More on Me + Em – Page 2812
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NewsPerfume Shop pricing helps fend off recession
AS Watson-owned The Perfume Shop has said it is “well positioned” in the recession as it seeks to raise awareness of its value-priced offer.
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Carrefour sales fall
Carrefour, the world’s second-biggest retailer, said second-quarter sales fell 1.2 percent, hurt by weaker western European markets, lower petrol prices and exchange rates.The drop to €23.4bn (£20.1bn) was slightly less than some analysts’ forecasts. Half-year sales were €46.2bn (£39.8bn). Carrefour group chief executive Lars Olofsson described half-year sales as “resilient”, ...
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Schlecker interested in buying Woolworths Germany stores
Chemist Schlecker is understood to be interested in buying some of the stores of insolvent retailer Woolworths Germany. The health and beauty giant would convert the shops to its Schlecker XL fascia.Other retailers interested in snapping up some of the 160 stores are thought to be discount grocers Lidl and ...
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Metro unveils turnaround programme
Metro has unveiled a turnaround programme for its flagging Cash & Carry wholesale business. The turnaround programme is based on three core targets of growth, restructuring and innovation.Metro Cash & Carry said the programme will improve its earnings development and open up additional sales potential. The grocer’s growth strategy includes ...
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Casino reports a 1.9 per cent fall in Q2 sales
Supermarket group Casino reported a 1.9 per cent fall in second-quarter sales, broadly in line with market expectations. Sales were weighed down by lower petrol prices and declines at its French hypermarkets.Second-quarter sales fell to €6.82bn (£5.87bn). The retailer said that underlying sales excluding petrol and calendar effects rose 1.1 ...
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Indian government confirms commitment to protecting smaller retail businesses
The Indian government has confirmed its commitment to protect smaller retail businesses in a move some suggest signals that the retail sector in the country will not be opened further.India’s minister of state for commerce Jyotiraditya Scindia said: “The government is fully committed to securing the legitimate interests of all ...
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Woolworths Australia sets its sights on the hardware sector
Woolworths Australia has set its sights on the hardware sector in an attempt to challenge Wesfarmers. The chain, which tried to buy hardware chain Mitre 10 earlier this year, is reported to be plotting its own entry into the market.Former Harvey Norman executive Richard Champion now manages the retailer’s bulky ...
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NewsOcado.com is making an impression
“Loving the Ocado iPhone app – just did the shopping on the bus,” one Londoner enthused on Twitter last week, just hours after the online grocer launched on the Apple smartphone.
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NewsNew Orange formats to focus on service
Mobile phone operator Orange is to trial two new store formats as it seeks to drive a customer service ethos.
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NewsQD unveils new blueprint for stores
Value chain QD Stores has remodelled its Aylesbury shop in Buckinghamshire and will roll out the design to all new stores.
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NewsLakeland on mission to double its portfolio
Homewares retailer Lakeland wants to double the size of its store portfolio within the next five years.
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NewsTM Lewin weighs options as backer moots an exit
TM Lewin is exploring new financing options but its management hope to retain a majority shareholding.
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NewsTed Baker to launch new casualwear brand
Ted Baker is to launch a new casualwear brand, Born by Ted Baker, which will have its own identity and website. The brand will launch in separately merchandised store areas in mid-August and will have a lower price point than the rest of its range.
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NewsSelfridges opts for pantomime-themed festive collection
The iconic department store chain is going slapstick this Christmas with a pantomime-themed festive collection, including a £16,000 “dame dress” from designer Alexander McQueen.
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Golden Gate Capital agrees to buy Eddie Bauer Holdings
Private equity firm Golden Gate Capital has agreed to buy Eddie Bauer Holdings for $286m (£172.9m) in cash after an auction for the bankrupt US outdoor and fashion retailer. US-based Golden Gate said that it has agreed to keep open most of Bauer’s 370 stores in the US and Canada.Bauer, ...
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NewsRelief for US retailers as lender avoids collapse
Embattled US retailers faced a potentially crippling hammer blow last week as bank CIT Group teetered on the edge of bankruptcy.
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Wal-Mart develops worldwide sustainable product index for suppliers
Wal-Mart is developing a worldwide sustainable product index for suppliers in an attempt to establish a single source of data for evaluating the sustainability of products.The initiative will run in three phases: surveying its more than 100,000 suppliers; helping create a consortium of universities that will collaborate with suppliers, retailers ...
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PetSmart considers expanding its services
PetSmart, America’s largest pet store chain, is considering an expansion into in-home services, including dog walking and setting up home aquariums, in an effort to distinguish itself from retailers such as Wal-Mart.PetSmart is in the early stages of developing ways to provide the services, according to the retailer’s new chief ...
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OpinionNext boss Simon Wolfson excels again
Next boss Simon Wolfson is making a habit of beating expectations. So good has recent performance been that Next brought forward its trading update and upped internal profit forecasts by £30m.
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AnalysisCan Kingfisher's Castorama triumph in Russia?
Russia may be hard to crack but Peter Høgsted vows Kingfisher’s Castorama chain can win DIY share there. Nicola Harrison reports from St Petersburg