More on Me + Em – Page 2665
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NewsSainsbury’s considers sale and leasebacks to back expansion
Grocer mulls funding options to support aggressive growth plans in non-food and convenience
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Tesco muscles in on the growing bicycle market
Tesco has quietly opened “bike shops” in eight of its stores, muscling in on specialists such as Halfords and Evans.
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NewsOnline success at John Lewis
John Lewis has revealed that its online fashion sales have more than doubled since it launched its dedicated fashion website in September.
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NewsSir Stuart Rose says time is right to up M&S store revamps
Marks & Spencer should step up the pace of its store modernisation programme again, executive chairman Sir Stuart Rose has said.
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NewsArnotts enlists help
Irish department store Arnotts’ banks have drafted in a team of specialists including former Brown Thomas chief executive Nigel Blow to identify growth opportunities at the troubled business.
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NewsEBay to tackle fashion with fixed-price site
EBay is to launch a fashion channel for branded goods, taking on rival etailers such as M and M Direct, JD Sports and Asos.
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NewsTJX Europe to unveil first twin fascia
TJX Europe, which runs off-price retailer TK Maxx and homewares chain HomeSense in Europe, will unveil its first dual fascia store in Newcastle this autumn.
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NewsGrocers pledge jobs and training to address youth unemployment
Grocers Tesco, Sainsbury’s and Asda have vowed to create more jobs, invest in more training and called on the Government to improve education.
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NewsHalfords rolls out mobility range
Car parts and bicycles retailer Halfords is rolling out the sale of mobility products after a trial over the past year.
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Robert Dyas to double online offer
Hardware chain Robert Dyas is to revamp its website to reflect its rebranding last year and boost sales through the online channel.
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Tesco MasterCard to hit retailers with higher interchange fees
Retailers face higher interchange fees after retail giant Tesco’s bank switched its Finest Platinum MasterCard to World MasterCard.
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NewsM&S well placed to convert top-up shoppers and lift profits
Marks & Spencer could add as much as £35m to gross profits by persuading occasional food shoppers to purchase more often, research by broker Oriel suggests.
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NewsBroker unconvinced by Alexon’s fundraising
Womenswear specialist Alexon has unveiled plans to raise £20.3m to accelerate its turnaround.
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Encouraging BRC data helps lift retail shares
A rally late last week and evidence from the BRC February sales data that non-food sales recovered after January’s snow hit helped general retailers rise above the All-Share index.
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NewsSuperGroup close to IPO target despite City jitters
SuperGroup was expected to achieve an IPO valuation of £395m as Retail Week went to press.
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DSGi update may lead to shares uplift
Next Friday could be a catalyst for the shares of DSGi, when it will host a strategy day at its Currys Megastore in Thurrock, Essex.
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NewsLosses widen at Jysk despite strong sales
Danish furniture retailer Jysk’s UK operation has reported strong sales in its full-year accounts, although losses widened as start-up costs hit its bottom line.
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Danish fashion chains sign dual fascia in London
Danish fashion chains Jack & Jones and Vero Moda will open a dual fascia shop on Oxford Street, London.
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NewsRelaunched Spar site focuses on healthy lifestyle
Symbol group Spar UK has relaunched its website to push its community involvement and champion its investment in athletics sponsorship.
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Jerónimo Martins sales up
Jerónimo Martins increased sales by 6.1% to €7.3bn (£6.5bn) in its 2009 financial year.Net profit at the grocery retailer soared 22.8% to €200.3m (£178.6m).Jerónimo Martins attributed the performance to strong competitive market positions and a clear focus on increasing productivity together with greater scale in sourcing.