More on Me + Em – Page 2435
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NewsRoyal wedding bank holiday to hit store costs
Leading retailers face higher staff costs due to this year’s extra bank holiday for the Royal Wedding.
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NewsThe Body Shop builds up top team with promotions
Ethical cosmetics retailer The Body Shop has strengthened its executive committee with a number of internal promotions.
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NewsWade-Gery hiring ‘shows M&S is thinking ahead’
High-profile appointment being interpreted as succession planning by chief executive Marc Bolland
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News‘Morally indefensible’ Portas show slammed
One of the best-known names in the furniture industry has hit out at retailer-turned-TV personality Mary Portas, accusing her new series Secret Shopper of being “morally indefensible”.
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Yamada Denki sales soar 11.5% to £12.2bn
Consumer electronics retailer Yamada Denki said sales soared 11.5% to¥1.66trn (£12.2bn) in the nine months to December 31.Operating profit increased by 77.7% to ¥97.6bn (£720m), while net profit rocketed 75.6% to ¥61.9bn (£456m).
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Blockbuster to add 3,000 Express DVD rental kiosks this year
Blockbuster is planning to add 3,000 Express DVD rental kiosks during 2011, despite closing stores and filing for Chapter 11 bankruptcy protection.Blockbuster Express owner NCR estimates that it will generate about $200m (£130m) in revenue in a single year from its kiosks and says it plans to reposition kiosks that ...
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Borders intends to stay in business
Entertainment retailer Borders said it fully intended to stay in business, despite widespread reports that it may be preparing a Chapter 11 bankruptcy filing.Bloomberg News had reported that the company could file for bankruptcy protection within days and would seek to close at least 150 stores. Borders said that it ...
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CVS revenues up 3.1% to £9.6bn
Pharmacy retailer CVS has reported revenues in its retail drugstore segment up by 3.1% to $14.9bn (£9.6bn) in its fourth quarter to December 31, as like-for-like sales rose 1.7%.The retailer’s pharmacy benefit management arm, however, experienced a revenue decline of 9.7% due to the termination of several large client contracts.President ...
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Gap names Art Peck as new president of Gap North America
Gap has named Art Peck its new president of Gap North America, effective immediately. Peck previously handled corporate strategy and oversaw the outlet division.He succeeds Marka Hansen, who has led the Gap brand in North America since 2007. Meanwhile, Pam Wallack, the current president of Gap Adult North America, will ...
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JC Penney to launch The Foundry Big & Tall Supply Co
JC Penney has announced plans to launch a new retail concept catering to the big and tall male customer.The chain will trade under the banner The Foundry Big & Tall Supply Co and will carry branded apparel and accessories as well as its private-label and exclusive merchandise. The stores will ...
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LVMH jumps 19% to reach £4.6bn
Luxury goods and specialist retailer LVMH’s retailing arm recorded revenue growth of 19% in 2010 to reach E5.4bn (£4.6bn), and posted a profit of E388m (£332m), up 38% on 2009.Travel retail operator DFS posted a strong performance attributed to the rise in international travel, notably among Asian tourists.Beauty chain Sephora ...
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Kesko net sales rise 3.9% to £7.5bn
Retail group Kesko has reported a net sales rise of 3.9% to E8.8bn (£7.5bn) for 2010, with operating profit nearly doubling to E268m (£230m).In Finland, net sales increased by 4.3% and in other countries by 2.2%. International operations, which include Scandinavia, Baltics and Russia, accounted for 16.7% of net sales. ...
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Deichmann sales climb 12.5% to £3.37bn
Shoe retail specialist Deichmann Group experienced a sales climb of 12.5% during the 2010 financial year, reaching E3.93bn (£3.37bn).The retailer said this was the biggest growth rate for 20 years. At Deichmann’s various banners in Germany sales were up 8%, or 4.8% on a like-for-like basis.
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NewsMorrisons considers kidswear range
Morrisons is understood to be weighing up offering a kidswear range as part of chief executive Dalton Philips’ development plans.
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NewsAsda hits back in row over price guarantee
Asda marketing chief Rick Bendel is confident the advertising regulator will dismiss rivals’ complaints about its 10% cheaper guarantee.
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Bharti Walmart to open 12 new Best Price Modern Wholesale stores by March 2012
Walmart’s Indian joint venture operation Bharti Walmart is planning to open 12 new Best Price Modern Wholesale stores by March 2012, in a move away from its cautious expansion strategy.The group expects to ramp up the rate of expansion and open “more than 12” stores in 2013.Managing director and chief ...
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AnalysisStamping out online fraud
Total online fraud losses have dropped in the past two years with a raft of new security measures to prevent card-not-present fraud. Liz Morrell asks if the trend will continue
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AnalysisSecurity staff: The necessary force
The issue of appropriate force against violent customers is a thorny retail issue. Joanne Ellul looks at where store staff should draw the line
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