More on Me + Em – Page 2439
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NewsSuperGroup buys European franchisee to push international growth
SuperGroup has acquired the leading global franchisee of its Superdry brand CNC Collections BVBA (CNC) to push international expansion.
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Impact Retail files for bankruptcy
Consumer electronics specialist Impact Retail has filed for bankruptcy. A note on its website states that an administrator will be appointed by a court, with the aim of examining possibilities for the future of the retailer.All 118 of the retailer’s stores have been “provisionally closed” while ecommerce activities have been ...
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RadioShack chief executive to retire in May
The chairman and chief executive of electronics retailer RadioShack, Julian Day, will retire in May after nearly five years.He will be succeeded as chief executive by current chief financial officer Jim Gooch, who was immediately promoted to president.Day led an overhaul of RadioShack operations that helped streamline the business while ...
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Cumberland Farms opens its first drive-thru store
Cumberland Farms has opened its first drive-thru store, at an existing convenience store in Kingston, Boston.The convenience store retailer said a “wide variety” of the 3,000 items sold at the store were available at the drive-thru window, including groceries and staple goods.The store has been opened on a pilot basis ...
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Netflix Q4 revenue rises 34% to £386m
Netflix has reported a 52% rise in net income to $47.1m (£31m) in the fourth quarter ended December 31, with revenues rocketing 34% to $596m (£386m).During the period the company had a gain of 3 million subscribers, up to a total of 20 million end users. This represents a 63% ...
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Landmark Group opens its first Spar hypermarket in northern India
Dubai-based Landmark Group has opened its first Spar hypermarket in northern India, with the inauguration of a 74,000 sq ft store in Delhi.The opening of the new store at Pacific Mall in west Delhi brings the total number of Spar hypermarkets in India to four.By the end of fiscal 2012 ...
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NewsHMV investor Mamut mulling shake-up of business
HMV shareholder Alexander Mamut, the Russian oligarch who has been building up his stake in the business, has appointed Credit Suisse to advise him on options for the embattled retailer.
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Disney to open first store in China by mid-2012
Disney Stores is planning to open its first store in China by mid-2012.The company said its strategy would be to secure locations in upscale shopping centres and department stores, where it will open Disney Stores similar to those in Europe and North America.Disney Stores did not say how many stores ...
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NewsFrench Connection pre-tax profits expected to soar
French Connection’s full year pre-tax profit is expected to soar as a result of a strong performance in wholesale, licensing and a good control of overheads.
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NewsSnow + Rock appoints Neil McCausland as non-exec chairman
Outdoor specialist Snow + Rock has appointed Neil McCausland as non-executive chairman.
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NewsBuyers size up HMV
Entertainment retailer back on private equity’s radar after poor trading raises prospect of a break-up
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NewsAlexon takes a step in right direction
Womenswear group Alexon generated a big like-for-like sales rise over Christmas but brokers were split about the message on profitability.
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NewsNomura kicks off food coverage with Tesco tip
Broker Nomura has begun coverage of food retailers with Tesco as a key stock pick.
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NewsGrocers slow as discounters return to form
The grocery sector slowed last month in the four weeks to January 23, when the hard discounters returned to form in what was a tough consumer climate.
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NewsOcado makes first quarterly profit as it bids to grow range
Online grocer Ocado has promised to focus on value, range and quality after it reported its first pre-tax profit of £300,000 in its fourth quarter.
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NewsIn Focus: Edinburgh Woollen Mill
Edinburgh Woollen Mill, whose Retail Week Knowledge Bank profile has been updated, is an example of a maturing retailer that has been evolving against a background of market vagaries. Despite its diversification being questioned, it seems to be paying off.
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NewsTakeover talks reflect tough week for stores
Plunging consumer confidence, signs of slowing trading at bellwether department store group John Lewis and a Carpetright profit warning meant general retailers were left on the shelf by investors.
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NewsKingfisher’s trade chain Screwfix opens up to public with showroom
DIY giant Kingfisher’s trade chain Screwfix is to trial a standalone bathroom store, called Watersmith.