More on Me + Em – Page 2747
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NewsDon’t ditch Royal Mail, urges Amazon chief Brian McBride
Amazon UK chief executive Brian McBride has urged retailers not to turn their backs on Royal Mail as strike action continues to threaten online retailers.
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NewsAsos’s launches its outdoor advert campaign
Fashion etailer Asos launched its first outdoor ad campaign last Friday.
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Harvie & Hudson opens first store in two decades
London-based upmarket shirt retailer Harvie & Hudson is to open a store for the first time in 23 years.
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NewsMicrosoft launches its first retail store in Arizona
Microsoft has launched its first retail store, at Scottsdale in Arizona.
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Spencer’s to focus on hypermarkets and private labels to improve profitability
Food and general merchandise retailer Spencer’s is to focus on hypermarkets and private labels in an attempt to improve profitability.The retailer, which is owned by Indian conglomerate RPG Group, will invest INR1bn (£12m) in rolling out 10 hypermarkets and 15 small-format stores this financial year. It also wants to double ...
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Quelle to close
German mail order retailer Quelle, owned by embattled department store owner Arcandor, is to close after attempts to sell it failed.Up to 7,000 employees are set to lose their jobs. Arcandor, which also owns the Karstadt department store chain, filed for bankruptcy protection in June. The German government had granted ...
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Carrefour to expand in China
Despite ongoing speculation in the Chinese press that Carrefour is coming under shareholder pressure to exit China, it is to expand its presence in the Chengdu region with two new hypermarkets this year, and more in 2011.General manager of central and western China Arnaud Dupont said Chengdu had “huge market ...
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RadioShack reports a 3.1% decline in net sales
For the third quarter ending September 30, 2009, RadioShack reported a 3.1% decline in net sales to $990m (£606m).Comparable same-store sales for company-operated stores and kiosks declined 2.9%, driven primarily by sales declines in digital-to-analog converter boxes, laptop computers, batteries, wireless accessories, and GPS products.Operating income plummeted 18.3% to $69.4m ...
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Metro Group starts work on first cash & carry stores in Egypt
Metro Group has started work on the first of potentially 23 cash & carry stores in Egypt. The store, in Cairo, is scheduled to open early next year. Metro originally intended to enter the market in late 2009 but then postponed it to 2010. The plan involves having a network ...
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Sales at Pick ’n Pay jump 12.3% year on year
Sales at food and general merchandise retailer Pick ’n Pay jumped 12.3% year on year to R26.6bn (£2.2bn) for the first half to August 31, 2009.The company said its continuing operations have gained 0.4% of market share in the period, with significant gains in every fresh food category, adding that ...
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X5 Retail Group's multi-format strategy helps it combat recession impact
X5 Retail Group said its multi-format strategy has allowed it to circumvent some of the harsher effects that the economic downturn has had on consumer spending in the country.X5 has posted relatively stable like-for-like sales growth since the onset of the economic crisis, outperforming its competition, chief executive Lev Khasis ...
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Coles posts better than expected results
Coles posted better than expected results for its first quarter to September 27, thanks to rising food and alcohol sales.The grocer’s food and alcohol sales rose 7.3% compared with the same period a year earlier, and were up 6.1% on a same-store basis. Fuel and convenience sales climbed 6.5% and ...
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NewsLotte Shopping acquisition cements Asian ambitions
Lotte Shopping’s recent revelation that it is to acquire Chinese hypermarket operator Times has once again re-emphasised the South Korean retailer’s new-found thirst for internationalisation.
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NewsAllied Carpets revamp
Allied Carpets has refreshed its store environments to move the design away from its previous “hard to navigate stores and soulless interiors that neither excite nor invite”.
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Walmart to focus on international growth and store revamps
Walmart has outlined its growth plans for next year, intending to focus on international growth and store revamps in its domestic market.In the US, Walmart will continue to focus on store revamps. By next month Walmart US will have completed Project Impact remodels at more than 30% of its 3,538 ...
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NewsSainsbury’s takes eco-model to Bath convenience shop
Sainsbury’s will open its first environmentally friendly convenience shop in Bath in early November.
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OpinionIs Matalan really worth £1.5bn?
Would you buy a business from John Hargreaves? For the sake of clarity, that’s as much a compliment to him as it is a caution to others.
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AnalysisKeeping up with the new consumer
The recession has transformed shopper attitudes to value, a PwC study has found. George MacDonald examines how mid-market retailers can adapt.
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OpinionCreating opportunities out of today’s adversity
Beneath the debates over when the recession is going to end, whether shoppers will come out for Christmas, and how bad 2010 will be, there’s a quiet revolution going on in non-food retail.
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OpinionArmbands on the Titanic
It’s a funny word, ombudsman. Apparently it’s Old Swedish in origin, and Sweden established a Parliamentary Ombudsman as long ago as 1809.