All News articles – Page 2056
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Megamart to shake up value retailing in India
Indian brand-operator and manufacturer Arvind Mills has opened a discount fashion store in Chennai, which it wants to write a new chapter in Indian value retailing.
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Jane Shepherdson buys Whistles
Jane Shepherdson has concluded a deal with Baugur to acquire Whistles from Mosaic, as first reported in Retail Week (November 30).
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Spending on clothing plummets
The average weekly household spend on clothing and footwear has halved in the past five decades, according to the Office for National Statistics’ annual report on Family Spending.
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Asda eyes £2m energy savings
Asda plans to save 2 million a year by buying all its energy for stores and depots directly from UK power generators.
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Tesco to take Express format to China
Tesco is planning to open its first Tesco Express store in China next month, in Shanghai, taking a slice of the convenience market in one of the world’s fastest-growing economies.
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Shoe Zone poised to swoop on Stead & Simpson
Footwear chain Shoe Zone is understood to have bought Stead & Simpson in a deal that is likely to be finalised today.
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Beales hit by tough trading
Department store chain Beales has reported an operating loss of 1.1 million in the 53 weeks to November 3, 2007.
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Hardy Amies revenues grow
Luxury fashion brand Hardy Amies has reported revenues for the year to December 31, 2007 of 1.65 million.
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Marks & Spencer in data breach over stolen laptop
Marks & Spencer has been found in breach of data protection rules after a laptop containing the information of 26,000 employees was stolen from a contractor’s home.
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DSGi to cut costs with standard IT platform
DSGi has kicked off a massive IT transformation programme, in an effort to deliver multimillion-pound cost savings and operating efficiencies.
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UK organic food market held back by supply shortage
The growth of the organic food market is being held back by supply problems, as British producers struggle to satisfy soaring demand for home grown products, according to Mintel.
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John Lewis growth continues
Steady growth has continued at John Lewis with sales up 8.3 per cent to 46.2 million in the week to January 19.
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Ian Cheshire made Kingfisher chief executive
Kingfisher has appointed Ian Cheshire as group chief executive with effect from January 28.
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NewsFootwear specialists suffer
Cost inflation has compounded the problems facing the UK’s footwear specialists, according to a report from Verdict Research.
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Saks unveils new look for Off 5th ahead of sale
Saks will test a new format for its Off 5th outlet chain as speculation mounts that a takeover bid by Baugur is imminent.
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Metro offloads Extra chain in deal to plug debt by €350m
German giant Metro Group has sold its Extra supermarket chain to rival Rewe in the first sign of the group’s restructuring agenda under new management.
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Dunhill plans flagship for London
Luxury menswear retailer Dunhill is to open a flagship new-format store and fascia in central London this summer, following a launch in Tokyo last month.
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NewsQS to dispose of 34 stores as it rethinks estate
Value fashion retailer QS has put 34 of its stores on the market.
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Kookaï festive sales grow as FD exits
Womenswear chain Kooka reported positive Christmas trading as its finance director left to join Mosaic today.
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NewsJim McCarthy: downturn won’t hit value sector
Poundland chief executive Jim McCarthy has claimed the value retailer is well-placed to weather any storm if the economy deteriorates sharply after posting strong Christmas sales.