All News articles – Page 1833
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NewsWickes owner Travis Perkins secures rights issue to raise £300m
DIY chain Wickes’ parent company, builders’ merchant Travis Perkins, has secured a rights issue to raise £300m.The company has revealed it secured a fully underwritten 7 for 10 rights issue, through the issue of nearly 86 million new shares.It has raised gross proceeds of around £314m (around £300m net of ...
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NewsFood price inflation falls
Food prices fell 1.2 per cent from March to April and were up 7.6 per cent on the previous year. The year-on-year rise was the slowest increase so far this year, suggesting food inflation may have finally peaked.According to the Verdict monthly Food Price Tracker, year-on-year inflation in April was ...
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Innovation still key for recession survival
Innovation is essential to success and should not be stifled in recessionary times, according to retailers speaking at the World Retail Congress.
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Retailers' opinion mixed over opportunities in Russia
Opinions were mixed at today’s World Retail Congress about whether international retailers should attempt expanding into the Russian market.
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Survey reveals Ikea is world's most trusted retail brand
Ikea has come out on top in a survey of the world’s most trusted retail brands released at World Retail Congress today.
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Luxury retailers must justify their prices
Recession will not lead to the demise of the luxury sector but upscale retailers and brands will need to live up to their consumer promise in order to succeed, the World Retail Congress heard.
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Youth cannot be defined as a demographic
What does youth mean today? The question was mulled over today at the World Retail Congress by a panel of experts led by Juliet Warkentin, content director at WGSN.
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Lego plans more retail stores to help build customer loyalty
Lego plans to continue building its retail portfolio because it believes selling directly to consumers increases customer loyalty, the world-leading toy brand revealed in a session on multichannel retailing at the World Retail Congress 2009.
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Opportunities still exist in emerging markets
The window of opportunity in emerging markets is still open, although the global economic crisis is having an effect, the World Retail Congress heard this morning.
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Retailers should push suppliers for in-store investment
Retailers should be pressing their suppliers to help them deliver a better in-store experience for their customers, claimed WPP The Store chief executive David Roth at the World Retail Congress.
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Customer experience is lynchpin of multichannel success
Half of UK shoppers switch retailers when they move between buying channels, research by IBM showed.
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Make more of what you have, urge store designers
Revise, remix, reinvent and reuse. This was the advice given by a panel of store designers at the World Retail Congress in Barcelona in a session on Store Design During a Recession.
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NewsCarphone Warehouse buys Tiscali UK
The Carphone Warehouse and Tiscali have reached an agreement for TalkTalk to acquire Tiscali’s UK operations for £236m.
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Retailers should respond to shifting global sourcing patterns
Retailers should not adopt a “one size fits all” approach when deciding how and where to source globally, according to Christine Cross, who sits on the board of Next and runs her eponymous consultancy firm.
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NewsM&S admits ‘we boobed’ over larger bra sizes
Marks & Spencer has admitted it was wrong to charge a £2 surcharge on larger bra sizes, after campaigners hit out earlier this week.
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NewsJohn Lewis reports steady week
John Lewis has reported a consistent week of trading, with weekly sales down 3.1 per cent.
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NewsTesco invests £150m in Clubcard relaunch
Tesco has invested £150m in the relaunch of its Clubcard next week, allowing customers to double the value of their vouchers.
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NewsOxfam suffers first drop in donations in eight years
Oxfam has felt the effects of the recession as it reports its first drop in donations for eight years.The charity shop’s donations are down 12 per cent so far this year, which it fears could mean a total of 1.2 million fewer donations in 2009.Demand for Oxfam’s goods remains high, ...
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NewsSales ahead over bank holiday weekend
The bank holiday boosted sales for retailers, with total sales up 1.5 per cent on a like-for-like basis in the week to May 3.Non-fashion retailers had a strong week, with sales ahead 3.3 per cent. Luxury and leisure retailers enjoyed a particularly good week of trading, according to BDO Stoy ...
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Sales tumble for two office supplies retailers
Two office supplies retailers have experienced tumbling sales and profits in their first quarter.Office Depot revealed a net loss of $55m (£36.4m) compared with profits of $69m (£45.7m) last year. Total sales plummeted 19 per cent to $3.2bn (£2.12bn). Like-for-likes in its retail division declined 17 per cent, as consumers ...