All Retail Week articles in March 11 2011 – Page 2
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NewsH&T Pawnbroker retail like-for-likes flat but overall profits surge
H&T Pawnbroker reported flat retail like-for-likes for the 2010 calendar year but overall profit before tax soared by 38%.
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KF Gruppen sales drop 1.5% to £3.5bn
Supermarket group KF Gruppen reported consolidated net sales of SEK36.66bn (£3.5bn) for the financial year ended December 31 2010, a 1.5% decrease on fiscal 2009.Operating profit fell from SEK816m (£79m) to SEK628m (£60.8m). Net profit amounted to SEK112m (£10.8m), compared with SEK224m (£21.6m) in 2009.
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Toys R Us Q4 net income plummets more than 10%
Toys R Us has reported that, despite stronger sales, net income during the fourth quarter dropped more than 10%, which the retailer attributed to a rise in income taxes.Net sales increased 2% to $6bn (£3.7bn), helped by new store locations including Toys R Us Express stores and comparable net sales ...
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Dairy Farm sales rocket 13.2% to £5.6bn
Dairy Farm experienced a solid 2010 fiscal year as “favourable trading conditions persisted in its Asian markets”.For the year ended December 31, 2010 total sales, including those from associates, rocketed 13.2% to $9.1bn (£5.6bn). Net profit jumped 12.9% to $411m (£253m).Dairy Farm continued to expand organically and through acquisitions in ...
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NewsCarpetright shuts Ireland stores after steep sales fall
Carpetright has become the second high-profile UK retailer to close stores in Ireland over the past two weeks as retail sales continue to plummet in the country.
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News
Family Dollar Stores' directors vote against sale
Family Dollar Stores has announced its board of directors has voted unanimously against a sale to the Trian Group, instead voting for the continuing implementation of the company’s strategic plan.The board felt both decisions were in the best interest of the shareholders. It also decided to adopt a shareholder rights ...
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NewsJJB meets its shareholders ahead of fundraising plea
JJB Sports chief executive Keith Jones has visited the US to brief big shareholders in preparation for the retailer’s next round of fundraising.
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Asda gets the go ahead from OFT for Netto deal
The Office of Fair Trading has ruled that Asda’s acquisition of Netto will not be referred to the Competition Commission.
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NewsAlworths forced to close store during rent dispute
Uncertainty still surrounds the future of variety store group Alworths, which is undergoing restructuring and a likely change of ownership (Retail Week, March 4).
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NewsNew plan for Leeds development anchored by M&S and John Lewis
Developer Hammerson has resubmitted an outline planning application to Leeds City Council for a 1 million sq ft scheme that was mothballed during the recession.
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NewsSuperdrug launches new shopfit as part of ‘take another look’ strategy
Superdrug is to unveil a new store format in southwest London on March 25 as part of its plans to encourage customers to “take another look” at the retailer.
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OpinionQuotas are not the answer for diversity
Companies with more women on their boards outperform others with a 42% higher return in sales, 66% higher return on invested capital and 53% higher return on equity.
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NewsFrench Connection launches transactional iPhone app
French Connection has launched an iPhone app that provides a rich social media experience for its users.
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NewsControversial asset-based refinancing tops up TJ Hughes
Value department store group TJ Hughes has refinanced using an asset-based facility rather than conventional borrowing.
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NewsPeople Tree to develop womenswear collection for autumn
Fair trade fashion etailer People Tree has teamed up with designer Orla Kiely to develop a womenswear collection to launch for autumn.
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NewsBrokers believe the ‘worst is over’ for M&S share price
Brokers spotted opportunity in Marks & Spencer, despite evidence that clothing and general merchandise retailers continue to suffer tough trading.
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OpinionRetail surgery: How can I ensure the best possible working relationship with my outsourced ecommerce provider?
As an etailer, how can I ensure the best possible working relationship with my outsourced ecommerce provider?
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AnalysisDia expected to perform better without Carrefour
Dia, the world’s third largest discount retailer has a problem. Under Carrefour’s leadership, the chain had been underperforming for years - 2010 sales increased by a mere 1.6% (down 0.5% excluding petrol and at constant exchange rates).
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NewsJessops to open new store format in Birmingham
Camera retailer Jessops is to open a new store format in Birmingham at the end of the month.