All Retail Week articles in November 4 2011 – Page 8
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News
99 Cents Only Stores reports sales increase
Discount retailer 99 Cents Only Stores has reported that sales for the second quarter ended October 1 rose 8.8% to $363m (£226m) compared with $334m (£208m) for the prior year period.Total retail sales were $352m (£220m) against $323m (£202m), while like-for-like sales increased 6.7%. The number of like-for-like sales transactions ...
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News
Carrefour-Marinopoulos appoints Jerome Loubere as managing director
Carrefour-Marinopoulos has appointed Jerome Loubere as its managing director to succeed Patrice Lespagnol, who was appointed last May.Loubere held the position between 2004 and 2008 but was then made general manager of the Marinopoulos Group in the Balkan region.The retailer believes Loubere’s experience and knowledge will help it to “better ...
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News
Schlecker to close inefficient stores
Drugstore operator Schlecker plans to complete the closure of inefficient stores within the next five to six months as part of its strategy to return to profit by 2012.The retailer believes the move will cut out a 7% to 9% chunk of sales revenue that it regards as unprofitable. Schlecker ...