More on Me + Em – Page 2884
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NewsInterest rate kept at 0.5 per cent
The interest rate has been kept on hold at 0.5 per cent after a series of sharp cuts over the past six months.The interest rate now stands at an all time low, after the Bank of England progressively slashed it from October’s 5 per cent in an effort to kick-start ...
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NewsDebenhams and Asda suits a sign of the times
Debenhams has proclaimed that “any woman can wear rubbish and look good”, with the launch of a new suit made from recycled plastic bottles.Each suit is made from 50 bottles which are melted down and woven in to a “soft but hard-wearing” type of polyester, said the department store retailer.The ...
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NewsSainsbury’s to improve product availability with new supply chain systems
Sainsbury’s is to transform the management of its supply chain to improve stock availability through a five-year deal with IBM.IBM will introduce new systems to help Sainsbury’s and its 4,000 suppliers find smarter ways of managing the supply chain and support continued growth in the grocer’s business.Sainsbury’s will use an ...
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NewsJohn Lewis weekly sales hit by Easter comparatives
Sales at John Lewis have suffered from the calendar effect of the fall of Easter this year, slumping 6.7 per cent in the week to April 4.
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NewsSir Philip Green’s plan to transform Topshop London flagship
Arcadia owner Sir Philip Green is to build on Topshop’s groundbreaking US launch in New York with a revamp of the chain’s London flagship in time for Fashion Week.
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Landsbanki director to sit on board of Hamleys
Hamleys has appointed a Landsbanki representative to its board and reiterated that the nationalised Icelandic bank does not intend to sell its majority stake.
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NewsNew Look’s Phil Wrigley calls for unity on retail battles
New Look chairman Phil Wrigley has urged retailers to work together to support industry bodies to maintain the health of the retail sector.
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NewsJD Sports launches discount clothing site
JD Sports Fashion this week launched its discount apparel site Getthelabel.com.
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DIY chains prepare Easter ad campaigns
DIY retailers are gearing up for the crucial Easter trading period with a series of high-profile marketing campaigns, but trade could be hit by changeable weather.
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Slaters roll-out continues
Menswear retailer Slaters opened its 25th store in Swansea last week and said it believed customer service was key to riding out the downturn.
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Midcounties Co-op bucks trend with profits boost
The Midcounties Co-operative has bucked the economic downturn to report a 35 per cent uplift in full-year profits to £16.2m.
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Dune enters into talks with staff at Shoe Studio
Dune is in consultation with Shoe Studio staff as it seeks to slim down and integrate its newly acquired footwear business.
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NewsCargo to open garden centre concessions
Furniture and homewares retailer Cargo will this week launch its first concession in a garden centre as it seeks to widen its appeal.
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Local produce sales rocket at Asda
Asda scored a 41 per cent uplift in locally produced-food sales last month in England and Wales compared with the same period last year.
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Strong range and academic focus help Blackwell defy downturn
Academic bookseller Blackwell is defying the slump in the book industry, with like-for-likes up 2 per cent in its financial year to date.
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NewsPerfectHome accelerates expansion
Rent-to-buy specialist PerfectHome is ramping up its store expansion as cash-strapped shoppers drive sales.
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NewsGermany’s Butlers plots UK comeback
German homewares retailer Butlers, which offloaded all but one of its UK shops last year, is gearing up to open a tranche of new stores.
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NewsMothercare to pave way for global e-tailing as sales soar
Mothercare plans to open up its e-tail business globally by enabling customers in all of the 51 countries it operates in to buy online.
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Mamas & Papas debuts in Saudi Arabia
Mamas & Papas has opened its first three stores in Saudi Arabia with franchise partner Al Tayer Group, including one in the capital Riyadh.
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NewsTesco’s management incentives ‘best in class’
Tesco’s management incentive scheme is the most likely among those of the big grocers to encourage strong performance, broker Bernstein has concluded.The broker said executive compensation structures are broadly similar at all three quoted grocers, combining basic salary, bonus and various long-term incentives.However, at Tesco and Sainsbury’s there is a ...