All Retail Week UAT articles in October 5 2012 – Page 3
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NewsBoux Avenue triggers Scottish expansion with first out-of-town store
Lingerie retailer Boux Avenue is to open its first out-of-town store in Scotland’s Silverburn shopping centre.
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NewsDebenhams appoints Google retail head to its board
Google head of retail Peter Fitzgerald has been appointed to the board of Debenhams as a non-executive director to help grow the department store group’s online business.
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NewsTed Baker posts first-half profits rise
Ted Baker has delivered a 10.4% profit before tax increase to £9.4m for the 28 weeks to August 11 as it opened stores in London, New York and Tokyo.
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NewsHalfords like-for-likes up 5.6% in second quarter
Car part and bike specialist Halfords has posted like-for-likes up 5.6% in its second quarter, reversing the decline it reported in the first quarter.
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AnalysisOverseas investors: What do retailers need to know?
Sainsbury’s is believed to be the latest retailer attracting overseas investment attention in what has been a busy year for international deals.
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OpinionComment: Competition in sports retail
Mike Ashley’s Sports Direct was the market leader in its category last week and remains so this week following the drawn-out demise of JJB Sports.
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News
Woolworths sells its Dick Smith electronics chain
Woolworths has sold its Dick Smith electronics chain in Australia and its Indian wholesale venture for a combined AU$55m (£35.4m).Private equity firm Anchorage Capital Partners was the winning bidder, paying an initial AU$20m (£12.9m).Additionally, Woolworths will sell Woolworths Wholesale to Infiniti Retail – part of India’s Tata Group – for ...
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News‘New chapter’ for Tesco pledges bullish Philip Clarke
Tesco group chief executive Philip Clarke aims to rewrite Sir Terry Leahy’s retail book as he opens a “new chapter” in the grocer’s story.
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NewsUniqlo finds unusual way to save on its electricity bill
The Japanese fashion retailer has hired techy types BD Network to run a campaign that turns shopper footfall into energy to power its window displays at two London stores.
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News
Matahari to divest non-core assets
Matahari has won approval from shareholders for plans to divest non-core assets worth IDR3.2tn (£207m) to create a more efficient capital structure.The retailer will offload non-core assets, such as Timezone, Times Bookstores, its restaurant and property businesses, by selling its wholly owned subsidiaries PT Matahari Pacific and PT Nadya Putra ...
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OpinionComment: Does Hong Kong still appeal to retailers?
For European retail, consumer and luxury goods companies looking to launch IPOs, the Hong Kong Stock Exchange (HKEx) once had tremendous appeal.
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News
Andrew Reitzer to retire from Metcash
Metcash has revealed that Andrew Reitzer will retire as chief executive next year on June 30. His retirement does not come as a surprise, as he had announced in 2010 that he would step down within three years.Reitzer will stay on as a consultant for Metcash for another three years ...
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AnalysisAnalysis: What keeps retail leaders awake at night?
Retail leaders have faced sustained pressure from the downturn. So how have their priorities changed, and what makes a good leader in times of challenge and transformation?
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NewsTesco adds its support to Fair Rates for Retail campaign
The UK’s largest retailer, Tesco, has backed the Retail Week and British Retail Consortium campaign for a rates freeze next year. The Government has reacted coolly however.
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AnalysisAnalysis: Exploring the challenges of retail acquisitions
Over the past year a number of acquisitions have been made by retailers. Liz Morrell explores the challenges of the deals and subsequent integration.
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InterviewQ&A: Tesco chief executive Philip Clarke
Tesco reported an 11.6% plunge in first half profits as today as it invests £1bn in improving its UK stores. Chief executive Philip Clarke and chief financial officer Laurie McIlwee met journalists in London to discuss the grocer’s performance.
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NewsMatt Davies to become Halfords chief executive
Former Pets at Home boss Matt Davies is to become chief executive of Halfords, Retail Week can reveal.
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OpinionComment: Clarke may face a tough road ahead
The fact that Tesco has announced a drop in profits this morning hasn’t come as a surprise to many – and yet that doesn’t make the news any more comforting to investors.
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NewsMothercare hires two directors as it strengthens management
Mothercare is to strengthen its senior management team with the appointment of two new directors.
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NewsFailed first time deliveries expected to cost etailers £851m this year
Failed first time deliveries are expected to cost etailers £851m in 2012.