All News articles – Page 1714
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NewsBrightHouse enjoys strong festive sales
Rent-to-own electricals and furniture retailer BrightHouse has reported a strong Christmas with like-for-like sales up 9% in the 13 weeks to December 24.
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NewsValue clothing chain Happit in administration
Scottish value chain Happit has hit the buffers this week after poor trading conditions impacted sales.
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NewsD2 bought back by its management team
D2 has been bought out of administration by its management team, saving 500 jobs.
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NewsSpar festive total sales jump 10.3%
Convenience store chain Spar has reported total sales from December 14 to date up 10.3%.
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NewsLenders to take control of Jane Norman
Women’s fashion retailer Jane Norman’s lenders are to take over the business and restructure its debts of almost £136m.
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NewsClinton Cards posts 3.5% like-for-like rise over Christmas
Clinton Cards has paid back debt early after generating sales growth over Christmas.
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NewsInnovative product drives strong Christmas for Ted Baker
Fashion group Ted Baker has posted a 19.1% increase in retail sales over Christmas and attributed the performance to its innovative product.
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NewsSpecsavers TV push
Specsavers has funded a 10-part TV series called TV Book Club as part of its advertising plan for this year.
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NewsStore Twenty One pushes homewares
Value retailer QS is to drive homewares as it continues to expand its Store Twenty One fascia.
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Marty Hamnett to retire
Marty Hamnett, general manager of supermarket operations at Australian outfit Woolworths, is to retire at the end of the financial year after 40 years with the retail giant.Formerly general manager of the company’s Big W general merchandise division, Hamnett led the integration of Progressive Enterprise, the New Zealand supermarket business ...
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Jumbo sales to grow
Dutch supermarket and superstore operator Jumbo is expecting total sales to grow 20% to 25% in 2010, including sales from the converted stores it acquired from Casino’s Super de Boer chain late last year.During the year, Jumbo plans to convert a further 40 Super de Boer stores to the Jumbo ...
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NewsNew Look to widen multichannel services with stores EPoS upgrade
New Look is to replace the EPoS software across its entire store estate this year to introduce multichannel services.
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Metro pulls out of deal with Privileg
Metro Group-owned consumer electronics superstore operator Media-Saturn is understood to have pulled out of a deal to acquire the Privileg household goods private label.The label - the German market leader in washing machines, tumble dryers and kitchen stoves - was bought by the Otto mail order group from Arcandor in ...
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Walmart to cut costs
Walmart is to launch a drive to cut billions of dollars of costs from its supply chain in 2010 by combining its store purchasing across national frontiers as it attempts to globalise its business, The Financial Times reported.The effort is part of the retailer’s plans to increase the proportion of ...
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Seventh Continent sales soar
Grocer Seventh Continent posted net sales soared 22.5% to RUB39.9bn (£792m) in 2008, according to documents prepared in accordance with International Financial Reporting Standards (IFRS).Growth was driven by the expansion of the company’s store base. Like-for-like sales climbed 10.4%.
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NewsTourists and the cold help department stores
Department stores have reported a bumper Christmas, during which they benefited from the cold weather and an influx of tourists drawn by the weak pound.
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NewsHMV moves step closer to clinching Mama deal
HMV’s £46m bid for live music specialist Mama moved a step closer to conclusion this week when SMS Finance, the investment vehicle run by telecoms billionaire Silvio Scaglia, pulled out of the race.
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NewsCity warns festive wins could reveal last of ‘low-hanging fruit’
Upgrades of general retailers are likely following some better than anticipated Christmas updates, but analysts are advising investors to pick stocks carefully.
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NewsOriginal Factory Shop Christmas profits soar
Value department store operator The Original Factory Shop had record sales for the four weeks to December 27, helped by its position as a “non-food convenience store” according to chief executive Angela Spindler.
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NewsShop Direct celebrates festive trading success
Shop Direct Group has said electricals and partywear helped it deliver strong Christmas sales, up 6.3% in the six weeks to January 1.