All News articles – Page 1697
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NewsThe Entertainer uses focus groups to help create new store format
Toy retailer The Entertainer has overhauled its branding and store format following customer analysis.
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Carrefour likely to sell Moscow leasing rights
Carrefour is likely to sell its Moscow leasing rights to Auchan and OBI, according to Reuters.Carrefour, the world’s biggest retailer, has failed to find one single buyer for all of its three hypermarkets in Russia.
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NewsBoots mulls click-and-collect tie-ups with other retailers
Alliance Boots is weighing up allowing other retailers to use its stores as collection points for online orders, as it accelerates its strategy of forming partnerships withother retailers.
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NewsSir Richard Greenbury defends Marc Bolland’s M&S reward
Sir Richard Greenbury, ex-chairman and chief executive of Marks & Spencer, who led the retailer to profits of more than £1bn for the first time, has defended the reward package given to incoming boss Marc Bolland.
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NewsBlacks seeks funds to rejuvenate store portfolio
Blacks Leisure has taken another step in its turnaround plan with a proposal to raise £20.3m through a placing and open offer.
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NewsSuits You offers better terms to secure CVA
Suits You owner Speciality Retail Group’s proposed company voluntary arrangement is expected to be backed by landlords as the retailer attempts to offer more amenable terms than previous CVAs.
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National retailers join Barclaycard reward scheme
Barclaycard Freedom has signed its first national retailers to join 30,000 companies that were invited to participate in the new reward scheme.
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NewsPeacock Group back on form, says Richard Kirk
Peacock Group chief executive Richard Kirk said the group is expected to report a return to form in the year to March 2010 with EBITDA of £80m.
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Mercadona to test Wincor Nixdorf automated checkout
Mercadona will be the first retailer to test Wincor Nixdorf’s new prototype of a fully automated checkout in the retailer’s laboratory later this month.According to Wincor Nixdorf, the new prototype for an automated checkout will for the first time make it possible to accurately read more than 95% of the ...
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Half of stores and staff under threat at Ethel Austin
The administrator to value fashion retailer Ethel Austin has earmarked half of its 270 stores for closure.
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NewsNext to anchor delayed Leeds scheme
Next has signed for an anchor store in the planned Trinity Leeds development, where it will open one of its largest shops.
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NewsAnalyst opinion mixed as Ocado eyes spring flotation
Online grocer Ocado has moved a step closer to a potential IPO and is understood to be gearing up for a spring flotation.
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Lakeland plans website revamp to aid expansion
Kitchen and homewares specialist Lakeland intends to relaunch its website this year as it lays out plans for expansion in the UK and the Middle East.
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NewsJane Norman sales revive after ‘disappointing’ year
EBITDA fell to £15.8m in the year to March 28, 2009, down from £29.5m the year before, according to accounts filed at Companies House. Sales were flat at £148.8m but heavy markdowns following what it described as a “disappointing” reaction to ranges in the second half of the year led ...
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HobbyCraft top target on Halfords acquisition list
A raft of potential buyers are circling HobbyCraft, including cycling and motoring accessories specialist Halfords and private equity house Isis, ahead of a February 26 deadline for first-round bids.
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Movie Gallery to close 805 stores
Film rental chain Movie Gallery plans to close 805 poorly performing US stores after falling sales and mounting losses led to its second bankruptcy in three years.The closures affect a third of the retailer’s 2,415 US stores and several thousand of the company’s 19,100 employees are likely to lose their ...
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Dollar General to open 600 stores this year
Fixed-price retailer Dollar General is gunning to open a further 600 stores over the next 12 months, creating about 5,000 jobs. The 5,000 anticipated new jobs come on the heels of about 4,000 jobs created by Dollar General in 2009, according to the retailer.Meanwhile, Dollar Tree reported record net sales ...
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Walmart cuts 300 head office jobs
Walmart is to cut 300 jobs at its headquarters in Arkansas as chief executive Mike Duke attempts to cut costs and make the retailer more efficient.In a memo sent to employees, Duke said managers were asked to look for opportunities to eliminate duplication and reduce costs when deciding which jobs ...
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US multiples’ like-for-likes up 3.3%
Retail Metrics reported that its index of multiple retailers’ same-store sales figures rose 3.3% - higher than the 2.4% forecast and the fifth successive month of positive year-on-year sales growth shown by the index.During January high street retailers and department stores reported an increase in sales.Macy’s same-store sales climbed 3.4% ...
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NewsSuperdrug ups value game with £1 cosmetics line
Superdrug will launch a £1 cosmetics collection next month as it seeks to ramp up its value credentials.