More on Me + Em – Page 2880
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NewsPrimark first half sales hit £1bn
Primark outperformed the fashion market with sales breaking the £1bn mark in its first half, but warned margins will come under increasing pressure.
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NewsAlexon rejects approach to acquire business
Fashion group Alexon has rejected an unsolicited approach from an unnamed third party wanting to acquire the retailer.
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NewsBurberry set to hit market expectations
Burberry said it will hit market expectations for its full year pre-tax profits after revenue for its second half to March 31 grew 2 per cent.
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NewsTesco posts record profits of £3.1bn
Tesco’s underlying pre-tax profits passed the £3bn mark for the first time in the year to the end of February, totalling £3.1bn, an increase of 8.8 per cent.
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Opinion
Food retailers are missing a trick
While money may be in relatively short supply, there are still plenty of affluent neighbourhoods in our larger cities where foodies are shopping in small, deli-style stores.
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NewsTesco to ramp up telecoms shops
Tesco is to double the number of in-store telecoms shops in its supermarkets by the end of the year.
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NewsLondon like-for-likes climb 5.1 per cent
London retail sales grew 5.1 per cent on a like-for-like basis in March, outperforming the UK as a whole which declined 1.2 per cent.The British Retail Consortium-KPMG figures show like-for-likes grew 5.8 per cent in January to March, while UK like-for-likes dropped 0.7 per cent.The BRC said comparisons were difficult ...
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NewsNearly 20,000 jobs threatened by business rates rise
Business rates rises could kill off nearly 600 retail businesses resulting in 19,300 redundancies by 2012, according to the British Retail Consortium (BRC).
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News
UK retains position as most international market
The UK has retained its position at the top of the international market rankings.According to a survey conducted by property agency CB Richard Ellis, the UK is still home to more international retailers than any other market.As part of the study, How Global is the Business of Retail?, 280 retailers ...
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OpinionWhy Tesco's short-term mistakes could end up being long-term triumphs
Tesco has come in for plenty of stick lately, but the grocer came out of the last recession strongly, so who’s to say it doesn’t know what it is doing this time around?
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NewsCarrefour reports ‘stable’ first quarter
International retail giant Carrefour has reported “stable” sales of €22.7bn for the first quarter of this year.
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NewsBRC demands credit insurance redress at Budget
Half of large retailers say the reduction or withdrawal of trade credit insurance has undermined their ability to trade.According to the British Retail Consortium’s Credit Conditions Survey, 40 per cent of small and medium-sized retailers also say the reduction or withdrawal has undermined their position.Two thirds of larger retailers believe ...
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News
Clouds lift as steady first quarter cheers retail industry
Mood of cautious optimism emerges that trading conditions are starting to stabilise
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NewsRobert Dyas sets out plans after buyout
Hardware chain Robert Dyas has laid out a three-year strategy to revitalise the business after completing a management buyout last week.Chief executive Steve Round, along with turnaround specialist and new non-executive chairman Ian Gray, now wholly own the business after buying out private equity firm Change Capital.The three-year plan includes ...
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NewsSuppliers chase deals for unsold Principles product
A battle is being waged between suppliers and retailers over the future of £5m of Principles stock left unsold following the administration of former parent company Mosaic.Ex-Principles directors have set up The Principles Trading Company to pay forward freighters and suppliers with stock on the water.However, Debenhams, which acquired the ...
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NewsFresh & Easy introduces review section to website
Tesco’s US Fresh & Easy operation has introduced a product review section on its website to increase interactivity with its customer base.When shoppers sample a product in stores through the US grocer’s Kitchen Table tasting area, they can then review it online.A Tesco spokesman said: “This launch forms part of ...
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NewsDorothy Perkins embarks on branded clothing trial
Arcadia-owned Dorothy Perkins has introduced non-own brand products for the first time as it seeks to drive its fashion credentials.The retailer last week introduced apparel brands TFNC and Uttam London into 20 of its stores and on its website. TFNC is also sold in some of stablemate Topshop’s stores while ...
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News
HMV calls time on trial store at service station
HMV has terminated the service station trial that it launched in April last year.The retailer said it felt there were “better opportunities that we could pursue elsewhere”.HMV said at the time it felt that service stations were an “interesting, low-risk opportunity worth exploring”. The store was located in a service ...
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NewsJane Shilton considers its options after tough year
Shoes and handbag retailer Jane Shilton could be sold as the company explores its financing options.The retailer, which sells via three standalone stores, concessions and online, is “exploring its options”, according to sources. This could include a sale or refinancing.In its last set of accounts at Companies House for the ...
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News
Shopping centre plans for Europe slow down
More than 75 million sq ft of planned shopping centre development space in Europe has been axed or put on hold as a result of the global downturn.According to a report from property agency Cushman & Wakefield, about 107.6 million sq ft of new shopping centre space will open across ...