All Retail Week articles in November 23 2012 – Page 2
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AnalysisAnalysis: 5 reasons retailers can be more optimistic on costs
Research released by Capital Economics today reveals retailers’ cost pressures could be easing and there is cause for optimism in 2013. Retail Week takes a look at five of its points.
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NewsRihanna lights up Westfield with Christmas switch-on
Pop star Rihanna switched on Stratford Westfield’s Christmas lights last night, amid fireworks as she performed her new single ‘Diamonds’ at the shopping centre.
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AnalysisProfile: Beatrice Lafon, president of European business, Claire's Accessories
As Claire’s Accessories’ turnaround progresses, its European boss is busy planning new formats, partnerships and online domination. Gemma Goldfingle reports
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NewsAlliance Boots to extend loan facilities
Retail and pharmaceuticals giant Alliance Boots is preparing to extend the maturity dates on existing loan facilities to facilitate its likely full merger with US drugstore powerhouse Walgreens.
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NewsCountrywide secures £26m of funding
Rural products retailer Countrywide has secured £26m to support organic growth, a store refit programme and potential acquisitions.
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NewsNew Look eyes refinancing as new boss appointment looms
New Look is plotting a further refinancing and aims to appoint a new chief executive before the end of 2012.
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NewsPrimark plans Warrington regional flagship
Primark is set to open a new regional flagship at Warrington’s Golden Square shopping centre.
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NewsRetail sales growth of 2% expected in December
Retail sales growth in December is expected to come in at 2%, below the 10-year average for the month of 3.2%.
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OpinionComment: Matt Davies is the man to drive Halfords’ future
Of course, it is too early to expect the arrival of new Halfords boss Matt Davies to have had a material impact on the retailer’s interim results, so he bore little responsibility for its 23% slump in first-half profits this week.
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NewsJD Sports like-for-likes rise 1.5%
JD Sports has reported an increase in like-for-like sales despite a significant drop-off in trade at its fashion division.
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NewsFrench Connection reports flat like-for-likes
French Connection has reported flat like-for-likes after a step up in performance in the third quarter.
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NewsArcadia profits rise despite falling sales
Arcadia has posted a £33.8m increase in group pre-tax profits before exceptional items to £166.9m despite a 3.2% fall in UK retail like-for-like sales.
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NewsHalfords ramps up offer as profits fall 23.4%
Car parts and cycle specialist Halfords is ramping up its product offer and multichannel initiatives, as profits plunged 23.4% to £41.9m for the 26 weeks to September 28.
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NewsThorntons plots online push
Thorntons is gunning to make online a £10m division as the chocolatier seeks to bolster its multichannel business.
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News
GameStop to close 200 stores
Entertainment retailer GameStop has told investors it plans to close 200 of its less profitable stores over the next year.Chief executive Paul Raines explained that around 2% of GameStop’s US stores and 5% of its international stores are unprofitable at present. The retailer posted better-than-expected results for its third quarter ...
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News
Ahold reports sales increase
Sales at Ahold rose 10.8% to E7.6bn (£6.11bn) in the third quarter.Operating income was down 3.7% to E289m (£232.3m).The grocer’s net sales in the US rose 1.9% to $5.9bn (£3.71bn).
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News
Electricals retailer Darty reports fall in revenue
Electricals retailer Darty, formerly Kesa, reported a 2.2% fall in revenue for the six months to October 31.The drop reflected a poor performance in the retailer’s domestic market, where sales slipped 3.9%, and its developing division (Spain, Italy and Turkey), where sales fell 2.6%.Like-for-likes showed a similar pattern, falling 1.7%. ...
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News
Auchan to continue development in Ukraine
French retailer Auchan is to continue its development in the Ukraine without the support of joint venture partner Furshet.Furshet became Auchan’s Ukraine partner in 2007, setting up two companies to develop a hypermarket group and a series of shopping malls.
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NewsTopshop Oxford Street sales to hit £165m this year
Sales at Topshop’s flagship Oxford Street store are expected to hit £165m this year, its 10th under the ownership of Sir Philip Green.
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NewsArcadia pays more corporation tax under Green's ownership
Arcadia has paid £591m in corporation tax in the last 10 years, owner Sir Philip Green said as he unveiled a rise in profits.