More on Me + Em – Page 1955
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NewsAmazon posts record entertainment market share as rivals eye HMV spend
Amazon outmuscled HMV in the run up to Christmas as it achieved a record market share, however the fight for the collapsed entertainment retailer’s share remains an “open ball game”, according to Kantar Worldpanel data.
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NewsPoor weather helps Mountain Warehouse post 19% rise in annual sales
The second wettest year on record helped sales at outdoor retailer Mountain Warehouse surge 19% to £75.1m in 2012 after seizing former Millets and Blacks market share.
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AnalysisWHSmith 20-week update: What the analysts say
WHSmith has once again generated profit through cost cutting despite posting like-for-like sales down 5% in the 20 weeks to January 20. Retail Week looks at analyst comment.
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NewsSainsbury's extends logistics contract with iForce
Sainsbury’s has extended its contract with logistics provider iForce.
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NewsIkea group profits jump as it lowers prices to boost sales volumes
Furniture giant Ikea’s group net profits jumped 8% to €3.2bn in the year to August 31 as the retailer benefitted from higher sales volumes and a focus on cost.
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NewsFortnum & Mason records profit slump after IT investment
Upmarket food department store Fortnum & Mason has reported a fall in annual profits as it was hit by IT problems in the run up to Christmas 2011.
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NewsFindel Group posts 10.2% sales increase in third quarter
Home shopping specialist Findel has posted a 10.2% increase in third quarter sales while group revenues are up 8.9% year on year in the calendar year to date.
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NewsWHSmith like-for-likes drop 5% but it delivers 'good profit'
WHSmith like-for-like sales dropped 5% for the 20 weeks to January 20, but the book and stationery retailer said it delivered a “good profit performance” during the period.
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NewsHMV receives 'substantial' interest from retailers for store estate
HMV’s store portfolio has received “substantial” interest from a range of retailers as the deadline for first round bids next week nears.
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NewsTrinity Leeds reaches 90% capacity with new retail signings
Yet-to-launch shopping centre Trinity Leeds has almost reached capacity after pre-letting 90% of its space, following new retailer signings to the one million sq ft scheme.
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News
Rakuten's Canadian Kobo ereader subsidiary exceeds market forecasts
Rakuten’s Canadian Kobo ereader subsidiary said it exceeded market forecasts during the second half of 2012.It sold more than 4 million devices during the six-month period, bringing its total number of registered users to 12 million.The company said ereader sales jumped by almost 150% in December, driven by market entries ...
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Casino reports sales growth
Casino has reported sales growth of 22.1% to e41.97bn (£35.25bn) in 2012, corresponding to a 4% organic rise (at constant consolidation and exchange rates).Fourth-quarter sales rose 3.2% to e12.9bn (£10.83bn). There was with an 8.5% rise for Casino’s international operations in Brazil, South America and Asia, compensating for a 2.2% ...
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Ahold records net sales increase
Ahold recorded an 8.5% increase in net sales to E32.8bn (£27.51bn) for its full year 2012. At constant exchange rates, sales were up 3.5%.In the fourth quarter, net sales rose 7.5% to E7.8bn (£6.54bn), and US sales advanced 4.3% to $6.1bn (£3.84bn). Sales in the company’s domestic market climbed 7.7% ...
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News
Leroy Merlin DIY group to invest in new stores
Adeo’s Leroy Merlin DIY group is to invest RUB15bn (£312.2m) to open 15 stores in the central regions of Russia.A pilot store will open in Tver by the end of January. The retailer will then plan the pace of openings in other cities.General manager Vincent Gentil told Russian newspaper Izvestia: ...
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NewsVince Cable rejects calls for Government to support retail
Business secretary Vince Cable has dismissed criticism levelled at the Government in the past week that more needs to be done to help support the retail sector following a series of collapses.
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OpinionBlog: Currys is making the most of Pinterest
Last year there was a huge buzz about Pinterest, hailed as the next big thing in social media.
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NewsLinks of London owner Folli Follie Group appoints new managing director
Links of London owner Folli Follie Group UK has appointed its chief financial officer Declan Delanty as managing director, replacing chief executive David Riddiford who has left the company.
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News
Whole Foods Market chief executive John Mackey faces backlash from customers
Whole Foods Market chief executive John Mackey faced a backlash from customers after he likened President Obama’s health care reforms to fascism.The comment was made during an interview to promote his new book when Mackey was asked about a 2009 article in the Wall Street Journal in which he had ...
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NewsThe Hut Group holds talks with Hearst Magazines to launch retail sites
The Hut Group is in talks with the publisher behind magazines Cosmopolitan, Elle and Esquire to create retail websites for its portfolio of brands.
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OpinionComment: Who and what is the nemesis of Amazon?
For the past few years I have been in equal measures alarmed and fascinated by the phenomenon we have been witnessing in the world of retail.