More on Me + Em – Page 2755
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NewsJohn Lewis sales up 13%
Total sales at John Lewis grew 13.3% on last year for the week to October 10.
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NewsCarrefour to pull out of Russia
Carrefour is to pull out of Russia just months after opening its first stores in the country.
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NewsClinton Cards reports improvement in second half
Clinton Cards has reported a marked improvement in second half like-for-like sales after reducing borrowings and ditching its loss-making Birthdays business.
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US Retail sales rise
US Retail sales have risen for the first time since the financial crisis started in September last year.This year, September’s sales were up 1.1% on the same month last year, according to the Retail Metrics like-for-likes sales index. The rise was attributed to stronger autumn fashions, more aggressive promotional activity ...
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Maxeda h1 sales flat
Variety retail group Maxeda has posted a 0.1% rise in net sales for the first half of this year. Net sales amounted to e1.6bn (£1.4bn) while same-store sales declined 1.9%.Operating EBITDA for the Netherlands’ largest non-food retailer decreased 3.7% to e100m (£86m). In the first half of the year, Maxeda ...
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PPR to float CFAO
Luxury and retail group PPR has announced plans to float its CFAO distribution unit.The African division will be floated on the Euronext stock exchange in Paris by the end of the year, subject to favourable market conditions. The high-growth CFAO unit generated sales of e2.86bn (£2.45bn) last year.
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Gianni Versace plans Japan exit
Designer fashion brand Gianni Versace plans to exit the Japanese market due to a slowdown in consumer spending.Its three stores in Tokyo, Osaka and Chiba will be shut and liquidation measures are expected to be complete by the end of the year. “The Versace boutiques in Japan no longer represented ...
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JC Penney signs Liz Claiborne licensing deal
US Department store chain JC Penney has signed a licensing agreement with Liz Claiborne to exclusively sell its namesake line of clothing in stores beginning in autumn next year.The 10-year deal includes 30 categories from apparel and accessories, including jewellery, shoes anda home merchandise. After five years, JC Penney will ...
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Family Dollar Store profits up
Family Dollar Stores posted a 25% net income increase to $291.3m (£178.2m) for the financial year ending August 29, up on the $233.1m (£142.6m) reported the year earlier. Operating profit, as a percentage of sales, was 6.1% for the period compared with 5.2% last year. Sales were $7.4bn (£4.5bn), a ...
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X5 Retail Group sales up 24%
Russia’s country’s largest grocery retailer X5 Retail Group reported net retail sales increased 24% year on year in the third quarter to RUB65.7bn (£1.3bn).Like for like sales grew 8% year on year, supported by 7% traffic growth. Customer traffic at its discounter, Pyaterochka, surged 12%, driving like-for-like sales growth of ...
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Fast Retailing profits up 14%
Fast Retailing has reported that net profit rose 14.4% to ¥49.8bn (£315m) for the financial year ended August 31. Sales rose 16.8% to ¥685.04bn (£4.3bn).The clothing store operator will seek to expand its Uniqlo stores in Asia from 76 to 132 over the next year. Fast Retailing, which aims to ...
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NewsM&S to review store estate for digital age
Marks & Spencer is to review its 668-store portfolio as online threatens squeeze on store sales
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NewsAldi lines up new managing director for UK
Discount grocer Aldi is to transfer its managing director for buying in Australia to lead the business in the UK.
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NewsBanana Republic close to signing third UK store as it prepares to open at Brent Cross
Updated: Fashion brand Banana Republic is on the verge of signing a deal for its third UK store as the retailer prepares to open its second shop in shopping centre Brent Cross
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NewsH&M and HMV target Oxford Street Zavvi site
Entertainment retailer HMV and fashion chain H&M are in the final stages of signing for shops in the prominent former Zavvi store at the east end of London’s Oxford Street.
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Shop Direct’s Very gets off to sell-out start
Shop Direct Group has said its new Very offer had a promising start, which was rebranded from Littlewoods Direct in July.
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NewsIrish government called on to honour rent pledge
Leading retailers on Ireland’s top shopping street have petitioned the European Parliament to flag up the “anti-competitive” upward-only rents system amid fears that the Irish government is “dragging its heels” on its pledge to abolish the system.
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NewsAsda’s Andy Clarke promises to hire more disadvantaged youth
Asda is to launch a three-year campaign to hire more young people, as chief operating officer Andy Clarke said “something needs to be done to give young people a chance”.
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NewsTV ads mark HobbyCraft brand shift
Arts and crafts retailer HobbyCraft is staging its first TV ad campaign in three years following a brand “reappraisal” that has also led the retailer to launch its first customer magazine.
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NewsShopper certainty ‘won’t recover with economy’
The majority of shoppers will be more careful about spending money in the future than they are currently regardless of economic recovery, according to research published by grocery analyst IGD.