All News articles – Page 1949
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Best Buy snaps up Napster for US$121m
US electricals giant Best Buy is to acquire online music business Napster for US$121 million ( 67.3 million).
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Zavvi reduces loss as like-for-likes climb
Entertainment group Zavvi revealed like-for-likes sales rose 10 per cent in its first year since being bought out from Virgin. Despite posting a loss, it said it has managed to improve EBITDA “significantly”.
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London retail outperforms UK again
Retail sales in London continued to outperform the rest of the UK in August, up 8.2 per cent on last year, according to the BRC-KPMG's London Retail Sales Monitor.
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Ideal warns on profits
Ideal Shopping Direct has issued a profit warning this morning, as the TV shopping group revealed its first-half results.
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Sainsbury’s kicks off hunt for Christmas temps
Sainsbury’s is to draft in 12,000 temporary staff to work in its stores over the Christmas period.
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Retailers and landlords battle out monthly rents debate
Discussions took place between landlords and retailers this week to try to move closer to a ceasefire over the issue of monthly rentals.
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Tesco launches meat-free range
Tesco will this weekend launch a meat-free food range, targeting “bi-tarians” – meat eaters who regularly opt for vegetarian meals.
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French Connection's losses widen
French Connection’s pre-tax loss has increased in its half-year results, despite what it described as the “encouraging” performance of its retail business in the difficult economic climate.
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John Lewis posts robust weekly sales
John Lewis delivered a strong set of sales results last week, up 9.2 per cent year on year.
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Sir Terence Conran: Habitat should become high street Ikea
Habitat should become more like its parent company Ikea in order to restore its fortunes, Habitat founder Sir Terence Conran said this week.
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Shoprite embarks on African growth drive
South African supermarket group Shoprite has unveiled ambitious plans to invest R400 million ( 28.8 million) to expand across Africa. The retailer intends to enter new markets, including the Democratic Republic of Congo, before the end of next year and wants to open 50 stores in Nigeria, where it has ...
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Discount retail's meteoric rise expected to continue
The growth of discount retail is set to continue unabated, with global sales in the discount grocery sector on course to rise 65 per cent by 2012.
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Nevisport unveils new look as it aims to double stores
Outdoor specialist Nevisport opened a new-look store at Kendal in Cumbria yesterday as it plans to double the size of its store portfolio.
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Isabella Oliver to target France in brand push
Maternity fashion e-tailer Isabella Oliver is to ramp up its international presence and launch its first non-maternity range.
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John Lewis on mission to drive fashion status
John Lewis will unveil a radical new look for its fashion offer as it puts millions behind building its fashion credentials.
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Primark seeks £50m in damages for distribution centre fire
Primark is pursuing compensation in the region of 50 million three years after a mysterious fire razed its Leicestershire distribution centre to the ground, destroying half its stock in 15 minutes.
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Next chief executive: Inflation will knock fashion next year
Next chief executive Simon Wolfson has warned that cost-price inflation is likely to hit fashion retailers by early next year.
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Marks & Spencer Italian food launch is its biggest ever
Marks & Spencer has unveiled its new Italian food offer in stores – the retailer’s biggest ever food range launch.
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Cortefiel mulls more UK brands
Cortefiel will consider launching its women’s lingerie brand Women’s Secret and upmarket menswear line Milano in the UK if its Springfield and Cortefiel brands’ debut proves successful.
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TK Maxx poaches Julian Baker from Ann Summers
Ann Summers marketing and business development director Julian Baker is leaving the company to join TK Maxx.