More on Me + Em – Page 2764
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News
Hudson’s Bay Co considers IPO
Department store operator Hudson’s Bay Co is considering a public stock offering in the first half of 2011.President and chief executive Richard Baker said that although “nothing’s final”, the company was in talks over a listing on the Toronto Stock Exchange. “The offering could include all or part of Hudson’s ...
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Rite Aid Q2 sales down 2.7%
Year-on-year sales at pharmacy chain Rite Aid declined 2.7% to $6.3bn (£3.9bn) for the second quarter to August 29.The slide was attributed primarily to store closures and non-pharmacy same-store sales. Overall, same-store sales fell 1.1% for the quarter, with a 4.9% decrease in non-pharmacy sales and a 0.8% increase in ...
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Casino hypermarket format targets women
Hypermarket operator Casino has launched a store format targeting female shoppers.Located in Montpellier, France, the Géant Casino Odysseum has a sales area of 130,000 sq ft and focuses on fresh produce, private labels, textiles, homewares and leisure categories.Signage throughout the store is designed to connect with the customer, with sections ...
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Polish retail sales continue to rise in August
Polish retail sales continued to rise in August, increasing 5.2% year on year.The increase follows a 5.7% rise in July.A stable unemployment rate of 10.8% helped drive demand. This is in sharp contrast with nearby Hungary, where unemployment continues to rise, partly due to a decline in demand for Hungarian ...
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Carrefour enters Iranian market
Four months after opening its first store in Pakistan, Carrefour has entered the Iranian market via its Middle Eastern franchise partner, Majid Al Futtaim (MAF). The first hypermarket opened in Tehran. As in Pakistan, the store trades under the Hyperstar banner, rather than Carrefour.The store, which is open seven days ...
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Cencar expands loyalty programme
Carrefour’s operator in Thailand, Cencar Co, is stepping up its customer loyalty and retention programmes to better compete with rivals Tesco Lotus and the Casino-owned Big C chain.The retailer has dedicated THB50m (£937,894) towards the “Carrefour Month 2009” campaign, which will reward loyalty cardholders with discounts at 37 stores ...
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Pantaloon Retail sales up 31%
Pantaloon Retail’s net sales rose 31% to INR76.69bn (£994.8m) for the year to June 30.Net profit at the group, which is Indian’s largest retailer, plummeted from INR219.3m (£2.84m) the year before to INR100.7m (£1.3m).The decline was primarily due to rising employee costs, depreciation and interest charges.Kishore Biyani, chief executive of ...
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Aldi records £39m profit in Australia
Aldi’s discount store network in Australia delivered a profit of AUD72.6m (£39.19m) last year, on total Australian sales of AUD1.85bn (£998.6m).Aldi, which entered Australia in January 2001 and recently opened its 200th store there, has been profitable for the past three years. ”We have strong expansion plans for Australia ...
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NewsBoots eyes more drive-throughs after trial success
Boots is to expand its drive-through pharmacy business on the back of soaring sales at its trial location.
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NewsIndigo scores for Marks & Spencer as sales hold firm
Marks & Spencer has hailed the launch of its Indigo casualwear range a success after selling 350,000 items since its debut at the start of September.
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News
Bay to ditch two thirds of shops in concession focus
Bay is to exit two thirds of its shops as it drives its concessions business and launches an online operation.
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NewsSchuh overhauls website as profits defy market woe
Fashion footwear retailer Schuh is to relaunch its website next month after outperforming the market with a 21% leap in EBITDA for the year to March.
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NewsInditex store expansion assault pushes UK operation into loss
The UK subsidiary of Spanish fashion giant Inditex has plunged into loss after investing heavily in developing the business.
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NewsJessops focuses on return to profit after debt-for-equity rescue deal
Camera specialist Jessops said it is well placed to restore profitability after completing a debt-for-equity rescue deal.
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NewsGIVe debuts on Regent Street
Fashion entrepreneur George Davies opened his first GIVe store on London’s Regent Street on Wednesday.
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New Look in the frame for public offering in 2010
Retail IPOs moved a step closer this week as speculation mounted that New Look is gearing up for a £1.7bn flotation early next year.
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NewsSainsbury’s to bolster non-food business
Sainsbury’s is to focus on strengthening its non-food business to form a “cohesive” general merchandise offer following the promotion of Adrian Mountford to director of general merchandise.
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Robert Dyas plunges into red with £10m loss
Hardware chain Robert Dyas has plunged into the red, posting a pre-tax loss of £10.4m for the year to March 28.
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News
John Lewis Cardiff sales ahead of target
John Lewis opened its 28th branch last week in Cardiff and reported that sales soared 20% ahead of target on opening day.
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NewsJJB Sports first-half losses skyrocket as suppliers hold back stock
JJB Sports has continued to struggle with a poor stock position as it battles on in its survival fight.