All Entertainment articles – Page 66
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NewsHMV chiefs outline new vision after awful year
HMV chiefs have reaffirmed their faith in the retailer after a terrible year, and set an operating margin target of between 3% and 4%.
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Lawson to expand product range
Convenience store operator Lawson plans to expand the product range sold at its convenience stores and radically reform its business model to resemble that of the Uniqlo clothing chain. Under its new growth strategy, Lawson will increase the number of stores selling fresh produce.While the company has been pushing this ...
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NewsMamut completes Waterstone's deal
Russian tycoon Alexander Mamut has completed the £53m purchase of Waterstone’s.
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Massmart to focus on integration with Walmart
Massmart has said that it is focused on integration with Walmart now that the deal has been approved, particularly in terms of governance, procurement processes and sharing best practice. Massmart chief executive Grant Pattison said the company is first and foremost putting in place measures to implement the conditions the ...
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NewsWaterstone's operations and commercial directors exit
Bookseller Waterstone’s has revealed that commercial director Michael Neil and operations director Roger Childs will be leaving the business with immediate effect.
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NewsHMV sells Canadian business to Hilco
HMV has sold its Canadian business to restructuring firm Hilco.
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NewsVast contrast typifies results across retail
Food and general retailers alike lagged a flattish market as updates and sector data showed sharply divergent performances from store groups.
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AnalysisBest Buy extends online streaming into Canada
As the entertainment industry continues with its rapid shift to digital media, Best Buy is to launch its CinemaNow video download service in Canada.
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Maruzen CHI Holdings records loss
Bookstore operator Maruzen CHI Holdings recorded a loss for the first quarter ended April 30, in the aftermath of the recent Japanese disasters.The retailer said that although book sales were strong during the period, overall financial performance was affected by the Tohoku earthquake.The company recorded a net loss of ¥439m ...
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NewsWHSmith earnings ‘not threatened by e-books’
Fears about the impact of the growing popularity of e-books on bookseller and stationer WHSmith are overplayed and the retailer is undervalued, according to broker Oriel Securities.
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French retailer Casino raises its stake in Brazil's largest retailer
French retailer Casino has raised its stake in Brazil’s largest retailer Companhia Brasileira de Distribuiçao to 37% after buying 3.3% of the company’s shares on the market. Companhia Brasileira de Distribuiçao is jointly controlled by Casino and the Diniz family through a 50:50 joint venture holding company called Wilkes. A ...
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AnalysisBusiness as usual, but faster
Retailers are adjusting to the new post-recession market, which means never allowing their businesses to stand still. By Joanna Perry
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NewsIn focus: Game
Despite enjoying an enviable position as the UK and Europe’s leading video games specialist, Game Group, subject of a Retail Week Knowledge Bank profile update, is suffering from falling sales and profits after both peaked in 2008/09.
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NewsGame sales decline prompts downgrades from analysts
Analysts slashed profit forecasts for Game this week as the retailer downgraded its revenue guidance in the face of a worse-than-expected decline in the games market