More on Me + Em – Page 2698
-
NewsOverlooked grocers back on City radar
Investor appetite this week for food retailers was keen but general retailers were shunned, despite almost without exception beating Christmas expectations.
-
NewsGant opens UK flagship on Regent Street
Swedish lifestyle label Gant opened its UK flagship store on London’s Regent Street on Friday.
-
NewsChurch’s opens at Westfield London
Luxury footwear brand Church’s has opened a shop in Westfield London, its 12th store in the UK.
-
NewsGreen light for retail IPOs
Grim outlook fails to dampen retailers’ flotation hopes — but will they hit their valuations?
-
News
Carrefour to create an executive board
Carrefour is to create an executive board that, along with group executiveLars Olofsson, will be charged with developing the group’s strategy, operational goals and oversee execution.Newly appointed France executive director James McCann, formerly Tesco’s Hungary chief, will be among the new board members.Separately, Carrefour has reported sales of E96.2bn (£86.5bn) ...
-
News
Delhaize Group sales up 1.2%
Sales at Delhaize Group rose 1.2% last year at a constant exchange rate, with organic revenue growth of 2.4%.Growth was helped by a solid performance in Belgium and double-digit rises at its Greek, Romanian and Indonesian operations.At its US arm, sales fell 1.3%, affected by the strengthening of the US ...
-
News
Like-for-likes sales down 1% for Douglas Group
Perfumery operator Douglas Group admitted that the global economic and financial crisis hampered its 2008/09 financial year, as it posted results for the period.Consolidated sales rose 2.3% to E3.2bn (£2.9bn). However, like-for-like sales slid 1% against the previous year’s figure.The brakes were applied to the retailer’s capital expenditure during the ...
-
News
Future Group opens 900 stores
Future Group plans to dramatically expand its KB’s Fair Price discount grocery fascia, opening up to 900 stores.Locations for the new sites have yet to be finalised; the retailer is expected to expand its presence in regions it already operates in such as Delhi, Mumbai and Bangalore.Customer director Damodar Mall ...
-
News
Who is buying Buy The Way?
Bidding is coming to a close for local convenience store chain Buy The Way, which was put up for sale by private equity owner Unitas Capital late last year.AEON-owned Ministop, Lotte Group - which owns the 7-Eleven franchise in South Korea - and US private equity firm Carlyle Group have ...
-
News
Best Denki to close stores
Electronics retailer Best Denki plans to close 50 to 70 stores by February 2012 and cut staff numbers by several hundred to slash costs.The cuts follow the revelation of increased losses in the retailer’s third quarter.Best Denki will also liquidate its Sakuraya subsidiary, with its 15 stores closing next month.Chairman ...
-
News
Schlecker renovating stores
Pharmacy giant Schlecker is to make changes to its store portfolio this year in an effort to fend off its aggressively expanding rivals, DM and AS Watson-owned Rossmann.The retailer plans to renovate up to 500 of its 9,000 traditional Schlecker outlets, steam ahead with rapid expansion of its larger XL ...
-
News
US sales down 0.3%
Retail sales fell 0.3% in December compared with November, casting uncertainty over the recovery of the economy.Figures from the US Commerce Department showed electricals sales were among the biggest fallers.It also said concerns over job security are expected to continue to restrict spending, with unemployment still at 10%.December’s figures end ...
-
News
SuperValu is one of the latest US retailers to launch a range rationalisation programme
In some categories, the SKU count will be reduced by up to 25% as the grocer aims to reduce costs and remove complexity from the shopping experience.According to chief executive Craig Herkert, the move is designed to eliminate redundant package sizes rather than get rid of entire product brands. “I ...
-
NewsTax and debt burden fails to dent US retail optimism
US retailers have certainly got a spring back in their step if the evidence from last week’s annual get-together at the National Retail Federation (NRF) in New York was anything to go by.
-
NewsOnline retail sales hit £5.46bn in December
Shoppers spent £5.46bn online in December and increase of 17% on last year, according the IMRG Capgemini’s latest e-retail sales index.
-
News
Harveys and Bensons team up for joint store in London’s West End
Furniture retailers Bensons for Beds and Harveys have opened a joint store on Tottenham Court Road, London.
-
OpinionBring it on, Best Buy
Leopards can never change their spots, but maybe something almost as remarkable has happened: not only did DSGi have a great Christmas, it looks as if chief executive John Browett is genuinely changing the business for the long-term good.
-
OpinionSelling up will be no easy task in 2010
Private buyers will be hampered by not being able to take on the levels of borrowing they did before the banking crisis
-
OpinionA nation of wimps led by chimps
Management of the snow chaos is a damning indictment of the UK’s mindset.
-
OpinionThe Hub of Waterstone’s troubles
Investors should ponder whether the main HMV board have shown the right level of interest in their book operation.