All Retail Week articles in September 2 2011 – Page 2
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News
Nordstrom to invest £229m in technology
Nordstrom will spend $375m (£229m) or 15% of its planned capital expenditure on improving its technology up to 2016. The money will be primarily used for ecommerce. Chief financial officer Michael Koppel said: “Unlike investments in store expansion, investments to improve ecommerce tend to impact the profit and loss numbers ...
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NewsOFT decision on Amazon's acquisition of Book Depository delayed
The Office of Fair Trading (OFT) has delayed its decision on whether to refer Amazon’s acquisition of rival Book Depository to the Competition Commission.
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NewsAurum halts sale process until 2012
The sale of jewellery group Aurum has been postponed until the new year as the management team focuses its efforts on the crucial Christmas trading period.
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News
Comet sale decision looms as Kesa prepares for AGM
Kesa chiefs are expected to decide within a few days whether to proceed with a sale of electricals retailer Comet, following the submission of second-round bids today.
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OpinionA tough four months to Christmas lie ahead
It’s the time of year when the holiday season comes to an end, and the focus across retail turns to Christmas. Unusually there’s been no shortage of retail news in August this year. The problem is it’s mostly been bad.
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NewsBig names suffer amid tough trading concerns
Shop stocks were out of favour in the wake of a profit warning from Topps Tiles, with bearish notes on some of the sector’s biggest names and general heebie-jeebies about trading.
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News
Analysts confident the only way is up for retail shares
Analysts believe store stocks are unlikely to crash further, despite big-name retail shares plunging last week, when specialist Topps Tiles also issued a profit warning.
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OpinionPut your best foot forward online
With so much choice on the web, retailers must give people a reason to pick them, says David Wild
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NewsSimply Be to open first bricks-and-mortar store
Home shopping group N Brown is to open its first bricks-and-mortar store for its plus-size brand Simply Be at Liverpool One on September 22.
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Opinion
Time to make a judgement call
Two of the retailers most mauled by the bears update next week, electricals group Dixons and Argos owner Home Retail.
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NewsCoast returns to its occasionwear roots and shows off new format
Fashion chain Coast is to go back to its occasionwear roots as it launches a new store format to attract a wider audience.
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Analysis
Dutch convenience stores to test the German waters
Dutch retailer Ahold has announced that it is planning to expand in Germany and open its first store there in the second half of 2012.
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NewsTrading fears as festive countdown kicks off
Retailers cautiously optimistic for Christmas sales, but deep fears about the run-up persist.
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NewsTempleman exits Debenhams as Sharp takes over the hot seat
Rob Templeman formally hands over the reins at department store group Debenhams on Monday, when he will be succeeded as chief executive by Michael Sharp.
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NewsMorrisons downgraded despite outperforming
Broker Oriel has downgraded Morrisons ahead of the grocer’s interims next Thursday.
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AnalysisA little local difficulty
The Co-op is lagging behind its grocery rivals, following the takeover of Somerfield. Chief executive Peter Marks tells Jennifer Creevy why he thinks his critics are missing the point
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Opinion
We’ve made a mistake that has impacted sales. How do we recover?
We’ve made a significant mistake with our customer proposition that has impacted sales and profitability. How do we recover the situation?
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NewsTopps’ tumble spells trouble for sector
Analysts warned that Topps Tiles’ profit warning last week could signal weak trading for the wider home-related retail sector.
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AnalysisSue Townsend
Passionate about retail, the former Blackwell commercial director has taken on the challenge of resurrecting the three times failed fashion retailer Ethel Austin. Nicola Harrison reports.
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