All General merchandise articles – Page 162
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NewsStore closures loom at Clinton Cards
Buyers circle as Clinton Cards follows Game and Peacocks into administration.
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NewsClinton Cards folds into administration, 8,000 jobs at risk
Struggling greetings card retailer Clinton Cards has collapsed into administration, putting around 8,000 jobs at risk as store closures look imminent.
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NewsClinton Cards to collapse into administration
Clinton Cards has suspended its shares on the Stock Exchange and is on the point of collapse after its largest supplier American Greetings acquired the retailer’s debt from its banks last night.
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Net sales at Metro rise
Metro’s net sales were up 2.2% to E15.6bn (£12.7bn) in its first-quarter ended March 31. In local currency, sales came in 2.6% above the prior year level. There was a calendar effect benefit but an EBIT loss of E9m (£7.3m) following a profit of E142m (£115.5m) in the prior year ...
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NewsMamas & Papas to roll-out across Russia and Lebanon
Maternity and nursery retailer Mamas & Papas has pushed the button on its expansion across Russia.
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NewsShop price inflation drops to 1.3% as commodity prices fall
Shop price inflation fell to 1.3% in April from 1.5% in March but the British Retail Consortium (BRC)- Nielsen Shop Price Index flagged potential future increases following the UK’s fall back into recession.
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Target remodels 90 stores to include fresh food
Target has begun remodelling 90 stores across the US and aims to complete the programmed by the end of June.The remodels are the second of three phases this year, which include the addition of fresh food to its general merchandise stores.Almost 1,000 Target stores offer an expanded food layout at ...
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AnalysisDiamond Jubilee: Raising consumer spirits
Consumer spirits are low but as a summer of big events nears, kicked off by the Diamond Jubilee, retail could have a moment in the sun.
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NewsWolfson: Recession won't knock consumer confidence
Next boss believes GDP figures will be adjusted to show growth and Jubilee will deliver sales boost.
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AnalysisWalmart launches ‘pay with cash’ online option
Walmart is to launch a ‘pay with cash’ option for online shoppers.
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OpinionThreat of store closures for Argos
Home Retail’s troubling full-year figures and the appointment of strategy consultants OC&C by new Argos boss John Walden has put the spotlight on the future of the general merchandiser’s store portfolio.
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Opinion2012 could be the year of the staycation
Staycations and a summer of sport can help ensure a happy holiday season, says David Wild.
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NewsDoubts raised over need for new Blacks boss as Reynolds resigns
JD Sports’ newly acquired Blacks business may not need its own chief executive analysts said, as incumbent Julia Reynolds resigned after less than a year at the helm.
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NewsThe Argos store is not dead, insists Home Retail’s Duddy
Home Retail chief executive stands by bricks in face of fierce criticism.
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NewsOcado: What lies ahead for the etailer?
The hope is that Ocado’s new fulfilment centre will put operational issues firmly behind it.
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Aeon opens shopping centre aimed at senior citizens
Multi-format retailer Aeon has opened its first shopping centre aimed at senior citizens in Funabashi, Chiba Prefecture.The venture is in response to the ageing trend in Japanese society. More than 30% of the population is 65 or older.The centre features a slower escalator speed, large signage, Aeon’s first directly run ...
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AnalysisLondon 2012 Olympics: The final countdown
The London 2012 Olympics are in sight and soon parts of the UK will be busy with sports-loving visitors. Rebecca Thomson reveals what retailers need to do to capitalise and score a podium finish.
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OpinionNick Bubb's verdict: The outlook for Argos
It is an uncomfortable truth that the catalogue showroom store format has died a painful death everywhere else in the world, except in the UK.
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AnalysisRetailers and landlords: Lease conflict time bomb
Retailers and landlords remain in disputes over pre-packs, downscaling, and now monthly rents. Meanwhile, a lease time bomb is ticking, warns Mark Faithfull. However, it could spell good news for retailers.
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NewsToys R Us seeks advisers for £400m debt restructure
Owners of specialist toy retailer Toys R Us are poised to appoint advisers to help restructure £400m of debt, it is understood.