All Retail Week articles in February 11 2011 – Page 3
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NewsMary Portas: retailers get to answer back
Retailers have the chance to respond to criticism on Mary Portas’ website, after the television retail guru launched a “retailer response tool” on its Secret Shopper forum.
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NewsJack Wills to expand further overseas
Preppy fashion retailer Jack Wills is to expand further internationally, with the US, Europe and the Far East in its sights.
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NewsFonehouse hunts new stores as old ones are refitted
Mobile phone retailer Fonehouse is ramping up the roll-out of its new store format as it plans to triple its store count by early next year.
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NewsClothes prices may rise 14% this autumn
Clothing prices are forecast to climb by up to 14% in the second half of this year this year.
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NewsJaeger to expand into Russia
Premium fashion retailer Jaeger is to enter the Russian market with two Jaeger London stores.
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NewsBlacks Leisure chief executive Neil Gillis resigns
Blacks Leisure chief executive Neil Gillis is to resign from the retailer.
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Blockbuster to add 3,000 Express DVD rental kiosks this year
Blockbuster is planning to add 3,000 Express DVD rental kiosks during 2011, despite closing stores and filing for Chapter 11 bankruptcy protection.Blockbuster Express owner NCR estimates that it will generate about $200m (£130m) in revenue in a single year from its kiosks and says it plans to reposition kiosks that ...
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CVS revenues up 3.1% to £9.6bn
Pharmacy retailer CVS has reported revenues in its retail drugstore segment up by 3.1% to $14.9bn (£9.6bn) in its fourth quarter to December 31, as like-for-like sales rose 1.7%.The retailer’s pharmacy benefit management arm, however, experienced a revenue decline of 9.7% due to the termination of several large client contracts.President ...
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NewsMy-Wardrobe.com to relaunch in push for £100m sales target
Fashion etailer My-Wardrobe is to relaunch its website at the end of the month in a bid to give a clearer idea of its offer.
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Yamada Denki sales soar 11.5% to £12.2bn
Consumer electronics retailer Yamada Denki said sales soared 11.5% to¥1.66trn (£12.2bn) in the nine months to December 31.Operating profit increased by 77.7% to ¥97.6bn (£720m), while net profit rocketed 75.6% to ¥61.9bn (£456m).
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Deichmann sales climb 12.5% to £3.37bn
Shoe retail specialist Deichmann Group experienced a sales climb of 12.5% during the 2010 financial year, reaching E3.93bn (£3.37bn).The retailer said this was the biggest growth rate for 20 years. At Deichmann’s various banners in Germany sales were up 8%, or 4.8% on a like-for-like basis.
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Bharti Walmart to open 12 new Best Price Modern Wholesale stores by March 2012
Walmart’s Indian joint venture operation Bharti Walmart is planning to open 12 new Best Price Modern Wholesale stores by March 2012, in a move away from its cautious expansion strategy.The group expects to ramp up the rate of expansion and open “more than 12” stores in 2013.Managing director and chief ...
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LVMH jumps 19% to reach £4.6bn
Luxury goods and specialist retailer LVMH’s retailing arm recorded revenue growth of 19% in 2010 to reach E5.4bn (£4.6bn), and posted a profit of E388m (£332m), up 38% on 2009.Travel retail operator DFS posted a strong performance attributed to the rise in international travel, notably among Asian tourists.Beauty chain Sephora ...
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News22 British Bookshops stores bought by WHSmith
The British Bookshops & Stationers (BBS) name is set to survive for the foreseeable future after WHSmith purchased the intellectual property rights of the business plus 22 stores for £1m.
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Kesko net sales rise 3.9% to £7.5bn
Retail group Kesko has reported a net sales rise of 3.9% to E8.8bn (£7.5bn) for 2010, with operating profit nearly doubling to E268m (£230m).In Finland, net sales increased by 4.3% and in other countries by 2.2%. International operations, which include Scandinavia, Baltics and Russia, accounted for 16.7% of net sales. ...
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AnalysisX5 in battle for leadership with new growth strategy
Russia’s largest grocer, X5 Retail Group has revealed a change to its expansion strategy and will now be targeting small cities and towns with populations of more than 50,000 inhabitants.
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NewsGo Outdoors considers float as its plans for growth accelerate
Outdoor specialist Go Outdoors will decide whether to push the button on a float of the business early next year, after having ruled out a sale.
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NewsHed Kandi shuts stores less than a year after launch
Music and lifestyle retailer Hed Kandi has shut its two stores less than a year after opening.
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NewsPeacocks prompts IPO speculation after beginning hunt for chairman
Value fashion group Peacocks intends to appoint a chairman for the first time in five years, prompting speculation that an IPO may be on the cards.