All News articles – Page 1780
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NewsAsda cites low prices and quality as key to success across markets
Asda has claimed its food, home and leisure and George clothing departments are all outperforming their respective markets.
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News99p Stores celebrates its 99th opening
Value retailer 99p Stores is commemorating the opening of its 99th store in Ashford, Kent, today with free giveaways and special offers.
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Toy chain to up store portfolio by 50%
Toy chain Conways Toymaster is to increase its store portfolio 50% as it opens eight shops in the run-up to the key Christmas trading period.
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Barnes & Noble posts 5% decrease in second-quarter sales
Book retailer Barnes & Noble posted a 5% decrease in second-quarter sales to $1.2bn (£700m). Store sales decreased 5% to $1bn (£600m), with like-for-like sales down 6.9% for the quarter.Sales generated by the retailer’s website climbed to $102m (£62m) for the quarter, a 2% increase compared with the year before.The ...
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Pharmacy 36.6 faces bankruptcy proceedings
Pharmaceutical distributor Protek has initiated bankruptcy proceedings against Pharmacy Chain 36.6 in an attempt to recover debts owed by the retail giant.On August 4 Protek filed papers with the Arbitration Court of Nizhny Novgorod recognising the debtor TDE Pharmacy - part of the Pharmacy Chain 36.6 network - as insolvent. ...
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Tengelman posts sales up 3%
Family-owned international retail group Tengelmann posted European sales of €12.36bn (£9.86bn) in its 2008 financial year.Kaiser’s Tengelmann - the supermarket division under strategic review - reported a 3% sales increase on a comparable basis, partly thanks to the ongoing store renovation scheme that will revamp 200 out of about 700 ...
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Blockbuster Q2 revenues fall nearly 22%
Blockbuster has posted lower than expected quarterly revenues and same-store sales, blaming stiff competition for its performance.The DVD rental chain made a net loss for the second quarter that narrowed to $39.7m (£24.3m) from a net loss of $44.7m (£27.3m). Revenue fell nearly 22% to $1.02bn (£623.9m). Chief executive James ...
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NewsRetail sales up 3.3% in July, ONS reports
The volume of retail sales in July was 3.3% higher than in July last year as deep discounting drove sales.
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NewsChange Capital acquires German fashion retailer Hallhuber
Private equity firm Change Capital Partners has acquired German womenswear retailer Hallhuber in a €29m (£25m) deal.
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NewsFormer Boots boss Richard Baker joins private equity firm Advent
Former Alliance Boots chief executive Richard Baker has joined private equity group Advent International as an operating partner.
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NewsFocus CVA plan has ‘strong chance of success’
DIY group Focus’s CVA proposal has “a strong chance of success”, said Seymour Pierce analyst Freddie George after a company visit.
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NewsClothing sales rose in early summer but discounting rife, TNS reports
Good early summer weather helped fashion retailers put in their best performance since last November.
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NewsTesco Personal Finance to create 800 jobs in Glasgow
Tesco is to extend its personal finance operation with the launch of a customer service centre in Glasgow.
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NewsAhold profits slump in second quarter on divestments
Dutch giant Ahold, operator of US grocery chains Stop & Shop and Giant, has suffered a 42% fall in second-quarter net profit to €195m (£163m).
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NewsSainsbury's launches first non-food catalogue
Sainsbury’s has launched its first-ever home catalogue to accompany its non-food online offer.
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NewsDutch fashion retailer The Sting signs first UK store
Dutch fashion retailer The Sting has confirmed it will open its first UK shop in the famous Tower Records store on London’s Regent Street.
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NewsTK Maxx enjoys like-for-like sales growth
TK Maxx is continuing to benefit from its value position with growing like-for-like sales in its second quarter.
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NewsWeak consumer confidence continues to hit US retail sales
There was little sign of improvement in consumer confidence in the US as many retailers reported second quarter results yesterday.
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NewsJessops like-for-likes down 4.7%
Jessops has reported like-for-like sales down 4.7% in the 12 weeks ending August 16, against the continuing difficult retail environment.
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NewsSony slashes price of PlayStation 3
Sony has slashed the price of its PlayStation 3 games console in an attempt to boost sales for the vital Christmas season.