All News articles – Page 1748
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NewsArgos pushes range via mobile videos
Argos customers can now receive product videos to their mobile phones after its supplier Wow! Stuff created the service to promote its Science Museum range.
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NewsFewer, bigger stores for Arcadia as profits soar
Arcadia’s future lies in fewer, bigger stores, Sir Philip Green said this week as he revealed that profits at his fashion group have increased despite the recession.
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NewsAnthropologie opens its first European store on Regent Street
The US women’s fashion and lifestyle retailer has opened its first European store on Regent Street.
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Retail sales in America fall in September
Retail sales in America fell by the largest amount so far this year in September – 1.5% – but the fall was not as bad as expected.The drop in sales was attributed to car sales plummeting following the end of the country’s scrappage scheme. Car sales dropped by 10.4%, but ...
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Walmart enters into a price war with Amazon
Walmart has entered into a price war with Amazon and the nation’s book retailers, lowering prices on certain highly anticipated hardback titles to $9 (£5.49).The retailer listed prices for some upcoming hardcover releases, such as Dean Koontz’s Breathless and Stephen King’s Under the Dome at $10 (£6.10), which was answered ...
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NewsClinton to expand store chains after better than expected trading
Greetings cards retailer Clinton Cards is gunning to grow its store base from 876 to 1,200 within six years and has revealed better than expected full-year trading.
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NewsBrokers mixed after Morrisons visit
Grocer Morrisons held an investor day on Monday, when it took analysts on a tour of new small-format stores and a regional distribution centre on the south coast.
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NewsFood hots up after Sainsbury’s bid talk
Investor appetite grew for food retailers as speculation swirled that Qatar’s sovereign wealth fund was once again considering a bid for Sainsbury’s.
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NewsGIVe adopts planning system for products
George Davies’ latest retail venture GIVe has introduced a planning and product development system from Decision Systems to support its operation and help the new chain optimise its merchandise mix.
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NewsAdams plots expansion to claw back position under new owner
The new owner of Adams Childrenswear has vowed to return the retailer to its former position as a high street leader with an aggressive store expansion programme and more premium offer.
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NewsDwell hires chairman as it eyes Habitat acquisition
Mid-market furniture retailer Dwell has made Neil McCausland chairman and is considering bidding for all or parts of Habitat if it is put up for sale by Ikea owner ICAF Antillen.
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Jumbo wins the battle to acquire Casino’s subsidiary Super de Boer
Dutch supermarket group Jumbo has won the battle to acquire Casino’s subsidiary Super de Boer after raising its original offer.The new offer values the company at E552.5m (£503.5m). Super de Boer has become something of a prized asset, with various supermarkets bidding for the chain after Jumbo’s original offer.“This is ...
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Lotte Shopping has agrees to acquire Times
Lotte Shopping has agreed to acquire Chinese hypermarket operator Times.A Lotte Group spokesman said: “We have in effect acquired Times, although some processes [to complete the deal] remain.”Lotte Shopping will purchase a 72.3% stake in the company from chairman Kenneth Fang. The South Korean retailer is believed to have outbid ...
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FAS plans to clear takeover of Paterson by X5 Retail Group.
Russia’s Federal Antimonopoly Service (FAS) plans to clear the takeover of Russian retailer Paterson by X5 Retail Group.FAS director Igor Artemyev said the service would approve the transaction on the condition that X5 Retail sells Paterson’s stores in St Petersburg “within some reasonable time frame, maybe six months” in order ...
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Casino’s consolidated net sales contracted by a reported 1.4%
Casino’s consolidated net sales contracted by a reported 1.4% in the third quarter of 2009, on the back of a 2.6% decline in the first half.Reported sales in France were down 5.3%, a performance in line with the first-half trend.Overseas, reported growth came to 6%, up from 2.4% in the ...
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Retailers in line for £20m in-store music refund
A legal victory for retailers has raised the prospect of a £20m refund to the industry after a ruling that increased copyright fees for playing music in-store were excessive.
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NewsRetailers suffer flat September sales
Retail sales growth was flat month on month in September, the Office of National Statistics reported. The findings confounded expectations of a rise.
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NewsSports Direct trading stays in line with expectations
Sports Direct has said that trading has remained in line with group expectations and is on track to achieve underlying EBITDA of at least £150m in its current financial year.
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NewsTesco opens first self-service only shop
Grocery giant Tesco has opened the UK’s first completely self-service shop – an Express convenience store in Kingsley, Northampton.