All Retail Week articles in December 17 2010 – Page 2
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NewsSuperGroup first half pre-tax profit soars 86%
SuperGroup, the young fashion business that owns brand Superdry and retail chain Cult, said that pre-tax profit surged 86% to £14.6m in the first half of the year as the company revealed it was optimistic about Christmas trading.
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NewsTesco among last bidders for Poland's Zabka chain
Tesco and Carrefour are among the final four bidders for Poland’s Zabka retail chain, it is understood.
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NewsH&M sales soar after Lanvin success
H&M, the Swedish fast fashion chain, said worldwide like-for-like sales jumped 8% in November, the month in which it launched its sell-out Lanvin collection.
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NewsProfits jump at Zara-owner Inditex as its expansion pays off
Zara-owner Inditex net profit increased 42% to €1.2bn (£994m) in the nine months to October 31 across the fashion group, which also owns Massimo Dutti and Bershka.
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NewsClas Ohlson scales back UK expansion plans in tough market
Swedish DIY and homewares chain Clas Ohlson has scaled back its UK expansion plans due to difficult market conditions.
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NewsOffice sale expected to be completed today
Private equity firm Silverfleet is expected to complete a deal to buy footwear chain Office by the end of today. The price paid is expected to be below the original £150m tag.
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NewsDecember high street sales up as shoppers buy beforeVAT rise according to the CBI
High street sales continue to flourish in December as shoppers buy ahead of next month’s VAT increase according to the CBI Distributive Trades Survey.
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NewsOffice bought by Silverfleet
Private equity firm Silverfleet has bought footwear chain Office for an undisclosed sum from owner West Coast Capital (WCC). Chief executive Brian McCluskey has reinvested in the business and will remain in his role.
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NewsSports Direct profits surge
Sports market leader Sports Direct notched up a 40% rise in underlying pre-tax profits following a lucrative World Cup.
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NewsTesco poised to start search for new chairman
Tesco is preparing to start the search for a new chairman to replace David Reid.
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NewsFranchise model insulates United Carpets from harsh trading conditions
United Carpets has posted a fall in first-half profits but labelled performance “solid” in the tough trading environment.
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NewsLaura Ashley sales rise despite snow
Furniture and fashion retailer Laura Ashley like-for-likes grew 2.7% in the 19 weeks to December 11.
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NewsTesco's One Stop acquires 77 stores from Mills
Tesco’s convenience fascia One Stop has acquired 77 stores from Mills Group as part of its long term expansion plans.
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NewsO2 ramps up specialist advisors as part of restructure
Mobile phones retailer O2 is ramping up the number of technology customer service advisors in stores as part of a restructure that will see the merging of its consumer sales and customer service teams.
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NewsSales rise in November
Retail sales rose 3.6% by value and 1.8% by volume in November compared to the same month last year.
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NewsGap to investigate Bangladesh factory fire
Gap has said it was “terribly saddened” by the deaths of workers at a Bangladeshi factory razed to the ground by a fire this week, and that it would investigate the cause of the blaze.
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NewsBooker boss Charles Wilson replaces Justin King as IGD president
Booker Group’s chief executive Charles Wilson has been appointed president of international food and grocery analysts IGD, replacing Sainsbury’s boss Justin King.
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NewsMid-week sales up 12% at John Lewis
John Lewis has reported that sales rose 12% between Sunday to Wednesday this week, when there was a strong performance from stores and online.
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NewsWorld Duty Free boss Mark Riches to stand down
World Duty Free, the airport retailer, has revealed its chief executive Mark Riches is to stand down at the end of the year.
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NewsSports Direct's Everlast brand to be sold in US through Sears and KMart
Sports Direct-owned boxing brand Everlast will be sold exclusively in US retail group Sears’ stores in a direct-to-retail licensing deal.