More on Me + Em – Page 2415
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NewsNew plan for Leeds development anchored by M&S and John Lewis
Developer Hammerson has resubmitted an outline planning application to Leeds City Council for a 1 million sq ft scheme that was mothballed during the recession.
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NewsSuperdrug launches new shopfit as part of ‘take another look’ strategy
Superdrug is to unveil a new store format in southwest London on March 25 as part of its plans to encourage customers to “take another look” at the retailer.
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NewsJessops to open new store format in Birmingham
Camera retailer Jessops is to open a new store format in Birmingham at the end of the month.
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NewsFocus strikes deal to keep monthly rents
DIY group Focus has won agreement from most of its landlords to carry on paying monthly rents from the end of this month.
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NewsControversial asset-based refinancing tops up TJ Hughes
Value department store group TJ Hughes has refinanced using an asset-based facility rather than conventional borrowing.
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NewsJJB meets its shareholders ahead of fundraising plea
JJB Sports chief executive Keith Jones has visited the US to brief big shareholders in preparation for the retailer’s next round of fundraising.
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Asda gets the go ahead from OFT for Netto deal
The Office of Fair Trading has ruled that Asda’s acquisition of Netto will not be referred to the Competition Commission.
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NewsCarpetright shuts Ireland stores after steep sales fall
Carpetright has become the second high-profile UK retailer to close stores in Ireland over the past two weeks as retail sales continue to plummet in the country.
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NewsAlworths forced to close store during rent dispute
Uncertainty still surrounds the future of variety store group Alworths, which is undergoing restructuring and a likely change of ownership (Retail Week, March 4).
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NewsJohn Lewis expands online with international delivery
Retailer confident it can conquer US, Europe and Australia with ‘world class’ home product offer.
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NewsStores shorten Royal Wedding hours
Leading retailers are to remain shut on the morning of the Royal Wedding, Friday April 29, and others are considering whether to follow suit.
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NewsLittle relief in sight as stores sector stays flat
The stores sector was flat as a Shrove Tuesday pancake - perhaps a better performance than might have been expected as the latest BRC sales data showed the worst growth in almost two years.
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Dairy Farm sales rocket 13.2% to £5.6bn
Dairy Farm experienced a solid 2010 fiscal year as “favourable trading conditions persisted in its Asian markets”.For the year ended December 31, 2010 total sales, including those from associates, rocketed 13.2% to $9.1bn (£5.6bn). Net profit jumped 12.9% to $411m (£253m).Dairy Farm continued to expand organically and through acquisitions in ...
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Celesio underlines commitment to DocMorris store network
Pharmaceuticals distributor Celesio has underlined its commitment to developing the DocMorris store network, as well as front-end sales, in order to reduce its dependency on prescription drugs and the associated price regulations.Chief executive Fritz Oesterle said: “We target a balanced portfolio by 2015, when about half of our income will ...
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Exito launches new electricals format
Casino-owned Exito has launched a new format specialising in electronics.The banner, called Exito Tecno, opened in Bogotá and has a total sales area of 30,140 sq ft. It will offer computers, audio equipment, video games, large and small household appliances and musical instruments. Books, magazines, music and DVDs will also ...
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Family Dollar Stores' directors vote against sale
Family Dollar Stores has announced its board of directors has voted unanimously against a sale to the Trian Group, instead voting for the continuing implementation of the company’s strategic plan.The board felt both decisions were in the best interest of the shareholders. It also decided to adopt a shareholder rights ...
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Toys R Us Q4 net income plummets more than 10%
Toys R Us has reported that, despite stronger sales, net income during the fourth quarter dropped more than 10%, which the retailer attributed to a rise in income taxes.Net sales increased 2% to $6bn (£3.7bn), helped by new store locations including Toys R Us Express stores and comparable net sales ...
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Princesse Tam Tam opens new store concept in Paris
Fast Retailing-owned lingerie chain Princesse Tam Tam has opened a new store concept in Paris. The 645 sq ft store opened in the Rive Gauche district on the Rue de Sèvres.The store is equipped with light-coloured parquet floors and simple white walls, while video screens are dotted throughout the store. ...
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KF Gruppen sales drop 1.5% to £3.5bn
Supermarket group KF Gruppen reported consolidated net sales of SEK36.66bn (£3.5bn) for the financial year ended December 31 2010, a 1.5% decrease on fiscal 2009.Operating profit fell from SEK816m (£79m) to SEK628m (£60.8m). Net profit amounted to SEK112m (£10.8m), compared with SEK224m (£21.6m) in 2009.