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KKR planning to invest in Saks Thursday, 23rd May 2013
The Private-equity firm is aiming towards merging the New York based luxury department store with its rival Neiman Marcus Group Inc.
Posted in Deals and Takeovers, Department Stores, fashion, Fashion News, Footwear, Jewellry, Luxury Goods, Online retail, Retail Industry Tagged merger, investment, finance, retailers, Saks
House of Frasers sales rise by 53% Thursday, 23rd May 2013
House of Fraser reached a 3.3 per cent increase in sales due to online performance which pushed the sales to total of £1.2 billion in turnover.
Posted in Deals and Takeovers, E-Commerce, fashion, Fashion News, Online retail, Retail Industry Tagged investment, finance, sales, profit
Halfords shares tumble as annual profits slide Thursday, 23rd May 2013
Shares in Halfords have fallen after the bicycle retailer posted a significant drop in annual profits.
Posted in Sporting Goods Tagged Halfords, Sporting Goods, bicycles, cars, Matt Davies, General Merchandise
Morrisons shares fall Thursday, 23rd May 2013
Morrisons shares fell 3 per cent after Walter Scott sold its stake.
Posted in Deals and Takeovers, Food, Online retail, Retail Industry, Supermarket News, Supermarkets, supply chain Tagged Morrisons, Investment, shares, sales, finance, marketing, market share
Mothercare posts full year profit boost Thursday, 23rd May 2013
Mothercare today posted a better-than-expected rise in full year profit and said it was making good headway with its three-year revival plan.
Posted in Retail Industry Tagged Mothercare, retail industry, general merchandise
Samsung's Galaxy S4 sales hit 10m Thursday, 23rd May 2013
Samsung Electronics Co reports that flagship Galaxy S smartphone hit 10 million in sales since its launch in April.
Posted in Electricals, Entertainment, Online retail, Retail Industry Tagged digital media, smartphones, Samsung, mobiles
Britvic to close 2 factories & warehouse with job cuts Wednesday, 22nd May 2013
Britvic reports that it will close down two factories and a warehouse in attempt to cut annual costs by £30 million over the next three years.
Posted in Deals and Takeovers, Drink, Retail Industry Tagged Britvic, sales, merger, employment, finance
Xbox One "changes everything" Wednesday, 22nd May 2013
Last night Microsoft unveiled a new Xbox console that integrates TV, internet and gaming in a manner that, according to executive Marc Whitten, “changes everything”.
Posted in Electricals Tagged Xbox One, Electricals, Microsoft
Laura Ashley to pay special dividend Wednesday, 22nd May 2013
Laura Ashley is to pay £3.6 million dividend to shareholders in celebration of its 60th anniversary.
Posted in fashion, Fashion News, Luxury Goods, Online retail, Retail Industry Tagged Laura Ashley, fashion industry, clothing, luxury brand, shares, sales
Westfield Group remain tight-lipped about Starwood deal Wednesday, 22nd May 2013
Photo credit: My-Retail Media
Westfield Group are allegedly in the early stages of agreeing a deal with Starwood Capital Group to sell seven of its U.S. shopping malls, according to Reuters. Private real estate investment company, Starwood Capital Group, are thought to offering in excess of USD 1 billion for the acquisitions, a source revealed on Wednesday.
Posted in Deals and Takeovers, Department Stores, Retail Industry, Retail Property Tagged DDR Corp, Westfield, Blackstone Group LP, retail property, real estate, department stores, Starwood Capital Group
