All Retail Week UAT articles in November 20, 2009 – Page 4
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News
Abercrombie & Fitch reports net income drop of 39%
Young-fashion chain Abercrombie & Fitch reported net income dropped 39% to $38.8m (£23.8m) in its third quarter.Net sales declined 15% to $765.4m (£468.9m) while comparable store sales were down 22%.At a divisional level, comparable store sales fell 18% at Abercrombie & Fitch, 22% at Abercrombie Kids, 26% at Hollister and ...
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News
Celesio reports a 2.9% fall in sales
Healthcare and pharmaceutical company Celesio has reported a 2.9% fall in sales to E2.54bn (£2.26bn) at its Patient and Consumer Solutions division for the first nine months of this year.Growth in local currencies was 6.1%. The division’s EBITDA declined by 3.3% to E218.6m (£194.8m). In local currency terms, this corresponded ...
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NewsNew occupants for 75% of Woolies stores a year after demise
Three quarters of the 800 former Woolworths stores are let or under offer as the anniversary of the variety store group’s collapse approaches.
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NewsEU votes against extension of anti-dumping duties
The EU has voted against the extension of anti-dumping duties on footwear sourced from China and Vietnam.
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OpinionMarc Bolland for M&S: not the fashionable choice?
“Who?” seemed to be the reaction of many in the fashion sector when we rang them to get their reaction to the appointment of Marc Bolland as chief executive of Marks & Spencer yesterday.
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NewsRetail sales up 3% in October, ONS calculates
Retail sales rose 3% by value year-on-year in October and volume was ahead 3.4%, the Office of National Statistics reported. The month on month rise was 0.4%.
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NewsTed Baker retail sales grow 19.8%
Ted Baker reported retail sales were up 19.8% in the 13 weeks to November 14, resulting in a better than anticipated performance in the UK, offset by difficult trading conditions in its overseas markets.
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NewsProfits motor ahead at Halfords
Motor accessories and leisure group Halfords has posted a 24% rise in first-half profits and is confident of meeting full-year expectations.
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NewsMarc Bolland: Marks & Spencer was an opportunity I couldn't miss
Morrisons chief executive Marc Bolland has said that Marks & Spencer was an opportunity he couldn’t miss, but he remains dedicated to Morrisons until his last day.
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NewsSir Stuart Rose: Marc Bolland picked to accelerate M&S growth
Marc Bolland, the newly-announced chief executive of Marks & Spencer, was selected for his ability to accelerate growth at the retailer, according to executive chairman Sir Stuart Rose.
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NewsAdili finance director leaves
The finance director of ethical etailer Adili has left the business as part of a restructure.
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OpinionSocial commerce in practice
Retail Week yesterday hosted a webinar on social commerce that highlighted both how much retailers have to gain from engaging with their customers, but also the many questions they have concerning how they should go about it.
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NewsMarc Bolland named chief executive of Marks & Spencer
Morrisons boss Marc Bolland will succeed Sir Stuart Rose as chief executive of M&S, beginning in the new year.
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News99p Stores rolls out EPoS in two months
99p Stores has rolled out an EPoS system to 116 stores in just two months.
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NewsTJX Europe sales rise in third quarter
Sales for the parent of TK Maxx, TJX Europe, rose 1% on a like-for-like basis to $603m (£358.8m) in the third quarter of the year.
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NewsMydeco promotes virtual products through PlayStation gaming platform
Homewares shopping aggregation site Mydeco has opened a virtual store in Sony’s social gaming platform PlayStation Home.
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NewsNet-a-porter does not intend to float
Luxury fashion etailer Net-a-porter.com said it is trading strongly and does not intent to float on the stock exchange.
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NewsScottish retail sales growth lags rest of UK
Retail sales in Scotland grew by 1.5% like for like in October, with non-food sales little better than flat.
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NewsBanking boss hits out at supermarket banks
The new boss of global retail banking at Barclays has hit out at supermarkets and other companies setting up their own banking offers.
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NewsMothercare reshapes portfolio as profits rise
Maternity specialist Mothercare has disclosed strong interim results and unveiled plans to take advantage of property market conditions to reshape key parts of its estate.