All News articles – Page 1778
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NewsJohn Lewis fashion holds out amid sales dip
John Lewis sales fell 1.4% in the week to August 15 with fashion showing resilience despite the good weather keeping shoppers out of the stores for a large part of the week.While fashion remained flat, the decline in sales of beds, bedroom furniture and white goods showed signs of slowing.The ...
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NewsPeacocks ramps up web operation with site revamp
Value fashion retailer Peacocks is to relaunch its website early next year as it seeks to drive its online sales.
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NewsRiver Island launches maternity range
Young fashion retailer River Island is gunning for a slice of the £139m maternitywear market with a range targeting expectant mothers.
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ICA’s Scandinavian net sales jump
Ahold-owned food retailer ICA’s Scandinavian net sales jumped 5.7% to Skr46.6bn (£3.7bn) for the first half of this year, although operating profit fell 7.7% to Skr484m (£67m). ICA is struggling in Norway, where despite increased sales, its operating loss widened.In the Baltics, net sales in local currency decreased 5.8%, mainly ...
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NewsWeak property market and good sales prompt HobbyCraft growth
Arts and crafts retailer HobbyCraft is doubling the rate of its store expansion programme on the back of strong sales and a weak property market. The retailer will open at least eight stores in the year to February 2010. Traditionally the retailer has opened just four a year.
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NewsThomas Pink to trial women’s only store formats
Shirt retailer Thomas Pink is to trial a new women’s only store format at its Harrods concession and in its Jermyn Street outlet. Designed by San Francisco-based design consultancy Brand & Allen, the new look will launch in Jermyn Street next month and is based around a boudoir design.
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First-half sales at Flamingo nosedive
First-half sales at electronics retailer Flamingo nosedived 45% to ROL187m (£38m).Chief executive Stefan Treiber explained the drop had been the result of a decline in the local market, but believed problems would not continue in the second half as costs had been cut, including reducing the number of employees from ...
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US fashion retailers struggle in second quarter
A number of clothing retailers have reported negative results in their second quarters, with only Urban Outfitters posting positive sales up against last year.Abercrombie & Fitch made a net loss of $26.7m (£16.3m) against a profit of $77.8m (£47.6m) during the same quarter last year, with total sales plummeting 23% ...
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Lidl slows expansion in Finland
According to Lidl managing director Antti Tiitola, the Schwarz Group-owned discount grocer has slowed its pace of expansion in Finland due to its increasing saturation in the market.The retailer now plans to open just two to five stores each year.Lidl has more than 130 stores in Finland, with an overall ...
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Media-Saturn to enter Siberia
Metro Group-owned consumer electronics retailer Media-Saturn, which has been operating in Russia since late 2006, will enter Siberia in the fourth quarter of this year.The retailer runs 15 Media Markt electronics superstores in Russia. At present, Metro Group operates only cash and carry stores in Siberia.
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NewsDutch fashion player signs for iconic store
Dutch fashion retailer The Sting has confirmed it will make its UK debut next spring in the iconic Tower Records store on the corner of Piccadilly Circus and Regent Street, as predicted in Retail Week (May 1).
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Shopper’s Stop managing director moves to non-exec role
BS Nagesh, managing director at K Raheja-owned multi-format retailer Shopper’s Stop, is leaving his role and moving into a non-executive position as vice-chairman of the company.As part of a company wide succession planning process Shopper’s Stop chief executive Govind Shrikhande will take over managing director duties from Nagesh and become ...
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Home Depot’s sales plummet
DIY giant Home Depot’s sales plummeted 9.1% to $19.1bn (£11.7bn) during its second quarter. Like-for-like sales were down 8.5%.“Concerns about the housing market, rising unemployment and softness in the overall economy continue to pressure consumers,” said chairman and chief executive Frank Blake. “Our business performed well in a down market, ...
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Office Depot launches flagship store in Kuwait
Office Depot has launched a flagship store at The Avenues Mall, its first in Kuwait. The store covers 9,690 sq ft and offers about 5,000 products and services, including a photocopy, print and ship centre.The store has been opened in partnership with local retailer MH Alshaya and is expected to ...
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NewsDebenhams upgraded as margin prospects improve
City brokers have issued a raft of upgrades for Debenhams ahead of its pre-close update next month.
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Matahari continues to experience strong growth
Department store and grocery store operator Matahari, the largest local retailer, continues to experience strong growth. Sales were up 15.3% for the first six months to June 20 to reach IDR6 trillion (£359m).However, operating profits declined due to higher operational costs, such as wages. Sales were supported by the continuing ...
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NewsPoundland dips toe in contactless payment
Poundland is trialling contactless payment technology at two of its London shops as it seeks to cut queues at its checkouts.
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NewsEuropean comeback to lift Kingfisher and Kesa
France and Germany’s emergence from recession is likely to benefit Kingfisher and Kesa, which both have big operations in the countries.
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NewsMarks & Spencer launches new menswear collection
Marks & Spencer has launched a new collection of menswear staples as an extension of its Autograph range.
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NewsColes provides early signs of a successful turnaround
The latest results from Australian conglomerate Wesfarmers suggest that Coles, Australia’s second-largest retailer which Wesfarmers acquired in 2007, is reaping the benefits from its turnaround strategy.