More on Me + Em – Page 2707
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News
Aeon to overall supermarkets
Aeon is to overhaul the supermarkets under its umbrella.The Japanese group plans to transform 55 stores - about 10% of the total number of Jusco stores and other supermarkets in the group - in 2010.Aeon will downsize floor space for items that have not been selling well, such as clothing ...
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Marty Hamnett to retire
Marty Hamnett, general manager of supermarket operations at Australian outfit Woolworths, is to retire at the end of the financial year after 40 years with the retail giant.Formerly general manager of the company’s Big W general merchandise division, Hamnett led the integration of Progressive Enterprise, the New Zealand supermarket business ...
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News
Deal between Suning and Citicall Retail Management
Suning, one of the leading electrical appliance retailers in China, has struck a deal to buy Hong Kong-based Citicall Retail Management for $4.5m (£2.76m), sources reported. Suning is due to complete its takeover of Citicall Retail Management by March. The Shenzhen-listed enterprise wants to extend its presence in Hong Kong ...
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News
CarrefourSA to open 100 stores in Turkey
CarrefourSA, the 60:40 joint venture between Carrefour and Sabanci Ticaret Merkezi in Turkey, has announced plans to open a further 100 stores in the country, each costing €670,000 (£597,023), in 2010.The first smaller-format express store will open on January 6 in the city of Mersin in southern Turkey, CarrefourSA general ...
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News
Jumbo sales to grow
Dutch supermarket and superstore operator Jumbo is expecting total sales to grow 20% to 25% in 2010, including sales from the converted stores it acquired from Casino’s Super de Boer chain late last year.During the year, Jumbo plans to convert a further 40 Super de Boer stores to the Jumbo ...
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NewsRetailers fear big chill in 2010
M&S and Next chiefs give stark warning despite being among those to post positive Christmas trading
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NewsCity warns festive wins could reveal last of ‘low-hanging fruit’
Upgrades of general retailers are likely following some better than anticipated Christmas updates, but analysts are advising investors to pick stocks carefully.
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NewsMajestic Wine toasts 11.7% Christmas boost
Halving its minimum order size helped Majestic Wine to a strong Christmas, with UK like-for-like sales up 11.7% for the nine weeks to January 4.
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NewsHMV moves step closer to clinching Mama deal
HMV’s £46m bid for live music specialist Mama moved a step closer to conclusion this week when SMS Finance, the investment vehicle run by telecoms billionaire Silvio Scaglia, pulled out of the race.
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NewsFood price war intensifies as grocers ramp up cuts for 2010
Grocers have kicked off the new year with an intense price war, signalling a year of even tougher competition in the food sector.
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NewsTourists and the cold help department stores
Department stores have reported a bumper Christmas, during which they benefited from the cold weather and an influx of tourists drawn by the weak pound.
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NewsUniqlo seeks to expand after festive sales jump
Japanese-owned fashion retailer Uniqlo is on the expansion trail after it is understood to have delivered UK like-for-like sales up 38% in December.
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NewsDeloitte racks up an extra £5.5m in fees for Woolworths administration
The administrators of bust variety store group Woolworths have notched up an additional £5.5m in fees for their work, bringing the total so far to £9.3m.
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NewsShop Direct celebrates festive trading success
Shop Direct Group has said electricals and partywear helped it deliver strong Christmas sales, up 6.3% in the six weeks to January 1.
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NewsStore Twenty One pushes homewares
Value retailer QS is to drive homewares as it continues to expand its Store Twenty One fascia.
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NewsOriginal Factory Shop Christmas profits soar
Value department store operator The Original Factory Shop had record sales for the four weeks to December 27, helped by its position as a “non-food convenience store” according to chief executive Angela Spindler.
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NewsWorries for furniture sales after VAT rise
Furniture and homewares retailers say shoppers were out in force before the January 1 VAT rise but have warned that the outlook for the rest of the year is cautious.
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News
Swarovski eyes more openings in year ahead
Swarovski is to continue its expansion after reporting like-for-likes up 9% for the 2009 calendar year.
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NewsChristmas brings record month for My-Wardrobe
Fashion etailer My-Wardrobe.com enjoyed a record month in December, passing the £1m sales barrier in a month for the first time.
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NewsTheo Paphitis looks on as La Senza backers in talks
Former La Senza owner Theo Paphitis is understood to be waiting for the dispute between the lingerie retailer’s private equity owner and its lender to play out before deciding whether to make a move for the business.