All News articles – Page 1848
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Japanese convenience stores expand in China
Aeon is to open its first convenience stores in China, while Seven-Eleven Japan is set to expand its chains there further.
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NewsCargo to open garden centre concessions
Furniture and homewares retailer Cargo will this week launch its first concession in a garden centre as it seeks to widen its appeal.
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NewsGermany’s Butlers plots UK comeback
German homewares retailer Butlers, which offloaded all but one of its UK shops last year, is gearing up to open a tranche of new stores.
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City supports Findel’s closure of two brands
Home shopping group Findel’s decision to close its loss-making Cotswold Company and Letterbox brands has been welcomed by the City.The decision, which followed a strategic review announced in February, will eliminate losses and costs of £8m in 2008/09.Findel will also close central administration functions associated with its group of cash-with-order ...
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PPR boss trapped in car by employees
Billionaire retailer François-Henri Pinault was held captive in his car for an hour after becoming a victim of the trend for credit crunch boss-napping in France.Pinault, who is chief executive of luxury brands group PPR and husband of Hollywood actress Salma Hayek , was trapped by 50 employees angered ...
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Borders US fears grow as market woes widen losses
Embattled bookseller Borders US has plunged further into the red, prompting some experts in the US to suggest Chapter 11 bankruptcy may be its only chance of survival.The company reported a consolidated loss of $16.2m (£10.9m) in the year to January 31 compared with a consolidated loss of just $400,000 ...
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Midcounties Co-op bucks trend with profits boost
The Midcounties Co-operative has bucked the economic downturn to report a 35 per cent uplift in full-year profits to £16.2m.
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Casino gains call option on ING stake in Super de Boer
An agreement with ING has given grocer Casino a call option on the bank’s stake in Dutch grocer Super de Boer.
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Landsbanki director to sit on board of Hamleys
Hamleys has appointed a Landsbanki representative to its board and reiterated that the nationalised Icelandic bank does not intend to sell its majority stake.
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NewsTesco’s management incentives ‘best in class’
Tesco’s management incentive scheme is the most likely among those of the big grocers to encourage strong performance, broker Bernstein has concluded.The broker said executive compensation structures are broadly similar at all three quoted grocers, combining basic salary, bonus and various long-term incentives.However, at Tesco and Sainsbury’s there is a ...
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NewsNew Look’s Phil Wrigley calls for unity on retail battles
New Look chairman Phil Wrigley has urged retailers to work together to support industry bodies to maintain the health of the retail sector.
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Battle for Sears Canada is hotting up
The battle for Sears Canada is hotting up with reports in the US suggesting that major shareholder Sears Holdings has bought 400,000 shares in the company.The move renewed speculation that it may be plotting a bid for the Canadian arm of its business.In 2006, minority shareholder William Ackman blocked a ...
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Subhiksha seeks to avoid liquidation
Department store Subhiksha is poised to go to court to avoid liquidation.
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Local produce sales rocket at Asda
Asda scored a 41 per cent uplift in locally produced-food sales last month in England and Wales compared with the same period last year.
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Mamas & Papas debuts in Saudi Arabia
Mamas & Papas has opened its first three stores in Saudi Arabia with franchise partner Al Tayer Group, including one in the capital Riyadh.
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NewsTesco ramps up technical support with pre-sales advice operation
Tesco-owned technical support firm Tesco Tech Support is to provide shoppers with pre-sales advice on its home technology range.
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DIY chains prepare Easter ad campaigns
DIY retailers are gearing up for the crucial Easter trading period with a series of high-profile marketing campaigns, but trade could be hit by changeable weather.
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NewsPerfectHome accelerates expansion
Rent-to-buy specialist PerfectHome is ramping up its store expansion as cash-strapped shoppers drive sales.
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Strong range and academic focus help Blackwell defy downturn
Academic bookseller Blackwell is defying the slump in the book industry, with like-for-likes up 2 per cent in its financial year to date.