More on Me + Em – Page 2545
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NewsShareholders approve Dixons name change
DSG International will revert to being called Dixons Retail after shareholders approved the plans at the electricals group’s AGM today.
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NewsBlackwell to shut HQ and hand power to stores
Academic books retailer Blackwell is closing its head office and decentralising power to its individual stores as it creates a new ownership structure.
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Dollar General Q2 sales up 10.8%
Fixed-price retailer Dollar General has reported a sales increase of 10.8% to $3.21bn (£2.07bn), for the second quarter ending July 30.Like-for-likes increased 5.1%, with customer traffic and average transaction amounts contributing to the like-for-like increases. Net income was $145.1m (£93.9m) for the second quarter, compared with net income of $93.6m ...
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NewsIkea eyes Reading for next store
Swedish furniture giant Ikea is preparing a planning application for a new store in Calcot, near Reading. It would be its first store opening in the UK and Ireland in more than a year.
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NewsSir Philip Green: Kate Moss collection ‘lost that edge’
Topshop boss Sir Philip Green has said that the young fashion chain’s collaboration with supermodel Kate Moss had “lost that edge” and its “purpose”.
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Falabella Q2 sales up 19.5%
Retailer Falabella has reported sales of CLP1.09trn (£1.22bn) for the second quarter ended July 31, 19.5% higher than in 2009.The main reason behind this increase in sales was believed to be the recovery in the levels of consumption in South America. profit reached CLP95.5bn (£124.7m), up by 67.2%. ...
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Auchan H1 sales grow 6.8%
Hypemarket operator Auchan has reported that sales grew 6.8% for the first half of 2010 to €20bn (£16.69bn), of which 54% was generated by its international operations. Group like-for-like revenue at constant exchange rates and excluding petrol sales increased 1%.Net profit from continuing operations came to €248m (£207m), up by ...
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South Africa’s Woolworths brings franchises in-house
Department and food store operator Woolworths has announced its intention to bring all franchise operations in-house in its home market. Woolworths chief executive Simon Susman said: “We have come to the conclusion that it is no longer in the best interests of Woolworths for us to operate a local franchise ...
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NewsFood inflation hits one-year high
Food inflation in August hit 3.8%, its highest level for a year, according to the BRC.
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NewsProfits fall at Thorntons
Chocolates specialist Thorntons has posted a fall in full-year profits despite making market share gains.
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Yamada Denki to open small rural stores
Japanese electronics market leader Yamada Denki has announced plans to open smaller stores in thinly populated rural areas in a bid to speed up expansion away from competitive urban centres.The retailer intends to open 10 such stores by early next year. They will have a sales area of about half ...
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M.Video H1 sales up 7%
Consumer electronics chain M.Video’s retail sales increased almost 7% to RUB41bn (£866m) for the first half of 2010.M.Video’s net profit more than doubled to RUB518m (£10.9m).The increase in net profit is due to lower financing costs during 2010. President and chief executive Alexander Tynkovan said: “Customers are feeling more positive ...
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Penny to invest £12m in new Romanian stores
Germany-based Rewe Group’s discount division Penny is to invest €15m (£12m) opening 10 stores by the end of 2010.The retailer has opened nine stores so far in 2010, each covering between 10,765 sq ft and 14,000 sq ft. In total, Penny has 108 stores in Romania, six of which are ...
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Emperia Holding H1 revenues up 5.5%
Polish grocer Emperia Holding reported solid revenue growth of 5.5% to PLN2,832m (£600m) for the first half ended June 30.Net profit amounted to PLN32.4m (£6.9m), up 2.5%.The growth in revenue was driven by a strong performance at its retail stores, whereas revenues from its wholesale businesses grew only marginally. During ...
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US Borders Q2 like-for-likes down 6.8%
Bookseller Borders has reported results for its second quarter ended July 31, 2010. Second-quarter sales were $526.1m (£340.4m), down 11.5% compared with the same period a year ago, with like-for-like sales slumping 6.8%. Borders.com sales rocketed 56.2% year on year, up to $15.5m (£10m).The company generated a loss from continuing ...
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NewsWHSmith buys Gadget Shop
WHSmith has bought gadget and gift etailer the Gadget Shop from toy specialist The Entertainer.
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NewsDebenhams launches surprise in-season Sale
Debenhams has launched a four day Sale Spectacular on new autumn stock, a highly unusual move for the department store.
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OpinionAspiration perspiration
Do shopping centres dedicated to aspirational brands work? The evidence suggests not.
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NewsTesco director Lucy Neville-Rolfe joins ITV board
Tesco corporate and legal affairs director Lucy Neville-Rolfe has joined the board of ITV, the UK’s biggest commercial broadcaster.
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NewsH&M proposes global employee incentive scheme
Swedish fashion retailer H&M is launching a major global employee incentive scheme to encourage staff and reward loyalty.