More on Me + Em – Page 1912
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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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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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OpinionComment: Trinity Leeds opening is a welcome boost for retail
The opening of Trinity Leeds today is welcome news for the UK retail property market. Despite the economic gloom, retailer demand for space in the 1 million sq ft shopping centre has been impressive.
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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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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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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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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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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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News
BIM reveals details of imminent entry into Egypt
Turkish hard discounter BIM has revealed details of its imminent entry into Egypt.Speaking to the Financial Times, BIM chief financial officer Haluk Dortluoglu said the retailer intends to source 80% of its range from local small and medium-sized businesses.“We’ll use a similar concept and layout [to Turkey], carrying 500 to ...
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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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News
Bharti Walmart puts Indian expansion on hold
Walmart’s joint venture in India, Bharti Walmart, has put its expansion plans on hold as a result of an anti-bribery probe into the grocer’s investments and operations in the country.A Bharti Walmart spokeswoman said: “There had been some delays in store openings as the company developed and implemented enhanced procedures ...
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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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OpinionComment: Private companies prosper at Oracle Retail Week Awards
Entries for two thirds of last week’s 18 Oracle Retail Week Awards came from the contenders themselves.
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AnalysisTesco’s acquisition of Giraffe: What do retailers need to know?
Last week Tesco snapped up restaurant chain Giraffe. So what are its plans for the group, and are more acquisitions on the cards?
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AnalysisAnalysis: Trust, talent and insight at Retail Week Live 2013
Retail Week Live addressed the issues facing retailers today and the opportunities of the future. Here are the key themes.
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GalleryIn pictures: Trinity Leeds shopping centre opens for business
Trinity Leeds, the only major UK shopping centre to launch this year, has opened for business this morning in Leeds city centre.
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News
Superdrug to stock Ann Summers sex toys in-store
Health and beauty retailer Superdrug is to start stocking Ann Summers sex toys in its stores as the erotic retailer becomes more mainstream.
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NewsBluewater strikes O2 deal to enhance customer experience
Bluewater has struck a deal with mobile phone operator O2 aimed at digitally enhancing consumers’ physical shopping experience in Kent shopping centre.
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NewsFair Rates For Retail campaign for business rates marches on
Retail Week has not given up the fight to get a fairer business rates system for retailers despite the Chancellor George Osborne shunning the sector in his Budget announcement today.
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OpinionComment: Is there such a thing as a ‘perfect’ retailer?
Times are tough for UK retailers so it’s all too easy to focus on failure but we mustn’t forget there are still some big successes.