More on Me + Em – Page 2458
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News
Matahari cancels Hypermarket sale and will expand the chain
Matahari has cancelled the sale of its hypermarket business, Hypermart, and will instead retain and expand the chain.The decision follows the final recommendations of a strategic review conducted by investment bank Merrill Lynch. It was also recommended that Matahari join with a global partner to expand the hypermarket division, and ...
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Future Group is to increase its focus on private brands to drive sales and margins
Future Group is to increase its focus on private brands to drive sales and margins across its formats.Business head of private brands Devendra Chawla said: “We would like to focus on private brands such as Fresh & Pure, Tasty Treat and Clean Mate rather than in-store labels that can only ...
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Silgro sales reach £1.9bn
Sales in 2010 at supermarket and food service business Sligro reached €2.3bn (£1.9bn), an increase of 1.2% on 2009.Total turnover comprised €1.55bn (£1.3bn) from the food service division and €738m (£613m) from food retail. €25m (£20.7m) of sales resulted from the acquisition of Sanders Supermarkten in the fourth quarter.
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US retailers issue mixed trading updates
Retailers have been issuing Christmas trading updates. Department store group Kohl’s reported total sales for the five weeks ended January 1 up 5.9% to $3.19bn (£2.05bn) over the comparable period the previous year. On a like-for-like sales basis, December sales increased 3.9%.Clothing retailer Limited Brands reported like-for-like sales up 5% ...
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Walmart in Brazil cuts prices of 2000 items by up to 20%
Walmart has adopted an EDLP pricing model at its Brazilian operations with immediate effect. Dubbed Preço Baixo Todo Dia, the introduction of the scheme resulted in the prices of 2,000 items being cut by up to 20%.Walmart has also ended its Bomclube loyalty programme in Brazil as part of the ...
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Galeries Lafayette Christmas sales rise 10%
Galeries Lafayette posted a sales rise of 10% on the year over the 2010 Christmas period. The Paris flagship store in Boulevard Haussmann recorded an increase of 17%, while sales at other stores rocketed 8%.
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Atlantic revenue plummets 47% to £182.6m
Supermarket group Atlantic has reported poor financial results for the first nine months of 2010. Revenues plummeted by 47% year on year to €220m (£182.6m).Sales from the retail stores amounted to €145.7m (£121m), while the wholesale operations generated revenue of €74.3m (£61.7m).
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Emke Group steps up investment in Bahrain to increase stores
Bahrain UAE-based Emke Group is to increase its investment in Bahrain to BHD200m (£341.2m) to expand its retail operations.The group, which recently opened its third Lulu hypermarket in Bahrain at Ramli Mall in A’ali, expects to add another 600,000 sq ft hypermarket in Hidd this year that will be the ...
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Harvey Norman to expand in Malaysia
Australia-based electronics retailer Harvey Norman is to expand in Malaysia and plans to open 20 stores in the Klang Valley in the next five years.The expansion will cost in the region of MYR100m (£20.9m) as it invests between MYR5m (£1m) and MYR10m (£2.1m) per store in the coming years.
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Seven & I revenue increases 0.2% to £29.6bn
Get the knowledgeSubscribers have exclusive access to Retail Week Knowledge Bank. Find out what you’re missing now.Seven & I reported a 0.2% increase in revenues to ¥3,826bn (£29.6bn) for the nine months ending November 30, 2010.The convenience store division showed the best growth, with sales rising by 4.2% and operating ...
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NewsTesco starts selling tyres
Tesco is moving into the car parts trade when it launches a tyre-selling service online next month.
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NewsBomb threat disrupts London's West End
Part of London’s West End was cordoned off this morning after a man broke into the Accessorize store on Regent Street last night and threatened to blow himself up.
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NewsAnthropologie launches footwear in UK
US womenswear and homewares retailer Anthropologie is launching its first footwear department in Europe in its Kings Road store, London.
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NewsFashion brand Oli merges with Freemans
Fashion etailer Oli has merged with online department store Freemans.
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NewsGame like-for-like trend improves over Christmas
Game UK & Ireland like-for-likes have improved over the Christmas period, declining 0.5%.
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News
Thorntons sales melt in cold weather
Thorntons, the specialist chocolatier, reported like-for-like sales down 5.9% in company-owned stores over Christmas as the snow kept shoppers away.
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NewsHalfords retail sales plunge as bike sales slow
Halfords’ retail like-for-like sales plunged by 6.6% over its Christmas trading period as bike sales plummeted and full-year profits will be at the low end of expectations
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NewsJacques Vert festive sales rise 1.9%
Jacques Vert, the womenswear group which includes brands Jacques Vert, Windsmoor, Planet and Precis, delivered a like-for-like sales rise of 1.9% in the 11 weeks to January 8.
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NewsDixons sales suffer as snow takes toll
Electricals market leader Dixons, owner of Currys and PC World, reported a 4% fall in like-for-likes at its core UK business over Christmas.
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NewsSainsbury’s open first sandwich shop
Sainsbury’s has opened its first sandwich shop this morning in Fleet Street, nearby to its Holborn head office.