More on Me + Em – Page 2760
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NewsNational postal strike threat plagues etailers
A national postal strike would be “devastating” for some home shopping firms and local strikes in progress have already caused problems, retailers warned.
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NewsGadgetshop launches offline ad assault
Etailer Gadgetshop.com has launched its debut offline advertising campaign to bolster sales in the run-up to Christmas.
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NewsTJ Hughes results spur expansion plan
Discount department store operator TJ Hughes is pushing ahead with expansion after it reported turnover increased 9.1% to £261.3m in the year to January 31.
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NewsLand Securities retail venture to bring 10 overseas brands to UK
Property company Land Securities’ new retail offshoot Brand Empire is in talks with 10 international retailers about introducing them to the UK.
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NewsRetailers’ self-help initiatives to stave off gloom until 2011
Retail profitability may “surprise on the upside” next year but 2011 will be a “crunch year”, according to sector-wide analysis by brokers.
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NewsPotential Pets at Home IPO whets City appetite
Pets at Home’s possible float next year is likely to generate strong interest from the City, according to analysts.
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NewsFrench Connection axes Japan stores to stem loss
French Connection is to close its stores in Japan and intends to hand the operation over to a licensee in a bid to stem haemorrhaging losses at the division.
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NewsMarks & Spencer operating costs hike hits shares
Marks & Spencer’s shares fell 4.4% as the City digested last week’s second-quarter update.
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NewsSir Terry Leahy’s cheer fails to rub off on brokers
Appetite for food retailers remained poor, despite bullish comments from Tesco chief executive Sir Terry Leahy as he delivered interim results.
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Manufacturers sign to product reviews network
Reevoo has added consumer electronics brands Toshiba, Hotpoint and Sharp to its network of retailers and suppliers who use its service to publish product reviews on their sites.
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NewsCo-op overhauls IT in Somerfield integration
Co-operative Group is to spend £25m on a project to fully integrate the Somerfield business, including major IT system changes.
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NewsNext opens first dedicated shop-in-shop sportswear departments
Next has opened its first dedicated shop-in-shop sportswear departments in three of its stores.
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Discount voucher sites ready for festive bonanza
Discount voucher sites are gearing up for a busy Christmas in the expectation that cash-strapped shoppers will be hunting for festive deals online.
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Wal-Mart plans to offer more than 100 toys at £6 over Christmas
Wal-Mart is planning to offer more than 100 toys at $10 (£6) during the festive season.Last year, the grocery giant offered just 10 toys at that price point. The retailer will also, up until Christmas, match any local competitor’s advertised offer on the same toy product if it falls below ...
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Carrefour facing pressure from its largest investors
Carrefour is facing pressure from its largest investors, Colony Capital and billionaire Bernard Arnault, to sell its operations in Asia and Latin America.The call follows a drop of close to 30% in the value of Carrefour stock since the shareholders came on board in 2007.A source close to the board ...
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Pantaloon Retail reported total group income rose 31%
India-based Pantaloon Retail reported total group income rose 31% to INR76.69bn (£1.01bn) in its financial results for the year ended June 30.Net profit after minority interest declined sharply from INR219.3m (£2.9m) in the previous year to INR100.7m (£1.3m). The group is expecting to achieve 35% to 40% sales growth during ...
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Seven & I will take over about 80 kiosks at Keihin Electric Express Railway’s train stations
Seven & I, which operates the 7-Eleven chain, has said it will take over about 80 kiosks at Keihin Electric Express Railway’s train stations.This is the first time that 7-Eleven Japan will open stores in train stations. Rivals Lawson and FamilyMart already have business alliances with Tokyu and Siebu Railways, ...
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Delhaize Group enters non-binding letter of intent with BI-LO to its assets
Belgium-based grocer Delhaize Group has entered into a non-binding letter of intent with US retailer BI-LO to acquire a substantial majority of BI-LO’s assets, including associated inventory, for $425m (£266.8m).The news came in the midst of BI-LO’s bankruptcy proceedings in the US Bankruptcy Court for the District of South Carolina. ...
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Walgreens has posted record figures for the year ended August 31
Drugstore chain Walgreens has posted record figures for the year ended August 31, with sales rising 7.3% to reach $63.3bn (£39.76bn).Net earnings for 2008/09 were $2.01bn (£1.26bn) reflecting a 7% decrease from the previous year.The retailer, famed for its rapid expansion, now wants to slow the pace of store openings. ...
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Rewe Group to acquire Coop Germany’s Sky supermarket network in the south
Retail conglomerate Rewe Group is to acquire Coop Germany’s Sky supermarket network in the south of the country, comprising 39 Sky stores as well as a warehouse and office premises in Ulm.The acquisition sees Rewe strengthen its presence in Baden-Württemberg and Bavaria. The Sky stores generate around E150m (£137.8m) of ...