All Retail Week articles in December 7 2012 – Page 3
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OpinionComment: Not Tesco's finest hour, but possibly not its worst
So, Tesco’s Fresh & Easy misadventure in the US is drawing to a close.
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News
Ahold extends cost-savings programme
Grocery retailer Ahold has extended its cost-savings programme from E350m (£283.9m) to E600m (£486.8m).Ahold said it will include sourcing and promotional costs to invest in creating a better offer and value for customers.Next year, the grocer plans to convert many of its 82 Dutch C1000/Jumbo Supermarkten stores to Albert Heijn. ...
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News
Aldi Nord experiences significant profit decrease
Discounter Aldi Nord experienced a significant drop in profit in 2011, according to annual accounts from 18 of its 35 regional divisions.While sales increased slightly, cumulated profits were E55m (£44.6m) down on the previous year. Aldi blamed a weak non-food business and stiff competition in Germany.
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NewsCyber Monday frenzy drives record online shopping sales
Retailers enjoyed a record surge in trade on Monday as shoppers rushed online to secure Christmas deals.
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News
Auchan plans to invest in Russian market
French retailer Auchan plans to invest RUB1bn (£20.1m) next year to open five price-oriented compact hypermarkets in Russia under the Radouga banner.The stores will reportedly have a sales area of 53,820 sq ft and will feature 11,000 SKUs. After next year, Auchan intends to open five to 10 Radouga stores ...
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News
Fast Retailing takes a stake in J Brand
Clothing retailer Fast Retailing has agreed a deal with Star Avenue Capital to take an 80.1% stake in J Brand, with the balance owned by the denim brand’s management.The deal is due to be finalised by the end of the year, subject to approvals.
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News
Footfall fell 3.7% year-on-year last week
Footfall fell 3.7% year-on-year in the week ending December 1, according to the British Retail Consortium-Springboard Footfall Monitor.
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AnalysisTesco: What the analysts say
Tesco revealed today it is to conduct a strategic review of its lossmaking US chain Fresh & Easy as its third quarter sales slowed in the US and the UK. The City remained cautious over the company’s prospects.
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OpinionNick Bubb's verdict: Tesco - not very Fresh & not very Easy
Tesco didn’t help themselves by launching a store format with a range that was not very fresh and not very easy to shop in.
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AnalysisProfile: Who is New Look's new boss Anders Kristiansen?
Anders Kristiansen is a name unfamiliar to most in the UK but as vice chief executive of Bestseller’s 5,500 store Chinese business he has been at the helm of a behemoth.
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AnalysisAnalysis: Arcadia's Topshop and Topman prepare for global growth
Sir Philip Green is in talks with a US investor to sell a 25% stake of Topshop and Topman. Retail Week finds out what this might mean for the UK giant and its billionare owner.
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NewsPotential white knight 'hopeful' over Comet deal
Comet suitor Clive Coombes remains “hopeful” a deal can be struck to save a large proportion of the beleaguered electricals retailer’s store estate.
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NewsRetailers ignored as Chancellor shuns plea for business rates freeze
Chancellor George Osborne has dealt a blow to retailers, ignoring their pleas to freeze business rates and save them from a £175m bill next year.
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NewsVideo: Harvey Nichols - ‘Avoid A Same Dress Disaster’
Following on from last year’s ‘Walk of Shame’ Christmas film, Harvey Nichols has created a ‘tongue-in-chic’ alternative Christmas video, ‘Avoid A Same Dress Disaster’
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GalleryIn pictures: Mo Farah unveils new Virgin Media store format
Virgin Media has unveiled a new format store featuring a living room in store and interactive shopping walls.
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NewsFormer Dreams director Greg Suthern joins bed specialist
Former Dreams chief operating officer Greg Suthern has taken up the same role at retailer and supplier Studio Moderna Brands International.
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NewsRyman and Boux Avenue make TV ad debuts
Ryman Stationery and Boux Avenue, owned by retail tycoon and Dragons’ Den star Theo Paphitis, are both making their TV debuts this week to drive Christmas shoppers in-store and online.
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OpinionComment: Retail predictions for 2013
It is said that there are two sorts of predictions: the lucky and the wrong. But I thought I should try my luck.
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AnalysisAnalysis: Which retailers have Christmas wrapped up?
From decoration to product ranges, everything must stand out in the festive season for the right reasons. Rebecca Thomson and Simon James take a walk along Oxford Street to find out which retailers are providing the best customer experience.
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NewsPhilip Clarke set to axe loss-making Fresh & Easy
Tesco chief executive Philip Clarke has nailed his colours to the mast with the launch of a strategic review of the retailer’s loss-making US business, Fresh & Easy, and the departure of highly regarded deputy chief executive Tim Mason.