All General merchandise articles – Page 191
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NewsM&S urges caution despite increase in sales
Marks & Spencer beat second-quarter sales expectations but chief executive Marc Bolland remained cautious about prospects. Despite Bolland’s wariness, and a rise in costs such as marketing, analysts upgraded their forecasts ahead of a strategic update next month.
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NewsHalfords set to cut space as web sales accelerate
Retailer to cut space by at least 15% as online allows it to downsize its portfolio.
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99¢ Only Stores Q2 sales increase 2.7%
Discount chain 99¢ Only Stores recorded a 2.7% increase in sales during its second quarter to $334m (£209m). Like-for-like sales grew by 0.6%. During the second quarter the company opened four stores and closed one. CEO Eric Schiffer commented: “We believe that we will have a strong holiday season, and, ...
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Target considers entering Canada
US general merchandise retailer Target is considering entering Canada with as many as 200 stores, in the company’s first move beyond US borders. The discount retailer gave the clearest indication of its intention so far when its representatives spent the past few days meeting with Canadian developers at a shopping ...
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dm-drogerie markt tops £3.5bn in sales
Drugstore retailer dm-drogerie markt topped the €4bn (£3.5bn) sales mark in Germany in the financial year ended September 30, a sales increase of at least 7% on 2008/09. Although a reduction compared with the double-digit growth rate it achieved over the past couple of years, the company said the sales ...
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NewsClinton Cards cautious on economic environment
Clinton Cards has said it is cautious on the economic environment as like-for-likes slip in the first ten weeks of its financial year.
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NewsProfits up, sales down at WH Smith
WH Smith has announced a 9% increase in full-year profits this morning.
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NewsSales growth slows in September
UK retail like-for-likes grew just 0.5% in September, marking the sixth month of low growth according to the BRC-KPMG Retail Sales Monitor.
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NewsRetail administrations slow
The rate of businesses going into administration has slowed to levels not seen since before the economic downturn, with the retail sector showing the “most pronounced drop”.
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NewsSt David's Grows
Cardiff shopping centre St David’s celebrates its first anniversary this month and has revealed 10 more shops, including Modelzone, are due to open before Christmas.
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AnalysisContactless payments: Out of contact
Contactless is approaching tipping point, but concerns remain about costs and whether shoppers will embrace the system without a national consumer awareness campaign.
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AnalysisIf consumer confidence is down, why are sales rising?
Consumer confidence has fallen yet again and many expect the decline to continue - so why are sales growing, with shoppers seemingly defying their mood?
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News99p Stores extends its Family Bargains trial
Single price-point retailer 99p Stores is trialling the conversion of some stores to its new variety format Family Bargains.
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Kmart to expand own-brand portfolio with the introduction of new range
Sears-owned mass merchandiser Kmart has announced the expansion of its own-brand portfolio with the introduction of the Smart Sense line. The new private label includes a wide range of items from snacks and beverages to oral care, household cleaners and over-the-counter medications.According to the retailer, the Smart Sense line is ...
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Walmart's Indian JV calls government to remove wholesale trading restrictions
Walmart’s Indian joint-venture, Bharti Walmart, has called for India’s government to remove restrictions allowing FDI-backed wholesale firms to sell no more than 25% of their total turnover to a group retailer.The latest relaxation in FDI rules by the government lifted restrictions on products being sold only for internal use. However, ...
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NewsHalfords profits to rise 12% but like-for-likes fall
Halfords is expecting to report group pre-tax profit up 12% in its first half, but like-for-likes were down 4.1%.
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Amazon launches first ecommerce storefront on Facebook for Pampers
Amazon has launched its first ecommerce storefront on Facebook, for nappy manufacturer Pampers. Under a ‘Shop Now’ tab on the Pampers Facebook page, people can buy nappies as well as other products from parent company Procter & Gamble (including Tide, Olay and Pantene products) through Amazon.Customers on the Pampers Facebook ...
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NewsWiggle profits up 59%
Bikes etailer Wiggle has revealed that profits surged 59% to £7.1m in the year to January 31.
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OpinionRealism required on retail rents
Out-of-town shopping parks have changed the face of British retailing and helped it become one of the most vibrant of industries. Right now, though, landlords need to show a greater degree of flexibility to reflect the realities of the economic climate.