All News articles – Page 2016
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99p Stores cashes in as credit crunch bites
Single-price retailer 99p Stores is benefiting from higher footfall as bargain-hunting consumers tighten their purse strings.
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Boots’ Pessina vows to accelerate growth
Alliance Boots executive chairman Stefano Pessina has pledged to ramp up earnings by at least 10 per cent a year while he runs the business.
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Body Shop sales rocket
Body Shop – the ethical cosmetics retailer owned by L’Or al – sales increased 7.4 per cent in the first quarter. Sales were up 1.9 per cent on a like-for-like basis.
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Tommy Hilfiger launches online channel to woo shoppers
Tommy Hilfiger has launched an online music channel in an effort to drive sales, as the credit crunch hits high-end brands.
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Tesco defies critics as it delivers sales jump
Tesco has defied the vicious slowdown in the market to grab market share in non-food on its way to posting record profits and sales.
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Sainsbury’s to cut plastic bag usage by half
Sainsbury’s has launched an initiative to reduce its plastic bag usage by 50 per cent by April 2009.
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Credit crunch to hit Findel profits
Home shopping group Findel became a victim of the credit crunch after warning that bad debt would hit profits.
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WHSmith profits climb but like-for-likes drop
WHSmith delivered another strong set of profits for the six months to February 29, but like-for-like sales fell.
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Ethel Austin administrator to slash 181 jobs
The administrator of value fashion retailer Ethel Austin will close 33 of its 300 stores and slash 181 jobs at head office after it hit the buffers yesterday.
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The Perfume Shop hires chief operating officer
Fragrance retailer The Perfume Shop has promoted Jo Walker to chief operating officer.
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Harveys’ SMS Corrie link-up bolsters sales
Harveys has declared its SMS voucher trial in connection with Coronation Street a success.
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NewsSomerfield tests mobile scanning
Somerfield is piloting a mobile scanning system from Datalogic Scanning with a view to rolling it out at its convenience-led stores.
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Ann Summers to strengthen planning
Ann Summers is to transform its planning process with software from Island Pacific.
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Carrefour boss says Halley move will not affect strategy
Jos Luis Duran, chief executive of French supermarket group Carrefour, has said that the end of the Halley family’s reign as the company’s largest shareholder will not have any impact on strategy.
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LVMH sales climb
French luxury group LVMH reported group sales up 5 per cent to €4 billion ( 3.22 billion) in the first quarter.
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NewsRiver Island to revamp site as it rethinks web platform
River Island is to redesign its web site while it replaces its underlying web platform.
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Consumer caution hits high street
Consumers are spending less on shopping trips as the cost of mortgages and household bills continues to spiral upwards, according to Mintel.
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Paul Makin
Paul Makin, sales director at software supplier K3, died suddenly on April 4, aged 44.
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Natuzzi heads out of London with franchise stores plan
Luxury Italian furniture retailer Natuzzi wants to ramp up its number of UK stores by more than tenfold, by building a network of franchises in cities outside London.
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JJB makes £25m store closure provision as profits plummet
JJB Sports has made a provision of 25 million to cover the cost of closing 72 shops, but is to roll out a new store model following the success of a pilot.