All News articles – Page 1754
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NewsIndustry mourns Keith Wills
Keith Wills, one of the leading retail analysts of his generation and long-standing contributor to Retail Week, has died after a long illness.
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NewsTJ Hughes results spur expansion plan
Discount department store operator TJ Hughes is pushing ahead with expansion after it reported turnover increased 9.1% to £261.3m in the year to January 31.
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NewsNational postal strike threat plagues etailers
A national postal strike would be “devastating” for some home shopping firms and local strikes in progress have already caused problems, retailers warned.
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NewsMarks & Spencer poised for online expansion to hit etail targets
Marks & Spencer is expected to reveal online expansion plans on Tuesday, when it is holding a strategy day for investors.
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NewsNext opens first dedicated shop-in-shop sportswear departments
Next has opened its first dedicated shop-in-shop sportswear departments in three of its stores.
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NewsCan Wal-Mart hold on to its new-found customers?
Wal-Mart’s everyday low price stance has been paying off in the US recession.
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NewsMarks & Spencer operating costs hike hits shares
Marks & Spencer’s shares fell 4.4% as the City digested last week’s second-quarter update.
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NewsCo-op overhauls IT in Somerfield integration
Co-operative Group is to spend £25m on a project to fully integrate the Somerfield business, including major IT system changes.
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Carrefour facing pressure from its largest investors
Carrefour is facing pressure from its largest investors, Colony Capital and billionaire Bernard Arnault, to sell its operations in Asia and Latin America.The call follows a drop of close to 30% in the value of Carrefour stock since the shareholders came on board in 2007.A source close to the board ...
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NewsSir Terry Leahy’s cheer fails to rub off on brokers
Appetite for food retailers remained poor, despite bullish comments from Tesco chief executive Sir Terry Leahy as he delivered interim results.
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Discount voucher sites ready for festive bonanza
Discount voucher sites are gearing up for a busy Christmas in the expectation that cash-strapped shoppers will be hunting for festive deals online.
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NewsFrench Connection axes Japan stores to stem loss
French Connection is to close its stores in Japan and intends to hand the operation over to a licensee in a bid to stem haemorrhaging losses at the division.
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Le Blog Mulliez reveals the first Auchan hypermarket is set to open in the Middle East
Le Blog Mulliez, an independent blog focusing on the Mulliez family’s retail empire, has unveiled that the first Auchan hypermarket is about to open its doors in the Middle East, in Dubai’s Dragon Mart shopping centre.The store has a sales area of 93,650 sq ft. It will be the first ...
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Delhaize Group enters non-binding letter of intent with BI-LO to its assets
Belgium-based grocer Delhaize Group has entered into a non-binding letter of intent with US retailer BI-LO to acquire a substantial majority of BI-LO’s assets, including associated inventory, for $425m (£266.8m).The news came in the midst of BI-LO’s bankruptcy proceedings in the US Bankruptcy Court for the District of South Carolina. ...
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NewsPotential Pets at Home IPO whets City appetite
Pets at Home’s possible float next year is likely to generate strong interest from the City, according to analysts.
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News‘Family-friendly’ Ann Summers to open in key shopping centres
Ann Summers is to open in Westfield and Bluewater shopping centres as its new, more discreet store look makes the sex toys and lingerie retailer more acceptable to once-wary malls.
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NewsAmazon.com to launch e-reader
Amazon is to shake up the books and fashion markets ahead of Christmas with the international launch of its Kindle e-reader and a new clothing outlet.
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Alworths ‘will break even’ in first year
Alworths, the variety chain set up by former Woolworths director Andy Latham, expects to break even in year one of trading.
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NewsGadgetshop launches offline ad assault
Etailer Gadgetshop.com has launched its debut offline advertising campaign to bolster sales in the run-up to Christmas.
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NewsFirst Quench hit by departure of acting chief exec
First Quench Retailing’s acting chief executive and financial director Martin Healy has resigned and owner Vision Capital’s Johan Van de Steen has taken the helm.