All News articles – Page 2098
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Target on course to go nationwide in the US
Target is to open a raft of shops that will secure its presence across all 50 US states.
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JJB and Sports Direct to give Nike/Umbro deal thumbs up
Sports Direct and JJB Sports are expected to sanction Nike’s 285 million takeover of global football brand Umbro.
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Timberland trials new store format
Timberland is testing a new smaller store format, called Footwear Plus, on the King’s Road in London.
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Waitrose to slash prices by £20m in price feud
Waitrose managing director Mark Price has vowed to add a further 20 million of price cuts this year, matching roll-backs in the first half.
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Morrisons executive director to make exit
Morrisons executive director Roger Owen will retire from the supermarket group in October next year. His retirement will coincide with his 60th birthday.
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Groundbreaking green store to debut in London
An eco-department store is understood to have received 2 million backing to open in London’s East-end next year.
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Tesco electricals boss becomes latest to leave
Tesco’s electricals chief is the latest senior executive to head for the exit, following a string of departures this month.
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Reliance to spin off Fresh chain as it chases alliances
Indian giant Reliance Retail is understood to intend to hive off its grocery fascia Reliance Fresh as it focuses on joint ventures to drive growth.
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Comptoir des Cotonniers accelerates UK growth
French womenswear retailer Comptoir des Cotonniers is ramping up its expansion in the UK and plans to open 30 outlets by 2010.
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House of Fraser slashes debt
House of Fraser dramatically cut its net debt in the few months following its acquisition by a Baugur-led consortium in November last year.
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Retailers are braced for bumper Halloween as adults drive sales
Stores are expected to enjoy a record Halloween this year, partly driven by adults splashing out on themselves.
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Morrisons posts jump in profits
Morrisons posts a sharp jump in profits, but analyst warn on sales growth
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Arcadia posts increase in profits and sales
Sir Philip Green’s Arcadia fashion group has posted a small increase in like-for-like sales and operating profits for the year to September 1.
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Blacks calls off sale of Freespirit
Blacks Leisure has announced that it will not sell its Freespirit boardswear business, the subject of a controversial row with tycoon Mike Ashley earlier this year.
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Exclusive: Independent non-exec to quit Ashley's Sports Direct
Speculation is mounting that Sports Direct’s independent non-executive director Chris Bulmer will resign today.
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Wal-Mart to roll out SAP finance software
Wal-Mart is to implement SAP software for the first time, after choosing the ERP Financials package to enhance its financial information systems.
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New Figleaves web tool to let users share info
Figleaves is to add a consumer product research tool to its web site to complement its existing ratings and review service.
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Direct Wines tests multichannel data capture
Direct Wines is testing a service that allows it to create a single view of its customers across channels.
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Amazon profits soar in third quarter
Online retail giant Amazon revealed a four-fold leap in profits to US$80 million ( 39.1 million) in the three-months to September 30, boosted by strong sales of the final Harry Potter book, which became the fastest selling book of all time.
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Asda slashes prices by £150m for Christmas
Asda has unveiled its biggest Christmas price cuts of 150 million as it steps up its price war with rival Tesco.