All News articles – Page 1715
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NewsChristmas brings record month for My-Wardrobe
Fashion etailer My-Wardrobe.com enjoyed a record month in December, passing the £1m sales barrier in a month for the first time.
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Deal between Suning and Citicall Retail Management
Suning, one of the leading electrical appliance retailers in China, has struck a deal to buy Hong Kong-based Citicall Retail Management for $4.5m (£2.76m), sources reported. Suning is due to complete its takeover of Citicall Retail Management by March. The Shenzhen-listed enterprise wants to extend its presence in Hong Kong ...
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NewsTheo Paphitis looks on as La Senza backers in talks
Former La Senza owner Theo Paphitis is understood to be waiting for the dispute between the lingerie retailer’s private equity owner and its lender to play out before deciding whether to make a move for the business.
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Swarovski eyes more openings in year ahead
Swarovski is to continue its expansion after reporting like-for-likes up 9% for the 2009 calendar year.
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NewsUniqlo seeks to expand after festive sales jump
Japanese-owned fashion retailer Uniqlo is on the expansion trail after it is understood to have delivered UK like-for-like sales up 38% in December.
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NewsWorries for furniture sales after VAT rise
Furniture and homewares retailers say shoppers were out in force before the January 1 VAT rise but have warned that the outlook for the rest of the year is cautious.
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Aeon to overall supermarkets
Aeon is to overhaul the supermarkets under its umbrella.The Japanese group plans to transform 55 stores - about 10% of the total number of Jusco stores and other supermarkets in the group - in 2010.Aeon will downsize floor space for items that have not been selling well, such as clothing ...
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X5 Retail and Perfumes Planet Switzerland in joint venture
X5 Retail, Russia’s largest retailer in terms of sales, and Perfumes Planet Switzerland, have set up a joint venture.The two companies will develop perfume selling points adjacent to X5’s food retail stores in Moscow, St Petersburg, Nizhny Novgorod and respective regions.PPS and X5 will own 80% and 20% of the ...
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NewsDeloitte racks up an extra £5.5m in fees for Woolworths administration
The administrators of bust variety store group Woolworths have notched up an additional £5.5m in fees for their work, bringing the total so far to £9.3m.
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NewsRetailers fear big chill in 2010
M&S and Next chiefs give stark warning despite being among those to post positive Christmas trading
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NewsFood price war intensifies as grocers ramp up cuts for 2010
Grocers have kicked off the new year with an intense price war, signalling a year of even tougher competition in the food sector.
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Retail stocks outshine harsh 2009 climate
Cautious comments on the trading outlook from Marks & Spencer and Next as they delivered their Christmas updates brought stores’ share prices down this week, but year-on-year figures show what a strong 12 months retail stocks have had.
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D2 management front-runner to buy the business
Fashion and footwear retailer D2 is expected to be bought back by its management after falling into administration at the end of last year.
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NewsMajestic Wine toasts 11.7% Christmas boost
Halving its minimum order size helped Majestic Wine to a strong Christmas, with UK like-for-like sales up 11.7% for the nine weeks to January 4.
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CarrefourSA to open 100 stores in Turkey
CarrefourSA, the 60:40 joint venture between Carrefour and Sabanci Ticaret Merkezi in Turkey, has announced plans to open a further 100 stores in the country, each costing €670,000 (£597,023), in 2010.The first smaller-format express store will open on January 6 in the city of Mersin in southern Turkey, CarrefourSA general ...
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NewsMatalan’s ‘fruity’ £1.5bn asking price puts off potential buyers
Hopes of selling Matalan are likely to be dashed unless the reported asking price is cut.
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NewsGap sales improve for Christmas
Gap enjoyed a stronger Christmas this year with group like-for-like sales ahead 2% in the five weeks to January 2 compared to a drop of 14% for December 2008.
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NewsAbuse of retail staff doubles whilst theft continues to rise
Incidents of violence and abuse against shop staff doubled last year while thefts from shops rose by a third according to figures from the British Retail Consortium (BRC).
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NewsFirst Quench brands sold to property firm
The off-licence brands Threshers, Victoria Wine, Bottoms Up and The Local have been bought by property investment and consultancy firm SEP Properties.
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NewsAmazon to ship larger Kindle to UK this month
Amazon will start shipping the large-screen version of its Kindle e-reader to the UK later this month.