More on Me + Em – Page 2526
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News
Ahold appoints Europe COO Dick Boer as CEO
Ahold has appointed Dick Boer as chief executive of the company, with effect from March 2011. He will succeed John Rishton, who is leaving to become chief executive of Rolls-Royce.Boer, who has been with the company since 1998, is chief operating officer of Ahold’s European division and member of the ...
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Couche-Tard drops pursuit of Casey's General Stores
Canada-based convenience store operator Couche-Tard has dropped its almost six-month-long pursuit of US convenience chain Casey’s General Stores. Couche-Tard said it had allowed its offer of $38.50 (£24.30) per share to expire - none of Casey’s common stock was purchased and all tendered shares will be returned promptly.“We have decided ...
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Kmart to expand own-brand portfolio with the introduction of new range
Sears-owned mass merchandiser Kmart has announced the expansion of its own-brand portfolio with the introduction of the Smart Sense line. The new private label includes a wide range of items from snacks and beverages to oral care, household cleaners and over-the-counter medications.According to the retailer, the Smart Sense line is ...
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News
Eroski posts decrease in turnover to £3.1bn
Eroski has posted a 1.05% decrease in turnover to €3.7bn (£3.1bn) for the first half ended July 31. Pre-tax loss for the period decreased 50% to €34m (£28m).The supermarket chain managed to cut its debts to €265m (£220m) and to keep its competitive position in the market via a reduction ...
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Walmart's Indian JV calls government to remove wholesale trading restrictions
Walmart’s Indian joint-venture, Bharti Walmart, has called for India’s government to remove restrictions allowing FDI-backed wholesale firms to sell no more than 25% of their total turnover to a group retailer.The latest relaxation in FDI rules by the government lifted restrictions on products being sold only for internal use. However, ...
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Lidl to acquire competitor Tengelmann's Plus discount stores in Bulgaria
Lidl has been given the regulatory go-ahead to acquire competitor Tengelmann’s Plus discount stores in Bulgaria.Following an investigation by the country’s competition commission, the authority concluded that the deal would not hinder competition in the retail market. Plus Bulgaria has been running 23 stores since October 2009, with a staff ...
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Hornbach records rise of 3.6% in sales for H1
Home improvement group Hornbach has reported a rise of 3.6% in sales to e1.66bn (£1.4bn) for the first half ended on August 31. Sales for the second quarter were up 6.5%.On a like-for-like basis, sales rose 0.8% in the first half and were up 3.7% in the second quarter. EBIT ...
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NewsSavers narrows losses
Value health and beauty chain Savers, part of the AS Watson Group, has narrowed its losses as it implements the second year of its turnaround.
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NewsAlliance Boots hires Home Retail director
Alliance Boots has hired a former director of Home Retail to work on commercial development.
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NewsPrada considers IPO
Prada is considering an IPO next year, the Italian house’s fifth flotation in ten years.
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NewsMoss Bros appoints Maurice Helfgott as non-exec
Moss Bros, the menswear specialist, has appointed retail investor Maurice Helfgott as an independent non-executive director.
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NewsAsda receives rebate from parent Walmart
Asda received a £115m rebate from its US parent which boosted profits but lifted its tax bill, according to figures filed at Companies House.
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NewsMulberry’s figures ‘exceeded expectations’
Luxury retailer Mulberry has said sales were stronger than expected in the 10 weeks to October 2, with like-for-like sales in its full price stores up 79%.
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NewsTed Baker pre-tax profits rise 25%
Quirky retailer Ted Baker saw pre-tax profits rise 24.6% to £7.5m for the 28 weeks to August 14.
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NewsHalfords profits to rise 12% but like-for-likes fall
Halfords is expecting to report group pre-tax profit up 12% in its first half, but like-for-likes were down 4.1%.
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NewsM&S UK like-for-likes climb 5.3%
Marks & Spencer has said customers are “returning to quality” as it reported like-for-like UK sales up 5.3% in its second quarter.
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News
Amazon launches first ecommerce storefront on Facebook for Pampers
Amazon has launched its first ecommerce storefront on Facebook, for nappy manufacturer Pampers. Under a ‘Shop Now’ tab on the Pampers Facebook page, people can buy nappies as well as other products from parent company Procter & Gamble (including Tide, Olay and Pantene products) through Amazon.Customers on the Pampers Facebook ...
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NewsSainsbury's reports like-for-likes up 2.9% in Q2
Sainsbury’s has reported like-for-like sales for its second quarter up 2.9% excluding petrol, with new stores, online and non-food all driving growth.
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NewsWiggle profits up 59%
Bikes etailer Wiggle has revealed that profits surged 59% to £7.1m in the year to January 31.