All News articles – Page 1738
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News
Online secret Sales take off as Christmas battle hots up
Retailers are staging a host of “secret Sales” as the Christmas selling season kicks off in an attempt to win spend during the all important golden quarter.
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NewsIndie grocer Booths wins back shoppers with value range push
Independent grocer Booths nudged up pre-tax profits and like-for-like sales last year.
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NewsAurum to revitalise its Mappin & Webb fascia
Jewellery group Aurum has outlined plans to invest in its staff and rebrand its Mappin & Webb fascia after completing financial restructuring.
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NewsIceland's Christmas advertising campaign launches on Sunday
Christmas Iceland’s Christmas ad campaign launches on Sunday with familiar celebrities Coleen Nolan and Jason Donovan taking centre stage.
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NewsNordstrom woos UK shoppers with web access
US luxury department store operator Nordstrom has opened up its website to UK shoppers.
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News
Walmart plans to open a further 40 stores in India
Walmart plans to open a further 40 stores in India, according to Indian commerce and industry minister Anand Sharma. “Walmart is very satisfied with its results in India. I was informed by the Walmart CEO that they are looking at opening more stores. He gave me a figure of 40 ...
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NewsModern Warfare 2 fires up flagging games sector
Games retailers pulled out all the stops this week as they clambered to grab share of the biggest ever software launch to hit the market.
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News
Caremark has lost out on £2.9bn in contract renewals
CVS’s pharmacy benefit management arm Caremark has lost out on about $4.8bn (£2.9bn) in contract renewals this year.The retailer warned investors to expect margins to fall by about 10% next financial year as a result. CVS reported a 17.9% year-on-year rise in revenues to $13.6bn (£8.3bn) at its retail pharmacy ...
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News
ICA posted third quarter net sales of £2bn
Ahold’s Scandinavia and Baltics arm ICA posted third quarter net sales of Skr23.5bn (£2bn) - a 3% increase compared with the same period last year. At constant exchange rates, net sales climbed 1.3% at the grocer. Operating income rocketed 37% to Skr936m (£82m).ICA managed to significantly reduce its losses in ...
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News
Whole Foods Market reports 2.3% sales increase
Organic retailer Whole Foods Market reported a 2.3% sales increase to $1.8bn (£1.1 bn) for the fourth quarter to September 27.Comparable store sales decreased 0.9% versus a 0.4% increase the previous year. Adjusted EBITDA soared 46% to $133.5m (£81.8 m). Chief executive John Mackey said: “We believe our sales have ...
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News
Delhaize Group posted 1.9% revenue growth
Delhaize Group posted 1.9% revenue growth at identical exchange rates for the third quarter. At actual exchange rates the supermarket operator increased revenues by 4.8% to €4.9bn (£4.4bn) due to the strengthening of the US dollar by 5.2% against the euro compared with last year. Operating profit rose 5.7% to ...
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NewsStronger third quarter for Benetton
Italian fashion group Benetton had a strong third quarter with revenues ahead 13.1%.
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NewsAsda sales growth slows as lower inflation takes toll
Asda, the Walmart-owned grocer and general merchandiser, has reported a slowdown in sales growth and said it would save shoppers £150m this Christmas.
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NewsArgos launches financial services price comparison site
Argos has today launched a financial services price comparison website called Argos Compare.
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NewsJohn Lewis ponders VAT delay
Department store group John Lewis may steal a march on the rest of the high street by not passing on the higher rate of VAT until the end of January.
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NewsGreggs eyes 100 Threshers stores
Bakery specialist Greggs is considering taking on 100 stores from Threshers owner First Quench, the off-licence group that collapsed into administration a fortnight ago.
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NewsM&S considers taking Simply Food into Western Europe
Marks & Spencer has enlisted advisors to scout locations in Western Europe for Simply Food stores, it is understood.
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NewsWHSmith posts 1% group sales fall
Bookseller and stationer WHSmith disclosed that total sales fell 1% in the first 10 weeks of the financial year and it is planning for competitive trading conditions at Christmas.
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NewsDebenhams acquires Danish retailer Magasin for £12.3m
Department store group Debenhams is to push into mainland Europe following the £12.3m acquisition of Danish department store business Magasin du Nord.
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NewsBest Buy International boss to make surprise departure
Bob Willett, chief executive of Best Buy International, is to leave the retailer just months before the US electricals giant makes its high-profile UK debut.