All Retail Week articles in January 28 2011
Browse all news stories and articles from this date or time period.
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News
Woolworths sales increase 9.8%
Food and clothing retailer Woolworths has announced that preliminary group sales increased 9.8% year on year for the 26 weeks to December 26.This compares with sector growth of 5.9% during the same period. Clothing sales grew by 11.5%, 2.3 percentage points higher than the average in comparable stores (9.2%).The retailer ...
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GalleryUrban Outfitters, Spitalfields
Wander around Spitalfields in east London and you could be forgiven for thinking that you’re in a branch of Urban Outfitters: all is tastefully decayed and generally expensive.
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NewsTesco to open new DC for dotcom and Express
Tesco is to open a new distribution centre later this year to service its dotcom and Express businesses.
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News
Toom Baumarkt and Hellweg Profi-Baumärkte to establish new buying group
Rewe Group’s DIY arm Toom Baumarkt and DIY retailer Hellweg Profi-Baumärkte have established a new buying group, subject to the approval of the Federal Cartel Authority. It is called DIY Union and will have a sales volume of about E3bn (£2.6bn) at its disposal.
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News
Migros records £16.35bn in net sales
Supermarket chain Migros has reported preliminary group net sales of CHF25.03bn (£16.35bn) for 2010, representing a slight increase of 0.3% compared with 2009.Lower prices of Migros’ products, alongside a currency-related decline in sales in the travel business, affected Migros Group’s sales during the year. The retail segment of the group ...
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News
Jerónimo Martins to open neigbourhood store chain
Portuguese retailer Jerónimo Martins is planning to open a new chain of small franchised neigbourhood stores over the coming months. The retailer will open two wholly owned stores under the new banner and will then work towards its expansion under a franchising scheme. The new business model will be developed ...
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News
Blockbuster gets deadline extension for bankruptcy reorganisation plan
Blockbuster has received an additional three weeks from its lenders to file a bankruptcy reorganisation plan. The company received an extension to February 4 from January 14 to file a plan, a regulatory filing shows. It is common for debtors to seek such extensions and US bankruptcy courts routinely grant ...
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News
Delhaize Group revenue increases 4.6% to £17.7bn
Delhaize Group has reported revenues of E20.8bn (£17.7bn) for 2010. This represents an increase of 1% at identical exchange rates or 4.6% at actual exchange rates, due to the strengthening of the US dollar by 5.2% against the euro compared with 2009. Organic revenue growth was 0.9%.Delhaize Group added 68 ...
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NewsScottish Parliament advised by committee to scrap planned levy on large retailers
Retailers are unlikely to have to pay extra tax on larger stores in Scotland after the Local Government and Communities Committee of the Scottish Parliament voted in favour of annulling the proposed Large Retailer Levy.
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AnalysisWalmart pledges healthier food with no added extras
Walmart is to embark upon a five-year plan to make its food offering healthier.
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OpinionTaxing big stores won’t save small shops
“It is only fair that the largest, profitable businesses make a greater contribution and if this helps sustain businesses in many of our town and city centres that is an added advantage.”
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AnalysisChristopher North
With a keen eye for data and background in publishing the new Amazon UK managing director seems the perfect fit for the online giant.
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NewsWH Smith like-for-likes fall 5%
WH Smith group like-for-likes dropped 5% in the 21 weeks to January 22.
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NewsSRC challenges Scottish levy
The Scottish Retail Consortium (SRC) has challenged Scottish finance secretary John Swinney to answer five key questions about the proposed retail levy when he appears at the Scottish Parliament later today.
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NewsBlacks sale hopes fade
The potential takeover of Blacks Leisure may be pulled as several of the interested parties are reported to have walked away from discussions.
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NewsBoux Avenue: first product pictures revealed
Entrepreneur Theo Paphitis has unveiled the first product images for his lingerie chain Boux Avenue which will open in late March.
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NewsTesco slashes laptops and clothing prices
Tesco is slashing prices on all laptops and adults’ clothing lines by 20%, which the grocer said gives customers a VAT-free deal.