More on Me + Em – Page 2666
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News
Schlecker to close 32 stores in Belgium
German drugstore group Schlecker expects to close 32 of its 36 stores in Belgium by the end of this year.The decision comes after it was revealed that Schlecker will also axe its stores network in the Netherlands.Schlecker’s online store for Belgium, the Netherlands and Luxembourg was axed in late February. ...
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News
Suning sales up to £5.46bn
Consumer electronics retailer Suning has reported that preliminary full-year net sales jumped 16.8% to Yn58.3bn (£5.46bn) against the previous year. Net profit hit Yn2.88bn (£269.9m), up 32.8% year on year. Comparable store performance improved 7%. Suning opened 182 stores in 22 cities over the year, and closed 53 stores.
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News
Shoprite confirms plan to exit India
Shoprite group chief executive Whitey Basson has confirmed that the retailer is preparing to exit India.Speaking at the South African-based retail group’s interim results, Basson said the decision was due to constraining legislation and price rules that made a single-store operation unprofitable.The retailer has been operating a hypermarket in Mumbai ...
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News
Marinopoulos to face Competition Committee probe
Carrefour’s greek arm Marinopoulos will face the Competition Committee at the end of April, according to reports in the local press.Carrefour Marinopoulos faces charges that it violated competition regulation in respect of its franchising model and the operations of its 5’ Marinopoulos grocery stores network. The retailer is reportedly accused ...
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News
Casino posts £23.8bn net sales
Casino reported €26.75bn (£23.8bn) net sales for 2009 - a 1.2% decrease against the previous year. Trading profit slid to 4.5% to €1.21bn (£1.1bn) on the previous year. In France, sales declined by 3.8% on an organic basis, or 2.7% excluding petrol. Meanwhile, Casino’s online general merchandise business Cdiscount reported ...
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News
Mercadona sales up to £13.8bn
Mercadona has reported gross sales of €15.5bn (£13.8bn) for its 2009 financial year - up 0.8% on the year before.Net income declined 16% to €270m (£240.7m).The grocery retailer invested about €600m (£534.9m) in the business over the year, opening a further 74 stores to take its total to 1,264 supermarkets ...
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News
PetSmart and Staples report increased sales
Two American retailers reported full-year results this week. Petcare retailer PetSmart increased total sales by 5.4% to $5.34bn (£3.57bn), taking into account a hit of $8.3m (£5.32m) from foreign currency fluctuations.Comparable store sales climbed 1.6% and services sales increased 9.2% to $575m (£368.6m). Net income increased to $198m (£126.9m). Office ...
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NewsAll Saints takes Nokia’s Regent Street flagship
Fashion retailer All Saints has signed for the former Nokia store on London’s Regent Street.
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NewsFlowers direct chief moves to Shop Direct
Shop Direct has appointed Jonathan Wall, chief executive of online florist Flowersdirect.co.uk, as its new ecommerce director.
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NewsN brown eyes mature shoppers
Home shopping group N Brown has launched two brands targeting men aged 45 to 60 and women aged 50 to 64.
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OpinionTesco’s dotcom model
Tesco is widely thought to be the only grocer to make a profit from its dotcom operation. And judging by the reaction from the City after analysts visited its dotcom-only store in Aylesford, Kent, on Friday, the grocer looks poised to widen the gap on its competitors.
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OpinionGrocers to target smaller footprint stores for growth
With 2009 annual results flooding in, the overriding opinion of last year is that it was one when retailers cut back on expenditure and scaled back store openings. The outlook now is for conservative store growth through smaller footprint stores.
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OpinionRetailers need more friends in Westminster
Nobody doubts hard political choices will have to be made to cope with the costs of the banking crisis and recession, but VAT on food should not be among them.
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OpinionSexy products are more interesting...
Entrepreneurs thrive on selling products that they find sexy, says Malcolm Walker
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OpinionCan value endure in good times?
We should not see the development of the value sector as a recessionary or “cyclical” phenomenon.
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AnalysisAugmented Reality
Last week fashion group Benetton launched its global catalogue with ‘augmented reality’ technology to increase customer interaction. So what does that mean and who’s doing it?
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GalleryOracle Retail Week Awards in pictures: Retailers celebrate the best in the business
Retail’s biggest names gathered for this year’s Oracle Retail Week Awards to mark the industry’s many achievements. BBC star Jeremy Vine handed out the prizes
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GalleryStore of the week: La Petite Poissonnerie Primrose Hill, London
Every now and then you come across something that does make you stop and smile and this newly opened shop in London’s chi-chi Primrose Hill does just that.
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AnalysisDavid Dodd: Poundland co-founder is back
The Poundland co-founder is back to shake up the variety sector with Hub, a mid-market chain with potential for 200 stores. He tells Nicola Harrison what inspired the return
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