More on Me + Em – Page 2675
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NewsMike Ashley’s intervention hits Blacks shares
General stores and food retailers both had a dull week, with each sector lagging the market.
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NewsTraditional toys aid Modelzone growth
Model and hobby retailer Modelzone is benefiting from consumers returning to more traditional toys and games, with like-for-like sales up 7% last year.
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NewsVente-Privee UK to branch out into non-fashion
Private sales site Vente-Privee will push into categories beyond its core fashion offer as it chases growth in the UK.
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NewsQuiksilver and Roxy campaign to raise water shortage awareness
Quik thinking Boardwear brands Quiksilver and Roxy are launching a pan-European ad campaign online and in stores to raise awareness of water shortage.
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Loblaw net income up 19.3%
Loblaw reported that net income soared 19.3% to C$550m (£309m) for the financial year to January 2, 2010. Total sales declined 0.2% to C$30.8bn (£17.3bn) while same-store sales slid 1.1%.Executive chairman Galen Weston said: “As we enter 2010 we continue to expect sales and margins to be challenged by deflation ...
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Edeka considering expansion abroad
Grocery market leader Edeka is considering expansion abroad with its recently strengthened Netto discount banner, The Financial Times Deutschland reported.The retail group is said to be planning to open stores in foreign markets “in five years’ time at the latest”, preferably in Central and Eastern Europe but not necessarily in ...
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Ica to enter growing Swedish convenience market
Ahold-owned grocer Ica has announced that it is to muscle in on the growing convenience market with the launch of a city concept to cater for urban customers who want easy access to fresh food.The new concept, called Ica to Go, will sell branded and private-label ready-meals and other products ...
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Russia sees first retail sales rise for a year
Retail sales in the country rose for the first time in a year in January.A slowdown in inflation and higher wages boosted household spending. Sales rose 0.3% on an annualised basis after a 3.6% drop in December, according to the Federal Statistics Service.Consumer spending is set to boost Russia’s recovery ...
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First Uniqlo store to open in Taiwan
Fast Retailing has confirmed that it will open its first Uniqlo store in Taiwan, in the capital Taipei, around the autumn of this year.The opening marks the Japanese retail giant’s latest effort to extend its global reach. Fast Retailing will invest ¥430m (£2.9m) in setting up a wholly owned subsidiary ...
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Wesfarmers post strong supermarket sales growth
Wesfarmers, the owner of Coles Group, has reported a flat first-half net profit, with strong sales growth at its supermarkets.Like-for-like sales climbed 6% at the Coles Group division, with earnings soaring 22.6%. The retailer said that increasing customer numbers continued to drive growth.The group’s DIY arm Bunnings delivered strong sales, ...
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Carrefour profits plummet
Carrefours profits plummeted 70% to €385 m (£343m) in 2009, largely due to restructuring charges.In France and Western Europe sales fell 2.7% and 5.4% respectively. However, the French retail giant boasted market share gains in its home market.Meanwhile, Carrefour’s Latin American and Asian divisions posted sales growth of 11.9% and ...
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Toys R Us in IPO talks
The private-equity owners of Toys R Us are in talks with investment banks about the possibility of underwriting an initial public offering this summer, the New York Post reported.It is understood Bain Capital, KKR and Vornado Realty Trust are talking with banks including Goldman Sachs, Deutsche Bank and JPMorgan Chase. ...
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Ikea to launch first Latin American store
Ikea has opened its first store in Latin America. The store is located on a 753,500 sq ft plot in the Dominican Republic’s capital Santo Domingo.The store cost $85m (£54.5m) to build and will provide as many as 2,500 direct and indirect jobs.
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NewsMixed start for Wickes as full-year profits rocket but like-for-likes slip
DIY retailer Wickes experienced a 2.4% decline in like-for-likes in the seven weeks to February 20, but full-year profits soared as the chain grew its market share.
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NewsSuits You confident of profit breakthrough after CVA rescue
Speciality Retail Group chairman Peter Lucas has vowed that the struggling menswear retailer will make a profit in the year to January 2011, after it was rescued from administration by a company voluntary arrangement on Tuesday.
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NewsDwell guns for growth in tenants’ market
Mid-market furniture retailer Dwell has laid out plans to reach up to 60 stores and 20 concessions in the next five years.
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Tile Depot gears up for expansion with team rejig
Tile specialist Tile Depot has revealed expansion plans as it reshuffles its management team.
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NewsJ Crew hits UK after deal with Net-a-Porter
US fashion brand J Crew will be available in the UK for the first time after striking a partnership with etailer Net-a-Porter.
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NewsLombok eyes growth as sales start to revive
Lombok has recorded like-for-like sales up “single digits” since the start of 2010, after being bought out of pre-pack administration last year.
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NewsCortefiel to open UK stores with Land Sec
Spanish fashion giant Cortefiel is to bring three of its brands to the UK in the first deal for property company Land Securities’ Brand Empire venture.