All Retail Week articles in January 14 2011 – Page 6
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NewsMassmart shareholders approve Walmart deal
South African retailer Massmart’s shareholders have approved a $2.39bn tie-up with Walmart.
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NewsAsda HR director leaves
Asda’s HR director left the grocer last week to seek opportunities in Europe.
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NewsThe Perfume Shop Christmas like-for-likes up 2%
The Perfume Shop reported like-for-like sales up 2% for the four weeks to January 1, driven by classic fragrances and gift sets.
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NewsRetailers to be banned from selling cheap alcohol
Retailers are to be banned from selling alcohol below a minimum price for the first time, under Government plans to be revealed today.
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NewsJessops Christmas like-for-likes up 3%
Camera specialist Jessops like-for-likes grew 3% over Christmas as “choice and service” helped grow sales.
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NewsBurberry third quarter sales up 27%
Burberry reported a 27% hike in revenue to £470m in the three months to December 31 with double digit growth across both their wholesale and retail sectors.
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NewsCarphone confident in Best Buy big-boxes
Carphone Warehouse remains convinced there is “substantial opportunity” for big-box Best Buy stores in the UK and has reported a like-for-like sales rise at its core mobile business over Christmas.
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NewsTesco Mobile chief executive quits
Tesco Mobile chief executive Lance Batchelor is leaving the supermarket.
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NewsChange Capital among bidders for Bathstore
Change Capital, the private equity firm run by former Marks & Spencer boss Roger Holmes, is among those bidding for Bathstore.
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NewsConsumer price inflation rises to 3.7% in December
Consumer price inflation rose 0.4% in December to 3.7% over the previous month, the Office of National Statistics reported.
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NewsHMV credit insurance under review
UPDATED: HMV Group has confirmed that credit insurers are reviewing the level of cover they provide to the retailer.
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NewsComet like-for-likes slump 7.3%
Electricals chain Comet has reported a slump in like-for-like sales of 7.3% over Christmas, hit by the bad weather and intense promotional activity.
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NewsAsos sales up 59%
Fashion etailer Asos’ retail sales jumped 59% to £100m in the 3 months to December 31.
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NewsTesco's JV with British Land refinances 8-store portfolio
Tesco’s joint venture company with British Land, BLT Properties, has refinanced its superstores portfolio.
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NewsApple hits $26.7bn revenue after record iPad sales
Apple has posted a record revenue of $26.74bn (£16.69bn) for the quarter ending December 25, up from $15.7bn (£9.79bn) a year ago.
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NewsJ Crew extends deadline for possible bids
US casualwear retailer J Crew has extended the period in which it can accept rival bids for the business until February 15 as it settles a shareholder lawsuit over its proposed takeover.
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NewsChinese spend in London doubled in December
Spending by Chinese visitors to London more than doubled in December, as more Chinese tourists visited the city and their personal spending power grew.
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Opinion
NRF: Mobile's moment
If social media was the hot topic at last year’s meeting of retail minds in New York, then this year the buzz was all about mobile.
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NewsSwarovski to launch new lola&grace fascia next spring
Jeweller Swarovski is to launch a new format next year aimed at a younger audience, Retail Week can reveal.