More on Me + Em – Page 2792
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News
Escada files for bankruptcy
Fashion house Escada has filed for bankruptcy after it failed to line up financing and an insufficient number of shareholders of the Munich-based women’s clothing and accessories company supported a debt-restructuring plan.The bankruptcy filing will be examined by a judge who will then appoint an administrator. Escada employs more than ...
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Lidl slows expansion in Finland
According to Lidl managing director Antti Tiitola, the Schwarz Group-owned discount grocer has slowed its pace of expansion in Finland due to its increasing saturation in the market.The retailer now plans to open just two to five stores each year.Lidl has more than 130 stores in Finland, with an overall ...
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News
Shopper’s Stop managing director moves to non-exec role
BS Nagesh, managing director at K Raheja-owned multi-format retailer Shopper’s Stop, is leaving his role and moving into a non-executive position as vice-chairman of the company.As part of a company wide succession planning process Shopper’s Stop chief executive Govind Shrikhande will take over managing director duties from Nagesh and become ...
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Costco opens first Australian store in Melbourne
US-based warehouse club Costco has opened the doors of its first Australian store.Located in Melbourne, the 155,000 sq ft store attracted more than 1,000 shoppers within the first hour of trading. The store features about 3,600 SKUs comprising groceries, electronics, clothing, DVDs, books and furnishings.Fresh food is predominantly sourced locally, ...
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Best Denki set for expansion in India and Middle East
Consumer electronics retailer Best Denki will team up with Indonesian construction company Bangun Persada Tata Makmur to open stores in India and the Middle East over the next three to five yearsThe retailer already has 45 overseas stores in eight countries outside Japan, including Singapore and Malaysia, and runs a ...
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News
Pharmacy 36.6 faces bankruptcy proceedings
Pharmaceutical distributor Protek has initiated bankruptcy proceedings against Pharmacy Chain 36.6 in an attempt to recover debts owed by the retail giant.On August 4 Protek filed papers with the Arbitration Court of Nizhny Novgorod recognising the debtor TDE Pharmacy - part of the Pharmacy Chain 36.6 network - as insolvent. ...
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NewsHome Retail Group sounds alarm on credit insurance risks
Argos and Homebase parent Home Retail Group has written to its suppliers urging them not to do business with retailers that have had their credit insurance removed.
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NewsJessops hires chief executive as restructuring nears end
Jessops has appointed Select Property managing director Trevor Moore as chief executive while questions continue over the retailer’s future as a quoted company.
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NewsAdams picks fashion veteran to take the helm
Adams has appointed Brian Heilbron as its new chief executive as it positions itself as a fashion-forward kidswear retailer.
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NewsB&Q tests email discount voucher to clear stock
B&Q has embarked on its first viral marketing campaign in an attempt to drive sales and clear stock.
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NewsPeacocks ramps up web operation with site revamp
Value fashion retailer Peacocks is to relaunch its website early next year as it seeks to drive its online sales.
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NewsDutch fashion player signs for iconic store
Dutch fashion retailer The Sting has confirmed it will make its UK debut next spring in the iconic Tower Records store on the corner of Piccadilly Circus and Regent Street, as predicted in Retail Week (May 1).
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NewsLK Bennett to roll out new look
Upmarket women’s fashion retailer LK Bennett is to roll out its new-look store design that it unveiled at its 2,670 sq ft shop in Bluewater last month.
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NewsOtto seeks new HQ as it modernises UK arm
Home shopping group Freemans Grattan Holdings (FGH) is seeking a new, modern head office as part of its plan to modernise its business.
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News99p Stores celebrates its 99th opening
Value retailer 99p Stores is commemorating the opening of its 99th store in Ashford, Kent, today with free giveaways and special offers.
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News
Toy chain to up store portfolio by 50%
Toy chain Conways Toymaster is to increase its store portfolio 50% as it opens eight shops in the run-up to the key Christmas trading period.
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NewsWeak property market and good sales prompt HobbyCraft growth
Arts and crafts retailer HobbyCraft is doubling the rate of its store expansion programme on the back of strong sales and a weak property market. The retailer will open at least eight stores in the year to February 2010. Traditionally the retailer has opened just four a year.
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NewsDebenhams upgraded as margin prospects improve
City brokers have issued a raft of upgrades for Debenhams ahead of its pre-close update next month.
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NewsAnalysts bullish on WHSmith’s prospects
Analysts issued a wave of bullish notes on WHSmith’s prospects as the bookseller and stationer approaches its year end next Friday.
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NewsEuropean comeback to lift Kingfisher and Kesa
France and Germany’s emergence from recession is likely to benefit Kingfisher and Kesa, which both have big operations in the countries.