More on Me + Em – Page 2520
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OpinionRetail surgery: It’s expensive to use a lot of product imagery and video on our website. What should we do to maximise sales?
It’s expensive to use a lot of product imagery and video on our website. What should we do to maximise sales?
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AnalysisRewarding staff: In it for the long haul
Rewarding staff who help a company perform in the long term has its benefits
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AnalysisWord of mouth marketing: good or bad?
Word of mouth marketing is claimed to be the coming thing, but can this powerful tool do as much ill as good?
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GalleryHyundai department store Ilsan, Seoul
The newly-opened Hyundai department store in Ilsan, just outside Seoul, is the kind of thing that you just don’t see in Europe or North America these days. This is 430,000 sq ft of retail space, organised over 10 floors, with everything from a supermarket and deli in the basement, to ...
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GallerySainsbury’s goes supersize
Sainsbury’s has opened its largest store to date, but does bigger mean more for the shopper? John Ryan visits the new store in Crayford
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AnalysisTaking the right approach at store manager conferences
Store manager conferences can be a powerful business tool to motivate as well as reward if the right approach is taken
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AnalysisQuality takes upper hand in value battle
Customers are redefining value and ‘returning to quality’. So what does the future hold for discount retailers?
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AnalysisCard payment system failures
Up to 20 retailers were affected by a failure of Barclaycard’s payment systems. But how did it happen and where does the responsibility lie?
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OpinionPrivate equity is shopping for retail deals
So far this year there have been 11 private equity-backed retail deals, representing more than 10% of all private equity transactions in 2010 and the third biggest sector focus after computer services and support services.
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AnalysisMichael Ward
The Harrods managing director has successfully worked alongside Al Fayed to increase the retailer’s profit 40%.
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OpinionPrice alone not enough for value specialists
One of the many things we’ll miss about Sir Stuart Rose when he retires next year is the frequency with which he says “value is a function of price times quality”. Never has that been truer than today.
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OpinionTimes have changed, so must we
Rising costs and our failing ability to pay them means retail must change, says Neil Gillis
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OpinionHistory repeating itself at M&S
Marks & Spencer chairman Sir Stuart Rose could be forgiven for feeling he is experiencing a bittersweet groundhog day.
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AnalysisTurkish hard discounter BIM one to watch out for
This week, Turkish hard discounter BIM’s CFO Haluk Dortluoglu said he saw great potential for rolling out its no-frills concept to other markets in the region.
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News
Seven & I Holdings profits rise 91% in Q2
Convenience store owner Seven & I Holdings reported net profit rose 91% in the second quarter ended August 31 compared with the previous year, thanks to the strong performance of its convenience stores and the unusually hot summer. The company reported a net profit of ¥38.13bn (£292m) compared with a ...
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Fast Retailing expects profits to fall next year as global competition toughens
Fast Retailing expects its profits to fall next year as global competition toughens. The Japanese company said it expected operating profit to fall 14.3% to ¥113.5bn (£869m) for the year to August 2011, despite managing a 21.9% increase in operating profit in the year to August 2010. The company said ...
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South Korea parliament considers limits on supermarket business
The country’s parliament is considering two bills that would impose restrictions on the opening and business of large supermarkets. Under one bill, currently passing through parliament, opening an urban supermarket with an area of between 10,760 sq ft and 32,290 sq ft would require permission from the local government. ...
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Costco annual sales hit £47.78bn
Grocery retailer Costco has reported net sales hit $76.25bn (£47.78bn) for the full year ended August 29, up 9% on the previous year. Like-for-like sales rose 4%, with the US up 2% and international up 8%. Costco currently operates 573 warehouse clubs, including 417 in the US and Puerto Rico, ...
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99¢ Only Stores Q2 sales increase 2.7%
Discount chain 99¢ Only Stores recorded a 2.7% increase in sales during its second quarter to $334m (£209m). Like-for-like sales grew by 0.6%. During the second quarter the company opened four stores and closed one. CEO Eric Schiffer commented: “We believe that we will have a strong holiday season, and, ...