More on Me + Em – Page 2854
-
News
Heron Frozen Foods sales jump but profits take a hit
Grocer Heron Frozen Foods has revealed a slide in its full-year pre-tax profits.
-
News
BPF calls for help with regeneration scheme funding
The British Property Federation (BPF) has called on the Government to do more to fund retail and mixed-use schemes facing difficulties.
-
News
Sales declines hit Gap profits
Sales declines across all four of Gap’s divisions have led to a 14 per cent slump in first-quarter profits at the clothing giant.In the quarter to May 2 earnings were 15m (£135.5m), down from 49m (£156.9m) the year before. First-quarter net sales were $3.13bn (£1.97bn) compared with $3.38bn (£2.13bn) the ...
-
News
Arcandor says Metro merger is no alternative to Government aid
Retail group Arcandor said that talks with Metro over a possible merger of the Karstadt and Kaufhof department store chains is no alternative to government aid. Arcandor spokesman Gerd Koslowski said: “Metro would have to bring the money we need for survival and it really doesn’t look like that at ...
-
News
Dixy Group reveals net losses
Discount food retailer Dixy Group revealed that net losses last year were RUB324m (£6.6m) compared with a RUB429m (£8.7m) profit in 2007.The losses were mainly due to foreign exchange losses following the rouble’s decline against the dollar-denominated debt in its credit portfolio, amounting to RUB1.07bn (£21.7m).It was also hit by ...
-
News
Lawson shelves plan to acquire rival
The country’s second largest convenience store chain Lawson has shelved plans to acquire rival am/pm. Lawson said it could not reach an agreement with the US-based competitor.The proposed acquisition would have cost the 9,500-store retailer ¥14.5bn (£97m). As part of the deal, am/pm wanted the majority of its 1,100 stores ...
-
News
Gamestop reveals profit hike
Games retailer Gamestop revealed a profit hike of 13.4 per cent to $70.4m (£44.4m) while like-for-likes fell 1.5 per cent in its first quarter to May 2.The world’s largest games specialist said the like-for-like decline was due to “sharper recessionary effects in Europe and a slowdown of new console sales”. ...
-
News
Unexpected profit revealed by Sears
Department store group Sears posted an unexpected first-quarter profit after slashing advertising costs and payroll expenses.The retailer also extended a credit agreement to increase the amount available to $4.1bn (£2.6bn) until March 24, 2010, and $2.4bn (£1.5bn) from March 25, 2010, to June 2012.Net income in the three months to ...
-
News
Target experiences profit fall
General merchandise retailer Target experienced a profit fall from $602m to $522m (£379.4m to £329m) in the first quarter to May 2.Like-for-like sales in its retail arm deteriorated 3.2 per cent while total sales rose 0.4 per cent to $14.4bn (£9.08bn). It is the fifth consecutive quarter that Target’s sales ...
-
News
Woolworths expects profit rise
Food and general merchandise retailer Woolworths expects a 20 per cent rise in full-year profits on the back of the sale of its stake in Woolworths Financials Services.The said its profit growth was aided by the R380m (£28.9m) it made from the sale of its stake. Woolworths is bucking the ...
-
NewsGoogle Product Search will allow price checking using mobile phones
A future where customers browse for products in stores while at the same time browsing the internet on their mobile phones looking for better deals just got a little bit closer to reality.
-
NewsReiss hires former Selfridges buyer in luxury drive
Reiss has hired a former head of buying designer brands for Selfridges as part of its drive to be the only “luxury” high street brand.
-
News
Foreign retailers welcome new Indian government
Last week India’s new government, with Manmohan Singh as prime minister, was sworn in in Delhi. Singh and the Congress Party won a decisive mandate with his pledge to tackle the impact of the global economic crisis and by ensuring growth for the country.
-
News
Coles hires UK retail veteran Tony Buffin
Grocer Coles has hired another UK retail veteran, appointing former Boots group financial controller Tony Buffin as its finance director.Buffin was most recently European managing director of Groupe Aeroplan, an international loyalty management company. Previously, he headed Boots’ international healthcare strategy team.Buffin, who takes up his role in July, is ...
-
OpinionClinton has its cards marked
Clinton Cards’ £46.4m acquisition of rival Birthdays in 2004 was one of the least surprising deals ever.
-
AnalysisMothercare: Making child’s play of growth in a recession
Ben Gordon has revitalised Mothercare with better products, a strong online presence and a focused overseas strategy. Lisa Berwin reports
-
OpinionDeliver the Essentials
Cutting prices needn’t compromise quality, as Waitrose’s new range shows, says Mark Price
-
OpinionUnemployment will hold back recovery
Unemployment and housing are factors that could prolong the recession, says Richard Hyman
-
AnalysisONS Retail Sales Index
The Office for National Statistics has admitted its Retail Sales Index may have overstated sales figures. So how has it re-evaluated its methodology and will this ensure more accurate results?
-
GalleryStore of the week: Louis Vuitton Westfield London
This is Louis Vuitton in Westfield, London, last week the scene of an opening event that featured an urban garden, created by artist Jeremy Deller. Quite what the collection of plants – contained within black plastic bin bags and resting on a straw-strewn floor – had to do with the ...