All Retail Week articles in September 30 2011 – Page 4
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Analysis
Top of the shop
It’s been another tough year for shopfitters, a year that has seen the departure of some very familiar names and considerable downsizing by a large number of others.
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NewsKKR appoints former Asda chief
Tony De Nunzio, former chief executive of Asda, has been appointed senior advisor at private equity firm KKR.
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News
Colruyt predicts net profit will be below market expectations
Colruyt predicts that net profit this year will be below market expectations and no higher than last year. According to the grocer, the reasons for this are higher food, energy and staff costs.The traditionally cautious Belgian company said it would not be able to fully pass on higher food and ...
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NewsStaying inside your comfort zone
We’ve had disabled parking, we’ve had mother and baby parking.
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News
Ikea reveals sales increase
Ikea has revealed that sales rose 6.9% in the year ended August 31, 2011 to reach nearly E25bn (£21.7bn). Over the year, the retailer cut prices and added stores to drive sales. The weak economy meant customers switched to smaller ticket items. Chief executive Mikael Ohlsson confirmed the company’s interest ...
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NewsSlow week for John Lewis, but Waitrose still growing
John Lewis sales fell on a VAT-exclusive basis last week, but Waitrose continued to grow its sales strongly.
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NewsJacques Vert sales edge up, but trading weakens in September
Sales at AIM-listed womenswear retailer Jacques Vert rose fractionally in the first 22 weeks of its financial year, but the company warned that trading has softened in the past three weeks.
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NewsPast Times moves back into loss, but plans 60 pop-up shops
Gift retailer Past Times made a loss of £1.5m last year, on sales of £46.5m.
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NewsConsumer confidence rises in September
Consumer confidence improved in September for the first time since May.
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GalleryIn pictures: The New Store Europe Retail Week Interiors Awards 2011
Big winners on the night included Dalziel and Pow, Fitch and HMKM. The final award of the evening, the New Store Europe UK Retail Interior of the Year, went to BLACK/Dixons Retail, with an interior created by Household.
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News
Aditya Birla Retail to expand presence in rural markets
Aditya Birla Retail has announced that it will focus on expanding its presence in rural markets, according to its vice- president Sumit Chandna.Over 30% of the retailer’s supermarkets are in smaller towns where disposable income is high, hence future expansion will be centred on these locations, he noted.
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News
Dansk aims to overtake Lidl
Dansk Supermarket and its Sweden-based banner Netto is aiming to overtake Lidl to become the largest hard discounter in the country. Chief executive Jan Richter revealed the chain will look to open 30 new outlets a year until 2015, and expects to surpass Lidl in terms of store numbers during ...
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News
PPR suspends sale of Redcats division
PPR has suspended the sale of its Redcats division, citing market conditions as the reason for a failed auction process. First round bids for Redcats were due to be completed last week, with acquisition firms TPG and PAI working on a joint bid. Permira, Apax Partners and Advent International were ...
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GalleryLet it Simply Be
Home shopping brand Simply Be has opened its first terrestrial store in Liverpool. John Ryan visits and talks to its management
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NewsMorrisons eyes Garden Centre Group
Supermarket Morrisons is considering bidding for garden centre specialists Garden Centre Group, formerly known as Wyevale.
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NewsWiggle pedals towards sale or float
Wiggle held a beauty parade last week as six investment banks pitched to advise its potential float, as the bikes etailer also mulls a sale to private equity.
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NewsTesco expected to post sales fall
Top grocer Tesco is expected to provide evidence of how tough retail trading conditions are when it issues first-half figures on Wednesday.
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NewsMinimum wage increase will threaten retail employment, warns BRC
The increase in minimum wage will make it harder for retailers to maintain and create jobs according to the British Retail Consortium.
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NewsAgent Provocateur moves back into the black
Luxury lingerie chain Agent Provocateur has moved back into the black, posting a £1.1m pre-tax profit last year compared with a £1.8m loss the previous year.