All Retail Week articles in September 9 2011
Browse all news stories and articles from this date or time period.
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NewsHarsh trading conditions prompt redundancies at Arcadia
Fashion giant Arcadia expects to make redundancies at its head office to improve efficiency and make best use of resources in tough trading conditions, but the retailer will continue to invest in growth.
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NewsSuperGroup sales continue to soar
SuperGroup sales soared 66% to £54m in its first quarter in the three months to July 31.
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NewsLike-for-likes slide 7% at Dixons
Electricals group Dixons, owner of Currys and PC World, has posted a 7% fall in group like-for-like sales but will meet full-year profit expectations
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NewsThorntons pre-tax profit dips after impairment charges
Thorntons has reported a dip in pre-tax profit but the chocolatier remains confident its turnaround plan will create a revitalised business.
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NewsShop price inflation slows in August
Shop price inflation slowed in August to 2.7% compared to 2.8% in July.
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NewsSports Direct profits dip
Sports Direct gross profits suffered a dip after sales remained flat.
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NewsDoubts emerge over Comet sale
The sale of electricals retailer Comet looks increasingly unlikely to go ahead as it understood the two remaining potential bidders are seeking a dowry in the region of £150m-£200m.
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AnalysisVIDEO: M&S unveils new autumn TV ads
Marks & Spencer has unveiled its new womenswear autumn TV ads which will be screened on ITV1 from tonight (September 7).
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News99p Stores secures £20m banking facility to double size of business
99p Stores is gunning to double the size of its business and has secured a £20m extended banking facility with Barclays Corporate as its first two Irish stores open today.
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NewsBooths refinances for store expansion
North-west grocer Booths has refinanced its £56m debt facility and extended its credit by a further £37m to support expansion.
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News
Canadian Blockbuster closes its remaining stores
Blockbuster in Canada, which went into receivership in May, is to shut down all its remaining stores after failing to find a suitable purchaser. This follows the disposal of 140 stores earlier in the year. Blockbuster is now winding down the video store’s operations and closing the remaining 253 stores.
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Intermarché launches new marketing campaign
Independent grocery chain Intermarché has launched a marketing campaign that offers to refund the price difference on 250 brands if customers find them cheaper at rival stores. The campaign began at the end of August in time for the back-to-school and back-to-work period in France, and will run for a ...
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Auchan posts consolidated revenue increase
Auchan has posted a 5.8% increase in consolidated revenue, excluding fuel, to E21.2bn (£18.6bn) for the first half of 2011. Like-for-like sales were up 1.3%. Revenue trends varied, however, by country. In France Auchan delivered a revenue increase of 3.3%. Sales from the retailer’s other Western European markets fell 0.8%. ...
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NewsJessops confident as it posts full-year figures
Cameras specialist Jessops posted a gross profit of £87.7m last year and is confident of renewal of banking facilities in November.
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NewsB&Q hires from within as it makes two board appointments
B&Q has made two board appointments as director of store operations Damian McGloughlin is promoted to operations director and trade director Ian Herrett moves into the newly-created role of business development manager.
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NewsShop vacancy rates stabilise at 14.5% in 2011
Shop vacancy rates stabilised in 2011 but the gap between the best and worst performing towns widened.
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Joint venture between Woolworths and Lowe’s opens
Woolworths and US DIY retailer Lowe’s have opened their first store in Melbourne, Australia. The joint venture is a 145,315 sq ft hardware warehouse, and is the result of three years of planning. The store represents Lowe’s first foray outside North America and is the first joint venture of this ...
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Reliance Footprint plans store expansion
Reliance Footprint is planning to double its number of footwear stores in the next six months. The company’s chief executive Gopalakrishnan Sankar said: “We are present in 37 cities across 15 states and want to expand our business to Tier II cities in the coming years. The company has taken ...
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Pick n Pay to invest in Sub-Saharan operations
Grocery retailer Pick n Pay has confirmed it will use the Aus$215m (£141m) generated from the sale of Franklins in Australia to invest in its Sub-Saharan operations. The retailer will focus on growth, customer loyalty and improved distribution. The confirmation comes two months after Walmart’s entry into South Africa, which ...
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NewsMorrisons hires Apple director to lead online food launch
Morrisons has hired a digital heavy-hitter from Apple to lead its online food launch as it takes its next steps into etailing.