All Retail Week articles in March 16 2012 – Page 2
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NewsForeign investment in UK retailers set to surge
UK retail is braced for a boom in foreign investment after a series of acquisitions over the past year, predicts corporate adviser Clearwater Corporate Finance.
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NewsMarks & Spencer veteran Andrew Skinner leaves the business
Marks & Spencer veteran Andrew Skinner is leaving the retailer after almost three decades.
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NewsTesco considers raise in pension age
Tesco is considering raising the age its staff receive a full pension from 65 to 67.
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NewsHomebase poaches Waitrose director to head up retail
Homebase has appointed Waitrose director of retail services Graham Heald as its retail and distribution director.
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NewsLeahy to raise $750m for Chinese shopping mall venture
Former Tesco chief executive Sir Terry Leahy plans to raise $750m to launch his Chinese shopping centre venture.
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NewsKwiksave to return to the high street next month
Kwiksave is to return to the high street next month.
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Aeon to set up China headquarters
Japan-based Aeon is to set up its China headquarters in Beijing. The retailer is likely to expand its business operations in the country and diversify into property development, general financial services, speciality stores and supermarkets. President Motoya Okada said: “We aim to entrust local executives with management decisions.”Given the sluggish ...
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Metro’s cash and carry operation to launch online shop
Metro’s cash and carry operation in China is to launch an online shop for local business customers later this year. The assortment will include mainly ambient products although the business also plans to add non-food ranges in the future. In addition, the retailer intends to open at least 10 cash-and-carries ...
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Grocer Delhaize reports profit decrease
Grocer Delhaize reported underlying operating profit down 10.2% to E935m (£789m) for the full year 2011. According to the retailer, the decline was due to soft sales and price investment in the US partly offset by cost savings across the group. Net profit slipped 17.4% to E475m (£400m) primarily as ...
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Penny updates refurbishment plans
Grocer Rewe’s discount division Penny has updated refurbishment plans in its domestic market. The discount division hopes to convert 600 stores to the new model this year following the recent start of the programme in Berlin and Cologne. The revamp is expected to be completed by the end of 2014. ...
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NewsTesco forecast strongest growth against global retail rivals
Tesco is forecast to grow faster than its three main global rivals – Walmart, Metro and Carrefour – with a compound annual growth rate (CAGR) of 6.8% between 2011 and 2015, according to new research from IGD.
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NewsHMV Live grabs attention of O2 owner
The owner of the O2 arena, AEG, is bidding to acquire HMV’s live music business for about £65m.
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NewsPrisk promises business-led retail strategy in summer
Business minister Mark Prisk has promised a “clear, business-led” strategy to spark retail growth in the summer.
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NewsMore action needed on high street, says Marks
More needs to be done to ensure high streets across the UK continue to thrive, Co-operative chief executive Peter Marks said at The Cloud Retail Week conference today.
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GalleryIn pictures: The Cloud Retail Week Conference, day one
Pictures from The Cloud Retail Week Conference
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NewsAurora could close half its stores, says Binnie
Aurora Fashion president Stewart Binnie has said the company could dispense with more than half its stores, as the web continues to reshape the retail industry and with up to 70% of the company’s transactions now using the internet in some way.
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NewsSchuh a fan of Comic Sans?
The much-maligned Comic Sans font made a reappearance this week when Retail Week Knowledge Bank’s Philip Wiggenraad tweeted that footwear retailer Schuh had used it to document its annual accounts.
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GalleryIn pictures: First pictures of Zara’s global flagship in Fifth Avenue
Zara opens a “global flagship” on New York’s Fifth Avenue tomorrow (March 15th 2012).
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NewsHarvey Nichols delays Indian expansion
Harvey Nichols is deferring entry into India because of a range of practical hurdles and regulations are putting the luxury department store off the market.
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NewsRetailers must innovate to compete, says Kingfisher boss
Retailers need to improve innovation in order to remain competitive, Kingfisher chief executive Ian Cheshire told delegates at The Cloud Retail Week Conference today.