All Retail Week UAT articles in October 16, 2009 – Page 3
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NewsAsda’s Andy Clarke promises to hire more disadvantaged youth
Asda is to launch a three-year campaign to hire more young people, as chief operating officer Andy Clarke said “something needs to be done to give young people a chance”.
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NewsM&S investor day leaves analysts cold
Marks & Spencer missed out on the general retail sector’s rise after its much-anticipated investor day was judged insufficiently exciting by the City.
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NewsAldi lines up new managing director for UK
Discount grocer Aldi is to transfer its managing director for buying in Australia to lead the business in the UK.
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AnalysisAngela Ahrendts: maintaining Burberry’s momentum
Burberry chief executive Angela Ahrendts has built on Rose Marie Bravo’s legacy by invigorating the luxury brand while keeping a tight handle on costs
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NewsSt David's Cardiff signs more retailers ahead of opening
St David’s shopping centre in Cardiff has signed several more retailers ahead of its opening next week, but still has around a third of its shops left to let.
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NewsM&S to review store estate for digital age
Marks & Spencer is to review its 668-store portfolio as online threatens squeeze on store sales
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NewsUSC gears up for loyalty launch after EPoS update
USC plans to launch a loyalty card following the roll-out of a replacement EPoS system to all stores.
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NewsTV ads mark HobbyCraft brand shift
Arts and crafts retailer HobbyCraft is staging its first TV ad campaign in three years following a brand “reappraisal” that has also led the retailer to launch its first customer magazine.
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Alfa-Beta Vassilopoulos to acquire Koryfi
Delhaize Group-owned supermarket chain Alfa-Beta Vassilopoulos has agreed to acquire Greek grocer Koryfi for €7m (£7m) and the assumption of €1.8m (£1.5m) debt.The Delhaize Group said the acquisition will add 11 stores and enhance its position in Thrace, northeast Greece, where its presence is limited at present.The deal, subject to ...
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News99p Stores signs ex-Wilkinson boss Gordon Brown as chairman
Value retailer 99p Stores has appointed former Wilkinson boss Gordon Brown as its new chairman.
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X5 Retail Group sales up 24%
Russia’s country’s largest grocery retailer X5 Retail Group reported net retail sales increased 24% year on year in the third quarter to RUB65.7bn (£1.3bn).Like for like sales grew 8% year on year, supported by 7% traffic growth. Customer traffic at its discounter, Pyaterochka, surged 12%, driving like-for-like sales growth of ...
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NewsConnections lift 2% at Carphone Warehouse
Carphone Warehouse’s retail division, Best Buy Europe, reported connections rose 2% to 3.2 million in the second quarter.
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Walmex Q3 profits jump 18%
Wal-mart’s Mexican subsidiary Walmex’s third-quarter net profit jumped 18% as its low price promotions helped it weather the economic slump.The retailer said it earned MXN3.86bn (£177m) in the period, compared with MXN3.26bn (£149m) a year earlier. Total revenue for the quarter rose 12% to MXN64.59bn (£2.96bn), while EBITDA grew 17% ...
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Fast Retailing profits up 14%
Fast Retailing has reported that net profit rose 14.4% to ¥49.8bn (£315m) for the financial year ended August 31. Sales rose 16.8% to ¥685.04bn (£4.3bn).The clothing store operator will seek to expand its Uniqlo stores in Asia from 76 to 132 over the next year. Fast Retailing, which aims to ...
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Maxeda h1 sales flat
Variety retail group Maxeda has posted a 0.1% rise in net sales for the first half of this year. Net sales amounted to e1.6bn (£1.4bn) while same-store sales declined 1.9%.Operating EBITDA for the Netherlands’ largest non-food retailer decreased 3.7% to e100m (£86m). In the first half of the year, Maxeda ...
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NewsGap to open in China and bring back TV adverts
Gap has announced plans to open its first store in China and to start advertising on TV again after a two-year break.
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NewsPostal strike to go ahead next week
A national postal strike will go ahead next week as the Royal Mail has rejected the Communication Workers Union offer to avoid action.
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NewsSainsbury’s shares rise amid bid rumours
Sainsbury’s shares have risen by as much as 20% amid speculation that the Qatari Investment Authority was planning a renewed offer for the grocer.
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OpinionKate Bostock’s impact at Marks & Spencer should not be overlooked
When Kate Bostock took to the stage at Marks & Spencer’s investor day cum beauty parade for a new chief executive, she seemed very nervous. However, tough challenges are nothing new to Bostock.
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NewsH&M sales hit by warm weather
H&M sales have continued to slide, down 8% on a like-for-like basis in September.