All News articles – Page 1711
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NewsWork restarts on Wakefield Trinity Walk shopping centre
The stalled development of Trinity Walk in Wakefield has restarted with builders back on site aiming to hit its spring 2011 opening deadline.
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NewsDunelm and Topps Tiles stay cautious despite sales jump
The homewares and home improvement market got a qualified vote of confidence as value homewares group Dunelm posted strong Christmas trading and flooring specialist Topps Tiles reported that its financial year had started well.
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NewsBrightHouse eyes South for portfolio growth
Rent-to-own electricals and furniture retailer BrightHouse is confident it can maintain growth in 2010 after reporting strong Christmas figures, with like-for-like sales up 9% in the 13 weeks to December 24.
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NewsBlue Inc helped to record year by young customers
Blue Inc has reported like-for-like sales up 7% in the three weeks to January 4, helping the young fashion chain to post a record year.
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NewsTraditional toys secure best ever sales for The Entertainer
Toys retailer The Entertainer is to steam ahead with expansion after recording its “strongest trading in the company’s history” in 2009.
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NewsBest Buy picks UK merchandise system
US electricals giant Best Buy has selected to use a merchandise system for the roll-out of its UK stores.
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NewsB&M Bargains’ expanded store portfolio helps lift sales
Value variety store retailer B&M Bargains achieved strong like-for-like sales in the four weeks to December 26, which were up 9% on last year.
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NewsInnovative product lifts Ted Baker’s festive sales
Ted Baker celebrated strong Christmas trading as retail sales rose 19.1% year on year between November 1 to December 24.
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Auchan to launch new discount store
Hypemarket operator Auchan is to launch a new discount format at Mulhouse in eastern France, by rebranding one of its underperforming stores.The store will adopt a new banner, called Priba by Auchan. Employees of the store were told about the change on December 24 by store director Marc Du Colombier.The ...
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NewsMorrisons’ attention turns south with property team
Morrisons is understood to have set up a property team in the south of England as it seeks to ramp up its expansion in the region.
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Al Hokair to expand in the Middle East
The board of Saudi Arabian retailer Al Hokair has approved an expansion plan that covers Kazakhstan and could eventually include Egypt, Jordan and the United Arab Emirates.The group, which specialises in fashion retailing - including franchises for Inditex and M&S - and foodservice, would not disclose further details, saying only ...
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NewsEyes on Boots ad
Boots Opticians has launched a TV ad campaign this week to promote its “Free Second Pair” offer.
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NewsBlacks to make Millets more accessible with new ranges
Blacks is to invest in new ranges and its store portfolio as it claims its restructure has placed the outdoor specialist in a stronger position for growth.
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Fast Retailing revenues up 40%.
Fashion giant Fast Retailing revenues rocketed 40% year on year for its first quarter to November.Same-store sales jumped 21% and operating profit soared 49% to JPY61.1bn (£419m).Fast Retailing said the performance was driven by new products, the opening of its Paris Uniqlo global flagship store, the launch of the +J ...
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Jerónimo Martins sells 35 discount stores
Portuguese retail giant Jerónimo Martins has sold 35 of its Polish Biedronka discount stores to local player Presspo so it complies with Polish Competition Commission requirements for its acquisition of the Tengelmann-owned Plus discounter chain in Poland.The Commission said Jerónimo Martins must sell 38 Biedronka stores before it would give ...
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NewsPeacocks: value sector to thrive in 2010
Peacocks said the value sector will continue to “flourish” in 2010, after reporting solid Christmas trading and better than expected like-for-like sales in the new year.
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Lawson revenue hits £2.3bn
Operating revenue at convenience store player Lawson hit JPY339.7bn (£2.3bn) for the nine months to November 30, 2009.Operating profit came in at JPY44bn (£302m), while net profit was JPY23bn (£158m).The results came during a difficult trading environment for Japanese convenience stores, with relatively bad weather coinciding with a decline in ...
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Target sales up 1.8%
Retailers’ sales for the festive period were boosted by last-minute shopping and reduced pre-Christmas discounting, thanks to tighter management of inventories in the run-up to the holidays.Like-for-like sales at discounter Target rose 1.8% year on year; fashion giant Gap’s like-for-likes were up 1%, including a 7% rise at its cheaper ...
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Magnit to invest $1bn in development
Sergey Galitsky, the chief executive of Russian grocer Magnit, has revealed that the company is planning to invest up to $1bn (£619.8m) in development this year.Magnit has doubled the number of new store openings it expects, compared with the target it gave last October. It plans to open 25 to ...
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7-Eleven to open 1,000 convenience stores in Japan
Seven & I-owned 7-Eleven plans to open a further 1,000 convenience stores in Japan in the next year and to close 500 to 600 underperforming outlets, local press reported.Its 2010 financial year will be the second year of such large scrap-and-build expansion. Many of the new stores will be located ...