All News articles – Page 1831
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News
Arcandor to apply for state aid
Debt-laden conglomerate Arcandor – parent of the Karstdadt stores business – aims to formally apply for state aid soon, its boss told reporters. “We are striving to submit an official request for state guarantees through the banks,” said chief executive Karl-Gerhard Eick. Small banks want to withdraw e90m (£81m) loans ...
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Ahold posts strong first quarter net sales growth
Grocery giant Ahold posted strong net sales growth of 15.2 per cent to €8.7bn (£7.8bn) for the first quarter ending April 19, led by a strong performance in its core European and US markets. Its Albert Heijn chain generated net sales growth of 12.3 per cent to €3bn (£2.7bn). In ...
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NewsPets at Home outlines ambitious growth target after sales jump
Pets at Home is ramping up its expansion plans as it seeks to increase its share of the pet market.
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Signet fortunes turn after US Valentine’s sales boost
Leading jeweller Signet said its US operations, which account for the bulk of its sales, put in an “encouraging” first-quarter performance compared with the previous period.
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NewsRetail bosses back National Skills Academy for Retail
Top retail bosses get behind launch of National Skills Academy for Retail. Ben Cooper reports
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NewsWin for London’s Fashion Retail Academy students
The shopkeeping school backed by companies including Arcadia, Marks & Spencer and Tesco, won the Retail Futures Challenge at last week’s World Retail Congress. Their e-tail venture, Updatemywardrobe.com, blends social networking with selling and beat rivals from New York’s Fashion Institute of Technology and the Hong Kong Polytechnic.The contest was ...
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Retail industry hails 1.2% minimum wage rise
Retail industry organisations welcomed Tuesday’s decision on a 1.2 per cent rise in the national minimum wage, despite some earlier calls for a total freeze this year.
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NewsAsda to boost home shopping as sales soar
Wal-Mart-owned grocer Asda intends to test a “home shopping centre” designed to extend retail capacity in its busiest locations.
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Recession hits Musgrave profits
Musgrave, the group whose brands include Budgens, Londis and SuperValu, suffered a profits fall as the recession bit – particularly in its Republic of Ireland domestic market.The company, which works in partnership with independent retailers that use its symbol fascias, said “increased margin and cash flow support” to its partners ...
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NewsMulberry to take full control of US business
Mulberry will take full control of its US business after agreeing to end a joint venture with its US partner.Mulberry will take control of its wholesale and retail sales in the US, which it hopes will create a more efficient operation when combined with its online business, over which it ...
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NewsKesa like-for-like sales fall as further restructuring announced
Kesa has reported like-for-like sales across its electricals business were down 6.1 per cent in its full year to April 30, with total sales up 8.3 per cent.Like-for-like sales at its UK Comet chain dropped 7.7 per cent on a like-for-like basis for the year, with total revenues down 5.1 ...
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NewsNext to offer catwalk looks to customers
Next is poised to launch a new catwalk-inspired range for its customers.
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NewsM&S to put 2 million products on sale for 1p each for 125th birthday
Marks & Spencer will celebrate its 125th birthday next week by returning to its origins as a penny bazaar and putting 2 million products on sale for 1p each.
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NewsMorrisons launches drive to reduce customers’ food waste
Morrisons has launched its “Great Taste Less Waste” programme to reduce the amount of food waste its customers create.
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NewsJustin King says he is staying at Sainsbury’s
Justin King has said he has no intention of quitting Sainsbury’s, quashing persistent speculation that he is being lined up as the next chief executive of Marks & Spencer.
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NewsEBay victory over L’Oréal in French court
EBay has won a Paris court case brought against it by cosmetics giant L’Oréal over counterfeit perfumes on eBay’s website.The court found in favour of the internet auction site saying that it was not liable for the fake products and that it had met its obligations to combat counterfeits.L’Oréal sued ...
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NewsLK Bennett to personalise marketing messages
LK Bennett is to personalise the content of marketing emails to its international customer base using a system from smartFOCUS Digital.
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NewsWilkinson cuts sourcing costs with new system
Wilkinson has reduced the costs of developing and sourcing products after going live with a supplier management system.
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NewsDSGi improves efficiency with SAP Finance software
DSGi has revealed that it is seeing benefits from introducing standardised finance processes since going live with the SAP Finance system late last year.
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NewsHMV rolls out system to track supplier deals
HMV is to bring in a deal-terms management system to help buyers track negotiations with music, DVD and games suppliers.