More on Me + Em – Page 2703
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News
Al Hokair to expand in the Middle East
The board of Saudi Arabian retailer Al Hokair has approved an expansion plan that covers Kazakhstan and could eventually include Egypt, Jordan and the United Arab Emirates.The group, which specialises in fashion retailing - including franchises for Inditex and M&S - and foodservice, would not disclose further details, saying only ...
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News
Lawson revenue hits £2.3bn
Operating revenue at convenience store player Lawson hit JPY339.7bn (£2.3bn) for the nine months to November 30, 2009.Operating profit came in at JPY44bn (£302m), while net profit was JPY23bn (£158m).The results came during a difficult trading environment for Japanese convenience stores, with relatively bad weather coinciding with a decline in ...
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News
7-Eleven to open 1,000 convenience stores in Japan
Seven & I-owned 7-Eleven plans to open a further 1,000 convenience stores in Japan in the next year and to close 500 to 600 underperforming outlets, local press reported.Its 2010 financial year will be the second year of such large scrap-and-build expansion. Many of the new stores will be located ...
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News
Fast Retailing revenues up 40%.
Fashion giant Fast Retailing revenues rocketed 40% year on year for its first quarter to November.Same-store sales jumped 21% and operating profit soared 49% to JPY61.1bn (£419m).Fast Retailing said the performance was driven by new products, the opening of its Paris Uniqlo global flagship store, the launch of the +J ...
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News
Magnit to invest $1bn in development
Sergey Galitsky, the chief executive of Russian grocer Magnit, has revealed that the company is planning to invest up to $1bn (£619.8m) in development this year.Magnit has doubled the number of new store openings it expects, compared with the target it gave last October. It plans to open 25 to ...
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News
Jerónimo Martins sells 35 discount stores
Portuguese retail giant Jerónimo Martins has sold 35 of its Polish Biedronka discount stores to local player Presspo so it complies with Polish Competition Commission requirements for its acquisition of the Tengelmann-owned Plus discounter chain in Poland.The Commission said Jerónimo Martins must sell 38 Biedronka stores before it would give ...
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NewsPeacocks: value sector to thrive in 2010
Peacocks said the value sector will continue to “flourish” in 2010, after reporting solid Christmas trading and better than expected like-for-like sales in the new year.
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NewsBlacks to make Millets more accessible with new ranges
Blacks is to invest in new ranges and its store portfolio as it claims its restructure has placed the outdoor specialist in a stronger position for growth.
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OpinionTesco likely to stay on buy lists
Despite some gloomy portents before Christmas and some lacklustre trading weeks in the run-up to the big event, the festive season lived up to its name for many store groups.
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AnalysisHow John Lewis won the festive retail battle
By investing cleverly in product, price and customer service the John Lewis Partnership has emerged the Christmas winner.
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Opinion
Seven lessons from a blockbuster Christmas
It was clearly a stormingly good Christmas for the sector, in most cases more than making up for last year’s losses.
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OpinionTough lessons to learn
If nothing else 2009 showed why credit insurance is a waste and bonuses aren’t.
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OpinionFunding is out there
“Even in challenging times it’s important to consider all opportunities”
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Analysis
Need to Know: the general election
Christmas may have been good but this year’s general election will be pivotal in determining the consumer mood
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GalleryStore of the Week: Loewe, Valencia
Luxury accessories and ready-to-wear brand Loewe refurbished its shop in Valencia just before Christmas, creating a concept store.
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AnalysisJohn Gildersleeve: A good fit for New Look
While his fierce reputation may be unjustified, the former Tesco dynamo seems a good fit as chairman of New Look
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AnalysisJanuary Sales: Which retailers delivered the goods for bargain hunters?
The January Sales season started earlier than ever this year, but when consumers hit the shops which retailers were really delivering the goods?
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AnalysisInsurance: Got it covered
The Competition Commission may have restricted the marketing of extended warranties, but insurance products still play an important role on the high street.
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OpinionRetail surgery: We think we are incurring high losses during our Sale. How can we minimise these?
We think we are incurring high losses during our Sale. How can we minimise these?
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OpinionRetail surgery: Our competitors are starting to use the PEFC logo on some of their products – what is it and should we certify to that standard too?
Our competitors are starting to use the PEFC logo on some of their products - what is it and should we certify to that standard too?