All News articles – Page 1834
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News
Pre-tax profits at Metro plummet
Pre-tax profits at grocer Metro plummeted almost 50 per cent in its first quarter to e84m (£74.8m). Sales also fell 2.5 per cent to e15.2bn (£13.5bn) in the three months to the end of March.
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Sun and self-help lift Marks & Spencer trade
Good weather, self-help initiatives and greater market stability may have boosted trading at Marks & Spencer, City brokers believe.
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NewsMost of senior New Look team to join London HQ
New Look has said 60 per cent of staff affected by the decision to relocate its buying, merchandising and design teams from Weymouth to London have elected to move with the retailer.
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NewsRetailers lash out over fines for non-compliance with PCIDSS
Retailers are lobbying the payment industry in a bid to scrap the fines they are being forced to pay for not yet being compliant with the Payment Card Industry Data Security Standard (PCIDSS).
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Falabella experiences first quarter profit fall
Store group Falabella suffered a profit fall in its first quarter as global economic turmoil took a toll.The retailer, which runs supermarkets, home improvement stores and department stores in Argentina, Colombia and Peru as well as its domestic market of Chile, reported like-for-like declines of between 2.7 per cent and ...
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NewsStella McCartney launches exclusive range at Net-a-Porter
Designer Stella McCartney has launched an exclusive fashion range for e-tailer Net-a-Porter. The 23-piece collection includes shoes, handbags and T-shirts starting from £145.
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NewsFamily packs pay off for Fresh & Easy
Fresh & Easy’s 40- to 45-ounce family-sized prepared meals are now the six top-selling lines in the 110-product range, vindicating the grocer’s strategy of offering larger pack sizes.
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Kesko Group's first-quarter sales dip
Kesko Group has recorded first-quarter sales dipped 11.4 per cent year-on-year to E2.02bn (£ 1.96bn). The grocer’s underlying operating profit for the quarter fell by more than 90 per cent to E3.4m (£3m), from E36.6m (£32.6). At its food arm sales rose 4 per cent. However, sales at its home ...
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NewsVision Express profits up despite downturn
Vision Express has reported an uplift in underlying profits in its full-year results as it eyes acquisition opportunities this year.
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NewsItaly’s Furla upbeat despite squeeze on luxury market
The outlook for luxury retailers remains uncertain, but some international brands are confident of continued success. Among them is Italian group Furla, which delivered a strong performance last year.
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NewsCo-op’s local format helps it secure record results
Co-operative Group has said its local format has helped it report record results, with operating profit before significant items up 11 per cent to £393m.
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March consumer spending slides
Consumer spending slid in March, although experts predict recovery is on the way. While consumption rose 0.9 per cent in January and edged up 0.1 per cent in February, it dropped 0.2 per cent in March, on a month-by-month basis. Consumption rose 2.2 per cent over the quarter, on an ...
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NewsHome Retail Group divides City
Home Retail Group, owner of Argos and Homebase, met full-year profit expectations but brokers were divided on its merits.
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NewsCity encouraged by general retail outlook
Food stocks dipped this week while general retailers continued to outperform, with brokers encouraged by some prudent management outlined in the updates.
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Carrefour and Reliance Retail discuss joint venture
French retailer Carrefour is in talks with Indian giant Reliance Retail about forming a joint venture.Carrefour has been negotiating to operate in India in partnership with tycoon Kishore Biyani’s Future Group, but no deal has been struck.The French group is now talking to other potential partners, including Aditya Birla and ...
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NewsCarpetright targets high street as property prices plummet
Carpetright, the UK’s largest flooring retailer, is shifting its focus from out-of-town back to the high street to take advantage of falling rents, which have plunged by as much as 50 per cent.
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NewsBroker warns investors not to overlook Mothercare
Mothercare has been overlooked by investors, despite its strong growth prospects, according to Investec analyst Katharine Wynne.
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Quarantined Mexicans boost sales
Mexican retailers have witnessed a sales surge as President Felipe Calderón ordered all 103 million Mexicans to stay at home in a bid to contain swine flu. The five-day quarantine led to shoppers stocking up on food, DVDs and video games.In the northern city of San Luis Potosí, Blockbuster store ...
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NewsHomeForm trials concessions in Bhs Home stores
HomeForm has opened concessions in four Bhs Home stores as it seeks to reach a wider audience.
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NewsMichael Murphy becomes Quidco executive chairman
This cashback co-operative hit the headlines last week after Michael Murphy, who shared a £175m earn-out from the sale of Friends Reunited, completed a management buy-in and became Quidco’s executive chairman.