All Retail Week articles in January 28 2011 – Page 3
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NewsTesco to standardise stock management globally
Tesco is overhauling its stock reduction process as part of its ongoing bid to standardise IT across its business.
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NewsAlexon warns on profits despite sales improvement
Womenswear group Alexon, which includes the Ann Harvey and Kaliko chains, reported group like-for-like sales up by 13.3% in the five weeks to January 22 but issued a second profit warning after gross margins were eroded.
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NewsArgos-owner Home Retail ran slide-rule over Blacks
Argos-owner Home Retail Group was among the potential bidders for outdoors specialist Blacks Leisure, it has emerged
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NewsSainsbury's appoints non-exec from Google
Sainsbury’s has appointed Matt Brittin from Google as a non-executive director.
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NewsAsda Income Tracker: average family's spending power suffered largest fall on record in December
The average family’s spending power fell by £8 per week in December, the largest fall on record since the Asda Income Tracker began in January 2007.
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NewsWH Smith AGM blow
WH Smith suffered a blow at its AGM yesterday when nearly a third of its shareholders who voted refused to back the remuneration report.
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NewsTesco's incoming boss sets up executive committee
Incoming Tesco group chief executive Philip Clarke has set up an executive committee to take effect on March 1 when he succeeds Sir Terry Leahy.
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NewsWolfson attacks planners for holding back economy
Next chief executive Lord Wolfson of Aspley Guise has attacked planners for holding back economic growth.
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NewsEverything Everywhere to launch contactless payment on mobiles
Retailer and operator Everything Everywhere, the company created from the merger between T-mobile and Orange, will launch a contactless payment service that allows customers to pay on the mobiles by early summer.
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News84% of retailers will pass on VAT rise in full
More than eight out of 10 retailers plan to pass on in full the VAT rise that came in to effect on January 4.
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NewsH&M final quarter profits hit by cotton price hikes
H&M, the Swedish fast fashion chain, said that profits fell in the final three months of its financial year after being impacted by the rising price of cotton.
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NewsPace of retail growth slowing, CBI reports
Retail sales volume rose in the early part of January but store chiefs expect the pace of growth to slow.
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NewsBeales narrows losses by a third
Beales, the independent department store chain, has reduced its full year losses for the third year running.
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NewsSir Terry Leahy calls on governments to ensure low-carbon growth
Tesco chief executive Sir Terry Leahy has called on governments around the world to work with private companies to ensure innovation in low-carbon growth is not hindered by red tape.
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NewsFormer M&S boss Rose and Waitrose chief Price named Government happiness advisors
Former Marks & Spencer chairman Sir Stuart Rose and Waitrose managing director Mark Price have both been named members of the advisory panel set up to measure happiness.
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NewsPrimark records a 12% Christmas sales increase
Value fashion giant Primark shrugged off the effect of the snow before Christmas to record a 12% increase in sales, but warned that EBITDA margins will fall during the second half.
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NewsFormer owners buy 12 Suits You stores
Peter Lucas and Arafa Holding, the former owners of collapsed menswear chain Suits You, have acquired 12 of its 66 stores through Baird Group and relaunched them under the Suitdirect fascia.
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NewsHomestyle profits drop 19% but Reid acquisition boosts turnover
Homestyle, the furniture retailer that operates chains including Harveys and Bensons for Beds, has revealed a 19% fall in profits in the year to June 26, while turnover increased.
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OpinionRetail surgery: Will participating landlords be able to recharge the cost of CRC allowances to the tenant?
Following plans to divert revenue raised by the Carbon Reduction Commitment (CRC) Energy Efficiency Scheme, will participating landlords be able to recharge the cost of CRC allowances to the tenant?
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NewsM&S fully integrates Per Una after management shake-up
Marks & Spencer womenswear label Per Una will be fully integrated into the retailer’s core womenswear operations following a management restructuring this week.