More on Me + Em – Page 2696
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OpinionDoes every second really count?
Shaving seconds off the time each customer spends at the tills is an obsession for some retailers. But why, when the plastic bag police ruin the efficiency savings retailers’ IT departments have worked so hard to achieve?
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NewsRaids made in UK and Iceland as investigations into Exista step up
The Serious Fraud Office and Iceland’s special prosecutor’s office have taken the investigation into the dealings of Icelandic investment vehicle Exista one step further with raids on four UK locations including Exista’s Paddington offices.
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NewsEthel Austin close to refinancing deal
Value retailer Ethel Austin is understood to be in advanced stages of negotiations to secure a refinancing deal.
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NewsPets at Home sold to KKR for £955m
Pets at Home has been sold to private equity house Kohlberg Kravis Roberts (KKR) for £955m, including the debt.
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NewsWHSmith delivers performance in line with expectations
WHSmith group sales declined 2% with like-for-likes dropping 4% in the 21 weeks to January 23.
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OpinionToo many stores?
Alexon has put about 20% of its stores on the market, but who will take them?
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NewsUK exits recession
The UK has exited its most severe recession since the 1930s as data this morning showed the economy had grown by a weaker-than-expected 0.1% in the last three months of 2009.
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News
Barclaycard begins promotion for multi-retailer loyalty scheme
Barclaycard has confirmed that it will launch its multi-retailer reward scheme in March.
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NewsAsda trials vending machine to reduce waste
Asda has launched a trial with fabric conditioner sold in reusable pouches from vending machines in a bid to reduce packaging waste.
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NewsRetail Trust Ball raises £1m
The annual gathering of leading figures from retail at the Retail Trust Ball last night raised £1m for the industry charity.
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NewsNew Look’s Phil Wrigley to join Majestic Wine
Former New Look chairman Phil Wrigley is set to become chairman of Majestic Wine when its current chairman Simon Burke retires later this year.
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NewsWalmart axes 11,200 jobs at Sam’s Club
Walmart is cutting 11,200 jobs at its Sam’s Club warehouse chain in the US.
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OpinionEdinburgh retail: A tale of three streets
With the changing fortunes of its three principle shopping streets, Edinburgh is one of the better places to observe the the ebb and flow of high street retail in the UK.
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NewsConsumer confidence rises along with saving rate
Consumer confidence has increased for the third consecutive quarter but remains below pre-recession highs.
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NewsBeales cuts losses after Christmas sales rise
Independent department store chain Beales said like-for-like sales rose 2.8% at Christmas and that full-year pre-tax losses reduced by more than a third.
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NewsGarden Centre Group Christmas profits climb 17%
Garden Centre Group, the 121-store business formerly known as Wyevale, has reported a “terrific” Christmas.
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NewsTesco in film industry deal
Supermarket group Tesco is to extend its reach into the film sector.
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NewsNew Look board meeting to consider IPO
Fashion group New Look’s board will consider this week whether to go ahead with a Stock Exchange listing.
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NewsAdams falls into administration
Childrenswear retailer Adams has fallen into administration for the third time in three years.
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NewsONS reports worse than expected December sales
Retail sales volumes in December rose 0.3% compared to November, below than the 1.1% lift expected by analysts, according to the Office for National Statistics.