All Retail Week UAT articles in October 23, 2009 – Page 4
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AnalysisChris Woodhouse has plenty to feel bullish about
On the back of a successful float, shrewd debt handling and an expected rise in profits, the Debenhams finance director has plenty to feel bullish about, says George MacDonald.
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News
FAS plans to clear takeover of Paterson by X5 Retail Group.
Russia’s Federal Antimonopoly Service (FAS) plans to clear the takeover of Russian retailer Paterson by X5 Retail Group.FAS director Igor Artemyev said the service would approve the transaction on the condition that X5 Retail sells Paterson’s stores in St Petersburg “within some reasonable time frame, maybe six months” in order ...
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News
Casino’s consolidated net sales contracted by a reported 1.4%
Casino’s consolidated net sales contracted by a reported 1.4% in the third quarter of 2009, on the back of a 2.6% decline in the first half.Reported sales in France were down 5.3%, a performance in line with the first-half trend.Overseas, reported growth came to 6%, up from 2.4% in the ...
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OpinionWill Arcadia's Cinderellas come to the ball?
In what has been an extremely turbulent year for the fashion market, the shining lights in Arcadia’s laudable 13% profit rise were once again Topshop, Topman and Miss Selfridge.
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News
Retailers in line for £20m in-store music refund
A legal victory for retailers has raised the prospect of a £20m refund to the industry after a ruling that increased copyright fees for playing music in-store were excessive.
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NewsRetailers suffer flat September sales
Retail sales growth was flat month on month in September, the Office of National Statistics reported. The findings confounded expectations of a rise.
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NewsSports Direct trading stays in line with expectations
Sports Direct has said that trading has remained in line with group expectations and is on track to achieve underlying EBITDA of at least £150m in its current financial year.
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NewsTesco opens first self-service only shop
Grocery giant Tesco has opened the UK’s first completely self-service shop – an Express convenience store in Kingsley, Northampton.
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NewsDebenhams posts market share and profits rise
Department store group Debenhams took market share from rivals last year, when it also transformed its trading space and increased margin.
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NewsArcadia profits soar
Sir Philip Green’s Arcadia Group has reported a 13% rise in pre-tax profits, despite the recession.
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OpinionIs multichannel worth the money?
Investment in ecommerce and creating a multichannel customer experience is no longer optional according to the many retailers I’ve seen present at various ecommerce events in the past couple of weeks.
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NewsSainsbury’s takeover talk gathers pace
Renewed speculation about a possible bid by Qatar’s sovereign wealth fund for Sainsbury’s gathered pace yesterday after the fund sold 396 million shares in Barclays.
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NewsArcandor home shopping group Quelle to close
German home shopping retailer Quelle is set to close with the loss of up to 7,000 jobs.
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NewsFamilies £11 a week better off than a year ago
The average family is £11 a week better off last month compared to the same period last year, according to the Asda Income Tracker.
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NewsB&Q launches string of green initiatives
B&Q is launching a raft of new green initiatives including shop-within-shops and eco-advisors in stores.
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NewsOnline spending growth hits record low
Online spending growth hit a record low in September as etailers were hit by heavy discounting on the high street and postal strikes.
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NewsHome Retail Group reveals better than expected first half
Home Retail Group has revealed better than expected trading in the first half as it makes market share advances at both Argos and Homebase.
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NewsDebenhams sets up online stores with Amazon and eBay
Debenhams has become the first department store to open dedicated online stores on both Amazon and eBay’s UK sites.
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NewsLuxe chocolate shop Cocomaya to expand with bakery
London luxury chocolate shop Cocomaya is expanding at the end of the month to open an adjoining bakery.