More on Me + Em – Page 2728
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News
Carrefour plans to double store in Malaysia by 2012
French Grocer Carrefour plans to double store numbers in Malaysia to 40 by 2012. Chief executive Guillaume de Colonges said the expansion was in line with its strategy of positioning itself to be the top foreign hypermarket operator in the country.He added that the retailer was committed to growth in ...
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Retailers step up their Black Friday efforts
Retailers have stepped up their Black Friday efforts this year in an attempt to attract more shoppers to their stores during the US’s biggest shopping weekend beginning today.Department store group JC Penney (pictured) is offering more than 100 deals, an increase of 15% compared with last year. Walmart is also ...
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News
GameStop reports third-quarter total company sales up 8.2%
GameStop has reported third-quarter total company sales up 8.2% to $1.83bn (£1.12bn).New software sales rose 9.4%, while used product sales increased 19.4%, on top of the 19.3% increase in the third quarter of 2008. Like-for-like sales decreased 7.8%, attributable primarily to a decline in new video game hardware sales.
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News
Sears reports £78m net loss
Sears has reported a $127m (£78m) net loss for the third quarter ending October 31.Revenues declined $470m (£288m) to $10.2bn (£6.2bn) due to lower like-for-like sales and 56 fewer Kmart and Sears full-line stores. However, this was partially offset by an increase of $42m (£26m) due to the impact of ...
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Ahold posts a 22% uplift in third-quarter net profits
Ahold posted a 22% uplift in third-quarter net profits, but warned competition will intensify in the run-up to Christmas.The Dutch grocery group said earnings from one of its US chains, Giant-Carlisle, had been hit by intense competition from Walmart. Group net profit in the three months to September 30 was ...
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News
Media Markt signs joint venture contract with Foxconn Technology Group
Metro Group-owned consumer electronics retailer Media Markt has signed a joint venture contract with Taiwan-based electronics and computer parts manufacturer Foxconn Technology Group.It plans to opens its first store in Shanghai in mid-2010. Foxconn will hold 25% in the joint venture and Media Markt will have 75%. Initially, Media Markt ...
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News
Harvey Norman posts a 40% increase in pre-tax profit for the first half
Electricals retailer Harvey Norman posted a 40% increase in pre-tax profit for the first half.Current trading is being driven by strong franchise store sales growth and increased confidence among consumers as the impact of the global financial crisis begins to ebb.Sales for the period jumped 7.7% to AUS$1.93bn (£1.02bn), while ...
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NewsAnthropologie’s London debut a hit, says owner
US giant Anthropologie’s debut in the UK has been hailed an early success by its parent company, which said it “generated the second best opening day sales in our history”.
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NewsHigh price tag for Matalan likely to attract calls for earn-out clause
Potential buyers of value retailer Matalan are likely to demand an earn-out or similar clause in any deal with founder and owner John Hargreaves.
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NewsCath Kidston seeks local partner to support expansion in Asia
Cath Kidston has begun a search for an investment partner with local expertise as it plans to ramp up international expansion.
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NewsChaka Khan will star in a campaign for Evans
Music legend Chaka Khan is starring in a campaign for plus-size fashion retailer Evans. The singer will model a selection of clothing from the retailer’s Christmas collection.
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NewsCanadian grocers seek to dodge Walmart bullet
As Walmart ploughs ahead with aggressive Supercenter expansion across Canada, the local players have begun to accept that aiming for price leadership is not worth the battle.
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NewsPets at Home anticipates bumper Christmas
The pet specialist retailer is anticipating a bumper Christmas, hoping shoppers will take advantage of its “best ever Christmas range”.
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NewsCompliance with PCIDSS among retailers jumps
There has been a big leap in the number of UK retailers that are compliant with the Payment Card Industry Data Security Standard (PCIDSS) in the past year.
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AnalysisBringing management up to scratch
If managers aren’t properly trained, staff become disillusioned, says Sara McCorquodale
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OpinionMorrisons after Marc Bolland
The high value attributed to Morrisons chief executive Marc Bolland was evident in the share price reaction when it emerged last week that he was jumping ship to Marks & Spencer. M&S jumped 6% on the news, while Morrisons was down 5%, and Bolland was dubbed the billion-dollar man.
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Analysis
Woolworths’ property portfolio: Well worth it?
Woolworths’ collapse left a scar on hundreds of high streets as 807 stores shut. One year on, Sara McCorquodale investigates what has been re-let and who has benefited
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AnalysisCould Woolworths have been saved?
The variety store group’s collapse angered and shocked many but why did it fail, should the administrator have done more and what can be learned from its demise? George MacDonald investigates.
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OpinionWoolworths stood still for far too long
Woolies didn’t need the big central infrastructure and West End head office, nor did it need shops in expensive prime locations or grand multichannel plans. Its future lay in being the biggest store in the smallest towns.