All News articles – Page 1783
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NewsPets at Home data mining to bolster loss prevention
Pets at Home has embarked on the implementation of a data mining system to aid its loss prevention team.
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NewsBoden range to target recession-proof teens
Multichannel fashion retailer Boden is to target the recession-proof teenage sector next year with the launch of a range called Johnnie B.
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Former Tesco man bids to take on Whole Foods
Former Tesco trading manager Martyn Barrett is spearheading the launch of a convenience store cum farmers’ market that aims to rival Whole Foods.
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NewsGovernment proposal to ban bogofs splits grocers
Grocers are divided over the Government’s threat to ban buy one, get one free offers in an effort to reduce food waste.
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NewsNext upgraded on back of share price expectations
Broker Pali International upgraded Next from neutral to buy in expectation that the fashion group’s share price will rise ahead of next month’s interims.
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Target to bring the management of its ecommerce platform back in house,
Mass merchandiser Target plans to bring the management of its ecommerce platform Target.com back in house, bringing to an end what will be a 10-year outsourcing partnership with Amazon.The retailer expects to launch the new platform in advance of the holiday season in 2011. Amazon and Target linked up to ...
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Auchan signs revolving credit facility
Food and general merchandise retailer Auchan has signed an €800m (£686m) revolving credit facility with a syndicate of international banks, according to local press.The transaction raised a total of €1.3bn (£1.1bn) in syndication and was subsequently increased from the launch amount of €400m (£343m).The transaction was led by Banco Santander, ...
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NewsAsda home shopping centre
The grocer has opened its first home shopping centre, designed to extend retail capacity in its busiest locations.
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NewsEx-Dixons COO’s etail foray to sell art brands
David Gilbert, former chief operating officer of Dixons Group, now DSGi, has launched an etail venture to sell key products from more than 60 leading art institutions.
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Argentina: Retailers’ sales suffer
Retailers suffered the worst sales month this year in July, according to the Argentine Confederation of Medium-sized Companies. July retail sales fell 16.1% on a year-on-year basis as shoppers, already downbeat from the recession, stayed away from stores and other public places due to concern about swine flu.Argentina has seen ...
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Otto apologises for wrongly priced goods
Mail order and online retailer Otto has apologised to customers after more than 6,500 orders were placed for laptops at massively discounted prices, owing to a pricing error on its website.A variety of laptops, including MacBooks, worth up to e2,000 (£1,714) were advertised at between e30 and e50 (£25.60 and ...
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Yamada Denki and Kojima announce results
Fortunes were mixed in Japan as consumer electronics giants Yamada Denki and Kojima announced their results for the first quarter ending June 30.Revenue at Yamada Denki rose by just over ¥6bn (£38m) to reach ¥430.68bn (£2.7bn) for the quarter. Despite the rise in revenue, the retailer reported a slide in ...
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NewsBest Buy threat to UK players overblown, analyst says
The threat posed by US giant Best Buy’s UK launch to electricals specialists DSGi and Kesa has been overblown, believes broker Shore Capital.
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Williams-Sonoma signs franchise agreement with MH Alshaya Co
San Francisco-based home furnishings and kitchen equipment retailer Williams-Sonoma has signed a franchise agreement with MH Alshaya Co covering the Middle East region. The partnership is expected to open its first four stores under the Pottery Barn and Pottery Barn Kids banners in Dubai and Kuwait next year.The move marks ...
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Retail Sales fall again in US
Retail sales fell again in July marking the 11th consecutive month of sales declines in the country.According to Retail Metrics, which tracks US comparable store sales, they fell 4.7% in July. Only a handful of retailers reported comparable sales increases, including TK Maxx parent TJX and discount department stores Kohl’s. ...
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NewsCurrys unveils a brand-building ad campaign
DSGi-owned electricals chain Currys has unveiled a brand-building ad campaign designed to bolster its reputation for service.
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NewsHotter.com sells shoes for the 'active over-50s' market
From its name, you’d be forgiven for thinking it is one of the many adult sites that are widespread on the internet. Actually it sells shoes for the “active over-50s” market.
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NewsRed5 builds presence with Hamleys tie-up
Gadgets retailer Red5 has opened a concession in Hamleys’ famous Regent Street toy shop in which it now occupies about a third of the basement space.
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Finlay Enterprises has filed for Chapter 11 bankruptcy protection
Jeweller Finlay Enterprises has filed for Chapter 11 bankruptcy protection and plans to auction its business and assets.The retailer operates 182 locations across the country, including the upmarket Bailey Banks & Biddle chain, as well as 77 concessions within Bon-Ton department stores.Meanwhile, the country’s leading specialist jeweller by store count, ...
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NewsAsda grows market share
Asda has said it is continuing to grow market share, driven by attracting more customers with its low prices and improving product quality.