currencies, the increase was 13%.H&M had 1,992 stores at the end of February, up from 1,748 a year ago. ...
-
NewsEnvy hits the buffers
Updated: Branded fashion retailer Envy has collapsed into administration, with Leonard Curtis appointed administrators.
-
News
Komplett sells Dutch, Belgian and Irish operations
Norway’s online and mail order electronics retailer Komplett has completed the sale of its operations in the Netherlands, Belgium and Ireland to Dutch sector player ParaDigit Holding BV.The takeover also includes a licence agreement that allows ParaDigit to use the Komplett name for its online operations. The Norwegian retailer has ...
-
NewsAsda plans 150 Living stores in bid to be UK’s leading non-food retailer
Asda has confirmed that it is aiming to become the UK’s biggest non-food retailer by growing the number of Asda Living stores fivefold to 150.
-
NewsJaeger targets younger market with new sub-brand
British heritage retailer Jaeger will make a play for a slice of the premium young fashion market in autumn with the launch of a younger, lower-priced sub-brand called Boutique by Jaeger.
-
NewsAbercrombie & Fitch pays CEO £2.5m to curb his use of corporate jet
Abercrombie & Fitch is paying its chief executive $4m (£2.5m) to compensate him for curbing his use of the company’s corporate jet.
-
NewsThe Hut Group raises £14m
Online retailer The Hut Group has raised £14m from investors including former chief executive of Matalan Angus Monro as it gears up for further acquisitions.
-
NewsMore high street retailers caught selling ‘sexy’ kids’ products
Further high street stores have been caught selling sexy clothes for children, according to an investigation by The Sun.
-
NewsPrimark withdraws tots’ padded bikini range after criticism
Value retailer Primark has stopped selling a controversial padded bikini top range for girls as young as seven following criticism from politicians and children’s groups.
-
NewsDebenhams interim profits rise as own-bought strategy pays off
Department store group Debenhams has posted higher than expected interim profits after strong performances from its own-bought ranges and market share gains.
-
NewsPolitical parties address Asda shoppers
Video messages from the three major political parties addressing Asda’s shoppers have been posted on the grocer’s website today.