All News articles – Page 1691
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News
Loblaw net income up 19.3%
Loblaw reported that net income soared 19.3% to C$550m (£309m) for the financial year to January 2, 2010. Total sales declined 0.2% to C$30.8bn (£17.3bn) while same-store sales slid 1.1%.Executive chairman Galen Weston said: “As we enter 2010 we continue to expect sales and margins to be challenged by deflation ...
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News
Walmart reports sales up 1%
Walmart has reported net sales of $405bn (£260bn) for its financial year to January 31, 2010 - an increase of 1% on the previous year.Income from continuing operations attributable to Walmart increased 8.8% to $14.4bn (£9.2 bn). Full-year net sales from the international division were $100.1bn (£64bn), a 1.3% increase ...
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NewsGap reveals online plans and plots entry into Italy
Gap has confirmed plans to bring a direct ecommerce offer for both its eponymous fascia and Banana Republic to the UK later this year.
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NewsAdili to delist as deal is agreed with investor
Investor Luke Heron is to buy ethical etailer Adili and the retailer will be delisted from AIM.
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NewsFebruary sales outperform expectations says CBI
The UK high street outperformed expectations in February when retailers recorded the strongest growth in sales volumes in over two years, the Confederation of British Industry (CBI) said today.
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NewsAsda promotes Andrew Moore to George MD
Asda has promoted Andrew Moore to the position of managing director for its clothing brand George.
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NewsJJB Sports turnaround man Peter Williams to advise on EMI rescue
Former Selfridges chief executive and JJB Sports director Peter Williams has been drafted in to help with the rescue of troubled music business EMI.
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NewsDunelm’s value proposition drives growth
Dunelm has reported like-for-like sales up 15.4% in its interim results, bolstered by its “simply value for money” proposition.
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NewsEthel Austin and Au Naturale to shut 114 stores and make 1,048 redundancies
The administrators of value clothing chain Ethel Austin and sister homewares retailer Au Naturale have confirmed the closure of 114 stores and 1,048 redundancies.
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NewsTJX Europe full year like-for-like sales ahead 5%
TJX Europe, the operator of off-price retailer TK Maxx, said like-for-like sales rose 5% in the full year to January 30.
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NewsShop Direct to keep Welsh call centre open until end of December
Home shopping group Shop Direct has delayed plans to close one of its call centres in Newtown, Wales after talks with unions.
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NewsBooks Etc website goes down two days after launching
The Books Etc website has gone down just two days after launching.
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NewsHabitat makes redundancies as prelude to growth
Furniture and homewares retailer Habitat has unveiled a voluntary redundancy programme to cut costs, alongside a trading uplift and expansion plans.
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NewsMorrisons to wireless-enable manufacturing sites
Morrisons is to spend £1.5 million introducing wireless networks and devices at five of its manufacturing plants.
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News
Customer satisfaction with top retailers improves
Customers’ satisfaction with retailers improved for the first time after three quarters of small declines, according to the National Customer Satisfaction Index.
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NewsHouse of Fraser to open first overseas shops in Middle East
House of Fraser has entered into a partnership with Retail Arabia International to open stores in the Middle East.
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NewsWickes full year profits soar
DIY retailer Wickes experienced a 2.4% decline in like-for-likes in the seven weeks to February 20, but full year profits soared as the chain grew its market share.
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NewsOcado appoints former Reuters director as non-exec
Ocado has lined up former finance director of Reuters David Grigson as a senior non-executive director.
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NewsBlacks delays fundraising meeting
Updated: Blacks Leisure postponed its general meeting today in order to continue negotiations with Sports Direct which had planned to block proposed fundraising by the outdoor specialist.
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NewsAsda income tracker: UK family no better off in January than last year
The average UK family was no better off in January than a year earlier, marking the second consecutive month where there was no change in discretionary income, according to the Asda Income Tracker.