All News articles – Page 1815
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News
Rewe increases sales
Grocery group Rewe increased group-wide retail sales by 10.5 per cent to €49.8bn (£42.9bn) in 2008, it revealed this week, with EBITDA up 8.5 per cent to €1.34bn (£1.15bn).It recorded growth both in its German home market and abroad, but contributions from overseas operations were particularly strong. Sales increases were ...
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Tommy Hilfiger sales soar
Sales at fashion brand and retailer Tommy Hilfiger – headquartered in Amsterdam – soared 21 per cent to €1.6bn (£1.4bn) in the year to March 31. Retail sales jumped 29 per cent, while wholesaling sales rose 16 per cent.During the year a further 100 standalone stores opened globally, bringing its ...
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Vishal Retail opens hypermarket in Gondia
Indian retailer Vishal Retail has opened its first hypermarket in the country, in Gondia, western India.The large format store covers more than 10,765 sq ft, selling various brands. The retailer plans to open a second hypermarket in Jalandhar, Punjab this month.Separately, a fire broke out at Vishal Retail’s 300,000 sq ...
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NewsHouse of Fraser to trial product videos
House of Fraser intends to begin trialling product videos on its website in the Autumn to measure the impact on sales.
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Possible expansion into Russia for Wal-Mart
Wal-Mart International chief Doug McMillon has said the retailer is pursuing a variety of options to enter Russia.A delegation from Russia attended the retailer’s associates’ meeting last week and McMillon said Wal-Mart could proceed by acquisition or by opening its own stores, but no time frame has been set. “We ...
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NewsMenkind expands
The men’s gifts and accessories retailer has pushed the button on expansion after its most profitable year ever.
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NewsPoundland on ebay
Products from Poundland’s sell-out wedding range are being sold on eBay at “considerably” inflated prices.
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NewsScandinavia next in M and M Euro drive
Discount e-tailer M and M Direct intends to open up its new euro currency website to countries in Scandinavia as it takes advantage of the weak pound.
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NewsNokia rethinks Regent Street flagship design
Nokia is expected to begin work imminently on remodelling its flagship store on Regent Street, less than 18 months after its high-profile opening.
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Steamer profits lift as it defies dire market
Kitchenware retailer Steamer Trading Cookshop has defied dire trading conditions to reveal a lift in full-year profits.
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Same-store sales in US decline
Same-store sales declined 4.6 per cent in the US in May, according to a report from Goldman Sachs and the International Council of Shopping Centers. The results were worse than a forecast 3 per cent drop.Among a slew of disappointing like-for-likes, department store group Nordstrom reported a fall of more ...
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NewsDebenhams drives down debts with share placing
Debenhams has raised £323m by placing new shares in a bid to slash its £972m debt pile.
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Dm Drogerie Markt to double its Czech Republic stores
German pharmaceuticals chain Dm Drogerie Markt wants to double the 155 stores it has in the Czech Republic. The retailer’s founder and co-owner Götz Werner said he plans to open 20 stores this year. The Czech Republic arm is owned by Dm Austria, which oversees expansion outside Germany.The move follows ...
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NewsComet customers to share product queries online
Comet will let customers ask and answer each other’s questions about products using a service it is to add to its website.
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Comercial Mexicana considers debt for equity swap
Mexican supermarket group Comercial Mexicana is considering a debt for equity swap as part of discussions with its creditors. In October the retailer defaulted on its debt after being hit hard in the global downturn.Comercial Mexicana has been attempting to strike a deal without selling key assets or giving up ...
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NewsStrong Morrisons update met with caution
Morrisons has unveiled robust trading in its first quarter, with “sales growth well ahead of the market”, it claimed.
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NewsPringle hits catwalk
Scottish knitwear brand Pringle will join Burberry and Matthew Williamson at London Fashion Week this September to celebrate the event’s 25th birthday.
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NewsCarphone Warehouse to roll out standard operating procedures
Carphone Warehouse is to issue standard operating procedures to all stores at the end of June as part of an efficiency drive using best practices learned from Best Buy.
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NewsCargo owner launches soft furnishings chain
The parent company of furniture retailer Cargo has launched a new textiles and soft furnishings chain using the brand Homestyle.
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NewsRetail’s got talent: Retail Trust launches its campaign
Move over Britain’s Got Talent, retail now has its very own version of the hit TV variety programme.