All Retail Week articles in March 22 2013 – Page 3
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OpinionComment: Tesco’s Price Promise scheme raises own-label debate
Battle lines have been drawn this week between Tesco and Sainsbury’s, with Justin King, blasting Tesco’s Price Promise scheme.
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News
Department store operator Myer reports solid first-half
Department store operator Myer’s first-half sales increased 1.7% to AUD1.73bn (£1.19bn) and 1.4% on a like-for-like basis.Net profit after tax edged up 0.7% to AUD87.9m (£60.4m).Myer chief executive Bernie Brookes said the business had delivered a solid first-half result, including a strong second quarter, which reflected a well-planned and executed ...
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NewsNext full-year profits soar 9% as new year gets off to slow start
Next pre-tax underlying profit jumped 9% to £622m over the year against a 3.1% sales jump, however, the new year has got off to a slow start.
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NewsFashion brand Ted Baker delivers "strong" full-year performance
Ted Baker delivered a 19.2% surge in pre-tax profit to £28.9m in what has been a “significant” year for the brand’s international development.
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NewsThe Co-operative Group reports 9.5% profit drop in its food business
The Co-operative Group has posted a 9.5% drop in underlying operating profits in its food division to £288m from £318m last year.
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NewsSofa retailer DFS refinances after strong first half
Sofa giant DFS has refinanced the business after it reported a 9.9% jump in EBITDA to £31.1m in the 26 weeks to January 26.
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NewsRetail sales volumes jump 3.3% in February, says ONS
Retail sales jumped 3.3% by volume year-on-year in February, according to the ONS, with department stores the star performer.
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OpinionComment: The Government must tackle the unfair business rates system
The Chancellor George Osborne seems to have ignored calls for a temporary freeze on business rates in this year’s Budget.
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NewsArcadia online order value rockets after personalisation improvements
Arcadia has increased its average online order value by 67% and the average number of products per order by 66% after it introduced personalisation software.
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AnalysisNext full-year results: What the analysts say
Next today reported pre-tax underlying profit jumped 9% to £622m last year but the new year has got off to a slow start. The City studied its balance sheet carefully.
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NewsHilco sole bidder for collapsed HMV as deal nears
Restructuring firm Hilco remains the only bidder in the frame for collapsed entertainment retailer HMV as its future looks to be determined in the next few days.
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NewsVideo: Trinity Leeds opening shows retail is 'alive and kicking', says Sir Stuart Rose
Former Marks & Spencer boss Sir Stuart Rose has said the opening of Trinity Leeds shopping centre today shows “retail is alive and kicking”.
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NewsVideo: Trinity Leeds is already a success, says owner Land Securities
As Trinity Leeds, the only major shopping centre to open this year, opens its doors, Retail Week speaks to owner Land Securities’ executive director Richard Akers about the scheme.
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NewsOnline, not stores, key to overseas growth, says Next boss
Next has shunned opening stores overseas in favour of pushing its online operation as it prepares to launch its Chinese website this year.
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NewsVideo: Retailers herald Trinity Leeds opening
Retail Week talks to store groups that have opened shops today at Trinity Leeds including Superdry, New Look and Mamas & Papas.
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OpinionRetail surgery: How are the upcoming changes to consumer rights going to affect retailers?
How are the upcoming changes to consumer rights going to affect retailers?
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OpinionRetail surgery: How can I improve supply chain visibility?
How can I improve supply chain visibility?
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AnalysisInternational analysis: Inditex wise to focus on existing markets
Inditex president Pablo Isla revealed last week that it will not be expanding internationally at the same pace as in recent years.
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AnalysisAnalysis: Is etailer Ocado the answer to Morrisons’ prayers?
Morrisons is the laggard of the big four grocers. Can a tie-up with etailer Ocado give it a much-needed fillip?
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News
French sports retailer Oxylane’s Decathlon to enter Austria
French sports retailer Oxylane’s Decathlon could buy Austrian retailer Sport Eybl to enter the country, according to reports in local trade magazine Format.The retailer has 52 Sport Eybl and Sport Experts stores in Austria, and is reportedly up for sale.