More on Me + Em – Page 2793
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NewsConsole price cut to benefit Game
Game’s shares were expected to rise after Sony revealed a much-anticipated PlayStation 3 price cut on Tuesday.
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NewsBrokers divided as Tesco ups food ante
The retail rally lost momentum last week, although store groups were well up year on year.
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NewsMarks & Spencer launches new menswear collection
Marks & Spencer has launched a new collection of menswear staples as an extension of its Autograph range.
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NewsWarehouse adds online features to drive web sales
Warehouse has launched delivery to eight European countries.
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Home Depot’s sales plummet
DIY giant Home Depot’s sales plummeted 9.1% to $19.1bn (£11.7bn) during its second quarter. Like-for-like sales were down 8.5%.“Concerns about the housing market, rising unemployment and softness in the overall economy continue to pressure consumers,” said chairman and chief executive Frank Blake. “Our business performed well in a down market, ...
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ICA’s Scandinavian net sales jump
Ahold-owned food retailer ICA’s Scandinavian net sales jumped 5.7% to Skr46.6bn (£3.7bn) for the first half of this year, although operating profit fell 7.7% to Skr484m (£67m). ICA is struggling in Norway, where despite increased sales, its operating loss widened.In the Baltics, net sales in local currency decreased 5.8%, mainly ...
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Carrefour to invest in greener stores in China
Carrefour is to invest a further Yn50m to Yn60m (£4m to £5m) in greener stores after saving Yn100m (£9m) last year, compared with 2005 – when it first started the energy-saving investments in stores.Carrefour China said: “All of the 139 Carrefour stores in China are in the process of implementing ...
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Media-Saturn to enter Siberia
Metro Group-owned consumer electronics retailer Media-Saturn, which has been operating in Russia since late 2006, will enter Siberia in the fourth quarter of this year.The retailer runs 15 Media Markt electronics superstores in Russia. At present, Metro Group operates only cash and carry stores in Siberia.
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Barnes & Noble posts 5% decrease in second-quarter sales
Book retailer Barnes & Noble posted a 5% decrease in second-quarter sales to $1.2bn (£700m). Store sales decreased 5% to $1bn (£600m), with like-for-like sales down 6.9% for the quarter.Sales generated by the retailer’s website climbed to $102m (£62m) for the quarter, a 2% increase compared with the year before.The ...
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First-half sales at Flamingo nosedive
First-half sales at electronics retailer Flamingo nosedived 45% to ROL187m (£38m).Chief executive Stefan Treiber explained the drop had been the result of a decline in the local market, but believed problems would not continue in the second half as costs had been cut, including reducing the number of employees from ...
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Office Depot launches flagship store in Kuwait
Office Depot has launched a flagship store at The Avenues Mall, its first in Kuwait. The store covers 9,690 sq ft and offers about 5,000 products and services, including a photocopy, print and ship centre.The store has been opened in partnership with local retailer MH Alshaya and is expected to ...
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Matahari continues to experience strong growth
Department store and grocery store operator Matahari, the largest local retailer, continues to experience strong growth. Sales were up 15.3% for the first six months to June 20 to reach IDR6 trillion (£359m).However, operating profits declined due to higher operational costs, such as wages. Sales were supported by the continuing ...
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Lawson and pharmacy chain Matsumotokiyoshi agree to broad joint venture
Convenience retailer Lawson and pharmacy chain Matsumotokiyoshi have agreed to a broad joint venture that will include new stores selling over the counter medicines, in a move aiming to strengthen their competitive edge.The first store is set to open as early as next spring. The stores will combine each company’s ...
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NewsColes provides early signs of a successful turnaround
The latest results from Australian conglomerate Wesfarmers suggest that Coles, Australia’s second-largest retailer which Wesfarmers acquired in 2007, is reaping the benefits from its turnaround strategy.
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NewsVAT loophole’s potential closure could benefit stores
HMV’s store network could benefit from the possible closure of a Channel Islands tax loophole affecting etailers.
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NewsRiver Island launches maternity range
Young fashion retailer River Island is gunning for a slice of the £139m maternitywear market with a range targeting expectant mothers.
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Gap drop in profits better than feared
Clothing giant Gap experienced a better than feared 0.4% drop in second-quarter profits. Sales were down across all of the retailer’s divisions, contributing to a 7.3% decline in group net sales to $3.24bn (£2bn). Group like-for-like sales dropped 8%.The higher-end Banana Republic brand’s like-for-like sales fell 15%, while Gap and ...
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AnalysisDave Whelan: Playing to Win
Footballer turned sports retailer Dave Whelan charts the rise and fall of JJB Sports in this exclusive extract adapted from his autobiography, Playing to Win
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OpinionThe Tesco fightback starts this week
Using Clubcard to stem the flow of customers being tempted to try out its rivals is a smart move by Tesco
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OpinionA victimless crime?
The police must recognise that store theft and assault seriously affect staff, says Malcolm Walker