All News articles – Page 2320
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Vendex takes action to cap V&D's losses
Dutch retail giant Vendex has parachuted new management into department store chain Vroom & Dreesmann to cap spiralling operating losses that are expected to hit EUR 30 million to EUR 50 million ( 20.7 million to 34.5 million) this year.
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Hunter boosts Qube chain with £40m cash pot
Trendy footwear retailer Qube has stacked up more than 40 million capital to support immediate growth of standalone stores, either organically or by acquisition.
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China to get Seven-Eleven Japan
C-store giant Seven-Eleven Japan plans to expand aggressively into China after forging a joint venture in Beijing.
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Cortefiel set to expand in China
Spanish retailer Cortefiel has set its sights on expansion in China, with a franchise deal to open 200 Springfield stores over the next five years.
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Dr China opens Yeovil store as battle hots up
Chinese medicine's long march is continuing across the UK. Dr China has added to its 30-plus-strong chain by taking a 15-year FRI lease on a unit in Middle Street, Yeovil at 41,500 a year, which equates to a Zone A of 78 per sq ft ( 840 per ...
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China for Carrefour
Carrefour, the French global retailer, intends to open its first supermarkets in China by early next year. The store group will also double hypermarket numbers in China from 36 to 70.
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Ikea moves on China
Swedish furniture powerhouse Ikea wants to open 10 shops in China over the next seven years. At present, China, where Ikea has two shops, accounts for 1 per cent of the retailer's sales, but growth is expected to be faster than in other countries.
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Watsons to double in China
Hutchison Whampoa-owned Watsons will double store numbers on the Chinese mainland by next year. The health and beauty retailer, one of the world's biggest, has 80 stores there at present.
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Aeon to open in China
Japanese retailer Aeon Stores has become the first foreign retailer permitted to open a wholly-owned general merchandise chain on the Chinese mainland, under the closer economic partnership arrangement (Cepa). Aeon will open its first store there this year, and plans 100.
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Kmart may quit its Michigan HQ
US discounter Kmart is considering abandoning its native Michigan for Georgia in the latest cost saving initiative at the restructured retailer.
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Sainsbury's postpones supplier payment changes
Grocer in negotiation with suppliers about how long they must wait to get paid
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Allders parent Scarlett's £21 million debt to Minerva written off
Property company washes hands of failed department store retailer
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Retail staff cuts worst for 12 years says CBI
Volume sales are also down, but retailers still optimistic for March
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CBI survey shows retailers hurt by congestion charge
Organisation calls for review on parking and delivery rules in London
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Greggs appoints former Woolwich IT supremo as non-exec
New director will also sit on remuneration and audit committees