All Retail Week articles in October 5 2012 – Page 2
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AnalysisTesco: What the analysts say
Supermarket giant Tesco has revealed disappointing results, posting its first profits fall since 1994 despite ploughing £1bn into its turnaround for the 26 weeks to August 25. Analysts expressed concern over the grocer’s overseas operations.
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OpinionComment: The UK is not Tesco's only problem
While all eyes are on Tesco’s UK business, today’s interim results show that the grocer’s domestic market is not its only problem.
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NewsFlat food inflation surprises analysts
Food inflation has remained flat for the third consecutive month at 3.1%, surprising analysts who had forecast price increases due to large rises in commodity prices.
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AnalysisSainsbury's v Tesco: Head to Head
Tesco and Sainsbury’s gave an insight into their first half performance today. Retail Week takes a look at how they measure up against each other.
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AnalysisSainsbury's: What the analysts say
Sainsbury’s posted like-for-like sales grew 0.9% and total sales advanced 3.3% for the first half of the year but analysts welcome the figures but believe the grocer still has some work to do.
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NewsFailed first time deliveries expected to cost etailers £851m this year
Failed first time deliveries are expected to cost etailers £851m in 2012.
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NewsMothercare hires two directors as it strengthens management
Mothercare is to strengthen its senior management team with the appointment of two new directors.
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OpinionComment: Clarke may face a tough road ahead
The fact that Tesco has announced a drop in profits this morning hasn’t come as a surprise to many – and yet that doesn’t make the news any more comforting to investors.
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NewsMatt Davies to become Halfords chief executive
Former Pets at Home boss Matt Davies is to become chief executive of Halfords, Retail Week can reveal.
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InterviewQ&A: Tesco chief executive Philip Clarke
Tesco reported an 11.6% plunge in first half profits as today as it invests £1bn in improving its UK stores. Chief executive Philip Clarke and chief financial officer Laurie McIlwee met journalists in London to discuss the grocer’s performance.
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AnalysisAnalysis: Exploring the challenges of retail acquisitions
Over the past year a number of acquisitions have been made by retailers. Liz Morrell explores the challenges of the deals and subsequent integration.
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NewsTesco adds its support to Fair Rates for Retail campaign
The UK’s largest retailer, Tesco, has backed the Retail Week and British Retail Consortium campaign for a rates freeze next year. The Government has reacted coolly however.
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AnalysisAnalysis: What keeps retail leaders awake at night?
Retail leaders have faced sustained pressure from the downturn. So how have their priorities changed, and what makes a good leader in times of challenge and transformation?
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News
Andrew Reitzer to retire from Metcash
Metcash has revealed that Andrew Reitzer will retire as chief executive next year on June 30. His retirement does not come as a surprise, as he had announced in 2010 that he would step down within three years.Reitzer will stay on as a consultant for Metcash for another three years ...
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OpinionComment: Does Hong Kong still appeal to retailers?
For European retail, consumer and luxury goods companies looking to launch IPOs, the Hong Kong Stock Exchange (HKEx) once had tremendous appeal.
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News
Matahari to divest non-core assets
Matahari has won approval from shareholders for plans to divest non-core assets worth IDR3.2tn (£207m) to create a more efficient capital structure.The retailer will offload non-core assets, such as Timezone, Times Bookstores, its restaurant and property businesses, by selling its wholly owned subsidiaries PT Matahari Pacific and PT Nadya Putra ...
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NewsUniqlo finds unusual way to save on its electricity bill
The Japanese fashion retailer has hired techy types BD Network to run a campaign that turns shopper footfall into energy to power its window displays at two London stores.
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News‘New chapter’ for Tesco pledges bullish Philip Clarke
Tesco group chief executive Philip Clarke aims to rewrite Sir Terry Leahy’s retail book as he opens a “new chapter” in the grocer’s story.
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News
Woolworths sells its Dick Smith electronics chain
Woolworths has sold its Dick Smith electronics chain in Australia and its Indian wholesale venture for a combined AU$55m (£35.4m).Private equity firm Anchorage Capital Partners was the winning bidder, paying an initial AU$20m (£12.9m).Additionally, Woolworths will sell Woolworths Wholesale to Infiniti Retail – part of India’s Tata Group – for ...
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OpinionComment: Competition in sports retail
Mike Ashley’s Sports Direct was the market leader in its category last week and remains so this week following the drawn-out demise of JJB Sports.