All Retail Week articles in October 29 2010
Browse all news stories and articles from this date or time period.
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NewsOne New Change opens
One New Change, the new shopping centre in the City of London, open its doors to the public today.
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NewsSales at Westfield London leap 31%
Sales at Westfield London, which celebrates its second anniversary this weekend, surged 31% in the most recent quarter and jumped 26% like-for-like.
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NewsRetail employment rises 2.1%
Retail employment was up 2.1% in the third quarter of the year, compared to the same period last year.
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NewsB&Q and Homebase voted worst online retailers
DIY giants B&Q and Homebase have been voted the worst online retailers in the UK.
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NewsFashion drives October sales growth
Retail sales in October were higher than the same month a year ago following a strong performance from fashion, according to the CBI’s monthly Distributive Trades Survey.
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Ikea aims to double stores in China
Ikea has said it aims to more than double the number of stores in China to 18 by 2015, from the current eight. As part of this plan, shopping centre construction company Inter IKEA Centre Group is to open its third mall in China, in Wuhan, Hubei province. IKEA China ...
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Coles Group Q1 sales increase 4.9% to £4.5bn
Coles Group posted a rise of 4.9% in sales to Aus$7.49bn (£4.5bn) for its first quarter ended September 26. The retailer’s strong performance was attributed to lower prices and last year’s revamping of its fresh food areas. Growth rates at the chain proved to be outpacing larger rival Woolworths as ...
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Woolworths Q1 sales increase 4% to £8.4bn
Woolworths reported a 4% rise in first-quarter sales to Aus$13.91bn (£8.4 bn). Sales at the company’s food and liquor division in Australia for the quarter increased by 3.2% to Aus$9.29bn (£5.6bn), as like-for-like sales rose 2%. Woolworths’ New Zealand supermarkets sales had an even stronger increase of Aus$1.07bn (£642m) during ...
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Higher than expected sales for Indian retailers during Diwali
Indian retailers reported higher than expected sales during the festive Diwali season, with premium electronics emerging as one of the strongest categories. Products such as 3D, LED and large LCD and plasma televisions, white goods, branded clothing, cameras and Smartphones were among those pushing up average bill sizes by 15% ...
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Pick n Pay H1 pre-tax profit falls by 25.5% to £61m
The country’s second-largest grocer Pick n Pay reported that its pre-tax profit fell by 25.5% to R682.1m (£61m) in the first half to 31 August, despite sales growth of 6% to R25.2bn (£2.26bn). Chief executive Nick Badminton described the past 12 months as the most challenging the company had faced ...
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SuperValu reports Q2 £945m net loss
US grocer SuperValu has reported a net loss of $1.47bn (£945m) for the second quarter ended September 11. Net retail sales amounted to $8.7bn (£5.6bn) while retail food net sales declined 9.7% to $6.7bn (£4.3bn). The decline was primarily a result of the impact of an like-for-like store sales fall ...
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A&P Q2 sales decrease 10% to £1.22bn
Tengelmann-controlled A&P said that sales during the second quarter declined by 10% to $1.9bn (£1.22bn). Like-for-like sales fell 6.6%. Loss from continuing operations amounted to $143m (£92m), more than double the $62m (£40m) posted a year earlier. As the company’s financial situation continued to be pressured, A&P insisted its turnaround ...
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Picard Surgeles acquired by private equity firm
Frozen food retailer Picard Surgeles has been acquired by private equity firm Lion Capital from BC Partners for €1.52bn (£1.27bn). The completion of the deal follows approval by the European regulatory authorities at the beginning of the month. The takeover price included €590m (£494m) in cash, while the remaining funding ...
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dm group sales increase 8.8% to £4.73bn
Drugstore operator dm reported gross group sales rose by 8.8% to €5.65bn (£4.73bn) in its 2009 fiscal year. In Germany sales reached €4bn (£3.35bn), growing by 8.7%. Chairman and chief executive Erich Harsch said that dm was aiming for market leadership and that it was going to close the gap ...
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Anti-Japan protests close Isetan Mitsukoshi store
Japan-based department store group Isetan Mitsukoshi was forced to suspend operations at its store in Chengdu in Sichuan province in China due to violent anti-Japan protests. As Japanese retail stores may remain targets of protests, it is uncertain whether Isetan Mitsukoshi can implement store opening plans in China. At present, ...
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NewsAmazon looks to Kindle as its No.1 Christmas draw
Amazon UK expects its Kindle e-reader to be its best-selling product this Christmas as it continues to focus on value to win festive spend.
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NewsForever 21 aims for 100 UK stores as it prepares for Bullring launch
US fast-fashion retailer Forever 21 has revealed plans to open more than 100 stores in the UK as it gears up to make its debut in Birmingham’s Bullring shopping centre next month.
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NewsFlying Brands sales grow 12% despite setbacks
Home shopping group Flying Brands reported sales from its ongoing business rose 12% to £5.6m in the three months to October 1.
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NewsCarpetright sales fall 7.3% in ‘difficult’ market
Carpetright disappointed the City with its second-quarter update on Wednesday. The floorcoverings market leader suffered from unsettled consumer confidence and lower mortgage approvals.
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NewsGo Outdoors triples profit to £4.3m and rejigs management
Outdoor specialist Go Outdoors’ pre-tax profits more than tripled from £1.2m to £4.3m in the year to January 3 and the retailer has rejigged management roles.