More on Me + Em – Page 2563
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News
CVS to roll out Redbox DVD rental kiosks
Drugstore operator CVS will roll out Coinstar’s automated Redbox DVD rental kiosks at locations across its mainland US, Puerto Rico and Longs Drug outlets in Hawaii. The roll-out, which follows a successful pilot programme, will start this quarter with about 700 installations by the end of this year and is ...
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News
Barnes & Noble considers sale
Barnes & Noble’s board of directors is to consider selling the company as part of an evaluation of strategies to increase stockholder value. The board believes the retailer’s shares are significantly undervalued.Evaluating strategic alternatives will be overseen by a committee of four independent directors who will make recommendations to the ...
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News
Burlington Coat Factory announces sales rose 4% to £456m in Q2
Burlington Coat Factory has announced that net sales for its second quarter ending July 31 rose 4% to $728.8m (£456m). Like-for-like sales increased 0.3% for the quarter. Chief executive Tom Kingsbury said: “We are pleased to report our second consecutive quarter with a positive like-for-like sales performance, which contributed to ...
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News
Whole Foods Market reports net income rocketed 53.5% in Q3
Whole Foods Market reported net income rocketed 53.5% to $65.7m (£41.1m) for its third quarter. Total sales increased 15% to $2.2bn (£1.4bn), while like-for-likes were up 8.8%. Whole Foods also boosted sales through a focus on opening smaller stores. Co-chief executive Walter Robb said: “We know that the economy is ...
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News
Grupo Pão de Açúca to roll out Extra Supermercado fascia
Grupo Pão de Açúcar is to convert 170 CompreBem and Sendas supermarkets to a new fascia Extra Supermercados, by the end of 2011. 16 stores have already been converted, comprising 10 CompreBem in São Paulo and six Sendas in Rio de Janeiro.The retailer plans to convert 61 stores by the ...
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News
SM Investments' records retail division profits up 25% to £39m
Supermarket and department store operator SM Investments reported its retail division’s profits were up 25% to PHP2.8bn (£39m) in the first half. The growth was attributed to increased operational efficiency and economies of scale resulting from expansion. Total sales were up 12% to PHP63.4bn (£883m). President Harley Sy said: “We ...
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NewsM&S kicks off nationwide student collaboration initiative
Marks & Spencer has teamed up with the Royal College of Art (RCA) to give its students the chance to create a collection for the chain’s Limited Collection.
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NewsSuperdrug launches £9.99 value version of luxury skin cream
Health and beauty group Superdrug is to launch a £9.99 high street version of a luxury product more typically sold for £225.
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NewsAlexon appoints commercial director to help turnaround
Womenswear group Alexon has appointed the former chief executive of lifestyle brand Animal, Kevin Keaney, to the newly created role of commercial director.
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NewsFindel sells loss making arm
Home shopping group Findel has sold its loss- making arm CWIO to The Hut Group to help reduce its debt.
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NewsEd Hardy closes Westfield store as Australian arm collapses
US fashion brand Ed Hardy has closed its store at Westfield London after the Australian arm of the retailer collapsed into administration.
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Opinion
Of mice and Morrisons
Blocking the development of a supermarket because of dormice shows that the planning system really isn’t working.
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News
Arnotts chairman leads board reshuffle
Mark Schwartz, who was appointed chairman Arnotts yesterday, has led a reshuffle of the board ofthe Irish department store and is reviewing its senior management team.
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NewsSir Terry Leahy tipped to take over FA
Speculation is growing that Tesco chief executive Sir Terry Leahy is in line to become chairman of the FA.
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NewsJJB Sports shareholder ups its stake
JJB Sports has received a boost after US investment firm Harris Associates upped its stake in the beleaguered retailer to become its largest shareholder.
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NewsUSC sells overseas through website
Young fashion chain USC is selling online to 10 European countries in a bid to tap into growing traffic from overseas.
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NewsAmerican Apparel to miss filing deadline
Trouble is mounting for US fashion retailer American Apparel which has said it will miss its deadline to file second quarter results.
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NewsPets at Home poaches Wilkinson head of buying Peter Pritchard
Pets at Home has hired Wilkinson’s head of buying Peter Pritchard as its new trading director.
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NewsFlying Brands profits fall
Group pre-tax profits fell at multi-channel retail group Flying Brands after the disposal of some of its assets.