More on Me + Em – Page 2647
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News
7-Eleven aims for 20,000 environmentally friendly stores
Seven & I-owned 7-Eleven plans to have 20,000 environmentally friendly stores across the globe within five years, accounting for about 40% of its operations. The convenience stores will use LED technology for signs and lighting, generate electricity from solar power, feature hot water systems that use waste heat from air ...
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News
Gome sales fall
Electronics retailer Gome has benefited from its recent store closure strategy.While sales for the year to December 31 fell 7% to Yn42.7bn (£4bn) - the result of closing down 189 underperforming stores - net profit jumped 34.4%.Gome revealed that the government’s stimulus policies helped to lift sales and operating ...
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News
Technosila could fall to bank control
Electronics retailer Technosila could end up in the hands of MDM Bank as the retailer is not able to pay off its debts.The bank is also expected to receive controlling stakes in Business PRO, Technosila’s main wholesaler, and Multibank, which provided express loans in Technosila stores. MDM Bank has been ...
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News
H&M sales jump 7%
Clothing retailer H&M has reported results for the first quarter to February 28, with sales jumping 7% to Skr24.85bn (£2.1 bn), compared with the same period last year. In local currencies, the increase was 13%.H&M had 1,992 stores at the end of February, up from 1,748 a year ago. ...
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NewsEnvy hits the buffers
Updated: Branded fashion retailer Envy has collapsed into administration, with Leonard Curtis appointed administrators.
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News
Komplett sells Dutch, Belgian and Irish operations
Norway’s online and mail order electronics retailer Komplett has completed the sale of its operations in the Netherlands, Belgium and Ireland to Dutch sector player ParaDigit Holding BV.The takeover also includes a licence agreement that allows ParaDigit to use the Komplett name for its online operations. The Norwegian retailer has ...
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NewsAsda plans 150 Living stores in bid to be UK’s leading non-food retailer
Asda has confirmed that it is aiming to become the UK’s biggest non-food retailer by growing the number of Asda Living stores fivefold to 150.
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NewsJaeger targets younger market with new sub-brand
British heritage retailer Jaeger will make a play for a slice of the premium young fashion market in autumn with the launch of a younger, lower-priced sub-brand called Boutique by Jaeger.
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NewsAbercrombie & Fitch pays CEO £2.5m to curb his use of corporate jet
Abercrombie & Fitch is paying its chief executive $4m (£2.5m) to compensate him for curbing his use of the company’s corporate jet.
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NewsThe Hut Group raises £14m
Online retailer The Hut Group has raised £14m from investors including former chief executive of Matalan Angus Monro as it gears up for further acquisitions.
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NewsMore high street retailers caught selling ‘sexy’ kids’ products
Further high street stores have been caught selling sexy clothes for children, according to an investigation by The Sun.
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NewsPrimark withdraws tots’ padded bikini range after criticism
Value retailer Primark has stopped selling a controversial padded bikini top range for girls as young as seven following criticism from politicians and children’s groups.
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NewsDebenhams interim profits rise as own-bought strategy pays off
Department store group Debenhams has posted higher than expected interim profits after strong performances from its own-bought ranges and market share gains.
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NewsPolitical parties address Asda shoppers
Video messages from the three major political parties addressing Asda’s shoppers have been posted on the grocer’s website today.
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NewsWhole Foods Market revives UK expansion
US organic grocer Whole Foods Market has revived its plans for expansion in the UK as its US business starts to recover from the economic slump.
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NewsJD Sports profit rockets 61%
JD Sports Fashion pre-tax profit surged 61% to £61.4m in the year to January 30.
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NewsPrimark attacked over padded bikini for kids
Primark has been criticised for selling a padded bikini for seven year olds.
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NewsBRC delivers verdict on Conservative, Labour and Lib Dem manifestos
Updated: Trade body the British Retail Consortium has passed its verdict on Conservative, Labour and Liberal Democrat manifesto proposals affecting the stores industry.
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OpinionReinventing the retail park
H&M’s move to open more retail park stores shows how the nature out of town retailing is changing.
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NewsRetail administrations at lowest level in four years
The number of retailers to enter administration fell to their lowest level in four years in the first quarter of this year.