All Retail Week articles in June 25, 2010 – Page 3
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News
Otto Group posted an EBIT of €34m
Retail and mail order conglomerate Otto Group has posted an EBIT of €34m (£28.5m) for the year ended February 28, compared with a loss of €95m (£79.6m) in the previous year.EBITDA rose to €314m (£263m), up from €229m (£192m).The company said it achieved growth in all its business segments, with ...
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News
Kroger’s profits decline
Grocery retailer Kroger’s net profit declined 14.1% to $373.7m (£251.6m) in the first quarter to May 22. Total sales, including fuel, rose 8.7% to $24.8bn (£16.7bn), while sales excluding fuel increased 3.1%. Like-for-like supermarket sales, without fuel, were up 2.4%. Kroger’s chairman and chief executive David Dillon said: “The total ...
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News
Carrefour to open its first cash-and-carry outlet in Argentina
Carrefour will open its first cash-and-carry outlet in the country later this year, adding to its Express y Mini convenience stores and local hypermarkets.The retailer will use the Brazilian brand Atacadão, which it has already exported to Colombia.The first Argentinean Atacadão will open before the end of the year in ...
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News
Ed and Dia launch a free loyalty card
Carrefour’s discount stores in France, operated under the Ed and Dia banners, have launched a free loyalty card called Club Dia.The retailer will run a promotion where twice a month, for 15 days, loyalty card holders are granted immediate reductions on more than 200 products. The scheme will cover both ...
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NewsPrivate equity house Isis invests £4m in gifts etailer GettingPersonal.co.uk
Private equity house Isis has invested £4m in online gifts retailer GettingPersonal.co.uk.
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NewsOcado presses button on IPO
Home shopping group Ocado is to float on the London Stock Exchange after interim EBITDA surged 181% to £8m.
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News
Best Buy revenue 6.9% increase
Best Buy reported a 6.9% increase in revenue to $10.78bn (£7.26bn) for the first quarter ended May 29.
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NewsTextiles Direct seeks 90% cut in rents
Sixty-eight-store homewares and soft furnishings retailer Textiles Direct has pushed through a CVA in a bid to secure its future by reducing some of its rent bills by 90%.
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NewsEast trials standalone accessories shops
Womenswear chain East is to open standalone accessories stores and open more mainline stores, following a return to profit last year.
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OpinionRetail surgery: We have focused on retaining the profitable customers on our database, rather than acquiring new ones. How do we get the balance right?
We have focused on retaining the profitable customers on our database, rather than acquiring new ones. How do we get the balance right?
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OpinionAdopting a consumer goods outlook
This reflection of FMCG brands’ best practice by major retailers can also extend to how they structure their organisations or would like to be perceived.
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NewsBuoyant Wilkinson to speed up store revamps after profits soar
Value chain Wilkinson is to ramp up its store rebranding programme after recording another strong year, with profits more than doubling in the 12 months to January 29.
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NewsIsabella Oliver aims to build on overseas growth
Online maternity specialist Isabella Oliver is targeting a 25% increase in sales for its current financial year after successful overseas growth drove the business last year.
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NewsHarold Tillman secures Allders’ future in landlord deal
Fashion entrepreneur Harold Tillman has secured the future of his Allders department store in Croydon after joining forces with landlord Minerva to create a revised and relocated shopping centre in the town centre.
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AnalysisWalmex to step up Central American stores growth
Scot Rank, the chief executive of Walmart’s Central American unit, Walmex, confirmed to a conference audience last week that the company has identified 300 new cities in Mexico and Central America where it could open stores, in addition to further expansion in the 348 cities in the region in which ...
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NewsHomeSense appoints MD
Off-price furniture retailer HomeSense, the sister chain to TK Maxx, has poached fashion chain M&Co’s head of buying Louise Koser as its managing director.
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NewsOriginal Factory Shop appoints retail big-hitter
Value department store group Original Factory Shop has appointed retail big-hitter Tony Campbell as a non-executive director.
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News‘Give customers a greater say,’ says Asda chairman
Asda chairman Andy Bond has said retailers need to revaluate how they engage shoppers of the future, hailing them as the “net generation”.
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AnalysisHas Best Buy really raised the bar in electricals retailing?
Best Buy is promising to take service to a new level in electricals, but does it and how have established rivals responded to its launch? Retail Week went undercover to find out
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NewsHawkin’s Bazaar hires TK Maxx executive as boss
Toy and gift retailer Hawkin’s Bazaar has hired a senior TK Maxx executive as its new boss as the business ramps up its expansion plans.