All News articles – Page 1844
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NewsThree retailers set to open in Cambridge’s Grand Arcade
Calvin Klein, Kurt Geiger and Jack & Jones are set to open stores in Cambridge for the first time.All three have taken stores at the Grand Arcade shopping centre, which is owned by Grand Arcade Partnership, a joint venture between Grosvenor and Universities Superannuation Scheme.They join brands already trading in ...
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NewsNew Look to launch second generation e-commerce site
New Look is to replace its website platform with a system from ATG.
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Retailers’ expansion abroad continued in 2008 despite downturn
International expansion by retailers continued throughout 2008 despite the tough global economic climate, a report has revealed.
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B&Q awards £9m of shares to staff
B&Q is awarding £9m of shares in parent company Kingfisher to more than 300 store managers in order to maintain high store operating standards.
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NewsChancellor agrees £5bn deal with largest credit insurers
The Chancellor is expected to deliver some much-needed good news to retailers in his Budget tomorrow revealing a temporary scheme to ensure a £5bn provision for supply chain insurance.
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NewsPrimark first half sales hit £1bn
Primark outperformed the fashion market with sales breaking the £1bn mark in its first half, but warned margins will come under increasing pressure.
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NewsAlexon rejects approach to acquire business
Fashion group Alexon has rejected an unsolicited approach from an unnamed third party wanting to acquire the retailer.
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NewsBurberry set to hit market expectations
Burberry said it will hit market expectations for its full year pre-tax profits after revenue for its second half to March 31 grew 2 per cent.
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NewsTesco posts record profits of £3.1bn
Tesco’s underlying pre-tax profits passed the £3bn mark for the first time in the year to the end of February, totalling £3.1bn, an increase of 8.8 per cent.
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NewsTesco to ramp up telecoms shops
Tesco is to double the number of in-store telecoms shops in its supermarkets by the end of the year.
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NewsLondon like-for-likes climb 5.1 per cent
London retail sales grew 5.1 per cent on a like-for-like basis in March, outperforming the UK as a whole which declined 1.2 per cent.The British Retail Consortium-KPMG figures show like-for-likes grew 5.8 per cent in January to March, while UK like-for-likes dropped 0.7 per cent.The BRC said comparisons were difficult ...
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NewsNearly 20,000 jobs threatened by business rates rise
Business rates rises could kill off nearly 600 retail businesses resulting in 19,300 redundancies by 2012, according to the British Retail Consortium (BRC).
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UK retains position as most international market
The UK has retained its position at the top of the international market rankings.According to a survey conducted by property agency CB Richard Ellis, the UK is still home to more international retailers than any other market.As part of the study, How Global is the Business of Retail?, 280 retailers ...
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NewsCarrefour reports ‘stable’ first quarter
International retail giant Carrefour has reported “stable” sales of €22.7bn for the first quarter of this year.
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NewsBRC demands credit insurance redress at Budget
Half of large retailers say the reduction or withdrawal of trade credit insurance has undermined their ability to trade.According to the British Retail Consortium’s Credit Conditions Survey, 40 per cent of small and medium-sized retailers also say the reduction or withdrawal has undermined their position.Two thirds of larger retailers believe ...
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NewsJohn Lewis reports strongest week of year
Department store group John Lewis has reported its strongest week of the year to date, with sales down just 1.5 per cent.For the week ending April 11, John Lewis said it had been fortunate “to enjoy a more clement spring for the season as a whole” and trade has done ...
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NewsJapan’s government steps in as spending plummets
Japan’s government last week laid out plans to plough an extra ¥10 trillion (£68.2bn) into attempts to stimulate its ailing economy.Retail sales have been a big victim of the country’s economic travails and fell to their lowest levels for seven years in February.Japan’s finance minister Kaoru Yosano has labelled the ...
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NewsJD Sports to expand fashion as full-year results impress
JD Sports Fashion chief executive Barry Bown has laid out plans to up the retailer’s fashion offer as he pleased the City with a solid set of full-year results.Bown plans to expand the Bank fascia from 54 to 150 stores in the next five years and will launch transactional Bank ...
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Play.com spurred by sales in home entertainment
E-tailer Play.com has stormed ahead of its sales expectations in the year to date, led by demand for home entertainment products such as DVDs.Chief operating officer Stuart Rowe said: “We are ahead of budget with customers spending in all areas with lower price points. We are not selling as many ...