More on Me + Em – Page 2591
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News
Gap plans to open stores in China
US retailer Gap plans to open two stores each in Beijing and Shanghai later this year and will offer online shopping in China.The fashion retailer said the store openings are part of a long-term expansion strategy that involves more stores in major regions, including Hong Kong. The China stores will ...
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News
Sa Sa profit up 20.6%
Asian beauty retailer Sa Sa reported group turnover for the year ended March 31 rising 13.9% to HK$4.11bn (£350.7m). The group’s profit for the year grew 20.6% to HK$381.1m (£32.5m).In Hong Kong and Macau, the group’s turnover increased 10.3% to HK$3.29bn (£280.8m). Sales in mainland China market increased 61.3% while ...
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News
Chen Xiao to step down as Gome president
Chinese electronics retailer Gome has announced that Chen Xiao is to step down as president. Xiao will remain as chairman. He has held both roles since January 2009. Wang Junzhou has been named as president.The news follows Gome’s closure of some loss-making stores in recent years.
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News
Galeries Lafayette opening stores in China and Indonesia
French department store retailer Galeries Lafayette aims to open stores in China and Indonesia. The chain had already opened stores in Beijing, Singapore, Seoul and Tokyo in the 1990s but they were unprofitable and closed down.Galaries Lafayette is taking a more careful approach to Asian expansion this time and has ...
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News
H&M Q2 sales rocket 24%
Clothing retailer H&M has announced its financial results for the first half ended June 22. Group net sales were up 4% to SEK51.88bn (£4.46bn), while group net profit was SEK8.95bn (£770m). Group net sales for the second quarter jumped 2% to SEK27bn (£2.32bn) and group net profit for the second ...
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News
Harvey Norman’s Irish losses mount
Blaine Callard, the chief executive of Australian electronics retailer Harvey Norman’s Irish operations, has stated that the company is “not going anywhere” and would persist despite difficult trading conditions.Callard made the comments in spite of a nine-fold increase in losses last year, up to €40m (£33m). He added that the ...
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NewsSainsbury’s ad celebrates British summer
Sainsbury’s today launched its latest advertising campaign with celebrity chef Jamie Oliver, with the first ad aired during breakfast show GMTV.
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NewsDebenhams posts like-for-like sales fall and acquires 115 Faith concessions
Department store group Debenhams has reported a like-for-like sales fall of 0.4% for the 42 weeks to June 19 and has agreed to buy bust footwear retailer Faith’s concessions.
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NewsTesco under scrutiny over accounting policies
Tesco has come under scrutiny from a leading City analyst over its accounting policies.
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NewsSchuh posts record EBITDA to £17.3m
Fashion footwear retailer Schuh has posted record results, with a 21% rise in EBITDA to £17.3m for the year to March 28.
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Opinion
OK for today
HMV produced a very respectable set of full year results today, but chief executive Simon Fox will know that challenges lie ahead.
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NewsTesco rapped over Asda price comparison ad
Supermarket giant Tesco has been censured by the Advertising Standards Authority (ASA) for the second time in a year for making “ambiguous and misleading” claims.
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NewsFormer Toys R Us manager ordered to repay £3.36m
A former Toys R Us manager who stole more than £3m from the company to pay for call girls, luxury cars and houses has been ordered to repay a majority of the cash or face another ten years in prison.
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NewsConsumer confidence falls in run up to Budget
Consumer confidence has fallen again as spending cuts and speculation around tax rises in the lead up to the Budget dampened confidence in June.
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NewsTesco sells log cabins
Tesco already sells most of anything shoppers could ever need and now it is adding flat-pack log cabins to its portfolio.
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NewsWorld Cup hits current trading at HMV but profits rise 17.7%
The World Cup has hit current trading at HMV but the entertainment group remains confident as it enacts its strategy to evolve the product mix, develop its live music and ticketing business and turn around bookseller Waterstone’s.
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NewsTesco to raise £950m in property deal
Tesco is to undertake a sale and leaseback deal to raise £950m, it is understood.
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NewsWalmart appoints new US head
Walmart has appointed Eduardo Castro-Wright to president and chief executive of Global.com and Global sourcing while Bill Simon is promoted to president and chief executive of Walmart US.
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Opinion
Nick Samuel
The untimely death of former Hobbs chief executive Nick Samuel was very sad news.
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NewsFormer Hobbs chief executive Nick Samuel dies
Nick Samuel, former chief executive of womenswear retailer Hobbs and former finance director of womenswear chain Karen Millen has died.