All Retail Week articles in October 16, 2009 – Page 3
-
News
Asda’s Andy Clarke promises to hire more disadvantaged youth
Asda is to launch a three-year campaign to hire more young people, as chief operating officer Andy Clarke said “something needs to be done to give young people a chance”.
-
News
M&S investor day leaves analysts cold
Marks & Spencer missed out on the general retail sector’s rise after its much-anticipated investor day was judged insufficiently exciting by the City.
-
News
Aldi lines up new managing director for UK
Discount grocer Aldi is to transfer its managing director for buying in Australia to lead the business in the UK.
-
Analysis
Angela Ahrendts: maintaining Burberry’s momentum
Burberry chief executive Angela Ahrendts has built on Rose Marie Bravo’s legacy by invigorating the luxury brand while keeping a tight handle on costs
-
News
St David's Cardiff signs more retailers ahead of opening
St David’s shopping centre in Cardiff has signed several more retailers ahead of its opening next week, but still has around a third of its shops left to let.
-
News
M&S to review store estate for digital age
Marks & Spencer is to review its 668-store portfolio as online threatens squeeze on store sales
-
News
USC gears up for loyalty launch after EPoS update
USC plans to launch a loyalty card following the roll-out of a replacement EPoS system to all stores.
-
News
TV 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.
-
News
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 ...
-
News
99p Stores signs ex-Wilkinson boss Gordon Brown as chairman
Value retailer 99p Stores has appointed former Wilkinson boss Gordon Brown as its new chairman.
-
News
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 ...
-
News
Connections 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.
-
News
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% ...
-
News
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 ...
-
News
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 ...
-
News
Gap 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.
-
News
Postal 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.
-
News
Sainsbury’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.
-
Opinion
Kate 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.
-
News
H&M sales hit by warm weather
H&M sales have continued to slide, down 8% on a like-for-like basis in September.