More on Me + Em – Page 2619
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News
Gap posts £2.2bn Q1 sales
Gap has posted net sales of $3.33bn (£2.2bn) in its first quarter, a rise of 6% on the same period last year. Like-for-like sales increased 4% and net income rocketed 40% to $302m (£200m).Chairman and chief executive Glenn Murphy said: “Fuelled by our strengthened economic model, we are in a ...
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News
Eroski sales down 6%
Spanish grocer Eroski reported a 6% decrease in gross sales during 2009 to €8.43bn (£7.6bn) as the retailer’s price cuts amid weak consumer confidence weighed on sales.The retailer also reported a net loss of €69m (£62m), a drop of 29% on last year, as Eroski’s results continued to be hit ...
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NewsMohamed Al Fayed explains Harrods sale
Harrods owner Mohamed Al Fayed has explained his decision to sell the legendary department store.
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NewsAsda Income Tracker: Families had £8 a week less disposable income in April
The average UK household had £8 less a week in disposable income in April compared to the same period a year ago, according to Asda’s Income Tracker.
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OpinionFamiliarity breeds contempt
Loyalty is a hot topic at the moment. But retailers need to be mindful of the wider privacy debate when deciding just how much consumer data to collect.
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NewsWaitrose and Ocado sign new 10 year deal
Online grocer Ocado has agreed a new 10 year deal with Waitrose to sell the upmarket supermarket’s products.
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NewsSmythson chief executive exits
Smythson chief executive Paddy Byng is to step down from the upmarket stationers and leather goods retailer at the end of the month.
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NewsBurberry ramps up investment after profits soar
Burberry said it will almost double capital spending to £130m next year with a focus on expanding key product areas including kidswear and moving into emerging markets.
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NewsGieves & Hawkes appoints Andrew Merriman as COO
Savile Row menswear retailer Gieves & Hawkes has appointed Andrew Merriman to the new role of chief operating officer, following a recent shake up of its senior management team.
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NewsChief executive to leave as Thorntons warns on profits
Thorntons chief executive Mike Davies is to quit the confectioner after continued tough trading conditions prompted another profit warning.
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NewsClinton Cards reaps benefits of audio conferencing
Clinton Cards wants to expand staff access to audio conferencing after finding it has improved internal communications.
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NewsBRC delivers verdict on Queen's Speech
The British Retail Consortium has welcomed some aspects of the legislative programme set out in the Queen’s Speech but cautions that parts of it do not go far enough.
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NewsAsda suffers fifth consecutive market share drop
Asda has suffered its fifth consecutive monthly market share drop and growth behind the market at 2.5% according to Kantar Worldpanel.
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NewsDSGi stores to stock iPad from Friday
Apple has signed a deal with DSGi to stock the iPad tablet computer at 139 PC World and Currys stores from its UK launch on Friday.
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OpinionIs Crossrail worth the hassle?
Crossrail is going to disrupt West End retail for years. Is it really worth it?
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NewsTJX Europe reports 1% rise in first quarter like-for-likes
TJX Europe, the company which operates off-price fashion chain TK Maxx in the UK, said that like-for-like sales rose 1% in the first quarter to May 1.
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NewsProfits soar at pawnbroker Albemarle & Bond
Pawnbroker Albemarle & Bond is plotting more stores as cash-strapped consumers helped pre-tax profits soar 75% to £10.8m.
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NewsSainsbury's becomes largest Freedom Food retailer
Sainsbury’s has become the UK’s largest Freedom Food retailer in both range and volume sales of higher welfare products.
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NewsMarks & Spencer celebrates return to like-for-like growth in food as profits rise
Marks & Spencer has reported a return to annual like-for-like growth at its food arm for the first time since 2007, an increased clothing market share and a profits rise.