More on Me + Em – Page 2881
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News
Play.com spurred by sales in home entertainment
E-tailer Play.com has stormed ahead of its sales expectations in the year to date, led by demand for home entertainment products such as DVDs.Chief operating officer Stuart Rowe said: “We are ahead of budget with customers spending in all areas with lower price points. We are not selling as many ...
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News
Debenhams launches outlet site to tap into shift in shopper habits
Debenhams will launch an outlet store online on Monday, allowing customers all-year-round access to products at prices up to 70 per cent cheaper than in its stores.
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NewsDwell seeks foothold in concessions arena
Mid-market furniture chain Dwell is opening department store concessions for the first time as it seeks to widen its appeal.The retailer opened its first concession in Selfridges on London’s Oxford Street this week, taking a 4,000 sq ft space, and is in talks to open in House of Fraser at ...
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NewsSpar to use eco-store elements in Nottingham Eurospar
Spar will use elements of its store of the future in Northern Ireland in the first Eurospar to open on the mainland next month.
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NewsOriginal Factory Shop plans its ‘biggest year ever’ for new stores
Value retailer Original Factory Shop revealed customer numbers were up 12 per cent in the 14 weeks to March 29 as it prepares for its “biggest year ever” for store openings.The 105-store retailer’s like-for-like sales rose 12 per cent over the period, while total sales went up 29 per cent.Original ...
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NewsJD Sports to expand fashion as full-year results impress
JD Sports Fashion chief executive Barry Bown has laid out plans to up the retailer’s fashion offer as he pleased the City with a solid set of full-year results.Bown plans to expand the Bank fascia from 54 to 150 stores in the next five years and will launch transactional Bank ...
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NewsBrokers cut forecasts over concern for Next
Two big brokers have issued bearish notes on Next, fuelled by concerns ranging from the impact of price rises to management continuity and strategy.ING initiated coverage last week with a sell note, just days after Credit Suisse cut its forecasts.Discretionary demand for mid-market clothing and gross margin pressure were among ...
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News
Sector shares rise a false dawn, analyst warns
The retail sector’s recent strong share price performance may be outpacing reality, broker Altium has warned.Altium analyst Dave Stoddart said that store shares’ rise in the first quarter was understandable given expectation of economic recovery next year and precedents.But he cautioned: “We are not persuaded that those precedents accurately capture ...
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NewsBurberry downgraded after rally
UBS last week downgraded Burberry from neutral to sell after the upscale fashion group’s stock rose by 30 per cent the previous week.Burberry posts fourth-quarter sales next week and finals in May. “If there is no positive surprise with the trading update, we think the stock may come under pressure,” ...
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NewsBrokers unmoved by surging retail stocks
Rocketing store shares prompted open-jawed amazement on the part of some analysts, who are convinced the market has got ahead of itself.Fresh back from his holidays, Pali’s Nick Bubb clocked the “astonishing” surge of the past few weeks but maintained his bear stance.“Green shoots can quickly shrivel and we are ...
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NewsMen’s fashion brand Boggi enters the UK
Italian menswear retailer Boggi has entered the UK market with a store in the West End of London and plans to open at least four more in the Southeast.It has opened on Jermyn Street – famed for its upmarket tailored menswear stores – and has signed for a second unit ...
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NewsFashion Retail Academy students’ idea to represent UK
An e-tail idea created by students from the Fashion Retail Academy, Updatemywardrobe.com, will represent the UK in the Retail Futures Challenge at the World Retail Congress.The students were asked to come up with a business idea they believe represents the future of the sector and ...
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NewsJapan’s government steps in as spending plummets
Japan’s government last week laid out plans to plough an extra ¥10 trillion (£68.2bn) into attempts to stimulate its ailing economy.Retail sales have been a big victim of the country’s economic travails and fell to their lowest levels for seven years in February.Japan’s finance minister Kaoru Yosano has labelled the ...
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NewsJohn Lewis reports strongest week of year
Department store group John Lewis has reported its strongest week of the year to date, with sales down just 1.5 per cent.For the week ending April 11, John Lewis said it had been fortunate “to enjoy a more clement spring for the season as a whole” and trade has done ...