All News articles – Page 1835
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NewsDownturn not as bad as predicted says Next chief executive Simon Wolfson
Next chief executive Simon Wolfson has said the market is bottoming out but said it is premature to call a recovery and that lower VAT was distorting the real consumer picture.
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NewsWyevale axes carbon neutrality promise
Garden centre chain Wyevale has scrapped plans to become carbon neutral by 2010 after its new management deemed the pledge “unrealistic”.
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NewsAsda pushes into games market by hiring experts
Asda has hired 12 games specialists from rival Gamestation and now defunct distributor EUK to ramp up its gaming business.
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NewsTalks reopen for new Nottingham Armani store
Nottingham City Council is prepared to re-enter talks with Armani after it rejected the fashion retailer’s plans to open in the city.
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NewsBRC appeals to Government on regulation and interest rates
New British Retail Consortium chairman Luke Mayhew has highlighted the issue of regulation and business rates to the Government at the BRC annual parliamentary reception in Westminster on Tuesday.
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Abercrombie & Fitch to cut jobs
Fashion retailer Abercrombie & Fitch is to cut 170 roles at its head office in Columbus, Ohio. The retailer will cut 9 per cent of its 2,000-strong positions to reduce costs.Abercrombie & Fitch has suffered from a downturn in sales as US consumers rein in spending. Chief financial officer Jonathan ...
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Shopper’s Stop sales rise 9 per cent
Indian retail group Shopper’s Stop has revealed sales rose 9 per cent to INR3.5bn (£46.9m) for the quarter to the end of March.The group – which operates large-format department stores, home stores and speciality retailers including Mothercare in the country – said margin for the quarter increased 4 per cent. ...
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NewsLush launches first of six in-store spas as profits skyrocket 89%
Handmade cosmetics retailer Lush has opened its first in-store spa as it revealed group pre-tax profit soared 89 per cent to £19.4m.
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NewsDSGi secures £311m injection to speed up turnaround plans
DSGi has raised £311m to accelerate its turnaround plans after credit insurance difficulties led to a sharp rise in debt.
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Retail sales fall 8.2 per cent
Spanish retail sales fell 8.2 per cent in March. It is the second largest fall on record and the 16th consecutive month of decline as unemployment soared and consumer confidence dropped.
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NewsSainsbury’s celebrates its 140th birthday with new Bag for Life
The grocer is selling a limited edition Bag for Life for £1 to celebrate its 140th birthday this month.
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NewsClas Ohlson plans 10 UK stores in a year
Swedish hardware chain Clas Ohlson is ramping up its UK expansion plans as it explores its long-term ambitions for Europe.
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Equity markets ‘open for business’
The equity markets are still open for business if retailers and investors are willing to collaborate, according to industry observers.
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Overseas retailers advised to focus on regional expansion in China
Overseas retailers wanting to enter the booming Chinese retail market should focus on regional expansion and not attempt a national launch, delegates were told at the World Retail Congress on Thursday.
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Supply chain collaboration can improve sustainability
Collaboration with your supply base can not only reduce costs but also help retailers become more sustainable, the World Retail Congress heard on Thursday afternoon.
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NewsFlying Brands loses finance director
Flying Brands group finance director Graham Norton has resigned from the home shopping specialist.Current group financial controller Anthony Gee will take over as finance director on May 31. Norton will leave at the end of this month to join a FTSE 250 company.Flying Brands chief executive Stephen Cook said: “We ...
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Consumer behaviour has undergone ‘climate change’
Former Procter & Gamble global marketing officer Jim Stengel said retailers face a “climate change” as shopper behaviour undergoes a fundamental and irreversible shift.
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Company culture key to staff retention
The creation of a company culture is essential to successful succession planning, the World Retail Congress was told.
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Retailers call for transparency with suppliers and credit insurers
Retailers have called for greater transparency in dealings with suppliers and credit insurers to ensure businesses remain secure during the downturn.
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Retail industry urged to react to changing shopper sentiment
Retailers need to work harder to persuade shoppers to start spending again in what is the most difficult time in the sector’s history. That was the message from famed former Bloomingdale’s president and chief exec Marvin Traub at the World Retail Congress today.