All Retail Week articles in 12 December 2008 – Page 2
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News
US’s Safeway to slash costs and prices next year
US grocer Safeway will slash prices next year and also run an aggressive cost-cutting programme to help it almost double its free cash flow.
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News
Bid deadline set for 48% stake in grocer Mercator
Two shareholders in Mercator, one of southeast Europe’s biggest food retailers, have set a deadline for bids as they prepare to sell their 48.3 per cent stake.
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Opinion
David Ross row won’t hurt Carphone Warehouse
Carphone Warehouse shares hit a five and a half year low on Monday as controversy raged over co-founder David Ross’s treatment of shares.
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News
Primark maintains it will not be beaten by the downturn
Primark parent Associated British Foods (ABF) has reaffirmed its belief that the value fashion chain will ride out the downturn.
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News
Morrisons sales shine as it woos customers
Morrisons delivered an industry-beating like-for-like sales performance in its third quarter as it won new customers.
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News
Land of Leather: the City view
The sofas specialist disclosed on Tuesday that talks about a potential sale are over.
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News
Sector manages to raise its profile following series of uplifting events
Last week’s interest rate cut, better weekly numbers from John Lewis, a weather boost and cautious broker optimism about general retailers all helped lift the sector.
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News
New Look confident it can grow overseas
New Look international managing director Michael Lemner has told Retail Week that value fashion retailers continue to be well placed to expand overseas despite the global downturn.
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News
Asda veteran to bolster Pets at Home board
Former Asda director Sally Hopson has joined Pets at Home in the new role of customer and people director.
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News
QS improves sales by trialling service strategy
Value fashion retailer QS has implemented a customer service strategy that has helped lift like-for-likes at its top 20 stores by 10 per cent since the beginning of November.
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News
Habitat looks East in international assault
Habitat has pushed the button on international expansion plans and will launch stores in the Middle East and Russia next year.
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News
Dearth of applications for new store projects as retailers reduce spend
Planning applications for new stores or refurbishments were 63 per cent lower on average in November in the major UK city centres than a year before as retailers rein in costs in the tough economic climate.
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News
Envy administration on cards, Kinnaird warns
Envy boss John Kinnaird has said he may be forced to put the fashion chain into pre-pack administration if landlords are not willing to help the struggling retailer by renegotiating rents.
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News
Loan repayment deal props up troubled JJB
JJB Sports has been handed a lifeline as banks have allowed its repayment of a 20 million bridging loan from Kaupthing to be deferred.
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News
Argos pulls back its international plans
Argos has put the brakes on further international expansion and has reviewed its strategy in its one overseas market, India, after the retailer failed to clock up the level of sales it hoped for.
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News
New Ideal chief Mike Hancox kicks off review as downturn bites
Ideal Shopping Direct’s new chief executive Mike Hancox has initiated a review of the business that could lead to the disposals of some of its shopping channels.
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News
Online’s Mega Monday sales spike still to come
The key Christmas sales day for online retailers, Mega Monday, is expected to happen a week later this year.
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News
Sales finally pick up as festive rush starts
The high street has reported a much-needed uplift in sales since the beginning of December as Christmas shoppers finally loosen their purse strings.
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Opinion
Discount today, pay tomorrow
It feels like January on the high street – and not just because it’s been much colder than the typical December.
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News
Somerfield sales revive as Co-op takeover nears
Somerfield has posted a strong full-year performance as it moves into the final stage of its 1.57 billion sale to Co-operative Group.