All News articles – Page 1790
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News
Lotte Group to enter Vietnam retail market
South Korean retailer Lotte Group will enter the Vietnam retail market with the opening of a department store in Hanoi in 2013.The group’s fourth international store will be opened by its Lotte Department Store subsidiary, at the 65-storey Hanoi City Complex. The retailer will invest KRW350bn (£171, 375) in the ...
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Vente-privee enjoys a sales increase
Private sales website Vente-privee has enjoyed a sales increase of 40 per cent in the first half of this year. Sales rocketed to £290m for the period as shoppers took advantage of goods with more than 70 per cent off normal retail price.The Paris-based retailer, which launched a UK site ...
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Eldorado’s like-for-like sales slump
Electricals retailer Eldorado’s like-for-like sales slumped 21.7 per cent in the first half of this year.Total sales plummeted 29.4 per cent to RUB39.6bn (£782.1m), compared with the same period last year. The retailer revealed it grew EBITDA to RUB2.7bn (£53.3m) compared with a loss of RUB1.9bn (£37.5m) last year.Eldorado operates ...
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NewsJoules eyes Dubai as it plans overseas stores
Lifestyle and fashion retailer Joules has set its sights on international expansion as its sales continue to soar.
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NewsDobbies raises eco-friendly stakes
Garden centre chain Dobbies is to open the UK’s “most eco-friendly garden centre” while parent Tesco plans to open allotments to take advantage of Brits’ passion for growing their own food.
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NewsJaeger to make Hong Kong debut
Fashion retailer Jaeger is extending its international reach with plans for its first Hong Kong opening in September.
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NewsFindel initiates share placing to tackle debts
Home shopping group Findel has begun an £81m capital raising to help reduce debt and assist it with future growth.
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Costco to invest in New South Wales expansion
Costco – the US-based international chain of membership warehouses selling food, general merchandise and electricals – plans to invest Aus$120m (£59.8m) in expanding into New South Wales, Australia.It will open its first discount warehouse in the region at Auburn in western Sydney. Costco, which may open more stores in the ...
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NewsSelfridges to refresh space for collections
Iconic department store Selfridges will reveal a revamped space for its contemporary and denim collections this autumn.
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NewsRetail lags market despite City upgrades
The FTSE’s record 11-day rally came to an end on Tuesday and retail underperformed the market as good official sales figures and reassuring trading updates were cancelled out by a bearish view on the sector released by credit rating agency Fitch.
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NewsIrish retailers fearing worst Christmas ever
Irish retailers are braced for their worst Christmas in history as sales continue to be battered by the slump in consumer confidence.
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NewsCarphone Warehouse in line to meet expectations
Carphone Warehouse has beaten first-quarter revenue forecasts and said it is on track to meet full-year market expectations.
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Book Depository to take on US market
Online retailer The Book Depository has revealed a 50 per cent hike in revenue to £62m in the year to June 30 as it lays out plans to take on the £9bn US book market.
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NewsRazwar.com takes razor blades online
Razors and blades have been synonymous with the marketing strategy that has been used to sell them since King C Gillette started using razor blade handles as a loss-leader to encourage ongoing sales of his disposable razor blades in 1901.
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NewsBlacks progress hit by profit warning
Struggling outdoor retailer Blacks Leisure has agreed an extension on its working capital facility but “one-off impacts” forced it to issue a profit warning.
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NewsFeather & Black defies gloom with refocus
Bed specialist Feather & Black has defied the gloom in the battered furniture sector, revealing a like-for-like sales uplift of 10 per cent in the four months to July 30.
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NewsTesco considers dropping ‘biggest discounter’ tag
Tesco is weighing up whether to continue with its ad slogan “Britain’s Biggest Discounter” after being slammed by the Advertising Standards Authority (ASA).
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Best Buy is trials sale of discounted laptops with internet contracts
Electricals giant Best Buy is trialling the sale of discounted laptops with internet contracts, echoing a similar initiative used by joint-venture partner Carphone Warehouse in Europe.Customers at selected stores can buy lower priced laptops if they sign up for two years with a broadband provider. Best Buy chief executive Brian ...
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Avon plans job cuts
Mail order and door-to-door beauty specialist Avon is planning to cut 1,200 jobs over the next four years in a major cost-saving drive.The retailer expects to take on a second-quarter charge of about $90m (£54.5m) for its restructuring plan. The overhaul – which includes focusing on streamlining the business and ...
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NewsDave Whelan wishes he had ‘crushed’ Mike Ashley earlier
JJB Sports founder Dave Whelan has revealed that he wishes he had “crushed” rival business Sports Direct when he first saw the then-fledgling retailer’s stores.