All General merchandise articles – Page 193
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News
OfficeMax Q3 sales drop 1% to £1.2bn
OfficeMax reported total company sales for the third quarter ended September 25 decreased 1% to $1.81bn (£1.2bn). However, pre-tax profit was $33m (£21m), compared with $17m (£11m) in the third quarter of 2009. For the full year, OfficeMax said it expected total company sales to be slightly lower than fiscal ...
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News
Shoppers Stop Q2 turnover increases 23%
Shoppers Stop reported a 23% jump in turnover for its second quarter ended September 30. Turnover reached INR509 crore (£7.1m) compared with INR412 crore (£5.7m) for the prior-year period. Net profit soared 44% to INR17.4 crore (£243,855) against INR12.1 crore (£169,550) the previous year. “The surge in consumer confidence has ...
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News
Lotte Shopping Q3 sales up 23.1% to £1.9bn
Lotte Shopping has reported a strong set of results for its third quarter with gross sales up 23.1% to KRW3.5trn (£1.9bn). Operating profit was up by 44.7% to KRW241bn (£133m), while net profit increased 25.7% to KRW183bn (£86m). It had a good performance in all divisions, with like-for-like sales growth ...
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NewsTraffic-free shopping on Oxford Street on November 27
London’s famous shopping Mecca Oxford Street will offer traffic-free shopping again this year, on November 27.
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NewsConsumer confidence edges up in October
Consumer confidence rose by one point in October, according to the GfK NOP Consumer Confidence Index.
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AnalysisCan workers provide a big break for WHSmith?
The retailer - more used to operating in railway stations - believes the workplace could prove to be an untapped source of growth. George MacDonald examines the venture’s potential
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NewsToy Retailers Association reveals Christmas dream toys
Buzz Lightyear, a toy puppy that can be taken for walks and an electric guitar are among the toys tipped to be the biggest sellers this Christmas.
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News
Woolworths Q1 sales increase 4% to £8.4bn
Woolworths reported a 4% rise in first-quarter sales to Aus$13.91bn (£8.4 bn). Sales at the company’s food and liquor division in Australia for the quarter increased by 3.2% to Aus$9.29bn (£5.6bn), as like-for-like sales rose 2%. Woolworths’ New Zealand supermarkets sales had an even stronger increase of Aus$1.07bn (£642m) during ...
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NewsWalmart reconsiders terms of Massmart deal
Walmart may modify its offer to acquire South African retailer Massmart, meaning the Johannesburg company could retain a listing.
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NewsStaples UK cuts costs and returns to profit
Stationer Staples UK has bounced back into the black, posting a pre-tax profit of £6.2m compared with a loss of £8.6m the year before.
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OpinionA good result, but Swann can do better
WHSmith should be awarded nine out of 10 for margin management and cost control: the alchemy of generating a profits increase in another year of like-for-like sales declines.
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NewsWHSmith travel arm trumps high street for the first time
WHSmith could demerge its travel and high street arms as early as this financial year, some analysts believe.
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OpinionArgos needs to build on multichannel strategy
The job losses spelt out in Wednesday’s Comprehensive Spending Review can’t be good news for retailers. While at least we now know how bad the impact will be, the uncertainty created in the minds of those affected will do nothing for their propensity to spend.
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NewsArgos poised for return to the clothing market
Retailer attempts to poach staff from online specialists ahead of fashion comeback.
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NewsRetailers braced for difficult trading after ‘necessary’ cuts
Retailers warn public sector cuts will hit spending and exacerbate the North/South divide
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News
Toys R Us claims it won't be opening stores in India
US-based toy retailer Toys R Us has said it won’t be opening stores in India, following reports of a link-up with Reliance Retail. The company released a statement of denial after various news sources reported a link between the two retailers.
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NewsArgos suffers profits fall
Argos and Homebase owner Home Retail Group has posted a plunge in interim profits.
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NewsRetailers to enjoy best Christmas since 2007, Verdict forecasts
This Christmas will be the best for retailers since 2007 and sales are likely to rise 1.9% to £85.2bn.
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NewsRetailers face mass cull by 2015, BDO claims
More than 26,500 retailers will be wiped off the UK high street by 2015 as post-recession shoppers become more “reasoned and thoughtful”, according to research published today.