More on Me + Em – Page 2649
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NewsConcerns over Topps Tiles forecasts spark downgrades
A worse than expected update from Topps Tiles led to widespread downgrades to profit forecasts as analysts voiced concern over dampened appetite for home and big-ticket purchases.
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NewsCity unfazed by Mothercare like-for-like knock
Mothercare suffered its first quarter of negative like-for-likes in three years after the cold snap hit sales.
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NewsConran Shop pop-up trial could pave way for small-format stores
The Conran Shop is trialling a smaller store format that could be used to extend the brand into new locations in the UK or overseas.
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News99p Stores takes on greeting cards market
Single price-point retailer 99p Stores is expanding its greeting cards range as it seeks to take share from value players such as Card Factory.
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NewsWaterstone’s hosts London ‘Tweet-up’
Waterstone’s last week conducted its first ‘Tweet-up’ - a real-life meeting organised via social networking site Twitter - and revealed plans to hold more around the country.
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NewsDebenhams casts net wider with web delivery options for overseas shoppers
Debenhams is ramping up its online business by offering shoppers in selected overseas destinations the option to have goods delivered to their homes with a new international delivery service.
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NewsLet Ted entertain you
Ted Baker unveiled its revamped flagship in London’s Covent Garden last week with a new store concept themed around the idea of entertainment.
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NewsEBay to build fashion presence with adverts
EBay UK is to launch a marketing drive to promote its style credentials and change customer perceptions as it prepares to debut a dedicated fashion area on its site next week.
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NewsAcquisition of HobbyCraft still on Halfords radar
Halfords is thought to still be interested in acquiring arts and crafts retailer HobbyCraft as the deadline for final bids, April 19, draws closer.
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NewsM&S ups game with cosmetics overhaul
Marks & Spencer has begun the biggest overhaul of its cosmetics offer in five years as it guns to increase its beauty market share.
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NewsPoor weather prompts mixed Easter trading
Poor weather conditions dampened retailers’ sales during the early part of the crucial Easter trading weekend but there were also some welcome bright spots over the four-day break.
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Rite Aid revenues slide 2.4%
Pharmacy retail giant Rite Aid has posted a year-on-year revenue decline of 2.4% to $25.7bn (£14 bn) for 2009, primarily as a result of 121 net store closures and a decline in same store sales of 0.9%.Same store retail sales slid 2.9%, while pharmacy sales rose 0.1%. The number of ...
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Tesco opens first Extra store outside Britain
Tesco has launched its first Tesco Extra store outside Britain in Central Europe, in Bratislava, Slovakia.It has revamped the hypermarket in the capital’s Petržalka suburb to introduce the format, which offers services and boasts self-checkouts.Tesco’s Petržalka store director said: “It is the first Tesco Extra outside Britain. Operating directors from ...
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Magnit profits up 46%
Net profits at local grocery chain Magnit jumped 46% in 2009 to $275.2m (£176m).Preliminary net retail revenue rose 28% to RUB169.6bn (£3.79bn). Like-for-likes climbed 4%, helped by a 6% rise in average basket value. The retailer added 646 stores in the year. Magnit said it will continue to cut prices ...
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AS Watson total revenues down 2%
Total revenues at Hutchison Whampoa’s AS Watson retail division shrank 2% to HK$116.09bn (£9.81bn) for the 2009 full year, but climbed 5% on a constant currency basis.However, EBIT soared 30% to HK$5.69bn (£480.7m) due to continued improvement in costs, operational efficiency and cautious expansion. AS Watson plans to double its ...
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Rewe plans £360m investment in Austria
Rewe Group’s international arm plans to invest €400m (£360m) this year in Austria, where the division is based, and abroad.The figure is 20% less than last year, when Rewe International invested €500m (£446m), out of which €200m (£178m) was ploughed into Austria.Frank Hensel, the international arm’s chief executive, told financial ...
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Migros net sales down 3%
Swiss market leader Migros reported group net sales declined 3% to CHF24.95bn (£14.7bn) for 2009.The group blamed lower prices of Migros’ products, a dramatic drop in crude oil prices and a decline in business travel for the drop. However, net profit soared 20.8% to CHF846m (£500m). And the group’s other ...
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Otto sales up 1.5%
Retail and services company Otto Group posted sales up 1.5% to €10.14bn (£9.3bn) on a comparable basis in the year to February 28, 2010.The German group’s operating profit is expected to be “well above the previous year”, the group said. A key growth driver was its ecommerce business, which ...
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Carrefour to invest up to £40m in Argentina
Carrefour will invest as much as ARS250m (£40m) in its stores network in Argentina this year as supermarket sales recover.The retailer, which operates under banners including Dia in the country, invested ARS1.25bn (£202m at current exchange rates) in stores growth between 2006 and 2009, and will add 23 stores to ...
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NewsAmerican Apparel scramble
Fashion retailer American Apparel sparked a riot in east London after 2,000 people turned up for an Easter Sale.