More on Me + Em – Page 2779
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NewsJewellery chain F Hinds suffers from Christmas trading hangover
Family-run jewellery chain F Hinds reported turnover in its last financial year was down 4% to £50.8m as it suffered from poor Christmas trading.
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NewsStrong UK trading drives Kingfisher’s first-half profits
B&Q parent Kingfisher revealed better than expected pre-tax profit figures this week for the six months to August 1, driven by a strong performance in the UK.
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NewsHMV to open temporary stores for Christmas
Entertainment group HMV is to open up to 15 temporary shops over Christmas, including one in Bluewater, to capitalise on the disappearance of rivals Woolworths and Zavvi.
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NewsPrimark posts good sales despite mixed weather
Primark has continued to deliver strong sales, the value fashion powerhouse’s parent Associated British Foods revealed in its pre-close statement ahead of November’s interims.
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NewsTheo Fennell confident of turnaround
The new management of luxury jeweller retailer Theo Fennell are confident they can take the retailer “back to basics” after suffering a loss of £3.3m.
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NewsOptimism and merger talk send shares flying
Sunnier economic signs and excitement generated by some potentially massive mergers pushed the FTSE 100 to a new high for the year on Tuesday.
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NewsJane Norman outsources IT for out-of-hours
Jane Norman has introduced an out-of-hours helpdesk service from Retail Assist to support its 101 UK stores.
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NewsMoonpig seeks global growth as profits soar
Online greetings card retailer Moonpig.com is confident of continued growth and is eyeing further international markets after reporting pre-tax profits more than doubled.
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NewsBHS introduces premium lingerie range
Department store chain Bhs has this week introduced a premium lingerie range to 25 stores and online in an attempt to cash in on the growing lingerie sector.
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NewsBarratts Priceless adds user review facility to its sites
Barratts Priceless is encouraging customers to write ratings and reviews across its six websites.
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Slide in US retailers’ sales performance may be slowing
There were encouraging signs that the slide in US retailers’ sales performance may be slowing as retailers released their like-for-like sales for August.Most notably, Target’s like-for-likes improved from a 6.5% year-on-year decline in July to a decline of 2.9% in August.Like-for-like declines at club store operators Costco and BJ’s Wholesale ...
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Auchan has signed an €800m loan
Retail conglomerate Auchan has signed an €800m (£686m) loan after taking double the launch amount.Syndication proved to be straightforward for the supermarket group, which raised more than €1.3bn (£1.1bn) from the market. HSBC, Intesa, Sanpaolo, Natixis and Santander led the transaction.After being increased from €400m (£343m), lenders’ allocations were also ...
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FD Lab to launch its own toy brand in Moscow store planned for Hamleys
Retail franchise company FD Lab will launch its own toy brand in the Moscow store Hamleys was planning to make its Russian debut in until talks with FD Lab fell through last month.Skazka, which roughly translates to “fairy tale”, was developed in a matter of weeks and the four-floor store ...
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China Resources Enterprise posted a 9.6% turnover increase
Grocer China Resources Enterprise posted a 9.6% turnover increase to HK$18.98bn (£1.5bn) at its retail division for the first half ending June 30, although profit attributable to shareholders fell 27.7% to HK$276m (£21.8m).Managing director Chen Lang said: “We will continue to focus on our core businesses in order to solidify ...
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Toys R Us has reported on its second quarter
Toys R Us has reported on its second quarter ending August 1. Net earnings increased to $27m (£17m) compared with $13m (£8m) for the second quarter of last year.However, net sales were down, declining 7.4% to $2.57bn (£1.57bn). Like-for-like net sales decreased 7.2% and 3.9% for its domestic and international ...
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Family Dollar reveals a 2.6% net sales increase year on year
Discount variety store operator Family Dollar posted results for the fourth quarter ending August 30, revealing a 2.6% net sales increase year on year to about $1.81bn (£1.1bn).Like-for-like sales for the same period increased 1%. Sales for the full year reached $7.4bn (£4.5bn), corresponding to 6% growth year on year ...
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CBD eyes up acquisition prospects
Casino-owned retailer CBD is eyeing up acquisition prospects after receiving a BRL600m (£178m) funding injection.Brazilian bank Itaú Unibanco granted CBD the money after the bank sought to relax a consumer finance venture with the retailer. The bank, which has similar relationships with other Brazilian retailers, wanted to end exclusivity clauses ...
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Department store operator Woolworths posts results
Department store operator Woolworths posted results for the year to June and said that consolidated turnover rose 5.5% to R21.18bn (£1.6bn). During the same period, operating profit fell 18.1% to R1.64bn (£124m).Reduced profits from discounted food ranges were offset by improved clothing and general merchandise margins, which came as a ...
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Fast Retailing aims to lift annual sales more than sevenfold
Multinational clothing retailer Fast Retailing aims to lift annual sales more than sevenfold by 2020, to reach ¥5 trillion (£32bn).As well as entering Russia next year with its Uniqlo flagship banner, the retailer wants to add about 100 stores a year in China. The group will also be seeking to ...
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Malaysian government moots allowing foreign hypermarket operators to open convenience stores
The Malaysian government is considering allowing foreign hypermarket operators such as Tesco to open convenience stores in the country, domestic trade and consumer affairs minister Datuk Ismail Sabri Yaakob said.Malaysia has eased restrictions on foreign retailers since a 2002 ban on superstores aimed at protecting local traders. While Carrefour, Tesco, ...