All News articles – Page 1751
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NewsIrish government called on to honour rent pledge
Leading retailers on Ireland’s top shopping street have petitioned the European Parliament to flag up the “anti-competitive” upward-only rents system amid fears that the Irish government is “dragging its heels” on its pledge to abolish the system.
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NewsLuxury retailers lambast EU plans to reduce brands’ control
Retailers could gain the right to sell any brand in stores or online, after the European Commission launched a review of selective distribution laws.
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NewsBanana Republic close to signing third UK store as it prepares to open at Brent Cross
Updated: Fashion brand Banana Republic is on the verge of signing a deal for its third UK store as the retailer prepares to open its second shop in shopping centre Brent Cross
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NewsSolid performance in UK helps put Ted Baker on track
Ted Baker performed ahead of expectations in its first half, with a strong UK performance offset by dire trading conditions in the US.
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NewsN Brown to chase custom as bad debt fears recede
Home shopping group N Brown is to up customer recruitment advertising as its worries over bad debt have eased.
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NewsWarehouse replenishment system to boost availability at Waitrose
Waitrose is to reduce warehouse inventory while improving availability in stores with the introduction of a warehouse replenishment system from Aldata.
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NewsAnthropologie plans local sourcing for UK
US retailer Anthropologie will source 20% of its product from the UK and collaborate with local designers for its first European store, which opens on London’s Regent Street next Friday.
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NewsAsda’s Andy Clarke promises to hire more disadvantaged youth
Asda is to launch a three-year campaign to hire more young people, as chief operating officer Andy Clarke said “something needs to be done to give young people a chance”.
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NewsM&S investor day leaves analysts cold
Marks & Spencer missed out on the general retail sector’s rise after its much-anticipated investor day was judged insufficiently exciting by the City.
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NewsAldi lines up new managing director for UK
Discount grocer Aldi is to transfer its managing director for buying in Australia to lead the business in the UK.
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NewsSt David's Cardiff signs more retailers ahead of opening
St David’s shopping centre in Cardiff has signed several more retailers ahead of its opening next week, but still has around a third of its shops left to let.
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NewsM&S to review store estate for digital age
Marks & Spencer is to review its 668-store portfolio as online threatens squeeze on store sales
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NewsUSC gears up for loyalty launch after EPoS update
USC plans to launch a loyalty card following the roll-out of a replacement EPoS system to all stores.
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NewsTV ads mark HobbyCraft brand shift
Arts and crafts retailer HobbyCraft is staging its first TV ad campaign in three years following a brand “reappraisal” that has also led the retailer to launch its first customer magazine.
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Alfa-Beta Vassilopoulos to acquire Koryfi
Delhaize Group-owned supermarket chain Alfa-Beta Vassilopoulos has agreed to acquire Greek grocer Koryfi for €7m (£7m) and the assumption of €1.8m (£1.5m) debt.The Delhaize Group said the acquisition will add 11 stores and enhance its position in Thrace, northeast Greece, where its presence is limited at present.The deal, subject to ...
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News99p Stores signs ex-Wilkinson boss Gordon Brown as chairman
Value retailer 99p Stores has appointed former Wilkinson boss Gordon Brown as its new chairman.
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X5 Retail Group sales up 24%
Russia’s country’s largest grocery retailer X5 Retail Group reported net retail sales increased 24% year on year in the third quarter to RUB65.7bn (£1.3bn).Like for like sales grew 8% year on year, supported by 7% traffic growth. Customer traffic at its discounter, Pyaterochka, surged 12%, driving like-for-like sales growth of ...
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NewsConnections lift 2% at Carphone Warehouse
Carphone Warehouse’s retail division, Best Buy Europe, reported connections rose 2% to 3.2 million in the second quarter.
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Walmex Q3 profits jump 18%
Wal-mart’s Mexican subsidiary Walmex’s third-quarter net profit jumped 18% as its low price promotions helped it weather the economic slump.The retailer said it earned MXN3.86bn (£177m) in the period, compared with MXN3.26bn (£149m) a year earlier. Total revenue for the quarter rose 12% to MXN64.59bn (£2.96bn), while EBITDA grew 17% ...
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Fast Retailing profits up 14%
Fast Retailing has reported that net profit rose 14.4% to ¥49.8bn (£315m) for the financial year ended August 31. Sales rose 16.8% to ¥685.04bn (£4.3bn).The clothing store operator will seek to expand its Uniqlo stores in Asia from 76 to 132 over the next year. Fast Retailing, which aims to ...