More on Me + Em – Page 2549
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AnalysisM&S to tap into Egyptian market with Cairo stores
Marks & Spencer has announced it is the latest international retailer to enter the Egyptian market. In the past decade, Egypt has experienced relatively strong economic growth and is a focus for global retailers interested in finding new markets.
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AnalysisBack to school for retail’s rising stars
The Oxford Summer School may be steeped in tradition but it is moving with the retail times
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OpinionTesco brings drive-though shopping across the Pond
Tesco’s drive-through shopping service comes as no surprise - Tesco is a great innovator (or very good at borrowing ideas from elsewhere) and we as a nation are following our chums across the Atlantic in expressing a liking for doing things in our cars.
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QVC to open New York pop-up store
TV shopping channel QVC is to open its first ever pop-up store in New York during fashion event Fashion’s Night Out. The store will open at 6pm on September 10 in the Rockefeller Center and will also broadcast live on TV on September 11 and 15.
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Meijer launches product locator app
Meijer has launched a product locator app called Find-it, built upon Point Inside’s mobile destination content platform. Shoppers will be able to see the location of more than 100,000 items in a Meijer store using their smartphones, eliminating the need to ask store employees where to find particular items. The ...
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Mercator sales up 3.2%
Mercator has reported sales of 1.33bn (£1.10bn), up 3.2% year-on-year.Its profit increased 57% to 18m (£14.7m). Mercator has invested about 45m (£37m) in the first half of the year, mainly in developing its retail network.
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Massmart like-for-likes up 2.6%
Retailer Massmart has published its full-year results to June 27. Group net sales amounted to R47.5bn (£4.2bn), representing growth of 10% year-on-year. Like-for-like sales increased by 2.6%.
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Shoprite full-year profits up 18.7%
Shoprite has revealed its full-year results to June, saying that group-wide sales increased 13.6% to R67.4bn (£5.9bn). Trading profit was also up 18.7% to R3.5bn (£308.2m).
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Magnit revenue up 31.84%
Food retailer Magnit has reported revenue grew 31.84% year-on-year to RUB103.66bn (£2.2bn). The growth was underlined by new store openings as well as like-for-like sales growth of 4.93%. Magnit’s hypermarkets outperformed supermarkets and neighbourhood stores, showing like-for-like sales growth of 14.16%.
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Matahari H1 sales reach £200m
Matahari has recorded total gross sales of IDR3.18trn (£200m) in its first-half, with operating income and net earnings reaching IDR391bn (£300,000).This solid sales performance is supported by 8.3% like-for-like sales growth from its department store business last year.
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Rewe sees potential for 150 Billa Box stores
Rewe Group chief executive Frank Hensel sees potential for up to 150 Billa Box convenience stores, Hensel has told Austrian daily Kurier. The first Billa Box pilot was launched last year in central Vienna, trading from 1,600 sq ft.
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Ahold Q2 net sales up 10.8%
Food retailer Ahold saw net sales in the second quarter of 2010 climb 10.8% to €7.1bn (£5.8bn) compared with the same quarter last year, up 4.4% at constant exchange rates.This was positively impacted by business acquisitions in the first quarter, mainly Ukrop’s in the US.
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Couche-Tard Q1 profits up 42.2%
Convenience store operator Couche-Tard reported a 42.2% profit rise for the first quarter ending July 18.The retailer also announced it is to acquire 10 stores from US-based retailer Compac Food Stores. The profit rise was attributed to higher merchandise and service sales, strong petrol margins and good cost control.
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NewsAsda’s George poaches top Marks & Spencer executive
Asda-owned fashion business George has poached top Marks & Spencer executive Nick Jones to be its merchandising, supply and sourcing director.
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NewsSnow+Rock snaps up Runners Need
Outdoor specialist Snow+Rock has bought running specialist Runners Need for an undisclosed sum.
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OpinionZara and H&M set to fight it out for online share
Zara’s move onto online is likely to generate a great deal of interest, which will include praise and criticism, as the world’s largest fashion group Inditex finally embraces the world of online.
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NewsTesco joins auction for Carrefour’s Asian shops
Food and hypermarkets giant Tesco is among the 10 bidders for French counterpart Carrefour’s south-east Asian assets.
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NewsH&M confirms Lanvin collaboration
H&M has confirmed its latest designer collaboration with French luxury fashion house Lanvin.
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NewsWorld Cup boosts Dixons sales
Electricals group Dixons Retail, owner of the Currys and PC World chains, has reported a good start to the year helped by the World Cup and demand for iPads.
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NewsMountain Warehouse deal values store group at £50m
Private equity firm LDC acquires stake in fast-growing outdoor gear specialist