All News articles – Page 1686
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Dunelm eyes expansion as profit and sales impress City
Dunelm’s pre-tax profits rocketed 69.3% to £46.2m in the 26 weeks to January 2 and the retailer is to double the size of its warehouse to support future expansion.
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Hotel Chocolat outlines growth plan
Hotel Chocolat is to open between 10 and 15 stores this year, after reporting a strong start to the year with like-for-like sales up 14% in January.
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Gieves & Hawkes hunts for new chief executive
Savile Row menswear retailer Gieves & Hawkes is seeking a new chief executive after boss Steve Walton returned to Hong Kong because of family commitments.
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NewsPoundland founder to launch mid-market variety chain
Dave Dodd unveils vision for 200-strong national chain Hub, with first stores to be open in three months
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Walmart to reduce supply chain greenhouse gas emissions
Walmart wants to eliminate 20 million metric tons of greenhouse gas emissions from its global supply chain by the end of 2015.The target figure represents 1.5 times the retailer’s estimated global carbon footprint growth over the next five years and is the equivalent of taking more than 3.8 million cars ...
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QVC’s UK sales bolstered by second-half lift
UK sales at TV shopping business QVC climbed 2.3% to £367.9m in 2009 after a stronger second half.
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Topshop and H&M push into beauty market
Young fashion retailers are branching out into the beauty market with own-brand products to sell alongside their clothing ranges.
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NewsGeorge at Asda to push multichannel and overseas growth under new boss
George at Asda is expected to concentrate on value, multichannel operations and international growth when its new managing director Andrew Moore takes the helm next month.
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New Ascension owner vows it will ‘turn corner’
The new owner of Ascension, formerly Adili, is confident the business can grow with a fresh start.
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Game to shrink portfolio amid tough trading
Entertainment retailer Game is to shut 18 stores and all of its 25 Debenhams concessions as it reviews its property portfolio in the face of “tough market conditions in 2010”.
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Heal’s in talks to shutter ailing Manchester store
Upmarket furniture retailer Heal’s is in negotiations with the landlord of its Manchester store to exit the site, after disappointing sales and a decision to focus more on its online arm.
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NewsCity sees opportunity as shares fall again
General retailers had another poor week and have lost about 10% of their value this year.
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Soriana sales down 5.5%
Mexican grocery retailer Soriana posted a like-for-like sales decline of 5.5% in its 2009 financial year.Net consolidated profit soared 66.4% to MXN2.9bn (£152.4m) against 2008, while net sales fell 4% to MXN91.8bn (£4.8bn). During the period, the retailer managed to make savings of MXN1bn (£52.6m) through its efficiency plan.By the ...
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Kohl’s sales up 4.8%
Department store operator Kohl’s achieved net income of $991m (£664.6m) last year compared with $885m (£593.5m) the previous financial year.Net sales climbed 4.8% to $17.2bn (£11.5bn) and comparable store sales increased 0.4% against the previous year. Kohl’s ended the year with 1,058 stores in 49 states; it opened 56 outlets ...
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NewsRiver Island to muscle in on £4.6bn childrenswear market
River Island has set its sights on a slice of the £4.6bn kidswear market, joining a raft of middle-market players taking advantage of parents shopping in its stores.
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ITM sales reach €34bn
Sales at grocery group ITM hit €34bn (£30.8bn), including petrol, for the 2009 financial year.In France, its Intermarché chain achieved sales growth of 1.5%. Globally, excluding petrol and its industrial production facilities, it increased sales 0.7% to €25bn (£22.7bn), and expanded its total sales area by 1.94 million sq ft.ITM ...
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Carrefour to close 21 Belgian stores
Carrefour plans to close 21 stores in Belgium and cut 1,672 jobs in the country.14 of its 56 Belgian hypermarkets and seven of its 378 Belgian supermarkets will close by June 30. An additional 30 stores will be sold. In total, nearly a third of the hypermarkets and nearly half ...
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NewsRWC2010: Carpetright’s Lord Harris warns 2010 will be tougher than last year
Carpetright founder and chairman Lord Harris believes 2010 could shape up to be tougher for retailers than 2009.
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Mercator revenues down 2.4%
Local retailer Mercator generated revenues of €2.6bn (£2.4bn) in 2009 - a 2.4% decrease, which it attributed to the depreciation of the Serbian currency.The group’s profit plummeted 48.2% year on year to €21.1m (£19.1m), which it attributed to the economic turmoil.Mercator’s expenditure halved to €159.2m (£144.4m) in 2009, yet it ...
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NewsWaitrose targets £10bn sales
Managing director Mark Price on a mission to remain fastest-growing grocer and grab market share