More on Me + Em – Page 2354
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NewsIn focus: Game
Despite enjoying an enviable position as the UK and Europe’s leading video games specialist, Game Group, subject of a Retail Week Knowledge Bank profile update, is suffering from falling sales and profits after both peaked in 2008/09.
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NewsBoots UK appoints joint chief operating officers
Alliance Boots health and beauty chief executive Alex Gourlay has appointed two chief operating officers to look after the day-to-day running of the Boots UK & Ireland business while he concentrates on future growth plans.
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NewsN Brown reshuffles Figleaves leadership team
N Brown, the home shopping group which owns lingerie etailer Figleaves, will not replace the role of chief executive vacated by Julia Reynolds and has reshuffled its senior management team to lead the business.
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NewsCity speculates on Abercrombie bid for SuperGroup
US retailer Abercrombie & Fitch may be interested in acquiring trendy fashion retailer SuperGroup, City speculators believe.
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NewsJohn Lewis fashion sales leap as prices cut
Department store chain John Lewis generated strong fashion sales last week as it price-matched rivals’ promotions.
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Rewe opens in Bavaria
Grocery retailer Rewe has opened its first Rewe Center store in Bavaria, which the company says could be a blueprint for the superstore format across the country.
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Ahold reports sales growth
Dutch retailer Ahold reported net sales up 5.9% in the first quarter of 2011 on the same period last year, up to E9.25bn (£8.2bn).
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Sephora receives antitrust clearance
French perfumery chain Sephora has received antitrust clearance to acquire 20% of United Europe Group, the majority owner of the Russian perfumery chain Ile de Beauté.
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Aeon plans China expansion
Japanese retail group Aeon expects to have a minimum of 2,000 stores in China by 2020
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NewsCity takes dim view of retailers’ mixed results
General retailers and grocers alike were down as a wide range of stores reported a mixed trading picture.
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NewsCarphone Warehouse targets tablets in bid for market share
Carphone spies opportunity to ‘tether’ tablets to mobiles in bid to seize share in fast-growing market
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NewsKing blames petrol prices for dip in spending
Sainsbury’s chief executive Justin King said the consumer environment is the toughest it’s been in his 28-year retail career, and warned that rising petrol prices are “punching a hole in customers’ budgets”
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NewsBird promoted as Wickes restructures
Travis Perkins-owned DIY chain Wickes is to hire a new managing director as incumbent Jeremy Bird is promoted to chairman across the building group’s retail businesses
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NewsMan sets up camp in HMV
At first glance this could be a bored HMV worker wiling his time away in a shop window.
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NewsGame sales decline prompts downgrades from analysts
Analysts slashed profit forecasts for Game this week as the retailer downgraded its revenue guidance in the face of a worse-than-expected decline in the games market
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NewsMajestic maintains its fizz despite flat market
Majestic chief executive Steve Lewis said it was “very much our time” as the wine specialist reported pre-tax profits up 26.6% to £20.3m in the year to March 28.
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NewsTed Baker mulls overseas push after 9% sales rise
Quirky fashion retailer Ted Baker has identified potential to open concessions in up to 40 El Corte Inglés stores after a successful 12-shop trial.
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NewsWaitrose kicks off online marketing campaign
Waitrose has today kicked off a marketing campaign for its online grocery arm as it gears up to take on Ocado within the M25.
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NewsBrantano back in black but 2011 set to be tough
Out-of-town family footwear retailer Brantano has returned to profit for the first time since 2005 but warned that the current year is “tougher”
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NewsUniqlo cuts its losses with 31% sales surge
Japanese fashion retailer Uniqlo’s UK arm dramatically cut its losses in its last financial year as it edged closer to the black.