All Retail Week articles in March 15 2013 – Page 2
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AnalysisAsda and HMV: The pros and cons of a potential acquisition
The world of retail was surprised today by the news Asda is understood to have expressed an interest in collapsed entertainment retailer HMV.
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NewsTesco 'sorry' after further horse meat found in meatloaf
Tesco has apologised to shoppers after it discovered horse meat in a beef meatloaf manufactured in Northern Ireland.
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News
Grocer Coop plans to convert to Rewe banner
Grocer Coop is planning to convert its outlets to Rewe Group’s Rewe banner, Lebensmittel Zeitung reported.Rewe Group and Coop have been buying partners for several years. Additionally, Rewe Group has a silent partnership in the retailer, which is located in northern Germany. Rewe Group will make the most of the ...
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News
Migros Basel shelves expansion plans
Migros Basel, a co-operative of Swiss grocer Migros, has shelved expansion plans for Germany for the indefinite future.In an interview with Bilanz magazine, Migros chief executive Herbert Bolliger said Migros Basel’s expansion strategy had not worked.Migros entered the German market in 1995, but operates only four Migros stores in the ...
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NewsVince Cable to unveil Government's multichannel growth plan for UK retail
Business secretary Vince Cable will today unveil the Government’s growth plan for UK retail, including a focus on boosting omnichannel retailers and overseas growth for luxury brands.
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News
Otto Group records rise in revenue
Online and mail order specialist Otto Group recorded a 2% rise in revenue to E2.1bn (£1.83bn) for the year to February 28, 2013.While not disclosing figures, the company said that it achieved its highest profit in a decade and that 80% of sales now come from ecommerce.Otto is restructuring its ...
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News
Walmart launches online product range
Walmart has launched an online range of products from small and medium-sized enterprises owned by women on its website, to support economic empowerment.More than 200 items, from jewellery and iPad cases to coffee beans and clothing, will be sold on the Empowering Women Together section of Walmart.com.The range comes from ...
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NewsTesco acquires restaurant chain Giraffe for £48.6m
Tesco has bought Giraffe for £48.6m and plans to launch the family friendly restaurant in some of its larger stores.
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NewsZara owner Inditex profits soar 22% in 2012
Zara owner Inditex’s net profits soared 22% to €2.3bn in 2012 as sales jumped 16% to €15.9bn.
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NewsFrench Connection plunges into the red with £7.2m full-year loss
Fashion retailer French Connection fell to a pre-tax loss of £7.2m in the year to January 31, 2013, from a £4.6m profit the previous year.
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AnalysisVideo: Retail Week Live- Opening speech by editor in chief
Retail Week editor in chief Chris Brook-Carter opened Retail Week Live this morning.
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AnalysisVideo: Retail needs to think international, says Vince Cable
The UK retail industry needs to think of itself as an international export industry to ensure future growth, business secretary Vince Cable said at Retail Week Live today.
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NewsVideo: Vince Cable opens door for business rates reform
Business secretary Vince Cable believes the business rates system needs restructuring but has ruled out any changes being announced as part of next week’s Budget.
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AnalysisVideo: Asda chief Andy Clarke takes "belt and braces" approach to supply chain
Asda chief executive Andy Clarke has pledged to take a “belt and braces” approach to reacting to the horse meat scandal but will not take a “knee jerk approach”.
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NewsMorrisons to parachute in Kiddicare boss for online grocery launch
Morrisons is to parachute in Kiddicare chief executive Scott Weavers-Wright ahead of the launch of its fledgling online grocery business which is due to go live before the end of the year.
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Analysis
Video: Consumer power will drive change in retail
The growing power of the consumer will change the world of retailing in the second half of the decade, Retail Week Live delegates have been told.
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NewsParliament launches inquiry into the state of the UK retail sector
The Department for Business, Innovation and Skills Select Committee has launched an inquiry into the UK retail sector, as tipped by Retail Week this morning.
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NewsRetail Week Live: Retailers must understand the omnichannel customer journey
Understanding the customer journey is one of the biggest challenges facing retailers as they strive to become omnichannel, according to a panel at Retail Week Live.
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NewsRetail Week Live: Role of stores will change dramatically
The role of stores will change dramatically in the future, retailers at Retail Week Live said today.
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InterviewQ&A: French Connection chief executive Stephen Marks on its full-year results
French Connection posted a £7.2m loss this morning, six months after outlining its turnaround plans. The fashion retailer’s boss Stephen Marks speaks to Retail Week.