More on Me + Em – Page 2803
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News
Metro's EBIT plummets
Metro’s EBIT plummeted 20 per cent to €307bn (£260.99bn) in the second quarter due to costs associated with its efforts to restructure the business.Sales for the period dropped 3.8 per cent to €15.3bn (£13.1bn) because of currency fluctuations in Eastern Europe.Over the first half, group sales slid 3.2 per cent ...
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Retail sales fall in Germany
Retail sales fell 1.8 per cent month on month in June as the global crisis maintained its grip on Europe’s biggest economy.The drop followed a 1.3 per cent decline in May and contrast with economists’ expectations that the country’s sales would improve slightly or, at worst, be flat in June.On ...
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News
Pharmacy Chain 36.6 reports preliminary consolidated sales drop
Pharmacy Chain 36.6 reported preliminary consolidated sales dropped 13.1 per cent in the first half of the year to RUB11.63bn (£222.1m).The company’s retail sales slumped 17.4 per cent on the year to RUB8.8bn (£168m).At the end of June the company had 1,036 pharmacies in 29 Russian regions. It opened six ...
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Casino's Exito business nakes deal with Cafam
Casino is to extend its reach in Colombia through a deal between its Exito business and local grocery and pharmacy group Caja de Compensación Familiar (Cafam).Exito will run Cafam’s 38 supermarkets and hypermarkets, while Cafam will operate Exito’s 91 drugstores, giving it a nationwide presence and a total of 150 ...
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News
Brazilian supermarket sales continue to top last year's
Brazilian supermarket sales continued to top last year’s figures in June, according to the Brazilian Supermarkets Association (Abras), leading to increased optimism for growth over the year.Supermarket sales in June increased 4.8 per cent in real terms compared with June last year, the trade group said.Abras raised its forecast for ...
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Colruyt posts increased first-quarter sales
Discounter Colruyt posted first-quarter sales up 6.6 per cent to €1.67bn (£1.42bn) against the same period last year.Sales from the group’s retail business activities climbed 7.3 per cent to €1.28bn (£1.09bn). Wholesale and food service sales jumped 10.4 per cent to €287.5m (£244.4m) as a result of the growth of ...
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News
LVMH records revenue of €7.8bn
Luxury goods retailer LVMH recorded revenue of €7.8bn (£6.7bn) in the first half, reflecting a slight increase against the same period in 2008 despite the global economic crisis and a strong comparable performance.Chairman and chief executive Bernard Arnault said: “The first-half results once again demonstrate the exceptional appeal of our ...
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News
Revenues at PPR decline
Revenues at retail and luxury group PPR declined 3.6 per cent to €9.2bn (£7.9bn) in the first half.At its entertainment fascia Fnac, sales in its home market were down 5 per cent. Fnac’s operations in Belgium, Portugal and Brazil showed solid growth, whereas sales in Spain continued to deteriorate, dropping ...
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News
Wesfarmers has a better outlook for Australian retail sector
Multi-sector retail group Wesfarmers has revealed that it sees a better outlook for the Australian retail sector as global economic conditions start to improve.Chief Executive Richard Goyder said “the world was pretty grim” at the beginning of the year, but added: “It’s certainly better now than it was then.”Goyder added ...
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NewsHow does Sainsburys.co.uk compare?
Last week Sainsbury’s launched its non-food offer online. But how does the site compare with those of rivals Tesco and Asda?
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NewsMonsoon to ditch men’s clothing as it shifts focus
Monsoon is axing menswear to make room for an improved womenswear offer.
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NewsHMV seeks fashion links to extend range
HMV is in talks with apparel retailers and brands with a view to ramping up its clothing offer, as it continues looking beyond its traditional categories to increase revenue.
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NewsMothercare relaunches its maternity range
The mother and baby retailer has relaunched its maternity range to focus on fashion and comfort.
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NewsAsda builds social site to push transparency
Asda is to launch a social networking website next week as part of its plan to become a more transparent business.
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AnalysisKKR set to reap rewards with Dollar General float
Speculation that private equity firm KKR is considering returning its most successful investment, discount chain Dollar General, to the stock market is unsurprising.
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AnalysisJeremy Seigal says AS Watson is back on track
In his first interview since taking the helm of Superdrug owner AS Watson, Jeremy Seigal tells Jennifer Creevy the business is back on track
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OpinionWhy retail leaders are hot property
By the time you read this issue, Simon Fox might have been announced as chief executive of ITV. Then again, the HMV chief executive might have decided to stay put. Fox’s phone has been going straight to voicemail this week as one of retail’s quiet men found himself thrust into ...
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OpinionSector suffering a systems failure
Retail systems are now so complex they can make the basics impossible, says Simon Burke
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OpinionIn celebration of stores’ worker bees
Ubi mel ibi apes is a classical adage for our age. Literally meaning “where there is honey there are bees”, it is a metaphor for the effort that lies behind success and the sweet reward for those who support it.
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AnalysisNeed to know... Spotify
Streaming site Spotify offers an alternative distribution model for music, but can it prove a money maker and does it pose a threat to traditional retailers?