All News articles – Page 1791
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NewsAmazon takeover to open Zappos up to new markets
E-tailer Zappos has been a household name in the US for some time. The shoe specialist has been on a phenomenal growth path, with sales skyrocketing from $1.6m (£969,820) in 2001 to more than $1bn (£606.1m) last year.
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Metro considers alternatives to merger
Metro is considering alternatives to formally merging its Kaufhof department store chain with Karstadt, the department store retailer owned by insolvent group Arcandor.Metro is examining the possibility of renting selected properties directly from owners once Karstadt goes into bankruptcy. A Metro spokesman said the retailer was interested in acquiring the ...
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NewsCarpetright eyes Allied Carpets’ ‘hidden gem’ insurance business
Carpetright is in talks to acquire all or parts of the Allied Carpets Inspections business as it makes a play for the insurance market.
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Savola Group to buy all Géant hypermarkets in Saudi Arabia
Saudi-based Savola Group, owner of Panda retail group, has agreed to pay SR440m (£71.1m) to buy all 11 Géant hypermarkets in Saudi Arabia owned by the Fawaz Alhokair Group, a Casino franchisee.The acquisition will enable Panda to increase its share of the Saudi retail market and lift turnover by 13 ...
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NewsThe Earring Boutique moves ahead with expansion plans as sales rocket
Online jewellery retailer The Earring Boutique is ploughing ahead with its expansion plans after notching up a 50 per cent increase in like-for-like sales in the three months to date.
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NewsJJB Sports grilled over stock by Sports Direct at AGM
JJB Sports faced a dramatic showdown at its AGM in Wigan last week when representatives of Sports Direct founder Mike Ashley, who has been embroiled in a loan row with JJB chairman Sir David Jones, turned up to question the board on its stock position.
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Top property agent to head Apple growth plans
Apple is expected to ramp up its European property strategy by appointing a leading agent to head its growth plans.
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Loblaw to acquire T&T Supermarket
Grocer Loblaw is to acquire Canada’s largest Asian food retailer, T&T Supermarket, comprising 17 stores and four distribution centres.The retailer will add about C$500m (£280.1m) in sales to Loblaw’s business, which is paying C$225m (£126m) for the deal, which is expected to complete before the year end.Like-for-likes at Loblaw rose ...
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NewsStrong sales spur on QS growth push for Store 21
Value-fashion retailer QS is on the expansion trail after a period of strong sales growth.
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NewsKingfisher charms City with Q2 numbers
Kingfisher impressed the City with its pre-close second-quarter update as gains in the UK and Poland helped lift group sales.
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Bharti Retail to open up to 100 EasyDay stores
Bharti Retail plans to open between 75 and 100 EasyDay stores in 25 cities in northern India by the end of this financial year.The retailer said it will focus on a mixture of small and medium-sized formats in “tier 1 and tier 2” cities.Bharti Retail is also planning to open ...
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NewsMarks & Spencer links with Formula 1 team for boys’ range
Marks & Spencer has signed a three-year deal with the Vodafone McLaren Mercedes Formula 1 team to create an exclusive boys apparel range.
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NewsHouse of Fraser directors to join Crombie
House of Fraser directors June Lawlor and Colin Porter are to leave the department store to join menswear brand Crombie in September.
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NewsShop Direct Group trading director exits
Shop Direct Group’s trading director David Inglis has left the business.
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NewsMothercare boss in line for £3.5m bonus
Mothercare boss Ben Gordon is set to benefit from a potential £3.5m bonus after hitting performance targets.
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NewsLinks of London founders launch fine jewellery business
The husband and wife team behind jewellery chain Links of London have launched a new business in 11 department stores.
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NewsAndy Bond warns of long road to recovery
Despite a better than expected trading outlook for the rest of this year, the road to recovery for UK retailers will be long and hard, Asda chief executive Andy Bond has suggested.
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NewsWaitrose and Duchy Originals in deal talks
Duchy Originals and Waitrose are discussing a deal that would integrate Prince Charles’s food products into the upscale supermarket chain’s mainstream operation, according to The Times.
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NewsGame agrees £175m refinancing
Entertainment retailer Game has refinanced and extended its borrowing facilities to June 2012.
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NewsLombok bought out of pre-pack administration
Mid to high-end furniture retailer Lombok has been bought out of pre-pack administration by a consortium led by Privet Capital and Paradigm this afternoon.