All News articles – Page 1700
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News
Lotte Shopping gross sales increase
Department store and hypermarket operator Lotte Shopping has reported a 12.1% increase in gross sales to KRW3.4 trillion (£1.83bn) during its fourth quarter.Operating profit rose 22.2% to KRW260bn (£139.5m). Pre-tax profit was up 17.9% to KRW249bn (£133.6m).
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Latest Woolworths imitator tests fortunes
A Woolworths-inspired store called Wellworth It! will open at Ledbury in Herefordshire, in March.
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NewsTK Maxx parent reinforces senior team as it makes European push
TJX Europe, parent of TK Maxx and HomeSense, has strengthened its management team as it forges ahead with international expansion.
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Retail sales down in Japan
Retail sales fell 0.3% in December from a year earlier, as consumers sought out cheap goods while employment conditions remained unstable.The figure declined for the 16th month in a row, data released by the Ministry of Economy, Trade and Industry showed. Sales at department stores, grocery stores and book stores ...
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NewsPoor January sales drag down retailers
General retailers were hit in the wake of poor January sales data from the British Retail Consortium and wider market turbulence at the end of last week.
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NewsHomebase takes on DIY rivals with revamped value offering
DIY retailer Homebase has this week launched a revamped budget range as it seeks to drive sales in the difficult economic climate.
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Findel debt reduction plan on track
Home shopping group Findel said its debt reduction plan is on track and pledged to restore sales growth to key operations as it updated on the 39 weeks to January 1.
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NewsWaitrose links with chefs for top-end line
Waitrose has this week launched a high-end range in collaboration with three top chefs as it seeks to reinforce its position as a food specialist.
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NewsTM Lewin casts net wider with social networking
TM Lewin has added a social networking area to its website to try to reach new customers and bolster its international presence.
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Venezuelan government might enter a partnership with casino
President Hugo Chavez said he is considering an offer for his government to enter a partnership with French retailer Casino, whose chain of Exito hypermarkets were expropriated earlier this month for allegedly exploiting a currency devaluation to raise prices.Chavez said representatives of the French group “calmly came to talk” with ...
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NewsSnow dampens Carpetright’s third quarter
Carpetright’s group sales rose 7% in the 13 weeks to January 30, but the UK performance was weaker than expected because of the snow.
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NewsCarnaby Street on show in exhibition
Carnaby Street’s landlord Shaftesbury is staging an exhibition to celebrate the 50th anniversary of the famous London shopping destination.
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Metro Canada sales increase
Metro Canada has announced that sales increased 1.7% to CAD2.65bn (£1.56bn) in the first quarter of the year. The rise was achieved despite a slight drop in basket value and tough comparatives last year, when high food price inflation and the temporary closing of several stores of a competitor had ...
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Supermarket sales up in Brazil
Supermarket sales in Brazil rose 5.5% in 2009 on the year before, according to the Brazilian Supermarket Association (ABRAS).The increase was attributed to the rising spending power of low-income groups in the country, which was bolstered by tax cuts on a range of products, including domestic appliances.ABRAS is expecting growth ...
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NewsRepublic rejigs management to bolster growth
Young fashion retailer Republic has restructured its management team to support aggressive growth.
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NewsGunnar Sigurdsson defends Baugur
Former Baugur chief executive Gunnar Sigurdsson has defended the Icelandic investor’s strategy one year on from the group’s spectacular collapse.
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NewsCity backs ‘inspired’ choice for Morrisons chief exec role
The City has welcomed the appointment of Dalton Philips as chief executive of Morrisons, and many analysts expect the grocer to adopt a more aggressive growth plan.
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NewsCity backs Mothercare’s Boots tie-up
Mothercare and Boots have forged a strategic tie-up to create a clothing and accessories range.
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NewsMarc Bolland’s M&S pay deal ‘signals autonomy’
Marc Bolland’s controversial £15m reward package as M&S chief executive will enable him to be independent from predecessor Sir Stuart Rose, who will remain chairman, analysts said this week.
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Woolworths Australian sales up
Woolworths reported Aus$27.2bn (£15.17bn) sales for its first half ended January 3, a 6% increase (excluding petrol sales) on the same period last year.The company said its Australian food and liquor sales for the period were Aus$18.1bn (£10.1bn), a 6.8% increase. Woolworths chief executive Michael Luscombe said supermarkets achieved solid ...