All Retail Week articles in May 11 2012 – Page 2
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News
X5 Retail Group appointed new format director
Grocer X5 Retail Group has appointed Frank Michael Mros as format director of discounter Pyaterochka. Mros has over 18 years of retail experience in Europe, previously serving as managing director of Schwarz Group-owned Lidl in Germany. He also led Lidl’s entry into Eastern Europe and was managing director of Lidl ...
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AnalysisHow to survive administration
In the past few years a raft of formerly big names have been bought out of administration. Can these businesses be saved, or is it just delaying the inevitable?
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NewsPoundland celebrates Jubilee with bargain crown
Diamond Jubilee parties need not cost the Crown Jewels as Poundland gets ready for the celebrations with its royal selection of Union Jack-inspired decorations.
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GalleryJohn Lewis: New-look beauty hall
John Lewis Oxford Street’s new beauty department is an exercise in brand promotion while remaining a branded house.
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News
Grocer Casino sells real estate stake
Grocer Casino has sold 9.8% of its stake in its real estate subsidiary Mercialys via an equity swap with French bank Crédit Agricole, generating E138m (£112.1m).It followed Casino’s disclosure in early February of its plans for Mercialys, in which the retailer would decrease its holding in the property company in ...
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News
First-quarter sales increase for Publix
Grocer Publix’s first-quarter sales rose 4.2% to $7.1bn (£4.4bn), up from last year’s $6.8bn (£4.2bn). Like-for-like sales increased 3.3% while net earnings climbed 2.8% to $409.4m (£253m) compared with $398.2m (£246.2m) in the same period in 2011.Publix currently operates 1,051 stores in Florida, Georgia, South Carolina, Alabama and Tennessee.
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News
Net sales at Metro rise
Metro’s net sales were up 2.2% to E15.6bn (£12.7bn) in its first-quarter ended March 31. In local currency, sales came in 2.6% above the prior year level. There was a calendar effect benefit but an EBIT loss of E9m (£7.3m) following a profit of E142m (£115.5m) in the prior year ...
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NewsSainsbury's profits rise as it takes record market share
Sainsbury’s has claimed its biggest grocery market share in nearly 10 years and posted a rise in full-year profits.
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AnalysisAnalysis: Brand Match has helped, but where next for Sainsbury's?
Sainsbury’s flagged the success of Brand Match, the coupon at till initiative it rolled out in November, as an important contributor to its success as it unveiled full-year figures.
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NewsCarphone Warehouse like-for-likes fall 5.5% in fourth quarter
Carphone Warehouse Europe like-for-likes dropped 5.5% in the 13 weeks to March 31.
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NewsClinton Cards to collapse into administration
Clinton Cards has suspended its shares on the Stock Exchange and is on the point of collapse after its largest supplier American Greetings acquired the retailer’s debt from its banks last night.
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NewsWet weather leads to April retail sales washout
Retail sales were washed out last month as the wettest April on record took a heavy toll, according to the BRC-KPMG Retail Sales Monitor.
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NewsEBay Fashion launches colour matching app
EBay Fashion has updated its app for the iPhone to feature Image Swatch technology which allows shoppers to find items that match the colour or pattern of images they scan in.
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NewsShop Direct to close two customer service centres in outsource move
Shop Direct, which operates brands including Littlewoods and Very, has outsourced its customer service operation in a move which could see two of its four contact centres close.
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AnalysisClinton Cards: Who is American Greetings?
Clinton Cards this morning suspended its shares on the Stock Exchange and is on the verge of collapse after its largest supplier American Greetings acquired the retailer’s debt from its banks last night. But who is American Greetings?
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NewsNew Look close to deal on debt terms
Fashion retailer New Look is poised to take another step forward in its refinancing, it is understood.
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OpinionNick Bubb's verdict: The demise of Clinton cards
High street retailers that are losing money and have a lot of debt need the support of their banks, their suppliers and their landlords to keep going.
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NewsReiss hires ex-Cocosa boss Milligan as trading director
Reiss has hired former Cocosa managing director Gwynn Milligan to the newly-created role of trading director.
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NewsClinton Cards folds into administration, 8,000 jobs at risk
Struggling greetings card retailer Clinton Cards has collapsed into administration, putting around 8,000 jobs at risk as store closures look imminent.
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NewsBetter Capital says changes will rejuvenate Jaeger
Premium fashion retailer Jaeger’s new owner Better Capital is focusing on tackling logistics issues to put more stock into stores as it seeks to conclude a business review of the retailer by the end of the summer.