All Retail Week UAT articles in November 27, 2009 – Page 4
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News
Gap profits rocketed 25% in its third quarter
Gap profits rocketed 25% in its third quarter, helped by growing sales at its Old Navy fascia.Total sales rose 1% to $3.59bn (£2.17bn) for the quarter to October 31. Like-for-like sales at Old Navy were up 10% against an 18% fall the year before.The fashion retailer is focused on gaining ...
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News
Ahold posts a 22% uplift in third-quarter net profits
Ahold posted a 22% uplift in third-quarter net profits, but warned competition will intensify in the run-up to Christmas.The Dutch grocery group said earnings from one of its US chains, Giant-Carlisle, had been hit by intense competition from Walmart. Group net profit in the three months to September 30 was ...
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News
Carrefour plans to double store in Malaysia by 2012
French Grocer Carrefour plans to double store numbers in Malaysia to 40 by 2012. Chief executive Guillaume de Colonges said the expansion was in line with its strategy of positioning itself to be the top foreign hypermarket operator in the country.He added that the retailer was committed to growth in ...
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News
GameStop reports third-quarter total company sales up 8.2%
GameStop has reported third-quarter total company sales up 8.2% to $1.83bn (£1.12bn).New software sales rose 9.4%, while used product sales increased 19.4%, on top of the 19.3% increase in the third quarter of 2008. Like-for-like sales decreased 7.8%, attributable primarily to a decline in new video game hardware sales.
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NewsRetail sales volumes up for second month running, according to CBI
Retail sales volumes rose for the second month running in November, and further growth is expected in December, according to the CBI.
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NewsJohn Lewis weekly sales up 20% so far
Sales at John Lewis department stores are up over 20% for the period of Sunday to Wednesday this week compared with the same time last year, boosted by strong performance in Christmas gifts lines.
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NewsHamleys and H&M open at Glasgow’s St Enoch centre
Hamleys and H&M were among the first stores to open their doors in the new £100m extension to Ivanhoe Cambridge’s St. Enoch shopping centre in Glasgow this morning.
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OpinionCan the ‘knight rider’ shine light on Sports Direct?
After a very long hunt for a chairman Sports Direct has finally found its man. However, many in the sports and fashion world will not have come across Keith Hellawell.
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NewsHobbyCraft heading for ‘best ever’ year
Arts and crafts retailer HobbyCraft said it was heading for its “best ever year” as the trend for low-cost family activities continues to grow.
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NewsDSGi sees signs of improvement as results beat forecasts
Electricals market leader DSGi, owner of the Currys and PC World chains, reported that sales trends have improved and posted a lower than expected interim loss.
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NewsAlexon like-for-likes slump 14%
Fashion group Alexon has reported a 14% slump in like-for-like sales for the 16 weeks to November 21 after its planned lower level of summer Sale activity affected footfall and sales.
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NewsClinton Cards like-for-likes up 3.9%
Clinton Cards has reported like-for-like sales for the 16 weeks to November 22 have climbed 3.9%, helped by consistent performance across all product categories and Halloween boosting sales.
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NewsBorders UK collapses into administration
MCR has been appointed as administrator to Borders UK.
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NewsNew Look fined £400,000 over Oxford Street fire
Fast-fashion chain New Look has been slapped with a hefty fine following a blaze gutted the retailer’s Oxford Street store two years ago.
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NewsUp to 130 jobs under threat at Redcats
Redcats UK, which runs La Redoute and Daxon, has begun a consultation process which could lead to the loss of 130 jobs across its operations in Bradford and Wakefield.
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OpinionCustomers won’t put up with analysis paralysis
Customer-centricity is the buzzword for retailers who like to think that they listen to their customers. But listening is no longer enough, super-fast analysis and response is also necessary for retailers to truly meet demand.
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News
Cash Converters profits up after strong trading
Australian-owned pawnbroker and financial services group Cash Converters has upgraded its profit targets after a strong start to its financial year.
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NewsTesco and Mike Ashley’s bike shop locked in payment dispute
Tesco has launched a legal challenge against a subsidiary of Mike Ashley’s Sport’s Direct, after the supermarket giant overpaid for some bicycles.
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NewsPostal strikes hit etailers’ growth
The postal strikes in October led to a £53m fall in growth for online retailers in the last week of the month.
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NewsFrench Connection sales helped by currency gains
French Connection has benefitted from more favourable exchange rates in the three months to October 30 with overall group turnover up 8%.