All Retail Week articles in October 8, 2010 – Page 2
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NewsPrada considers IPO
Prada is considering an IPO next year, the Italian house’s fifth flotation in ten years.
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NewsAlliance Boots hires Home Retail director
Alliance Boots has hired a former director of Home Retail to work on commercial development.
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NewsSavers narrows losses
Value health and beauty chain Savers, part of the AS Watson Group, has narrowed its losses as it implements the second year of its turnaround.
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Hornbach records rise of 3.6% in sales for H1
Home improvement group Hornbach has reported a rise of 3.6% in sales to e1.66bn (£1.4bn) for the first half ended on August 31. Sales for the second quarter were up 6.5%.On a like-for-like basis, sales rose 0.8% in the first half and were up 3.7% in the second quarter. EBIT ...
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Lidl to acquire competitor Tengelmann's Plus discount stores in Bulgaria
Lidl has been given the regulatory go-ahead to acquire competitor Tengelmann’s Plus discount stores in Bulgaria.Following an investigation by the country’s competition commission, the authority concluded that the deal would not hinder competition in the retail market. Plus Bulgaria has been running 23 stores since October 2009, with a staff ...
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Walmart's Indian JV calls government to remove wholesale trading restrictions
Walmart’s Indian joint-venture, Bharti Walmart, has called for India’s government to remove restrictions allowing FDI-backed wholesale firms to sell no more than 25% of their total turnover to a group retailer.The latest relaxation in FDI rules by the government lifted restrictions on products being sold only for internal use. However, ...
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Eroski posts decrease in turnover to £3.1bn
Eroski has posted a 1.05% decrease in turnover to €3.7bn (£3.1bn) for the first half ended July 31. Pre-tax loss for the period decreased 50% to €34m (£28m).The supermarket chain managed to cut its debts to €265m (£220m) and to keep its competitive position in the market via a reduction ...
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Kmart to expand own-brand portfolio with the introduction of new range
Sears-owned mass merchandiser Kmart has announced the expansion of its own-brand portfolio with the introduction of the Smart Sense line. The new private label includes a wide range of items from snacks and beverages to oral care, household cleaners and over-the-counter medications.According to the retailer, the Smart Sense line is ...
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News
Couche-Tard drops pursuit of Casey's General Stores
Canada-based convenience store operator Couche-Tard has dropped its almost six-month-long pursuit of US convenience chain Casey’s General Stores. Couche-Tard said it had allowed its offer of $38.50 (£24.30) per share to expire - none of Casey’s common stock was purchased and all tendered shares will be returned promptly.“We have decided ...
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Ahold appoints Europe COO Dick Boer as CEO
Ahold has appointed Dick Boer as chief executive of the company, with effect from March 2011. He will succeed John Rishton, who is leaving to become chief executive of Rolls-Royce.Boer, who has been with the company since 1998, is chief operating officer of Ahold’s European division and member of the ...
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H&M Q3 sales rise 20%
H&M reported a 20% rise in third-quarter profit with strong August sales offset by rising costs that ate into gross margins. In the quarter ended August 31, profit after tax was Skr4.24bn (£367m),a jump of 23%. Sales including VAT for the quarter were Skr31.47bn (£2.7bn), an increase of 14%. Group ...
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NewsAge of food discounter over as Aldi racks up £54m loss
Aldi, the German discounter that became a byword for the shift to value in the recession, has suffered a dramatic reversal of fortune, turning a £93m pre-tax profit in the UK and Ireland into a £54m loss last year.
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News99p Stores extends its Family Bargains trial
Single price-point retailer 99p Stores is trialling the conversion of some stores to its new variety format Family Bargains.
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OpinionRetail surgery: Store staff are unenthusiastic about a new performance management scheme. How can I enforce the policy?
Store staff are unenthusiastic about a new performance management scheme. How can I enforce the policy?
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NewsAsos launches US site as overseas drive accelerates
Fashion etailer Asos has launched a dedicated US website as it hopes to tap into what it sees as the “enormous” potential of overseas sales.
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OpinionRetail surgery: How do we have to change our employment policies to reflect the changes to the Equality Act?
How do we have to change our employment policies to reflect the changes to the Equality Act?
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NewsToy retailers mop up after Woolworths’ demise
Toy retailers Toys R Us and The Entertainer have reported a strong year in 2009 after mopping up share left from the collapse of Woolworths.
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NewsWhistles turnaround on course after losses cut
Jane Shepherdson’s turnaround of Whistles is proving a success, with losses slashed and a return to profitability on the horizon.
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OpinionSainsbury’s stays a step ahead
Sainsbury’s boss Justin King should be feeling pretty pleased with himself. Having successfully silenced all the naysayers who said Sainsbury’s would be the first to suffer in the height of the recession, he is continuing to steer his ship onto a winning course as the economy improves.
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