All General merchandise articles – Page 176
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NewsPoundland-owner eyes Nordic counterpart
Value retailer Poundland’s private equity owner is reportedly in talks to buy the retailer’s Nordic counterpart Europris for between €400m and €500m (£345m to £430m)
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NewsPets at Home chief Matt Davies to stand down
Pets at Home chief executive Matt Davies is to stand down from the role next spring after seven years in the role.
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Pick n Pay enters Mauritius
Pick n Pay has entered Mauritius with the launch of a 43,000 sq ft franchise superstore and plans to add two further outlets in 2012. The move is part of the retailer’s foreign growth strategy across the sub-saharan region. Having withdrawn from Australia this month, Pick n Pay now has ...
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Toys R Us to open first store in Poland
Toys R Us is to open its first store in Poland next month – its first market entry for 10 years. The store will be in Warsaw’s Blue City shopping centre. Toys R Us has signed leases for four further stores in Poland, averaging 25,835 sq ft. Toys R Us ...
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AnalysisWorld Retail Congress: The view from the top
The industry’s biggest names from across the globe met at the fifth World Retail Congress to tackle the big issues of the day. George MacDonald and Rebecca Thomson report from Berlin.
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NewsConsumers experiencing crisis of confidence, top retailers say
Leading retailers feel the squeeze as shoppers tighten their belts further and consumer confidence plummets, and fear no immediate improvement on the horizon.
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NewsWiggle attracts private equity interest as it gears up for sale or float
Bikes etailer Wiggle has attracted several private equity firms and trade buyers as the retailer mulls a sale or float.
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NewsRetail sales fall at Halfords
A second quarter like-for-like sales fall at car parts and bikes specialist Halfords’ retail division was counterbalanced by a strong showing from the Autocentres service business.
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NewsMothercare warns on profits as UK like-for-likes plummet
Maternity retailer Mothercare has issued a profits warning as consumer confidence continues to deteriorate following the riots in England.
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NewsCameron urges households to pay off credit and store card debt
Prime Minister David Cameron will today warn millions of cash-strapped households that they should pay off their credit card and store card debt as Britain aims to rebuild itself.
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AutoZone reports net sales increase
AutoZone has reported net sales for the financial year ended August 27, 2011 increased by 9.6% to $8.1bn (£5.2bn). Same-store sales rose by 6.3% while net income was up by 15% to $848m (£547m). Fourth quarter net sales climbed 8.1% to $2.6bn (£1.7bn) while same-store sales grew by 4.5%.Bill Rhodes, ...
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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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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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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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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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NewsTesco’s Price Drop hits other grocers
Tesco’s share price rose in the week that it launched its Big Price Drop, but the move hit the value of its food retail rivals.
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NewsHobbyCraft to throw in-store kids' birthday parties
HobbyCraft is aiming to create more in-store theatre and make its shops local community hubs as it aims to attract a wider audience.
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NewsClintons delays results announcement
Troubled greetings cards retailer Clintons has delayed the reporting of its prelims by two weeks.
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NewsArgos will not close stores, says Duddy
Argos has maintained it needs a 750-strong store estate despite growing calls from the City to slash store numbers.
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NewsFormer HMV director sets up 'revolutionary' co-buying shopping site BuyaPowa
A former HMV director has today launched a new online co-buying shopping service that allows consumers to use their collective buying power to achieve bulk-buy discounts on branded products.