All Retail Week articles in April 11 2014 – Page 9
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NewsBreakfast briefing: Retail news on Aldi and Lidl, Sports Direct and slow retail sales in March
Retail news round-up on April 15, 2014: Aldi and Lidl increase share in Ireland, Sports Direct to sell on credit and retail sales fall in March.
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NewsMarch retail like-for-likes fall 1.7% due to tough Easter comparatives
March retail sales fell 1.7% on a like-for-like basis due to the timing of Easter, which falls later this year.
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NewsAsos' customer photo upload feature could prove eye-opening
Asos revealed it launched As Seen On Me last week, which allows customers to upload photos of themselves wearing its products.
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NewsSir Stuart Rose chaired etailer Soak & Sleep to tap into Australian market
Soak & Sleep, the bed and bath etailer chaired by Sir Stuart Rose, is to expand overseas for the first time and introduce new product categories as part of its growth plans.
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NewsSports Direct is to begin selling on credit via its website
Sports Direct is to begin selling on credit via its website later this year, as the retailer emulates model successfully used by Next.
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NewsJD Sports full-year profits soar 27.3% driven by growth in core fascias
JD Sports full-year profit before tax and exceptional items surged 27.3% to £77m powered by growth at the retailer’s core JD fascia.
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NewsDebenhams revises promotional strategy as profits tumble
Debenhams is revising its promotional strategy as first-half profits plunged owing to excessive discounting and weakness in its multichannel offer.
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NewsHouse of Fraser full year EBITDA rises as online and own brand thrive
Department store House of Fraser’s full year adjusted EBITDA rose 8.3% to £60.2m driven by own brand and online.
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NewsPoundstretcher full-year like-for-likes grow 3%
Poundstretcher full year like-for-like sales jumped 3% last year driven by its store refresh programme and extended food and toiletry ranges.
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OpinionComment: Action not words is needed to save the Co-operative
The civil war at the Co-op is a tragedy, many believe. Perhaps a better word would be disgrace.
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NewsHomebase to use TV-watching data to time and target its ads
Homebase has signed a three-year contract with data firm Sky IQ to help the retailer better understand the impact of its TV advertising.
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NewsInflation drops below 2% target for third consecutive month
Inflation fell to 1.6% in March, down from 1.7% in February and the third consecutive month it has been below the Bank of England’s 2% target.
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NewsAlbemarle & Bond rescued out of administration
Pawnbroker Albemarle & Bond has been bought out of administration by an international investor group led by private equity firm Promethean Investments.
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NewsThe Body Shop blames first quarter sales fall on trading in UK and Asia
The Body Shop has recorded a sales fall in its first quarter which has been blamed on “difficult” trading in the UK and Asia.
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AnalysisDebenhams half-year figures: What the analysts say
A flurry of promotions hit Debenhams’ half year results, with the department store group reporting a 24.5% fall in pre tax profit. Retail Week rounds up what the analysts are saying.
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NewsJD Sports eyes overseas growth as it plans further acquisitions
JD Sports is eyeing further overseas expansion as chief executive Barry Bown said it would continue its acquisition spree.
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NewsTop Marks & Spencer online manager leaves to join Target
A senior member of Marks & Spencer’s dotcom team has left to join Australian retailer target.
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Analysis
Analysis: BRC-KPMG March Retail Sales Monitor, sector by sector
UK retail sales fell 1.7% on a like-for-like basis in March, as the later timing of Easter distorted figures, according to BRC-KPMG.
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NewsTesco's price message fails to resonate with shoppers
Tesco’s low-price message has so far failed to resonate with shoppers, 45% of whom believe the grocer’s prices have in fact risen over the past year.
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AnalysisLive blog: Tesco's full-year results
Follow all the reaction to Tesco’s full-year results with deputy editor Jennifer Creevy.