All News articles – Page 1683
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NewsM&S well placed to convert top-up shoppers and lift profits
Marks & Spencer could add as much as £35m to gross profits by persuading occasional food shoppers to purchase more often, research by broker Oriel suggests.
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Shoprite confirms plan to exit India
Shoprite group chief executive Whitey Basson has confirmed that the retailer is preparing to exit India.Speaking at the South African-based retail group’s interim results, Basson said the decision was due to constraining legislation and price rules that made a single-store operation unprofitable.The retailer has been operating a hypermarket in Mumbai ...
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Marinopoulos to face Competition Committee probe
Carrefour’s greek arm Marinopoulos will face the Competition Committee at the end of April, according to reports in the local press.Carrefour Marinopoulos faces charges that it violated competition regulation in respect of its franchising model and the operations of its 5’ Marinopoulos grocery stores network. The retailer is reportedly accused ...
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NewsSuperGroup close to IPO target despite City jitters
SuperGroup was expected to achieve an IPO valuation of £395m as Retail Week went to press.
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NewsFlowers direct chief moves to Shop Direct
Shop Direct has appointed Jonathan Wall, chief executive of online florist Flowersdirect.co.uk, as its new ecommerce director.
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Danish fashion chains sign dual fascia in London
Danish fashion chains Jack & Jones and Vero Moda will open a dual fascia shop on Oxford Street, London.
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NewsN brown eyes mature shoppers
Home shopping group N Brown has launched two brands targeting men aged 45 to 60 and women aged 50 to 64.
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Encouraging BRC data helps lift retail shares
A rally late last week and evidence from the BRC February sales data that non-food sales recovered after January’s snow hit helped general retailers rise above the All-Share index.
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Tesco muscles in on the growing bicycle market
Tesco has quietly opened “bike shops” in eight of its stores, muscling in on specialists such as Halfords and Evans.
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NewsSainsbury’s considers sale and leasebacks to back expansion
Grocer mulls funding options to support aggressive growth plans in non-food and convenience
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NewsArnotts enlists help
Irish department store Arnotts’ banks have drafted in a team of specialists including former Brown Thomas chief executive Nigel Blow to identify growth opportunities at the troubled business.
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NewsArgos suffers customer data security breach
Argos has acted to improve online shoppers’ security after it emerged an undisclosed number of customers’ credit card details could have been made vulnerable to fraud.
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NewsAll Saints takes Nokia’s Regent Street flagship
Fashion retailer All Saints has signed for the former Nokia store on London’s Regent Street.
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NewsBroker unconvinced by Alexon’s fundraising
Womenswear specialist Alexon has unveiled plans to raise £20.3m to accelerate its turnaround.
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NewsB&Q ads challenge Homebase on price
B&Q has fired the first salvo in what could be a savage price war in the DIY sector as the home improvement giant takes aim at rival Homebase.
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NewsGrocers pledge jobs and training to address youth unemployment
Grocers Tesco, Sainsbury’s and Asda have vowed to create more jobs, invest in more training and called on the Government to improve education.
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Suning sales up to £5.46bn
Consumer electronics retailer Suning has reported that preliminary full-year net sales jumped 16.8% to Yn58.3bn (£5.46bn) against the previous year. Net profit hit Yn2.88bn (£269.9m), up 32.8% year on year. Comparable store performance improved 7%. Suning opened 182 stores in 22 cities over the year, and closed 53 stores.
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NewsLiberty to be snapped up in £40m deal with BlueGem’s Marco Capello
Marco Capello, the former managing director of Merrill Lynch Global Private Equity, is poised to buy the Liberty business via his investment fund BlueGem Capital Partners.
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Schlecker to close 32 stores in Belgium
German drugstore group Schlecker expects to close 32 of its 36 stores in Belgium by the end of this year.The decision comes after it was revealed that Schlecker will also axe its stores network in the Netherlands.Schlecker’s online store for Belgium, the Netherlands and Luxembourg was axed in late February. ...
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Casino posts £23.8bn net sales
Casino reported €26.75bn (£23.8bn) net sales for 2009 - a 1.2% decrease against the previous year. Trading profit slid to 4.5% to €1.21bn (£1.1bn) on the previous year. In France, sales declined by 3.8% on an organic basis, or 2.7% excluding petrol. Meanwhile, Casino’s online general merchandise business Cdiscount reported ...