More on Me + Em – Page 2785
-
News
Borders reports widening losses
Book retailer Borders reported widening losses of $12.7m (£7.8m) for its second quarter, compared with a loss of $10.5m (£6.4m) for the same period last year.Quarterly sales were $616.8m (£378.1m), down 17.7% from a year ago. Comparable store sales fell 17.9% and 10.8% at Borders superstores and Waldenbooks stores respectively.Chief ...
-
News
Cencosud reports a 16% decrease in net sales
Grocery retailer Cencosud reported a 16% decrease in net sales to CLP1.24 trillion (£1.38bn) in its second quarter.The retailer was knocked by the financial crisis and adverse exchange rates in the international markets where it operates.Meanwhile, rival Falabella reported CLP832.8bn (£924.2m) sales for its second quarter, 7.8% lower than the ...
-
News
Shoprite Holdings reports turnover jump
Shoprite Holdings reported that turnover for 2008/09 jumped 24.5% to ZAR59.32bn (£4.68bn), with a 28.1% lift in profits to ZAR2.94bn (£231.9m).Most divisions reported growth, with the notable exception of furniture, which suffered from reduced demand in the face of rising unemployment and high interest rates. The group’s supermarket division ...
-
News
Australian Woolworths reports sales growth
Multi-sector retailer Woolworths – which operates supermarkets, pubs, and forecourt, liquor and electronics stores – reported group sales growth of 5.4% to AUS$49.59bn (£24.34bn) for 2008/09.Food and alcohol sales increased 9.6% to AUS$32.8bn (£16.9bn), with comparable sales rising 7.4%. New Zealand supermarket sales were up 3.9% on last year, while ...
-
News
Woolworths-Lowe’s deal signals lift for Australia
Woolworths Australia this week announced plans to move into the DIY sector with a joint venture with Lowe’s, America’s second-largest home improvement chain.
-
NewsPhones 4U's Theubar.co.uk is a virtual customer panel
Phones 4U last week revealed the uBar, a virtual customer panel that will target its core 16- to 24-year-old market. Similar to the MindBubble and New Look online research communities, the idea is that the site will be used to ask questions of the customers that get involved, but also ...
-
NewsEntries open for Oracle Retail Week Awards 2010
The deadline for entries to the 2010 Oracle Retail Week Awards, the biggest event in the retail calendar has been extended to November 6.
-
NewsNew Look valuation prompts hopes for a market revival
Valuations of prominent private equity-backed retailers are rising on the back of earnings momentum and investor appetite for quoted retailers.
-
News
D&S results
Wal-Mart’s Chilean subsidiary, D&S, reported second-quarter sales up 8.9% on the same quarter of 2008, with comparable sales also up, by 8.2%. Profit dropped 18.9% to CLP23.51bn (£26.2m).The retailer, which operates under a number of different formats such as hypermarket Hiper de Lider, said that most of the drop was ...
-
AnalysisShopfitters survey: Bumping along the bottom
It’s been a tough year and this year’s shopfitting league table shows how much the market has shrunk. But are things levelling out and are we seeing the new normal? John Ryan reports
-
AnalysisShopfitters survey: Hoping for the best
Fearing the worst but ploughing ahead seems to be shopfitters’ default approach for surviving this recession. But is the optimism coming through in this year’s National Association of Shopfitters/Retail Week survey misplaced? John Ryan reports
-
OpinionA good write-up
There’s been plenty of writing down of retail assets over the past year or two, but precious little writing up.
-
AnalysisWill retail rise to round two of VAT war?
A VAT increase is looking like an inevitability. George MacDonald asks what promotional feats retailers will need to pull off to counter the blow to consumer confidence in the January Sales season
-
OpinionNo fear of consumers cancelling Christmas
Goodbye, summer – now the serious business starts. The first week of September always has the feeling of starting a new term, and in retail it’s the most important one of the year as the four-month countdown to Christmas kicks off in earnest.
-
OpinionLessons from the highly evolved
Species evolution has a lot to teach us when it comes to developing businesses, says Mark Price
-
OpinionPreaching to the unconverted
There’s no doubt over the internet’s success as a retail channel. However, behind this success there are many factors that have changed over time, including the consumer.
-
AnalysisNeed to know... Back to school
With a market worth over £1bn, retailers battling for a stake in the back to school market are taking no prisoners. But which players will finish top of the class?
-
GalleryStore of the week: Havaianas Sao Paulo, Brazil
This impressive store really is a long way away: Sao Paulo in Brazil to be precise.
-
AnalysisGudjon Reynisson faces the challenge of restoring Hamleys
The former PE teacher is in no doubt about the weight of responsibility he bears in restoring much-loved toy retailer Hamleys to its former glory. Can he succeed, asks Nicola Harrison
-
AnalysisIs tactical behaviour damaging retailers’ long-term strategy?
Tactical behaviour to shore up top lines has been a feature of the recession as retailers compete harder for customers, but is it damaging to your longer-term strategy, asks Joanna Perry