More on Me + Em – Page 2426
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OpinionLike-for-like obsession is misleading
Reading Neil Gillis’s column ‘The like-for-like masquerade’ got me thinking about the relevance of like-for-like measurements for retailers.
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OpinionA different mountain to climb
I’ll climb Everest for charity or die in the attempt, says Iceland chief Malcolm Walker
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AnalysisLess is more strategy pays off for Abercrombie & Fitch
After three consecutive years of negative like-for-like sales growth, which also included a period of nine consecutive negative quarters, US-based fashion chain Abercrombie & Fitch has reported like-for-like sales increased 7% in fiscal 2010.
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AnalysisChanging time at Peter Jones
Chelsea retail dowager Peter Jones is an example of how John Lewis is shifting its visual merchandising direction. John Ryan visits and talks to Robb Bloomer, manager, retail design.
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AnalysisGrowing sales and protecting customer data is not mutually exclusive
Online sales in the UK generated £58.8 billion in 2010, up eighteen percent year-over-year, according to the figures released by the UK online retail trade association IMRG.
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NewsMorrisons to double its female senior managers
Morrisons has committed to identifying future female business leaders and targeted to more than double its number of female senior managers by 2014.
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NewsZara expands online presence to further five countries
Fashion retailer Zara is to launch its next tranche of websites as it expands its online offering across a further five countries.
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Fressnapf turnover up 7.6% to £1.08bn
Pet care retailer Fressnapf has posted an annual turnover of €1.28bn (£1.08bn) for the 2010 fiscal year - an increase of 7.6% compared with the year before.Like-for-like sales grew by almost 2%. In its home market of Germany, Fressnapf posted a turnover of €874.7m (£736.9m), a 5.2% increase.In 10 other ...
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ICA operating profuit up 7.8% to £281.3m
Ahold’s Scandinavian division ICA’s full-year operating profit reached SEK2.92bn (£281.3m) in 2010, an increase of 7.8% on 2009. The retailer’s net sales for the full year amounted to SEK93.86bn (£9.04bn), down 0.8%. At constant exchange rates net sales rose 0.9%.In 2011, ICA will “have a laser-like focus” on its disappointing ...
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Borders files for bankruptcy protection
Borders has filed for bankruptcy protection, sunk by crushing debt and sluggishness in adapting to a rapidly changing industry.The 40-year-old company plans to close about 200 of its 642 stores over the next few weeks. All of the stores closed will be superstores, a Borders spokeswoman said. The company also ...
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Build-A-Bear revenue up 1.4% to £247m
Toy retailer Build-A-Bear Workshop reported total revenues increased by 1.4% to $401.5m (£247m) in its 2010 fiscal year. Excluding the impact of foreign exchange, net retail sales increased 0.1%.Consolidated like-for-like sales declined 2%, which included a 1.2% decrease in North America and a 5.5% decrease in Europe.Net income for the ...
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JC Penney to close underperforming stores
Mid-market department store retailer JC Penney has outlined plans to close underperforming stores, wind down its catalogue and outlet operations and consolidate its call centres.At the same time, the retailer announced that investor William Ackman will sit on the chain’s board. Ackman’s Pershing Square Capital Management along with Vornado have ...
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Blockbuster faces eviction from dozens of US stores due to unpaid rent
Blockbuster reportedly faces eviction from dozens of US stores where it has not paid rent, adding to the bankrupt company’s troubles. According to local press, four landlords have asked a bankruptcy judge to order immediate rental payment for 38 of the company’s stores.
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Woolworths H1 sales up 9.8%
Upmarket food and clothing retailer Woolworths reported group sales grew by 9.8% year-on-year in the first half ended December 26, 2010, along with positive margin development after more effective cost control. Pre-tax profit increased by 22.1% during the period. Food sales grew by 11.8%, while clothing sales were up 11.5%.In ...
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Carrefour's Promocash to be rolled out to 20 stores this year
Carrefour’s new Promocash concept is to be rolled out to some 20 stores this year following successful trials in Lille, Macon and Rouen, it is understood.The new Promocash concept emphasises fresh food and the non-food product offer and has a modernised wine cellar.Promocash has also enhanced its ecommerce offer, which ...
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PPR up 7.5% to £12.3bn
Luxury goods and retail company PPR reported total group revenue from continuing operations was up 7.5% to €14.6bn (£12.3bn) in the 2010 fiscal year, from €13.6bn (£11.5bn) in 2009.Recurring operating income was up 23.5% to €1.53bn (£1.29bn) from €1.24bn (£1.04bn) in 2009.
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NewsRetail sales growth slows sharply as prices rise to 1991 levels
The pace of retail sales growth slowed sharply in February as prices soared to 1991 levels according to the CBI.
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NewsTK Maxx parent to slow pace of growth in Europe as profits collapse
The parent company of TK Maxx and HomeSense is to slow its pace of growth in Europe in a bid to get back on track after a 52% fall in full year profits.