More on Me + Em – Page 2630
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NewsLiberty £32m sale moves closer
London department store Liberty has confirmed that it is in talks with private equity firm BlueGem Capital Partners about a possible £32m sale of the business.
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NewsBoots addresses sale of its products in Poundland
Health and beauty retailer Boots has acted over the sale of some of its No7 and Botanics lines in Poundland.
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NewsFashion helps John Lewis deliver 15.9% weekly sales rise
Fashion again drove sales at department store chain John Lewis last week, which reported a 15.9% rise in total turnover to £53.7m.
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NewsSimon Wolfson: ‘Budget is key’
The result of the election is irrelevant — what matters is the first Budget, says Next chief executive Simon Wolfson.
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AnalysisThe Retail Cabinet
As the new Government is announced, Retail Week imagines a country run by the UK’s top retailers. Tesco chief executive Sir Terry Leahy is an obvious choice for prime minister, but whose business skills would he be calling on to work alongside him in his first cabinet?
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NewsOnline retailer Kitbag trials first pop-up shop
Online sports retailer Kitbag makes its first foray into bricks and mortar today with a pop-up shop to celebrate this year’s football World Cup.
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NewsBest Buy opening helps neighbour Currys deliver top trading result
Electricals group DSGi’s Currys megastore in Thurrock delivered one of its best trading weekends ever when rival Best Buy opened its first UK shop nearby last week.
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NewsHMV presses play on fashion
Entertainment retailer HMV revealed its new-look store this week in Leeds, which features a large fashion-focused area called The Studio.
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NewsJessops to tear down the counters in refurb
Camera specialist Jessops vowed to focus back on customer service as it revealed a “single digit” like-for-like sales improvement in the calendar year to date.
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NewsFormer Bhs COO Paul Coackley leaves Arcadia
Arcadia Group chief financial officer Paul Coackley has left Sir Philip Green’s fashion chain.
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News
Ronato focus on growing market share
During 2010 and 2011, home improvement retailer Rona plans to focus primarily on growing its market share in Ontario and Western Canada while reinforcing its strong position in Quebec.The retailer expects to grow its share of the Canadian home improvement market from 17% to 20% by the end of 2011.By ...
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PPR Q1 sales up
Sales in the first quarter of 2010 at luxury goods and retail company PPR were up 1.3% compared with the first quarter of 2009, rising to €4.13bn (£3.6bn). Sales at Fnac, the international entertainment retail chain of which PPR is the majority shareholder, were up 1.6%. In France, Fnac sales ...
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Ikea seeks 12 new stores in Spain
Ikea will open its first store in the northern region of Galicia in July.The furniture and furnishings retailer has invested e60m (£52m) in the store on a 323,000 sq ft site and it will create 400 jobs.The Spanish press has reported that Ikea wants to open 12 new stores in ...
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Edeka sales up 18.7% on Plus integration
Edeka, Germany’s largest grocer, posted an 18.7% sales increase to €38bn (£33bn) during 2009. EBITDA reached €714m (£622m), mainly thanks to the integration of the 2,339 Plus discount stores acquired from Tengelmann in January 2009.Plans for 2010 include an investment of €1.3bn (£1.13bn) to expand and modernise its stores and ...
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Praktiker sales drop 6%
Praktiker, the DIY group, has reported a 6% drop in sales to €747.9m (£651.2m) in the first quarter of 2010, due to prolonged winter weather and persistent economic weakness in Eastern Europe.Net losses were €37.5m (£32.6m), steeper than the €36.8m (£32m) loss for the same period a year ago. January ...
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NewsRetail stock buoyant despite election fears
Retail shares were among the better performers as economic turmoil in Greece and political uncertainty ahead of the general election here took a toll on the market overall.
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NewsBlacks on stronger footing after fundraising
Blacks Leisure is confident that a forecast warm summer and completion of a £20m fundraising will put the business on a strong footing after a turbulent year.
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NewsHMV’s strategy questioned as Q4 like-for-likes plummet
A worse-than-expected update from HMV last week prompted analysts to question the entertainment retailer’s strategy in the face of contracting markets.
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NewsMorrisons cleared of price fixing
Morrisons has been cleared of dairy price-fixing allegations by the Office of Fair Trading (OFT).
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NewsDebenhams showcases Danish expansion move
Debenhams was scheduled to run an analysts’ visit to Copenhagen as Retail Week went to press to demonstrate its integration of Danish department store Magasin du Nord.