All Retail Week articles in September 19 2014 – Page 2
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News
Teenager vies to become next chief executive at Nisa Retail
Teenager Harris Aslam has launched a bid to become the next chief executive of £1.6bn convenience store giant Nisa Retail, replacing boss Neil Turton.
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News
Tesco discloses £250m overstatement of profit forecasts
Tesco has revealed that expected profit forecasts for the first half of this year have been overstated by £250m and has called in accountants and lawyers to investigate.
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News
UK high street vacancy rates fall at fastest rate for 8 years
The number of empty shops on UK high streets is falling at the fastest rate for at eight years.
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News
Breakfast briefing: Retail news on Nisa Retail, Phones 4u, Game Digital, Asos, M&S and more
Retail news round-up on September 22, 2014: Teenager vies to lead Nisa Retail; Dixons Carphone and EE in talks to acquire Phones4u stores; Brands direct wrath at discounting Asos; M&S Chinese clothing sales on Ali Baba soar; UK high street vacancy rates fall
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News
Vodafone acquires 140 Phones 4u stores as 628 head office staff made redundant
Phones 4u’s administrator has made 628 redundancies at its head office as Vodafone steps in to buy 140 stores and take on 887 of its employees.
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Opinion
Comment: Alibaba is the perfect springboard for China ecomm expansion, says M&S
According to reports, Alibaba – China’s ecommerce giant – is set to break records with the largest Initial Public Offering (IPO) in history, as it floats its shares on the New York Stock Exchange.
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News
Card Factory to launch stores in Republic of Ireland next year
Card Factory will open a “small number” of stores in the Republic of Ireland next year as it continues its rapid store roll out following its IPO.
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News
Phones 4u eleventh hour rescue deal ruled out by administrator
Phones 4u administrator PwC has ruled out a last minute rescue plan that would have involved the retailer’s bondholders taking part in a debt-for-equity swap.
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Opinion
Comment: How Burberry and Topshop use technology to put money in the till
London Fashion Week has once again highlighted the relentless convergence between retail and technology.
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Analysis
Analysis: 99p Stores targets convenience supermarkets with retail overhaul
The budget retailer 99p Stores is undergoing an overhaul and raising its ambitions, chief operating officer Tony Brown tells Retail Week.
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News
Beales sales fall following store closures
Beales sales slipped in the 19 weeks to September 13 as it closed loss-making stores in the period but it said trading had improved on the first half.
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News
Scotland rejects independence ending uncertainty for retailers
Scotland has voted ‘no’ in the referendum for independence from the UK, ending uncertainty for retailers operating in the country.
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Analysis
Food hall review: Selfridges Vs John Lewis
Nick Ward, head of creative strategy at Cubo compares the luxuriant offerings of Selfridges and John Lewis’s respective Oxford Street food halls.
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Interview
Q&A: Nisa finance director, Simon Webster
Simon Webster, finance director of Nisa tells Retail Week about his love of Hamley’s and advice for those starting out in retail.
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News
Sainsbury’s staff realise that King has left the building
Sainsbury’s new chief excecutive Mike Coupe was in for a rude awakening after a staff member mistook him for Justin King.
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Opinion
Comment: Luxury brands must improve their online customer service offer
With ecommerce becoming increasingly prevalent, luxury retailers must improve their online and delivery service or risk losing their customers.
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News
River Island invests to become 'multi-country, multichannel brand'
Fashion retailer River Island’s profits dipped in its last financial year because of “strong” investment in transforming itself into a “multi-country, multichannel brand”.
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Interview
Interview: Ao.com’s John Roberts on IPOs, hot stone massages and playing Cilla Black
Ao.com’s founder John Roberts tells Retail Week why maintaining the etailer’s culture is more important than its share price.
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Cartoon
Blower’s retail cartoon: Phones 4u’s administration woes
Retail Week’s cartoonist Patrick Blower’s take on mobile retailer Phone 4u’s administration and Dixons Carphone offering its staff jobs.
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News
Jack Wills poised to expand Asia business as EBITDA grows
Preppy fashion retailer Jack Wills unveiled plans to expand in the Far East as it revealed sales and EBITDA growth in its full year to February 2.