Accessories Amazon Asda Christmas Expansion & Franchise Fashion HR News High Street John Lewis London Marks & Spencer Media News Results Retail Retail and Consumer Industry Retail news Sainsbury's Store Tesco UK brand china consumer deal deals and rumours department department stores e-commerce electricals expansion fashion news food grocer group launch luxury morrisons my online online retail people profit property retail property retailer sale sales supermarket waitrose
Marks & Spencer posts another fall in profits Tuesday, 21st May 2013
The department store group on Tuesday reported pre-tax profits fell to £564.3 million in the year to 30 March, down from £658 million the year before. Despite group sales rising 1.3 per cent to £10 billion, Marks & Spencer’s general merchandise lines continued to struggle, falling 4.1 per cent year-on-year and dragging down the performance of the business as a whole.
Calypso St. Barth set to complete California expansion Thursday, 16th May 2013
The American women’s clothing and apparel brand, Calypso St. Barth, are due to open three stores in Southern California this summer, in a plan to expand its bricks and mortar outlets from 39 to 45 by the end of the year. The stores due to open are located at Westfield Century City in Los Angeles in July, with two more stores due to open later in the summer in Malibu and Montecito.
Ocado's shares fall 8 per cent amid potential contract dispute with Waitrose Monday, 13th May 2013
Ocado, the grocery delivery service, saw its shares drop 8 per cent amid a potential breach of contract with main clients Waitrose, The Guardian reported Monday. Waitrose lawyers remain concerned about Ocado’s proposed deal to set Morrisons up with their own online delivery service, fearing a conflict of interests.
Foot Locker look to expand its European business by buying German footwear chain Thursday, 9th May 2013
Foot locker Inc. has agreed to buy German footwear chain, Runners Point Warenhandels for EUR 72 million, it emerged on Wednesday. Foot Locker chief executive, Ken C. Hicks, said of the acquisition: “We are excited to be adding Runners Point, a fast growing, multi-format and multi-channel business, to our already-strong European operations.
M & S new 900,000 sq ft warehouse will help improve online sales Thursday, 9th May 2013
Marks & Spencer have opened a 900,000 sq ft warehouse in Castle Donington in a bid to improve its online trading. The clothing and homeware retailer currently only sells 15 per cent of its products online, 20 per cent less than major rival Next. The new facilities will mean the retailer will be able to deal with 1m orders a day, compared with a few hundred currently.
E-commerce giants Alibaba see profits triple from last year Wednesday, 8th May 2013
China’s biggest e-commerce group, Alibaba, has seen its net profits almost tripled according to regulatory filing by Yahoo. In the three months through December, net profits rose from USD 642m (GBP 415m), 80 per cent higher than the previous year. Yahoo currently has a 24 per cent stake in the company after the Chinese group bought back some of its shares last year.
Iceland returns to e-commerce once more Tuesday, 7th May 2013
Iceland, the first food retailer to launch online shopping nationwide in UK has returned to e-commerce with its online ordering and free delivery service. Iceland's director John Mackie worked with ecommerce partners Portaltech Reply to setup the service for Iceland Foods in seven months.
Home Retail profits fall once more Wednesday, 1st May 2013
The parent company of Argos, Habitat and Homebase on Wednesday posted its fifth consecutive fall in annual profit, as customers continue to struggle under the pressure of the downturn. Home Retail Group, Britain’s biggest household goods retailer, today announced underlying pretax profit of £91 million for the year to 2 March.
Overseas online sales to generate £28bn for British retailers by 2020 Tuesday, 30th April 2013
Online sales generated by UK retailers from international markets are expected to generate £28 billion by 2020, according to new research released on Tuesday. The report, by OC&C Strategy Consultants in collaboration with Google, predicts that international online sales will soon outpace domestic ones to make up 40 per cent of total online sales by 2020.