All Retail Week articles in October 16, 2009 – Page 2
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NewsN Brown pre-tax profits up 13%
Pre-tax profits at home shopping group N Brown grew 13% to £41.8m in the 26 weeks to August 29.
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NewsSerious Organised Crime Agency probes former JJB Sports executives
Former JJB Sports executives are facing the scrutiny of the Serious Organised Crime Agency and HM Revenue, piling more pressure on the sports retailer that is already under investigation by the Office of Fair Trading and the Serious Fraud Office.
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NewsStrong retail sales for Burberry
Burberry’s revenue rose 6% year-on-year for the six months to September 30 to £572m, boosted by solid retail sales and a particularly strong performance from the UK and Korea.
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NewsMothercare reports UK like-for-likes up 4.1%
Mothercare has reported UK like-for-like sales up 4.1% in its first half and remains “confident” for the rest of the year.
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NewsWHSmith profits up, but sales slip slightly
WHSmith has reported group pre-tax profit has increased to £81m in its full-year results from £76m the previous year but sales have dipped slightly.
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NewsFlying Brands raises £1.76m in share placing
Flying Brands has raised £1.76m in a share placing to repay part of its outstanding debt.
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NewsHarrods to sell gold bars
Upmarket department store Harrods will today start selling a luxury accessory out of reach for most of the UK’s shoppers - gold bars.
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NewsH&M sales hit by warm weather
H&M sales have continued to slide, down 8% on a like-for-like basis in September.
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OpinionKate Bostock’s impact at Marks & Spencer should not be overlooked
When Kate Bostock took to the stage at Marks & Spencer’s investor day cum beauty parade for a new chief executive, she seemed very nervous. However, tough challenges are nothing new to Bostock.
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NewsSainsbury’s shares rise amid bid rumours
Sainsbury’s shares have risen by as much as 20% amid speculation that the Qatari Investment Authority was planning a renewed offer for the grocer.
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NewsPostal strike to go ahead next week
A national postal strike will go ahead next week as the Royal Mail has rejected the Communication Workers Union offer to avoid action.
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NewsGap to open in China and bring back TV adverts
Gap has announced plans to open its first store in China and to start advertising on TV again after a two-year break.
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Maxeda h1 sales flat
Variety retail group Maxeda has posted a 0.1% rise in net sales for the first half of this year. Net sales amounted to e1.6bn (£1.4bn) while same-store sales declined 1.9%.Operating EBITDA for the Netherlands’ largest non-food retailer decreased 3.7% to e100m (£86m). In the first half of the year, Maxeda ...
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Fast Retailing profits up 14%
Fast Retailing has reported that net profit rose 14.4% to ¥49.8bn (£315m) for the financial year ended August 31. Sales rose 16.8% to ¥685.04bn (£4.3bn).The clothing store operator will seek to expand its Uniqlo stores in Asia from 76 to 132 over the next year. Fast Retailing, which aims to ...
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Walmex Q3 profits jump 18%
Wal-mart’s Mexican subsidiary Walmex’s third-quarter net profit jumped 18% as its low price promotions helped it weather the economic slump.The retailer said it earned MXN3.86bn (£177m) in the period, compared with MXN3.26bn (£149m) a year earlier. Total revenue for the quarter rose 12% to MXN64.59bn (£2.96bn), while EBITDA grew 17% ...
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NewsConnections lift 2% at Carphone Warehouse
Carphone Warehouse’s retail division, Best Buy Europe, reported connections rose 2% to 3.2 million in the second quarter.
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X5 Retail Group sales up 24%
Russia’s country’s largest grocery retailer X5 Retail Group reported net retail sales increased 24% year on year in the third quarter to RUB65.7bn (£1.3bn).Like for like sales grew 8% year on year, supported by 7% traffic growth. Customer traffic at its discounter, Pyaterochka, surged 12%, driving like-for-like sales growth of ...
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News99p Stores signs ex-Wilkinson boss Gordon Brown as chairman
Value retailer 99p Stores has appointed former Wilkinson boss Gordon Brown as its new chairman.
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Alfa-Beta Vassilopoulos to acquire Koryfi
Delhaize Group-owned supermarket chain Alfa-Beta Vassilopoulos has agreed to acquire Greek grocer Koryfi for €7m (£7m) and the assumption of €1.8m (£1.5m) debt.The Delhaize Group said the acquisition will add 11 stores and enhance its position in Thrace, northeast Greece, where its presence is limited at present.The deal, subject to ...
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NewsTV ads mark HobbyCraft brand shift
Arts and crafts retailer HobbyCraft is staging its first TV ad campaign in three years following a brand “reappraisal” that has also led the retailer to launch its first customer magazine.