All News articles – Page 1758
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NewsJJB Sports first-half losses skyrocket as suppliers hold back stock
JJB Sports has continued to struggle with a poor stock position as it battles on in its survival fight.
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Polish retail sales continue to rise in August
Polish retail sales continued to rise in August, increasing 5.2% year on year.The increase follows a 5.7% rise in July.A stable unemployment rate of 10.8% helped drive demand. This is in sharp contrast with nearby Hungary, where unemployment continues to rise, partly due to a decline in demand for Hungarian ...
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NewsInditex store expansion assault pushes UK operation into loss
The UK subsidiary of Spanish fashion giant Inditex has plunged into loss after investing heavily in developing the business.
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NewsAsos sales bolstered by international expansion
Fashion etailer Asos pushed ahead with overseas expansion and improved delivery options to help deliver strong first-half sales growth.
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John Lewis Cardiff sales ahead of target
John Lewis opened its 28th branch last week in Cardiff and reported that sales soared 20% ahead of target on opening day.
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NewsBoots eyes more drive-throughs after trial success
Boots is to expand its drive-through pharmacy business on the back of soaring sales at its trial location.
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NewsJessops focuses on return to profit after debt-for-equity rescue deal
Camera specialist Jessops said it is well placed to restore profitability after completing a debt-for-equity rescue deal.
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ScS ramps up advertising to woo shoppers
Sofa retailer ScS has increased its marketing with an ad campaign offering sofas for £10 a month, and upped its ad spend by 25% year on year.
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Argos system improves store activities
Argos is sending about 40 projects a week to each of its stores for completion using its recently adopted task management system.
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Aldi records £39m profit in Australia
Aldi’s discount store network in Australia delivered a profit of AUD72.6m (£39.19m) last year, on total Australian sales of AUD1.85bn (£998.6m).Aldi, which entered Australia in January 2001 and recently opened its 200th store there, has been profitable for the past three years. ”We have strong expansion plans for Australia ...
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Pantaloon Retail sales up 31%
Pantaloon Retail’s net sales rose 31% to INR76.69bn (£994.8m) for the year to June 30.Net profit at the group, which is Indian’s largest retailer, plummeted from INR219.3m (£2.84m) the year before to INR100.7m (£1.3m).The decline was primarily due to rising employee costs, depreciation and interest charges.Kishore Biyani, chief executive of ...
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New Look in the frame for public offering in 2010
Retail IPOs moved a step closer this week as speculation mounted that New Look is gearing up for a £1.7bn flotation early next year.
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Rite Aid Q2 sales down 2.7%
Year-on-year sales at pharmacy chain Rite Aid declined 2.7% to $6.3bn (£3.9bn) for the second quarter to August 29.The slide was attributed primarily to store closures and non-pharmacy same-store sales. Overall, same-store sales fell 1.1% for the quarter, with a 4.9% decrease in non-pharmacy sales and a 0.8% increase in ...
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Robert Dyas plunges into red with £10m loss
Hardware chain Robert Dyas has plunged into the red, posting a pre-tax loss of £10.4m for the year to March 28.
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NewsRetailers get business rates revaluation
Retailers are able to discover how much they will be charged in business rates today after the Government revealed its revaluation rates.
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NewsCo-op says it holds the key to ‘democratic consumerism’, not Asda
The Co-op has invited Asda to “come and see how it’s done” as it objects to its rival’s claims of leading the way in “democratic” business.
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NewsWickes sales boosted by showroom ranges
DIY retailer Wickes’ like for likes rose 0.7% in the 39 weeks to September 26.
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NewsAsda installs webcams as it aims for company transparency
Asda has outlined a radical new strategy that it claims will make it the first genuinely transparent business that puts the customer at the heart of its decision-making process.
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NewsCarphone Warehouse and Phones 4U battle to sell iPhone
Carphone Warehouse and Phones 4U are battling to sell Apple’s iPhone on the Vodafone and Orange networks after O2’s exclusive rights to the popular handset ended this week.
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NewsBlacks to seek exits on store leases
Blacks Leisure is to contact landlords over the coming weeks to seek exits from the leases on the stores it intends to close, and could agree a company voluntary arrangement by November.