All General merchandise articles – Page 205
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News
Family Dollar reveals a 2.6% net sales increase year on year
Discount variety store operator Family Dollar posted results for the fourth quarter ending August 30, revealing a 2.6% net sales increase year on year to about $1.81bn (£1.1bn).Like-for-like sales for the same period increased 1%. Sales for the full year reached $7.4bn (£4.5bn), corresponding to 6% growth year on year ...
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NewsMarks & Spencer launches personalised greetings cards business online
Marks & Spencer is to take on card retailers such as Clinton and WHSmith, and online specialists such as Moonpig, with the launch of a personalised card service.
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NewsCash focus keeps Home Retail profitability on track
Home Retail Group has revealed better-than-expected second-quarter sales at Argos and Homebase.
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NewsDeflation returns to the high street
Shop prices have fallen on the British high street for the first time since February 2007, as the retail sector revealed a drop of 0.1% last month compared with inflation of 0.5% in July.
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News‘Recovery hopes premature’ as August UK retail sales fall
UK retail like-for-like sales fell 0.1% in August as shoppers stayed away from the high street due to very wet weather, casting doubt on early economic recovery hopes.
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NewsJohn Lewis to launch Value range
John Lewis is to launch a low-priced ‘Value’ range this week in a bid to compete with the non-food ranges of the supermarkets.
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NewsAcorn Pet Centres collapses into administration
Scottish pets retailer Acorn Pet Centres has fallen into administration.
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NewsFlight to value brings Wilkinson record sales
Value retailer Wilkinson has recorded its highest ever annual sales of £1.45bn, as it capitalises on shoppers’ continued flight to value in the recession.
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NewsSpecsavers revives Postman Pat
Specsavers has revived the much-loved children’s TV character Postman Pat for its latest TV ad campaign to promote its two-for-one offer.
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NewsRejected Nisa-Today’s suitor to rally support
Distribution group Bibby Line was expected to make moves to overturn convenience store buying group Nisa Today’s decision to reject its takeover bid last week, as Retail Week went to press.
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AnalysisGudjon Reynisson faces the challenge of restoring Hamleys
The former PE teacher is in no doubt about the weight of responsibility he bears in restoring much-loved toy retailer Hamleys to its former glory. Can he succeed, asks Nicola Harrison
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NewsThe Entertainer profits slide but Woolworths closures aid recovery
The Entertainer suffered a fall in pre-tax profits from £674,643 to £38,722 in the year to January 31, but the toy chain said it is on course to post record profits in its current financial year as sales soar.
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News
Staples announces a 9% increase in sales
Office specialist Staples announced a 9% increase in sales to $5.5bn (£3.37bn) for its second quarter. In North America retail sales decreased 5% to $2bn (£1.23bn).Comparable store sales decreased 5% against 2008, reflecting declines in average order size and weakness in durable categories such as business machines and furniture. Internationally, ...
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NewsDiscount store numbers climb by 60%
The number of discount shops such as Poundland and 99p Stores has surged by 60% during the downturn.
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NewsHamleys losses soar but sales revival under way
Toy retailer Hamleys’ net losses leapt last year to £7.1m from £2.7m as interest rate charges and restructuring costs ate into the bottom line.
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News99p Stores considers sale or float as it maps out rapid expansion
Value specialist 99p Stores is to review its ownership structure, potentially resulting in a sale as early as next summer or a flotation in the next three years.
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NewsRyman builds on systems overhaul with web platform
Ryman will replace its web platform before the end of the year as part of a significant overhaul of its internet operation.
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NewsWeak property market and good sales prompt HobbyCraft growth
Arts and crafts retailer HobbyCraft is doubling the rate of its store expansion programme on the back of strong sales and a weak property market. The retailer will open at least eight stores in the year to February 2010. Traditionally the retailer has opened just four a year.
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News
Office Depot launches flagship store in Kuwait
Office Depot has launched a flagship store at The Avenues Mall, its first in Kuwait. The store covers 9,690 sq ft and offers about 5,000 products and services, including a photocopy, print and ship centre.The store has been opened in partnership with local retailer MH Alshaya and is expected to ...
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NewsPoundland dips toe in contactless payment
Poundland is trialling contactless payment technology at two of its London shops as it seeks to cut queues at its checkouts.