More on Me + Em – Page 1881
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OpinionComment: Boss Justin King rules over Sainsbury’s success
In posting a 6.2% rise in underlying pre-tax year-end profits, Sainsbury’s deflected some attention away from the rumours surrounding Justin King’s eventual departure.
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OpinionNick Bubb's Verdict: Sainsbury's - fresh food rather than fresh messages?
With no new news on trading/strategy to impart today with the final results and with the whole world obsessed with speculation that Justin King will soon leave, what would your PR advice have been to Sainsbury’s?
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AnalysisNext first quarter: What the analysts say
As Next reported a 2.2% sales in its first quarter despite the unseasonable weather, Retail Week summarises the City’s reaction to the update.
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NewsJack Wills overhauls its management team to prepare for growth
Fashion retailer Jack Wills is overhauling its top team with the appointment of five new directors to prepare the retailer for growth.
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AnalysisSainsbury's full year results: What the analysts say
Sainsbury’s has today reported a 1.4% fall in pre-tax profit to £788m for the year to March 16 while like-for-likes including VAT and excluding petrol were up 1.8%. Retail Week takes a look at the City reaction.
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NewsDavid Adams appointed acting executive chairman at Musto as boss steps back
Former Jessops chairman David Adams has taken the role of acting executive chairman at specialist sportswear retailer Musto.
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OpinionBlog: Sainsbury's boss Justin King has delivered the goods
Sainsbury’s boss Justin King has already been bombarded with questions about when he is leaving the grocer, and will undoubtedly face more throughout the day.
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NewsApril like-for-likes hit by early timing of Easter
April retail like-for-likes fell 2.2% against a 3.3% decline in the same month last year, as the early timing of Easter hit sales.
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NewsWhite Stuff hires former TK Maxx director as marketing boss
Quirky fashion retailer White Stuff has hired Julian Baker from STA Travel as its new marketing director.
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NewsMorrisons scraps chief executive Dalton Philips' bonus
Morrisons chief executive Dalton Philips has missed out on his annual bonus as the grocer’s directors paid the price for its underperformance.
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NewsFrench Connection hires new finance director from O2
Embattled fashion retailer French Connection has recruited new group finance director Adam Castleton from telecommunications firm O2.
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NewsNext sales up but retailer remains cautious as wages decline
Next overall sales were up 2.2% in the 14 weeks to May 4 driven by new store openings.
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NewsSainsbury's pre-tax profits dip while sales increase 4.3%
Sainsbury’s has reported a 1.4% fall in pre-tax profit to £788m for the year to March 16 while total sales excluding petrol were up 4.3%.
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News
Carrefour and Sabançi Holding to review joint venture
French retailer Carrefour and Turkish partner Sabançi Holding are to reorganise the governance of their joint venture.Sabançi, which was the minority shareholder, has increased its share capital in CarrefourSA by an additional 12% to 50.8%. Carrefour’s stake is 46.2%.
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News
Amazon plans distribution hub in Czech Republic
The US-based online giant has chosen the location over Poland because of the country’s modest wages and central European location, according to sources.The 1.1 million sq ft facility is expected to become operational this autumn.
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News
Edeka to invest in store modernisation
Co-operative retail group Edeka aims to invest E1.6bn (£1.35bn) in the modernisation and extension of its store network and retail infrastructure, said chief executive Markus Mosa. The investment is a 10% increase on 2012.In 2012 Edeka posted sales of E44.8bn (£37.73bn), up 3.8% on the previous year. Its net income ...
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News
Loblaws reports consolidated revenue increase
Loblaws, the country’s largest retailer, reported a 3.8% rise in consolidated revenue to C$7.2bn (£4.58bn) for the first quarter ended March 23. The retailer’s net profit rose 40.2% to C$171m (£108.7m). Overall retail sales rose 3.4% while like-for-likes increased 2.8%.Executive chairman Galen Weston said: “Greater assortment and an improved in-store ...
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News
Alon Holdings Blue Square records revenue increase
Gross revenues of the country’s largest retailer, Alon Holdings Blue Square, increased 3% to ILS3.831bn (£692.6m) in the year ended December 2012.The Dor Alon convenience banner was the main driver of growth. Revenues from the supermarket business dropped 3.6%.
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NewsJustin King and Mark Price head strong Oxford Summer School line-up
Sainsbury’s chief executive Justin King and Waitrose managing director Mark Price are among an illustrious line-up set to speak at the Oxford Summer School.
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InterviewQ&A: Government should give town teams more guidance and incentives, says Mary Portas
Tonight the first episode of the long-awaited Mary: Queen of the High Street series airs on Channel Four following the developments of the Portas Pilot towns. Retail Week speaks to Mary Portas about the show and the impact of her recommendations to Government.