All News articles – Page 1842
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News
Uniqlo launches online in China
Fashion retailer Uniqlo has launched online in China on website Taobao.com. The site is part of the Alibaba Group, which is 39 per cent owned by Yahoo.Tadashi Yanai, chairman of Fast Retailing – Uniqlo’s parent company – said the strategy will allow Uniqlo access to Taobao’s 100 million registered users.Uniqlo ...
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NewsWal-Mart plan to cut costs in China raises concerns
Wal-Mart sent a disappointing signal to the Chinese retail market last week when it revealed it was launching a job optimisation programme to reduce staff costs in the country.
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New chief named for Warehouse Stationery
Discount retailer The Warehouse has appointed Mark Powell as chief executive of its subsidiary Warehouse Stationery, following the resignation of Gary Rohloff.Powell has worked at The Warehouse for six years in senior executive roles. Previously he worked at global giants Wal-Mart Canada and Tesco UK. He is general manager of ...
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NewsHalfords to overhaul supply chain as it strives to cut costs
Bicycle and car maintenance specialist Halfords is rethinking its supply chain and distribution centre network in an effort to save costs and drive efficiencies.
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Directors leave board of US Borders
Embattled American bookseller Borders is undergoing more upheaval, with directors Edna Medford and Michael Weiss leaving the board.Five of the remaining eight directors have also announced they are to leave, although they will wait until the retailer has found replacements before they go.Borders plans to hire a search firm to ...
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NewsHamleys to exit House of Fraser as it eyes bigger stores
Hamleys is pulling the plug on its House of Fraser concessions as it concentrates on opening large standalone stores in the UK.
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Best Denki forecasts profit in current year
Electricals and consumer goods retailer Best Denki has forecast that it will notch up profits of ¥150m (£1m) in the year that began March 1, up from a net loss of ¥3.01bn (£21m).Best Denki blamed weak consumer spending and price deflation for last year’s losses. Sales in the year to ...
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NewsCarphone Warehouse says ‘banks open for business’
Carphone Warehouse said that confidence for the coming year is “as high as it has ever been” as the retailer pinpointed signs of “stability” in the banking sector and consumer confidence.
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Australian Woolworths sales climb
Sales at the country’s largest retailer Woolworths climbed 5.9 per cent to Aus$12bn (£5.81bn) in the 13 weeks to April 5.Its Australian Food and Liquor division achieved a 10 per cent hike in sales, with like-for-likes climbing 7.9 per cent. Like-for-likes at its New Zealand Supermarkets arm rose 3 per ...
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NewsAsda opens new George HQ
Asda has opened its new £12m headquarters for its George clothing brand.
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Arcandor to restructure
Arcandor, operator of department store chain Karstadt and home shopping group Primondo, is to restructure its business at a cost of €900m (£800.4m) over the next five years.Karstadt will form part of a new management board-level division called Atrys. Arcandor aims to save 5 per cent of its €7bn (£6.23bn) ...
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NewsHopes rise that JJB will win approval for CVA
JJB has received a positive response from its creditors over its proposed company voluntary arrangement (CVA), giving it fresh hope that its future can be secured.
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NewsClarks launches sports ranges to broaden appeal
Clarks is to launch its first ever sports ranges to extend its reach to customers.
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NewsAlexon considers cutting loose ailing Bay Trading
Fashion group Alexon is considering selling Bay Trading as a “back-up plan” after the young-fashion brand’s performance dragged down full-year group pre-tax profits.
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Space NK chief executive leaves after five years
Space NK chief executive Judith Pilkington has stepped down from the luxury beauty retailer.
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NewsHawkin’s Bazaar tries outdoor ads
Toy and gift retailer Hawkin’s Bazaar is aiming to increase brand awareness in shopping centres via an outdoor ad campaign that takes advantage of what it claims is a new medium.
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NewsAldi joins price wars with raft of 99p products
Aldi has slashed the price of some of its most popular products to just 99p as it wades into the supermarket price wars.
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Ideal to improve online offer after £4m loss
TV shopping group Ideal Shopping Direct has said it will focus on improving its online offer after a turbulent year led to a pre-tax loss of £4m.
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NewsTesco outperforms as profits rocket to £3bn
General retail stocks have outperformed the supermarkets lately, but that pattern was reversed this week as Tesco’s full-year results exceeded City expectations.
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News
Game posts record year but slower start to 2009
Game’s underlying pre-tax profit rocketed 67 per cent to £126.2m in the 53 weeks to January 31, although present trade has slowed.