All News articles – Page 1731
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NewsCath Kidston seeks local partner to support expansion in Asia
Cath Kidston has begun a search for an investment partner with local expertise as it plans to ramp up international expansion.
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NewsAsda and Tesco: winners from Woolworths’ collapse
Grocery giants Asda and Tesco have scooped the lion’s share of defunct variety store group Woolworths’ sales.
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NewsSports Direct appoints non-executive chairman
Sports Direct has finally hired a non-executive chairman after searching since May 2007, when David Richardson dramatically quit the sports retailer’s board just three months after it floated.
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NewsJaeger brings in web application to manage brand
Jaeger is to use web-based applications for brand management to support its international expansion.
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NewsPets at Home anticipates bumper Christmas
The pet specialist retailer is anticipating a bumper Christmas, hoping shoppers will take advantage of its “best ever Christmas range”.
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NewsAnthropologie’s London debut a hit, says owner
US giant Anthropologie’s debut in the UK has been hailed an early success by its parent company, which said it “generated the second best opening day sales in our history”.
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NewsCompliance with PCIDSS among retailers jumps
There has been a big leap in the number of UK retailers that are compliant with the Payment Card Industry Data Security Standard (PCIDSS) in the past year.
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NewsTurnaround on horizon for Blacks after successful CVA
Blacks Leisure will focus on refreshing its portfolio after its company voluntary arrangement (CVA) was passed by landlords, shoring up its future.
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NewsSainsbury’s takes Tesco site after competition ruling
Sainsbury’s has bought a former Co-op site in Slough after previous owner Tesco was ordered to sell it by the Competition Commission.
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Sears reports £78m net loss
Sears has reported a $127m (£78m) net loss for the third quarter ending October 31.Revenues declined $470m (£288m) to $10.2bn (£6.2bn) due to lower like-for-like sales and 56 fewer Kmart and Sears full-line stores. However, this was partially offset by an increase of $42m (£26m) due to the impact of ...
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Harvey Norman posts a 40% increase in pre-tax profit for the first half
Electricals retailer Harvey Norman posted a 40% increase in pre-tax profit for the first half.Current trading is being driven by strong franchise store sales growth and increased confidence among consumers as the impact of the global financial crisis begins to ebb.Sales for the period jumped 7.7% to AUS$1.93bn (£1.02bn), while ...
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Gap profits rocketed 25% in its third quarter
Gap profits rocketed 25% in its third quarter, helped by growing sales at its Old Navy fascia.Total sales rose 1% to $3.59bn (£2.17bn) for the quarter to October 31. Like-for-like sales at Old Navy were up 10% against an 18% fall the year before.The fashion retailer is focused on gaining ...
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Ahold posts a 22% uplift in third-quarter net profits
Ahold posted a 22% uplift in third-quarter net profits, but warned competition will intensify in the run-up to Christmas.The Dutch grocery group said earnings from one of its US chains, Giant-Carlisle, had been hit by intense competition from Walmart. Group net profit in the three months to September 30 was ...
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Carrefour plans to double store in Malaysia by 2012
French Grocer Carrefour plans to double store numbers in Malaysia to 40 by 2012. Chief executive Guillaume de Colonges said the expansion was in line with its strategy of positioning itself to be the top foreign hypermarket operator in the country.He added that the retailer was committed to growth in ...
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GameStop reports third-quarter total company sales up 8.2%
GameStop has reported third-quarter total company sales up 8.2% to $1.83bn (£1.12bn).New software sales rose 9.4%, while used product sales increased 19.4%, on top of the 19.3% increase in the third quarter of 2008. Like-for-like sales decreased 7.8%, attributable primarily to a decline in new video game hardware sales.
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NewsRetail sales volumes up for second month running, according to CBI
Retail sales volumes rose for the second month running in November, and further growth is expected in December, according to the CBI.
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NewsJohn Lewis weekly sales up 20% so far
Sales at John Lewis department stores are up over 20% for the period of Sunday to Wednesday this week compared with the same time last year, boosted by strong performance in Christmas gifts lines.
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NewsHamleys and H&M open at Glasgow’s St Enoch centre
Hamleys and H&M were among the first stores to open their doors in the new £100m extension to Ivanhoe Cambridge’s St. Enoch shopping centre in Glasgow this morning.
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NewsHobbyCraft heading for ‘best ever’ year
Arts and crafts retailer HobbyCraft said it was heading for its “best ever year” as the trend for low-cost family activities continues to grow.
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NewsDSGi sees signs of improvement as results beat forecasts
Electricals market leader DSGi, owner of the Currys and PC World chains, reported that sales trends have improved and posted a lower than expected interim loss.