More on Me + Em – Page 2733
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News
RT Mart to launch flagship store in Beijing
Auchan subsidiary grocer RT Mart is to launch a flagship store in Beijing – its first in the city.The grocer, which is based in Taiwan, is fitting out the store at present and will be located in the city’s Chinatown Shopping Plaza.Auchan also recently announced plans to step up expansion ...
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Dollar General floats on the New York Stock Exchange
Dollar General, the value retailer backed by private equity house KKR, floated on the New York Stock Exchange last week.KKR still controls 89.5% of Dollar General, which would be valued at $7.7bn (£4.6bn), based on the $716m (£427.8m) raised in the IPO.The retailer has been one of the winners in ...
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US retail sales rose by more than expected in October
Retail sales rose by more than expected in October, largely due to a resurgent car market.Sales rose 1.4%, rebounding strongly after a revised 2.3% decline in September, according to figures from the Commerce Department.The increase was driven almost entirely by higher auto sales in October as demand returned following a ...
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Ahold on hunt for targeted acquisitions again
Ahold is on the hunt for targeted acquisitions again.The retailer’s E2.6bn (£2.3bn) cash pile and very low debt levels – net debt stands at about E1.16bn (£1.03bn) – mean it can now pursue growth in new and existing markets.The retailer this month hired operational managers for its European and ...
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Celesio reports a 2.9% fall in sales
Healthcare and pharmaceutical company Celesio has reported a 2.9% fall in sales to E2.54bn (£2.26bn) at its Patient and Consumer Solutions division for the first nine months of this year.Growth in local currencies was 6.1%. The division’s EBITDA declined by 3.3% to E218.6m (£194.8m). In local currency terms, this corresponded ...
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News
Woolworths and Lowe’s win final approval to jointly set up hardware stores in Australia
Woolworths and Lowe’s, the US’s second largest home improvement chain, have won final approval to jointly set up big hardware stores in Australia, acquiring domestic hardware wholesaler Danks Holdings to act as their supplier.The Australian Competition and Consumer Commission said it allowed the takeover to go ahead after Woolworths and ...
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Abercrombie & Fitch reports net income drop of 39%
Young-fashion chain Abercrombie & Fitch reported net income dropped 39% to $38.8m (£23.8m) in its third quarter.Net sales declined 15% to $765.4m (£468.9m) while comparable store sales were down 22%.At a divisional level, comparable store sales fell 18% at Abercrombie & Fitch, 22% at Abercrombie Kids, 26% at Hollister and ...
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NewsKookaï launches new-look store in London as it repositions brand
Kookaï is opening a new-look store as part of its repositioning to expand in the UK.
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NewsAsda George boss vows to hold prices when VAT rise takes effect
George at Asda managing director Anthony Thompson has vowed not to push up prices with the VAT change on January 1, as the value retailer embarks on the roll-out of a productivity scheme in Bangladesh.
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AnalysisFrom insight to action
Retail is a data-rich business, but in this market it is crucial information gets turned into insight that can be acted upon at the point where it will have the greatest impact, argues Joanna Perry
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AnalysisMarketing: The perfect message mix
Marketers have always been the biggest users of customer data. But by analysing it to create deeper insight, retailers can make their marketing budgets stretch further. Joanna Perry investigates
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AnalysisDunnhumby: A lifetime of loyalty?
Loyalty scheme operator Dunnhumby continues to innovate to provide Tesco and suppliers with the customer insight they need to make business-critical decisions
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AnalysisSocial media: Why M&S is listening to the word on the web
Marks & Spencer is starting to engage with its customers online, analysing their feedback to help make commercial decisions. Joanna Perry finds out what this insight is teaching it
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AnalysisCustomer-centricity across the enterprise
Retailers make grand statements about how customer-centric their businesses are, but where can customer intelligence make the difference to top and bottom lines, asks Joanna Perry
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AnalysisHow well do you use customer insight?
Identify where your company is on the journey to customer-centricity
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AnalysisThe lessons to be learnt from online
Properly used, customer data gleaned online can help not only web sales but the top line across all channels, says Joanna Perry
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OpinionIPO hopes hang on Christmas
The Christmas selling season got off to its now traditional start this week: Debenhams held a Sale.
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AnalysisRange rationalisation bears fruit at Walmart
Walmart’s third-quarter results indicate that Project Impact, the five-year strategy calling for improved layouts and reduced inventory, has begun to bear fruit.
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AnalysisInside Inditex
The Spanish parent company of Zara, Bershka and Massimo Dutti is notoriously secretive. Lisa Berwin takes an exclusive look behind the scenes at the Galician head office of Inditex.
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OpinionMarc Bolland is a good choice for the toughest job in retail
Marc Bolland’s big job will be to define what M&S stands for in the second decade of the 21st century. The former Heineken man is a bold and imaginative transformer of businesses and is as good a choice as anyone for retail’s toughest job