All General merchandise articles – Page 192
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NewsHalfords is ‘investment opportunity’
Motor accessories and bikes group Halfords remains on analysts’ buy lists despite the departure of finance director Nick Wharton and anticipation of weakening sales.
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NewsB&M Bargains suffers supply chain problems after opening new warehouse
Value chain B&M Bargains is suffering supply chain difficulties just weeks after the opening of its new 625,000 sq ft warehouse in Speke, Liverpool.
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Target to try smaller format store and expand outside general merchandise market
General merchandise retailer Target plans to open a new, smaller-format store in Seattle in 2012 and has plans to expand in 10 further markets, including San Francisco and Baltimore, in the next few years.The new store will cover about 90,000 sq ft, while its other urban concept stores will range ...
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Costco to invest £23m in its Australian business
US-based warehouse club operator Costco is investing Aus$40m (£23m) in its Australian business this year. The investment comes on top of last year’s Aus$100m (£58m) capital expenditure in the country, when it opened its first store in Melbourne. A second store is due to open in Auburn and another is ...
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NewsWalmart to buy South African retailer Massmart, Asda’s Andy Bond to oversee
Walmart intends to push into Africa with the $4.2bn acquisition of general merchandise group Massmart.
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GalleryKmart Eastland, Melbourne, Australia
Mass merchandising of the kind generally found in edge-of-town locations has managed, over the years, to get itself something of a bad name for cavernous, lacklustre interiors.
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AnalysisThe arts and crafts market
Trend-watchers might dispute the reason why, but the figures show that hobbies, arts and crafts are enjoying a huge revival in popularity
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Lawson to increase capital spending to aid expansion
Japanese convenience store chain Lawson will increase its capital spending to $50m (£32m) in China during 2011, with the aim of opening about 130 convenience stores.Cities earmarked for additional stores include Shanghai, Chongqing, Shenyang, Dalian, Chengdu and Beijing. Lawson president Takeshi Niinami said: “It’s time to go to China. We ...
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Makro Cash & Carry appoints Antoine Peleyras as CEO
Metro Group-owned Makro Cash & Carry has appointed Antoine Peleyras as its new chief executive officer.Until 2005 he held the position of supply chain and merchandise director at Carrefour Marinopoulos in Greece and then the position of merchandise director in the Carrefour hypermarket division in France.More recently, he was managing ...
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Walmart to move into convenience stores in urban markets
Walmart is set move into convenience stores in urban markets such as Chicago and Los Angeles as the largest US retailer seeks to revitalise growth in its home market.Commercial real estate brokers say Walmart has begun scouting for sites for smaller-format stores in a range of urban markets, including Sacramento ...
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Macy's expands online fulfilment centre to cope with growth
Department store chain Macy’s has announced it will expand its online order fulfilment centre near Portland, Tennessee, to accommodate continued online sales growth.The 600,000 sq ft facility opened in spring 2007. The expansion will add 374,000 sq ft. Construction is expected to begin this autumn so that the expanded facility ...
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NewsLike-for-likes fall at Beales
Department store group Beales has posted a 1.7% fall in like-for-like sales,including concessions and VAT, after a fall-off in demand for big ticket items.
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NewsCountrywide pushes profits up by a third
Rural retailer Countrywide has posted record profits, helped by strong sales of clothing and footwear, improved retailing and new store openings.
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NewsArgos performance dents Home Retail profits
Argos owner Home Retail Group expects full-year profits to come in at the low end of expectations after suffering a second quarter sales fall at flagship chain Argos.
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NewsWHSmith buys Gadget Shop
WHSmith has bought gadget and gift etailer the Gadget Shop from toy specialist The Entertainer.
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NewsSector fears cause general retailers to be downgraded
Broker Singer has downgraded forecasts for 17 general retailers by up to 10% because of fears about sector prospects.
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New Poundworld stores help sales to rocket 40%
Poundworld, the Yorkshire-based single-price retailer, reported a 40% surge in sales in its last financial year owing to new store openings and the VAT reduction.
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NewsArgos sues shipping company
Argos is suing container shipping company AP Moller-Maersk for more than $13m (£8.4m) over accusations it reneged on a contract.
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AnalysisBrands: If at first you don’t succeed, try, try, try again
Joining the ranks of high street failures such as Zavvi and Woolworths, high-profile retail casualty of the recession MFI is being resurrected as an online brand. But can failed or struggling brands successfully put their tattered reputations behind them and regain trust