All News articles – Page 1787
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NewsCrabtree & Evelyn to focus on heritage
Natural beauty retailer Crabtree & Evelyn has restructured its management and will be led from London rather than the US as it refocuses the brand around its English heritage.
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NewsHow does Sainsburys.co.uk compare?
Last week Sainsbury’s launched its non-food offer online. But how does the site compare with those of rivals Tesco and Asda?
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Colruyt posts increased first-quarter sales
Discounter Colruyt posted first-quarter sales up 6.6 per cent to €1.67bn (£1.42bn) against the same period last year.Sales from the group’s retail business activities climbed 7.3 per cent to €1.28bn (£1.09bn). Wholesale and food service sales jumped 10.4 per cent to €287.5m (£244.4m) as a result of the growth of ...
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NewsMonsoon to ditch men’s clothing as it shifts focus
Monsoon is axing menswear to make room for an improved womenswear offer.
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NewsWickes improvement gives City hope for upturn in DIY
Good weather and a hike in online sales helped Wickes limit its like-for-like sales fall to 2.4 per cent in the six months to June 30.
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Staples International president to leave the business
Staples International president Peter Ventress is to leave the business for a chief executive position at an as-yet unnamed UK-based public company.Staples president and chief operating officer Mike Miles will assume Ventress’ responsibilities from September 1, making Miles responsible for all of Staples’ international businesses.Chairman and chief executive Ron Sargent ...
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Casino's Exito business nakes deal with Cafam
Casino is to extend its reach in Colombia through a deal between its Exito business and local grocery and pharmacy group Caja de Compensación Familiar (Cafam).Exito will run Cafam’s 38 supermarkets and hypermarkets, while Cafam will operate Exito’s 91 drugstores, giving it a nationwide presence and a total of 150 ...
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Brazilian supermarket sales continue to top last year's
Brazilian supermarket sales continued to top last year’s figures in June, according to the Brazilian Supermarkets Association (Abras), leading to increased optimism for growth over the year.Supermarket sales in June increased 4.8 per cent in real terms compared with June last year, the trade group said.Abras raised its forecast for ...
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NewsEfficiencies and pricing drive Flying Brands profit
Cost efficiencies have begun to improve profitability at multichannel retailer Flying Brands.
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NewsBest Buy bolsters UK team with ex-Kingfisher man Kevin Styles
Electricals giant Best Buy has strengthened its UK team as it prepares to take on DSGi and Kesa when it launches here next year.
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NewsSuperdrug to focus on beauty as it posts loss
Superdrug is confident it can increase its beauty market share despite suffering a pre-tax loss of £7.4m in the year to December 2008.
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NewsOKA cuts back on trading hours
Upmarket furniture retailer OKA has taken the decision to shut two thirds of its shops on Mondays to cut costs.
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Wesfarmers has a better outlook for Australian retail sector
Multi-sector retail group Wesfarmers has revealed that it sees a better outlook for the Australian retail sector as global economic conditions start to improve.Chief Executive Richard Goyder said “the world was pretty grim” at the beginning of the year, but added: “It’s certainly better now than it was then.”Goyder added ...
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NewsAsda builds social site to push transparency
Asda is to launch a social networking website next week as part of its plan to become a more transparent business.
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Forecast cut for ‘overvalued’ Alexon
Seymour Pierce has slashed its full-year profit forecast for Alexon – owner of fashion businesses including Ann Harvey, Kaliko and Eastex – from break-even to a loss of £5m.
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NewsDisney Stores upbeat after return to profit
Disney Stores has bounced back into the black, recording a pre-tax profit of £2.8m in the year to September 27, 2008, after posting a loss of £6.6m the previous year.
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NewsCarpetright shifts ads away from price focus
Carpetright has overhauled its marketing to focus on “emotional engagement” rather than just price as the retailer achieved its first like-for-like sales growth since the fourth quarter of 2007/08.
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LVMH records revenue of €7.8bn
Luxury goods retailer LVMH recorded revenue of €7.8bn (£6.7bn) in the first half, reflecting a slight increase against the same period in 2008 despite the global economic crisis and a strong comparable performance.Chairman and chief executive Bernard Arnault said: “The first-half results once again demonstrate the exceptional appeal of our ...
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Pharmacy Chain 36.6 reports preliminary consolidated sales drop
Pharmacy Chain 36.6 reported preliminary consolidated sales dropped 13.1 per cent in the first half of the year to RUB11.63bn (£222.1m).The company’s retail sales slumped 17.4 per cent on the year to RUB8.8bn (£168m).At the end of June the company had 1,036 pharmacies in 29 Russian regions. It opened six ...
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NewsGap sales down 7 % in July
Gap sales fell 7% in July, compared to the same period last year, to £550m ($924m).