More on Me + Em – Page 2512
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News
Coles Group Q1 sales increase 4.9% to £4.5bn
Coles Group posted a rise of 4.9% in sales to Aus$7.49bn (£4.5bn) for its first quarter ended September 26. The retailer’s strong performance was attributed to lower prices and last year’s revamping of its fresh food areas. Growth rates at the chain proved to be outpacing larger rival Woolworths as ...
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News
Ikea aims to double stores in China
Ikea has said it aims to more than double the number of stores in China to 18 by 2015, from the current eight. As part of this plan, shopping centre construction company Inter IKEA Centre Group is to open its third mall in China, in Wuhan, Hubei province. IKEA China ...
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NewsFashion drives October sales growth
Retail sales in October were higher than the same month a year ago following a strong performance from fashion, according to the CBI’s monthly Distributive Trades Survey.
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NewsB&Q and Homebase voted worst online retailers
DIY giants B&Q and Homebase have been voted the worst online retailers in the UK.
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News
Five Stokes stores sold to Argyle Trading
The administrators of independent grocer Stokes has sold five stores to Argyle Trading.
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NewsRetail employment rises 2.1%
Retail employment was up 2.1% in the third quarter of the year, compared to the same period last year.
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NewsSales at Westfield London leap 31%
Sales at Westfield London, which celebrates its second anniversary this weekend, surged 31% in the most recent quarter and jumped 26% like-for-like.
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NewsOne New Change opens
One New Change, the new shopping centre in the City of London, open its doors to the public today.
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NewsHells Angels takes legal action against retailers and designer McQueen
Motorcycle club Hells Angels has launched legal action against three fashion businesses for using its logo without permission.
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NewsWalmart reconsiders terms of Massmart deal
Walmart may modify its offer to acquire South African retailer Massmart, meaning the Johannesburg company could retain a listing.
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NewsEnd of an era as Dunnhumby founders step down
The husband and wife founders of Dunnhumby, the data and marketing company fundamental to the success of Tesco’s Clubcard, are to step down.
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NewsGo Outdoors emerges as bidder for Blacks
Privately-owned specialist retailer Go Outdoors has emerged as a bidder for Blacks, Retail Week has learned.
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NewsJigsaw names new chief executive
Jigsaw holding company Kewsaw has appointed former Thomas Pink managing director Des Swan as group chief executive.
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NewsPrivate equity bids in for Office
PAI Partners, the private equity firm behind Spanish fashion retail giant Cortefiel, and T J Hughes investor Silverfleet Capital, have thrown their hats in the ring to buy footwear retailer Office, Retail Week can reveal.
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News
Nine more Stokes stores shut
Nine more branches of Stokes, the independent greengrocer that was put into administration last week, have been closed with a lost of 72 jobs.
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NewsSuits You in administration
Speciality Retail Group, the company behind 66-store menswear chain Suits You, has been bought by restructuring specialists GA Europe and put in to administration.
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NewsAhrendts salutes Burberry's 'style, structure and values'
Burberry chief executive Angela Ahrendts outlined the soft strategies the fashion retailer has focused on during the recession at the World Retail Congress in Berlin.
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News
Retailers neglecting succession planning
Only 17% of retail CEOs and board directors are actively engaged in succession planning, according to a report published today at World Retail Congress.
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OpinionFunding is out there, but only for the best deals
Funding is out there for deals involving large retailers with dominant market positions, but is still harder to come by for smaller deals and distressed situations, the World Retail Congress heard this morning.