All News articles – Page 1672
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News
Rite Aid revenues slide 2.4%
Pharmacy retail giant Rite Aid has posted a year-on-year revenue decline of 2.4% to $25.7bn (£14 bn) for 2009, primarily as a result of 121 net store closures and a decline in same store sales of 0.9%.Same store retail sales slid 2.9%, while pharmacy sales rose 0.1%. The number of ...
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News
AS Watson total revenues down 2%
Total revenues at Hutchison Whampoa’s AS Watson retail division shrank 2% to HK$116.09bn (£9.81bn) for the 2009 full year, but climbed 5% on a constant currency basis.However, EBIT soared 30% to HK$5.69bn (£480.7m) due to continued improvement in costs, operational efficiency and cautious expansion. AS Watson plans to double its ...
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News
Otto sales up 1.5%
Retail and services company Otto Group posted sales up 1.5% to €10.14bn (£9.3bn) on a comparable basis in the year to February 28, 2010.The German group’s operating profit is expected to be “well above the previous year”, the group said. A key growth driver was its ecommerce business, which ...
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NewsGap sales continue to grow
Gap sales have continued to improve both in the US and internationally with like-for-like sales in March ahead 11% across the group compared to an 8% fall for the same month last year.
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NewsMorrisons’ new boss Dalton Philips awarded £6m reward package
New Morrisons chief executive Dalton Philips’ total remuneration package amounts to £6m, it has emerged.
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NewsPlay.com appoints new chief executive
Entertainment etailer Play.com has appointed a new chief executive, former Apple director John Perkins.
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NewsSir Stuart Rose attacks Prime Minister’s ‘unhelpful’ response to NI appeal
Marks & Spencer executive chairman Sir Stuart Rose has criticised Prime Minister Gordon Brown’s unhelpful attitude towards business leaders who lent their support to the Conservative Party’s position on National Insurance.
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NewsSports Direct makes offer for Faith
Mike Ashley’s Sports Direct is among five bidders to have made offers for footwear specialist Faith, it is understood.
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News
MPs pass bill targeting illegal downloaders
The controversial Digital Economy Bill designed to curb online piracy was forced through Parliament last night.
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NewsFaith attracts investors
Footwear retailer Faith has received offers of investment and said it expects to complete a deal within “the next few days”.
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NewsJohn Lewis launches new department to tempt international shoppers
John Lewis is launching a new department in its Oxford Street store to lure international shoppers.
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NewsStrong start to the year for H&M
Swedish fashion group H&M has announced a strong first quarter with sales up 7% in the three months to February 28.
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NewsM&S Q4 sales beat expectations
Marks & Spencer has revealed a 5.1% increase in fourth quarter like-for-like sales, well above expectations, driven by a strong performance from general merchandise.
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NewsCard Factory to be sold to Charterhouse
Card Factory is poised to be sold to private equity firm Charterhouse for more than £350m, sources familiar with the situation have told Retail Week.
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NewsMango sales up 5.7% as international expansion gathers pace
Spanish fashion brand Mango has announced total sales rose 5.7% to €1.48bn (£1.3bn) excluding VAT in 2009 and has confirmed that it will open its 1,500th global store in 2010.
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NewsMore retailers back Tories on National Insurance
More leading retailers came out in support of the Conservatives’ stance on a National Insurance as the general election campaign got under way.
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NewsSainsbury’s launches Nectar credit card
Sainsbury’s Finance has launched two credit cards aimed at Sainsbury’s shoppers, promising low interest rates and in one case bonus Nectar card points for its customers.
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NewsSmall retailers oppose call for longer Boxing Day trading hours
The Association of Convenience Stores (ACS) has rejected the need for a relaxation in Sunday trading laws that would allow retailers to trade for longer on Boxing Day this year.
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NewsWest End sales boosted by inclement Good Friday
Poor weather and early Spring/Summer fashions sales and bumper volumes of gift food transactions helped to drive respectable retail sales in London’s West End over the Easter Bank Holiday weekend.
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NewsFood inflation falls to three-year low
Food inflation fell to a three-year low and overall shop price inflation slowed in March to 1.2% from 1.7% in February according to the latest figures from the British Retail Consortium (BRC).