All Retail Week articles in October 9, 2009 – Page 2
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NewsAmazon cancels Royal Mail contract
Online retailer Amazon has reportedly cancelled its contract for certain items with Royal Mail after continued strike action threatens its pre-Christmas deliveries.
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NewsHalfords like-for-likes up 2.2%
Halfords has reported like-for-like sales are up 2.2% in its second quarter and said it is confident it will deliver further profit growth in the second quarter.
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NewsCarphone reports "commendable" second quarter
Carphone Warehouse’s retail division, Best Buy Europe, reported that connections rose by 2% to 3.17m in the second quarter.
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NewsTed Baker pre-tax profits down 18.4%, but UK arm remains strong
Ted Baker has reported a better than expected 18.4% drop in pre-tax profit in its interim results to £6m, buoyed by the performance of its UK arm.
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NewsEuropean Commission reportedly proposes footwear anti-dumping extension
The European Commission is reportedly proposing an extension to the anti-dumping duties on EU imports of Chinese and Vietnamese leather footwear for at least 15 months.
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NewsInterest rates held at 0.5%
Interest rates have been held at 0.5% for the seventh month in a row.
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OpinionTesco bids to step out of Asos’s online shadow
Tesco has launched what has widely been reported as its challenge to Asos; its much anticipated online clothing offer.
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NewsLand Securities retail venture to bring 10 overseas brands to UK
Property company Land Securities’ new retail offshoot Brand Empire is in talks with 10 international retailers about introducing them to the UK.
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Wal-Mart plans to offer more than 100 toys at £6 over Christmas
Wal-Mart is planning to offer more than 100 toys at $10 (£6) during the festive season.Last year, the grocery giant offered just 10 toys at that price point. The retailer will also, up until Christmas, match any local competitor’s advertised offer on the same toy product if it falls below ...
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GalleryThe Retail Interiors Awards 2009: It’s what’s inside that counts
Despite the recession there’s still been a lot to shout about in retail design this year, as the winners of the Retail Interiors Awards show. By John Ryan.
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NewsRetailers’ self-help initiatives to stave off gloom until 2011
Retail profitability may “surprise on the upside” next year but 2011 will be a “crunch year”, according to sector-wide analysis by brokers.
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Pantaloon Retail reported total group income rose 31%
India-based Pantaloon Retail reported total group income rose 31% to INR76.69bn (£1.01bn) in its financial results for the year ended June 30.Net profit after minority interest declined sharply from INR219.3m (£2.9m) in the previous year to INR100.7m (£1.3m). The group is expecting to achieve 35% to 40% sales growth during ...
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Walgreens has posted record figures for the year ended August 31
Drugstore chain Walgreens has posted record figures for the year ended August 31, with sales rising 7.3% to reach $63.3bn (£39.76bn).Net earnings for 2008/09 were $2.01bn (£1.26bn) reflecting a 7% decrease from the previous year.The retailer, famed for its rapid expansion, now wants to slow the pace of store openings. ...
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Fast Retailing reports like-for-like sales increase by 31.6%
Fast Retailing, operator of the Uniqlo clothing retailer, reported like-for-like sales increased by 31.6% year on year in September. Total sales climbed 41.5%.The company attributed the growth to cool temperatures throughout the month, which kept sales of autumn and winter goods strong. Also, an extra day of national holiday during ...
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EIB has approved a loan of €47m to help Metro Group set up five cash and carries in Vietnam
The European Investment Bank (EIB) in Luxembourg has approved a loan of €47m (£43.1m) to help Metro Group in Vietnam set up five cash and carries in Bien Hoa, Binh Duong, Nha Trang, Long Xuyen and Quy Nhon.The loan was issued following the European Union’s strategy in Asia to help ...
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Seven & I will take over about 80 kiosks at Keihin Electric Express Railway’s train stations
Seven & I, which operates the 7-Eleven chain, has said it will take over about 80 kiosks at Keihin Electric Express Railway’s train stations.This is the first time that 7-Eleven Japan will open stores in train stations. Rivals Lawson and FamilyMart already have business alliances with Tokyu and Siebu Railways, ...
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Rewe Group to acquire Coop Germany’s Sky supermarket network in the south
Retail conglomerate Rewe Group is to acquire Coop Germany’s Sky supermarket network in the south of the country, comprising 39 Sky stores as well as a warehouse and office premises in Ulm.The acquisition sees Rewe strengthen its presence in Baden-Württemberg and Bavaria. The Sky stores generate around E150m (£137.8m) of ...
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NewsFirst Quench hit by departure of acting chief exec
First Quench Retailing’s acting chief executive and financial director Martin Healy has resigned and owner Vision Capital’s Johan Van de Steen has taken the helm.
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NewsGadgetshop launches offline ad assault
Etailer Gadgetshop.com has launched its debut offline advertising campaign to bolster sales in the run-up to Christmas.
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Alworths ‘will break even’ in first year
Alworths, the variety chain set up by former Woolworths director Andy Latham, expects to break even in year one of trading.