More on Me + Em – Page 2112
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News
Future Group to sell stake in Future Capital Holdings
Multi-format retailer Future Group is to sell its stake in Future Capital Holdings (FCH) to private equity firm Warburg Pincus. As part of the transaction, Pantaloon Retail and its subsidiary Future Value Retail will sell their stake in FCH to Cloverdell Investment Limited, an affiliate of Warburg Pincus.V Vaidyanathan, vice-chairman ...
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News
Billa plans store expansion and modernisation
Rewe Group’s supermarket division Billa has earmarked e300m (£255m) for store expansion and modernisation over the next two years. The current rate of 35 refurbishments per annum in Billa’s home market will be increased.Since 2006, when the modernisation programme began, about half of its 1,000 stores have been revamped, costing ...
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NewsTed Baker looks to the Far East for overseas growth
Ted Baker’s expansion into the Far East is likely to be a “game changer” for the fashion retailer, according to analysts.
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OpinionBacking the mould-breaking retailers of tomorrow
The issues facing the retail industry are well known. Consumers are spending less, demanding greater convenience, shopping online and are increasingly value savvy.
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AnalysisAnalysis: Deal wrapped up at Clinton Cards but tough work lies ahead
Clinton Cards’ new owner American Greetings will have to make radical changes to return the retailer to profitability.
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OpinionRetailers follow in Amazon’s footsteps
Supermarket group Sainsbury’s surprised on Tuesday, a day ahead of its quarterly update, with the acquisition of Anobii, an ebooks service and social network for book lovers.
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NewsAmerican Golf returns to profit as new boss starts
Golfing specialist American Golf returned to profit in its full year. The figures were released as new chief executive former Best Buy UK marketing director Kevin Styles, took up his role.
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NewsTesco and Dobbies plan first joint store
Tesco and Dobbies have submitted plans for their first joint store.
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NewsWellworths entrepreneur leaves business
The entrepreneur behind Wellworths, the chain launched in the wake of Woolworth’s demise on one of its former sites, has left the business to set-up RRP UK, a consultancy to help other aspiring retailers.
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NewsTopps Tiles to reveal new store design in Milton Keynes
Topps Tiles unveils its new flagship store in Milton Keynes on Saturday, showcasing a more creativity-led interior design store.
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NewsPortas: 'Pilot towns have my backing whether they feature in TV show or not'
High Street campaigner Mary Portas has pledged her continued support for all 12 Portas Pilot town centre improvement schemes, whether or not they feature in her TV show.
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NewsPortas acts on 'gagging' clause concerns
Mary Portas has asked TV production company Optomen Television to review its contracts with local businesses in Margate after concern over restrictions on retailers.
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AnalysisHead to head: How the big four grocers are performing
The grocery market continues to be ferociously competitive with all of the Big Four winning shoppers from each other. But how do they compare?
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AnalysisJD Sports: What the analysts say
The City gives its view on JD Sports’ update and whether growing losses from Blacks will affect its share price.
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News
Multichannel to be centre of strategic plan for Leclerc
Hypermarket business Leclerc said multichannel would be at the centre of its strategic plan, ‘Leclerc 2015’.Stores will feature a specialist offer and organise products into departments to support its drive-in stores or pick-up locations. By 2015, Leclerc will develop new product offers: it forecast that non-food, in its present form, ...
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News
Grocer ITM reports like-for-like revenue growth
Grocery retailer ITM (Intermarché) has, after several years of struggling sales, reported like-for-like revenue growth of 3.1% to e19.2bn (£16.3bn) excluding fuel for the 2011 financial year. Like-for-like sales in the first four months of 2012 rose 7.9%.ITM’s hypermarkets outperformed its supermarkets in 2011, delivering a 3.9% uplift in sales, ...
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News
Grocer Migros to roll out self-scanners
Grocer Migros is to roll out self-scanning with mobile devices across the country next year. The retailer has been testing mobile scanning with technology from Motorola since 2011, as well as stationary self-checkouts.While mobile self-scanning has been tested at two stores, stationary self-checkouts have been installed at three; both options ...
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News
Toys R Us reports net loss of $60m
Toys R Us reported a net loss of $60m (£39m) for the quarter ended April 28 compared with a loss of $67m (£43m) a year ago, despite a 0.9% drop in sales, thanks to margin improvements and cost controls. Net sales totalled $2.6bn (£1.7bn), hit by a decline of 5% ...
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NewsThe Co-operative electrical sales rise sparked by revamp
The Co-operative’s electrical sales have rocketed after the mutual lowered prices and revamped a third of its departments.
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NewsBlacks losses will hit £10m this year, says JD Sports
Blacks losses will hit £10m this year according to its owner JD Sports, as group like-for-likes edge up 1.5%.