All Retail Week articles in November 26 2010 – Page 2
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News
Carrefour considers Dia sale
Carrefour is reportedly considering the sale of its discount business Dia. According to reports the retailer has entrusted French bank BNP Paribas with a “strategic audit” of its discount business worldwide. A member of the retailer’s executive committee was quoted as saying: “The sale of Dia had already been considered ...
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News
Falabella Q3 profit rockets 236.8%
Falabella has reported net profit of CLP81.9bn (£102m) for its third quarter, 236.8% above the figure for the same period last year.Revenues for the period rose by 21.6% to CLP1.08trn (£1.3bn). The company opened five supermarkets during the period, one in Chile and four in Peru. In Peru Falabella also ...
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NewsB&Q gives customers January Sale "sneak preview" this weekend
B&Q is going on Sale this weekend as it gives customers a “sneak preview” of its January Sale.
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News
Sears Holdings records £136m loss
Department store retailer Sears Holdings recorded a loss of $218m (£136m) for the three months ended October 30, from $127m (£80m) during the prior-year period. Sales declined 4.9% to $9.7bn (£6bn), primarily as a result of a 4.8% decrease in domestic like-for-like sales.The retailer said that results were hurt by ...
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News
Target Q3 sales up 3% to £9.5bn
Discount superstore operator Target has reported its financial results for the third quarter ended October 30. Retail sales increased 3% to $15.2bn (£9.5bn), from $14.8bn (£9.2bn) in 2009, due to a 1.6% increase in like-for-like sales combined with the contribution from new stores. EBIT for the retail segment came in ...
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News
Loblaw like-for-like sales drop after acquisition
Grocer Loblaw has reported sales of CAD9.6bn (£5.9bn) in the 16 weeks ended October 9, up from CAD9.5bn (£5.95bn) in the previous year, helped by the acquisition of Asian supermarket chain T&T.Like-for-like sales declined 0.4%. Gross profit increased by CAD152m (£94m), or 7%, to CAD2.3bn (£1.4bn) in the third quarter. ...
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News
Metro profit rises 10.6% to #7bn
Grocery retailer Metro recorded a 10.6% increase in net earnings for the year ended September 25, on sales up 1.3% to CAD11.34bn (£7bn). Net earnings reached CAD392m (£241m) versus CAD354.4m (£218m) last year.During the fourth quarter earnings climbed to CAD93.4m (£57.5m) from CAD84.4m (£52m) a year ago, on sales up ...
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News
Abercrombie & Fitch to open a flagship store in Dublin city centre
Fashion retailer Abercrombie & Fitch may open a flagship store in Dublin city centre, according to Irish newspaper The Herald. The news follows the recent announcement that the retailer is planning to open a Hollister store in Dublin’s Dundrum Centre. It is understood that Abercrombie & Fitch is in advanced ...
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NewsJohn Lewis mid-week sales up 12%
John Lewis has reported sales up 12% from Sunday to Wednesday this week, with trade strong across its sectors.
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NewsTesco predicts biggest ever Christmas
Tesco is predicting its biggest ever Christmas this year, backed by extended opening hours, expanded ranges and more services on offer.
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NewsRetailers offer free Christmas delivery day
A raft of retailers including John Lewis, House of Fraser and Oasis are launching a free delivery day for Christmas shoppers.
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NewsRetail sales rise in November
Year-on-year retail sales were higher in November for the fifth consecutive month according to the CBI’s Distributive Trades survey.
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GalleryForever 21, Birmingham
Three floors of fashion, 56,000 sq ft and the first of its kind in the UK. This was the prospect that greeted shoppers queuing outside the Forever 21 store in Birmingham a couple of weeks ago.
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AnalysisAn Englishman abroad
There are many important factors that a retail professional needs to consider for international relocation, explains Harveen Gill Associates director Harveen Gill
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OpinionRetail surgery: We are reviewing our expenses system to improve efficiency. What is the best way to ensure that all expenses claimed are accurate?
We are reviewing our expenses system to improve efficiency. What is the best way to ensure that all expenses claimed are accurate?
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AnalysisHow to achieve a sustainable return on equity
With benefits such as cost savings and increased competitive advantage, it’s clear why retailers are eager to launch green projects and create a more sustainable business model
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NewsHalfords puts acquisitions on hold to make core business top priority
Halfords has put potential acquisitions on the back burner as it focuses on the core business.
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AnalysisAdapt to succeed overseas
Ian Williams, director of European headhunting agency Quantica Retail, gives an insight into the challenges of setting up in business abroad.
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OpinionTed’s quirky style adds up
While trendy apparel retailer SuperGroup has been fashionable with investors since its flotation earlier this year, Ted Baker’s shares have been pretty natty too. In the last three months they have climbed almost 25%.
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AnalysisA big day for retailers and royalists alike
Will Prince William and Kate Middleton’s wedding lift shoppers’ moods in 2011 and how can retailers make the most of it, asks George MacDonald