All Retail Week articles in January 21 2011 – Page 2
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News
Gap's Athleta opens store in San Francisco
Gap’s Athleta brand, which was until now only available through Gap’s online platform, has opened its first retail location in San Francisco.The store offers Athleta’s collection of women’s active lifestyle apparel for yoga, running, swimming, the gym, hiking and skiing alongside other sportswear. Custom-made mannequins moulded from the body of ...
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News
Ikea profit rises 6.1% to £2.3bn
Ikea has reported that net profit for the year ended August 30, 2010 rose 6.1% to €2.69bn (£2.3bn). Sales soared 7.7% to €23.1bn (£19.3bn).Ikea said sales grew in almost all countries but highlighted China, Russia and Portugal as showing the strongest increases. Ikea group president and chief executive Mikael Ohlsson ...
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News
Best Denki sales increase 0.8% to £1.9bn
Sales at consumer electronics retailer Best Denki increased 0.8% to ¥253.3bn (£1.9bn) in the nine months ended November 30, 2010.Operating profit was ¥4.8bn (£36.5m) compared with an operating loss of ¥3.8bn (£26m) in the same period the previous year. Net profit was ¥896m (£6.5m) compared with a net loss of ...
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OpinionDon’t fall into the VAT trap
Get beyond the VAT rise and focus on the retail essentials to succeed, says Angela Spindler
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News
Aeon to expand My Basket neighbourhood stores to 1,000 shops by 2013
Retail giant Aeon plans to expand the number of My Basket neighbourhood stores to about 1,000 shops by 2013. Most stores are expected to open in Tokyo.My Basket was launched in December 2005 and, although the average size of 1,615 sq ft is only slightly larger than typical convenience stores, ...
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NewsFlying Brands ups its stake in Dealtastic
Home shopping group Flying Brands has acquired a further 30% stake in discounting website Dealtastic.
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NewsKitbag sales soar with record Christmas
Sports retailer Kitbag had a record Christmas with December’s sales up 19.3% to £10.5m.
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News
Massmart H2 sales increase 13.3% to £2.5bn
Massmart - the company in which Walmart intends to take a 51% stake before the end of March this year - has announced its preliminary financial results for the six months to the end of December, 2010.Sales increased 13.3% to R27.5bn (£2.5bn). Like-for-like sales jumped 7.3%. The Mass discounters division ...
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AnalysisMultichannel comes of age
Data analytics, mobile commerce and precision marketing were all hot topics at this year’s NRF. Rebecca Thomson reports
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NewsArgos promotes social media in new big book
Catalogue store group Argos is to more closely integrate its famous big book with social media such as Facebook and Twitter as its multichannel business grows.
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NewsBurberry’s sales rocket at retail and wholesale arms
Burberry’s sales soared 27% to £470m in the three months to December 31, when the upscale fashion group’s retail and wholesale arms both achieved double-digit growth.
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NewsTesco launches attack on Asda price promise
Tesco has squared up to Asda by taking out double-page spreads in several national newspapers this week, challenging Asda’s claim to be 10% cheaper than its rivals.
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NewsAsos shifts focus to international sales with new website launches
Fashion etail giant Asos expects overseas sales to overtake its UK division in the next quarter as it plans to launch “a handful” of new international websites over the next 12 to 18 months.
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NewsGoldsmiths launches new fascia in bid to attract younger shoppers
Jewellery giant Aurum is to launch a new fascia under its Goldsmiths brand as it seeks to attract a younger, more fashion-conscious customer.
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NewsM&S says retailers need to back Hugh’s Fish Fight
Retailers need to introduce customers to species of fish other than established favourites such as cod, haddock and salmon in order to promote sustainability, a Marks & Spencer executive said this week.
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NewsThe Hut Group buys collapsed beauty site
Online retailer The Hut Group will hit the acquisition trail again this year in order to maintain strong growth.
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GalleryBig Eataly
Slow food beacon Eataly’s latest store is in Manhattan and is twice the size of the Turin original. John Ryan visits
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NewsHalfords insists slip in bike sales is temporary
Analysts have cut their forecasts on the back of Halfords’ worse-than-expected Christmas trading update.
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NewsSecond management buyout could save troubled British Bookshops and Stationers
Collapsed chain British Bookshops and Stationers could be revived under its existing management, which is understood to be attempting a second management buyout within a year.
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NewsBoots to upgrade its Treat Street website
Boots UK is to update its technology and ramp up marketing plans for its Treat Street online operation, which allows its customers to collect Advantage Card points when shopping at other retailers.