All News articles – Page 1724
-
NewsMarks & Spencer casts net wider with YouTube channel
Marks & Spencer launched a dedicated YouTube channel yesterday, offering customers access to Marks & Spencer TV content including cooking demonstrations and documentaries, plus exclusive competitions.
-
NewsCarpetright set for record UK sales
Floor coverings retailer Carpetright is expected to announce strong interim results on Tuesday following its most recent trading update for the 12 weeks ended October 24, which showed group sales up 10.3%, while like-for-like sales rose 5.6%.
-
NewsHilco-backed buyout on the cards at Habitat
The management of Habitat is understood to be close to securing a buyout of the furniture retailer.
-
NewsSoaring B&Q UK and Ireland profit helps propel Kingfisher
Kingfisher’s group retail profit soared 28.3% to £227m in its third quarter, helped by strong performances in the UK and Ireland, and Poland.
-
NewsBoots brand will span the globe, says Stefano Pessina
Alliance Boots executive chairman Stefano Pessina has vowed that the Boots brand will be sold in all the major countries in the world within five years.
-
News
Dyson creates pop-up shop at Bluewater
Upmarket vacuum cleaner brand Dyson has opened its first bricks-and-mortar shop, with a 1,200 sq ft pop-up store at Bluewater that opened yesterday.
-
NewsGame shares battered as like-for-likes crash
Disappointing BRC sales figures for November led to general retail shares underperforming the overall market, although the grocers did better. Like-for-likes were up just 1.8% over the month, hit by mild weather affecting clothing sales and falling food price inflation.
-
News
Reliance Retail appoints Gwyn Sundhagul as chief exec of value-format division
Reliance Retail has appointed Gwyn Sundhagul chief executive of its value-format division, which includes the Reliance Mart, Reliance Super and Reliance Fresh fascias.Sundhagul was formerly chief marketing officer of Tesco’s Thai subsidiary Lotus. Reliance Retail operates almost 1,000 retail stores throughout India.
-
NewsOasis tests appetite for SMS gift vouchers
Aurora-owned fashion retailer Oasis has launched an SMS gift voucher service to test customers’ appetites for mobile promotions with a view to rolling out the offer to Oasis’ sister fascias.
-
NewsElton John AIDS Foundation to open a pop-up shop
The Elton John AIDS Foundation will open a pop-up shop called Out the Closet in Covent Garden tomorrow.
-
NewsWaitrose online forum to offer festive aid
Waitrose has launched an online forum to help shoppers cope with festive Christmas catering worries.
-
NewsChristmas sales activity picks up
Retailers are cautiously optimistic in the run-up to Christmas although a later than usual rush is likely after disappointing November sales.
-
News
90-minute retail delivery service launches online
Ecommerce technology platform firm Shutl has launched a service designed to slash delivery times for online shoppers.
-
News
Cencosud plans to invest $700m in five South American countries
Cencosud plans to invest $700m in five South American countries as part of its 2010 growth plan.The investment will be distributed among projects Cencosud has in Argentina, Brazil, Chile, Colombia and Peru, according to president Horst Paulmann.Details of how the investment will be distributed among the five countries have yet ...
-
News
Grupo Pão de Açúcar acquires 51% stake in Casas Bahia
Casino-owned Grupo Pão de Açúcar has acquired a 51% stake in electricals chain Casas Bahia, a rival to its Ponto Frio fascia.Casas Bahia operates 513 stores in Brazil and focuses strongly on white goods, furniture and electronics.The existing shareholders of Casas Bahia will retain a 49% stake in the retailer.As ...
-
NewsPhones 4U accelerates store refit programme
Mobile phone retailer Phones 4U plans to ramp up its store refits in the new year with the aim of completing the whole chain by the middle of 2010.
-
News
Metcash posts a 36.5% rise in first-half profit
Grocery wholesaler Metcash posted a 36.5% rise in first-half profit, with chief executive Andrew Rietzer describing its grocery alliance business IGA as a “powerhouse” that is performing well against the competition.“The trading environment is strong. However, low price inflation continues to hamper trading opportunities across all of our business pillars,” ...
-
News
Delhaize Group reveals plans to cut operating costs by €300m
Delhaize Group has revealed plans to cut operating costs by €300m (£267m) by 2012 and intends to introduce a more price competitive strategy from 2010 across all its fascias.The Belgium-based group intends to cut operating costs through fascia-specific initiatives and by increasing shared services across the group.Delhaize is also ...
-
News
Revenue at pharmacy operator Nepstar declines 9.3%
Revenue at pharmacy operator Nepstar declined 9.3% in the third quarter to Yn556m (£495m), while net income remained stable at Yn7m (£33m).Nepstar chief finance officer William Dai said: “Our ability to consistently generate strong free cash flow demonstrates that our financial health has strengthened throughout the economic recovery and paves ...
-
NewsUS fashion giant Forever 21 in Westfield Stratford store talks
US fashion giant Forever 21 is on the verge of signing its first deal for a UK store in Westfield Stratford as it unveils its intentions to build a major European presence.