All News articles – Page 1797
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NewsPlans unveiled for retail scheme to revive Harlow
Ambitious plans for a 1.3 million sq ft retail-led regeneration scheme at Harlow in Essex have been unveiled ahead of the submission of a formal planning application.
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NewsWyevale head poached for Hamleys restructure
Hamleys has poached Wyevale head of home Laura Olver as part of a restructure of the business.
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NewsGeneral retail stocks outshine the index
General retailers performed strongly over the week, putting food stocks and the All-Share index in the shade.
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Gap to launch in Thailand next spring
Gap will launch in Thailand next spring after signing a franchise agreement with Armin Systems. Gap also said that comparable store sales in June were down 10 per cent, while total sales fell 9 per cent to Story text.29bn.Store sales for Banana Republic in North America fell the most on ...
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NewsWaitrose sales outpace Marks & Spencer food for first time
Waitrose managing director Mark Price has revealed that the grocer has overtaken Marks & Spencer in food sales for the first time in its 105-year history.
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NewsThe Entertainer hires ex-Woolworths man
Toy chain The Entertainer has appointed former Woolworths head of retail operations Nick Hargreaves to the same position.
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NewsEarnings upgrades in sight as retail sales hold their own
The City took heart at better than anticipated retail sales in June, raising the prospect of sector upgrades.
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Reliance Retail Digital to expand and launch private-label electricals
Reliance Retail Digital is to open a further 21 outlets this financial year and plans to launch private-label electrical products within months.The retailer has 14 stores at present, in cities including Mumbai, Jalandhar, Bangalore and Chennai.Reliance Retail Digital president and chief executive Ajay Baijal said that although there are risks, ...
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Department stores' sales suffer in June
Department stores have revealed lacklustre sales in June.Neiman Marcus reported total sales fell 19.4 per cent during the five-week period. Sales declined to $323m from $401m (£200.7m from £249.1m) the year before. Like-for-like sales at the group, which also includes Bergdorf Goodman, fell 21 per cent.Macy’s posted a 9 per ...
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NewsIkea cost cutting prepares it for renewed success
Ikea has made an unprecedented number of job cuts as it faces declining sales for the first time in its 65-year history. However, industry observers do not believe the world’s largest furniture retailer is on the wane.
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NewsDunelm impresses City with sales jump
Homewares retailer Dunelm impressed the City with higher than expected second-half sales and ambitions to open more stores in the financial year.
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NewsChimpogo.com combines social media and e-commerce
Showing perfectly how social media and e-commerce can be merged, Chimpogo allows visitors to its site to create a design or illustration for a t-shirt. Shoppers submit their design alongside some information on the story behind it, and other visitors to the site can then blog about it and rate ...
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Promotion planned for Metro chief financial officer
Metro plans to promote its chief financial officer Thomas Unger to the role of deputy chief executive early next year, according to local reports.Unger will be tasked with overseeing Metro’s restructuring programme “Shape 2012”, which will result in 15,000 job losses and aims to increase profits by €1.5bn (£1.3bn).He will ...
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Rakuten chases overseas sales
Rakuten, Japan’s largest e-tail site, is chasing overseas sales as revenue from international shoppers grows at 19.7 per cent a month.Rakuten president Hiroshi Mikitani expects international sales to hit $1m (£621,300) a day by the end of the year. The e-tailer was founded in 1997 and has 47 million members ...
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NewsEmbattled Focus strikes Carpetright concessions deal
Focus, which is awaiting confirmation of continued support from its banks, has struck a deal with Carpetright for the floor coverings specialist to open concessions in its stores.
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Suning poised to buy stake in Laox
China’s second largest home appliance chain Suning is poised to buy a ¥800m (£5.4m)stake in struggling Japanese consumer electronics retailer Laox. Suning will acquire 66.7 million shares at ¥12 (8p) a share. The deal will give it a 27 per cent holding, making it Laox’s largest shareholder. A formal arrangement ...
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NewsGovernment considers business rates relief fund
The Government has launched a consultation process on a £2bn relief scheme for businesses, including retailers, affected by next year’s business rates revaluation.
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NewsRetailers’ Sale discipline returning, says Burberry
Burberry has said fewer retailers on the high street have started their Sales early this year, pointing to the emergence of better price discipline.
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Best Denki reveals widening net loss
Electricals retailer Best Denki revealed a widening net loss of ¥1.98bn (£13.4m) in the three months to May 31, compared with a net loss of ¥168m (£1.1m) in the same period last year. Net sales fell 5.8 per cent to ¥79.4bn (£535.8m).Founded in 1953, the retailer sells discount electricals and ...
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Former Baugur investments boss Jeff Blue mulls return to retail
Former Baugur head of retail investments Jeff Blue has registered a company, Aspiring Capital Partners.