More on Me + Em – Page 2858
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NewsSir Stuart Rose claims record share ‘bounce back’ for M&S
Marks & Spencer has pulled off its biggest market share “bounce back” in more than a decade, executive chairman Sir Stuart Rose claimed.
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NewsHouse of Fraser launches designer-inspired collections in Linea range
The department store group has launched designer-inspired collections for its Linea range as it aims to drive sales from the own-label.
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NewsWaterstone’s plans to relaunch website
Bookseller Waterstone’s is to relaunch its website in an attempt to provide improved functionality for a better shopper experience.
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NewsPeacocks and New Look make appointments to drive growth
Value fashion retailers Peacocks and New Look have shaken up their senior teams as they plough on with expansion plans.
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Doubts cast over grocery ombudsman
No voluntary agreement on creating a grocery ombudsman is likely and some industry sources believe the proposal could even be canned.
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NewsEx-WHSmith man to run British Bookshops & Stationers
British Bookshops & Stationers’ new owners have drafted in former WHSmith director John Simpson to return the business to profitability.
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Cash Generator to expand in Scotland
Second-hand retailer and pawnbroker Cash Generator is to double its portfolio of shops in Scotland as it seeks to up its nationwide presence.
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NewsCautious brokers upgrade Kingfisher on Q1 prospects
Brokers have increased profit forecasts for DIY giant Kingfisher in expectation of a good first quarter but remain cautious about longer- term prospects.
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Burberry optimistic despite profits slump
Shoppers are still splashing out on Burberry products, the luxury group maintained, despite its recent profits fall.The retailer, which suffered a 12.5 per cent drop in pre-tax profits to £175m for the year to March 31, described the past year as the “most challenging” that the luxury sector has faced. ...
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Hefty restructuring and poor trading hits Kesa
International electricals group Kesa will book restructuring charges of £9m and e10m (£8.8m) respectively at UK arm Comet and Spanish division Menaje Del Hogar.
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DSGi cuts loose Hungary operation
DSGi has sold its nine Electro World stores in Hungary for e1. All operations and staff will transfer to new owner EW Electro Retail, which is backed by a consortium of investors.
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NewsMarks & Spencer’s profit plunge triggers shares slide
General retailers were down over the week as Marks & Spencer posted a profits fall and investors took profits. Marks & Spencer’s lower profits were expected but some analysts were disappointed with what Pali International analyst Nick Bubb called an “underwhelming” accompanying statement.
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NewsHeal’s drives e-tail sales after site relaunch
Upmarket furniture retailer Heal’s expects its website to account for up to 16 per cent of its sales after relaunching the site.
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EBay clinches legal victory over L'Oréal
EBay has claimed victory in a Paris court case brought against it by cosmetics giant L’Oréal over counterfeit perfumes on eBay’s website. The court ruled in favour of the internet auction site and said that it was not liable for the fake products and had met its obligations to combat ...
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Belgian Delhaize to buy final stake in Greek Alfa-Beta
Belgian supermarket group Delhaize is to buy the outstanding 34.7 per cent stake in its Greek subsidiary Alfa-Beta.Delhaize said it would offer E30.50 (£26.88) a share. It became the principal shareholder of Greece’s second-largest food retailer in 1992.Delhaize chief executive Pierre-Olivier Beckers said he intends to operate Alfa-Beta with “no ...
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Supermarket chain Gimenes to be split between Carrefour and Associação Ricoy
Brazil Carrefour and local operator Associação Ricoy, comprising seven local grocers, will split supermarket chain Gimenes between them in a deal worth BRL60m (£18.9m), according to Gimenes’ creditors.Gimenes filed for Chapter 11 bankruptcy in December. 10 of its 23 units in São Paulo will go to Carrefour for BRL45m (£14.1m), ...
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Metro seeks government intervention for rival's state support request
Metro has called on the German government to reject a request by its rival Arcandor for state support as it seeks to acquire the latter’s department store chain, Karstadt.Metro chief executive Eckhard Cordes wrote to the government outlining a “commercial solution” that would not need state intervention. Cordes has denied ...
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Retail sales in New Zealand and Singapore fall by record amounts
Retail sales in New Zealand and Singapore have fallen by record amounts, while consumer confidence among Japanese shoppers has risen. Retail sales in New Zealand in the first quarter fell by a seasonally adjusted 1.2 per cent year on year, as consumers face rising unemployment. Retail sales in Singapore fell ...
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NewsIkea exercises caution as furniture market toughens
Ikea group president and chief executive Anders Dahlvig has offered some words of warning for retailers in the Western world.
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NewsPrinci is the new heart of Soho while Game fails to wow
Howard Saunders, creative director, Echochamber, explains his choices for ‘Good shop, bad shop’