All General merchandise articles – Page 210
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News
Target shareholders reject alternative director list
Shareholders in general merchandise retail powerhouse Target last week rejected an alternative list of directors put up by activist shareholder William Ackman.In a heated battle, Ackman, the head of Pershing Square Capital Management, sought to have his own roster of directors, including himself, replace the existing board to better compete ...
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NewsMay food inflation falls to lowest level this year
Shop price inflation growth has slowed to 1.3 per cent in May, from 1.4 per cent in April.
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NewsPoundland EBITDA soars 27 per cent
Poundland’s EBITDA has rocketed 27 per cent to £20m in the year to March 29.
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NewsWales and Southwest footfall shows sharpest decline
Wales and the Southwest have experienced the biggest fall in footfall numbers in the UK.
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NewsRecession has 'dramatically' changed spending habits
The recession has caused “dramatic” changes in the way consumers spend their money, according to Experian’s Insight Report.
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NewsJohn Lewis reports strongest week of the year so far
John Lewis has recorded its strongest week of the year so far, with sales up 2 per cent.
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NewsHalfords names Dennis Millard chairman
Motor accessories and bikes giant Halfords has appointed Dennis Millard as chairman, replacing Richard Pym.
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NewsHamleys axes chiefs in cost-cutting drive
Iconic toy retailer Hamleys has parted company with two senior directors as part of a restructure of its head office, which could also result in a third of staff being axed.
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News
Green shoots shrivel as rally grinds to halt
Green shoots shrivelled as, for the third week running, general retailers were in reverse. The sector’s amazing rally over the past few months has shuddered to a halt as a result of profit taking by investors, some nasty shocks and a still uncertain outlook.
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News
Target experiences profit fall
General merchandise retailer Target experienced a profit fall from $602m to $522m (£379.4m to £329m) in the first quarter to May 2.Like-for-like sales in its retail arm deteriorated 3.2 per cent while total sales rose 0.4 per cent to $14.4bn (£9.08bn). It is the fifth consecutive quarter that Target’s sales ...
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News
Woolworths expects profit rise
Food and general merchandise retailer Woolworths expects a 20 per cent rise in full-year profits on the back of the sale of its stake in Woolworths Financials Services.The said its profit growth was aided by the R380m (£28.9m) it made from the sale of its stake. Woolworths is bucking the ...
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NewsFindel considers rights issue
Home shopping group Findel may launch a rights issue to put its finances on a more secure footing.
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OpinionClinton has its cards marked
Clinton Cards’ £46.4m acquisition of rival Birthdays in 2004 was one of the least surprising deals ever.
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News
Lawson shelves plan to acquire rival
The country’s second largest convenience store chain Lawson has shelved plans to acquire rival am/pm. Lawson said it could not reach an agreement with the US-based competitor.The proposed acquisition would have cost the 9,500-store retailer ¥14.5bn (£97m). As part of the deal, am/pm wanted the majority of its 1,100 stores ...
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NewsRetail sales fall in year to May
Retail sales fell again in the year to May after remaining broadly flat in April.
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NewsJessops shareholders unlikely to see return
Jessops has reported a loss of £5.9m in its first half and said that while it was still working “towards a solvent solution for the business” it does not expect “any value will be attributed to shareholders”.
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NewsJohn Lewis Partnership sales up
John Lewis Partnership recorded a 2.8 per cent sales rise in the week to May 16.
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News
Cash Generator to expand in Scotland
Second-hand retailer and pawnbroker Cash Generator is to double its portfolio of shops in Scotland as it seeks to up its nationwide presence.
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NewsEx-WHSmith man to run British Bookshops & Stationers
British Bookshops & Stationers’ new owners have drafted in former WHSmith director John Simpson to return the business to profitability.
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NewsClothing retailers benefit from April sales rise
Retail sales rose 3 per cent in value year on year during April and 2.6 per cent by volume, ONS data showed.