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JD Sports prepares for “substantial” loss for Blacks and Millets Wednesday, 19th June 2013
JD Sports Fashion on Wednesday revealed its outdoor categories are set for another “substantial” loss, as a return to profitability remains a “work in progress”. The sporting goods retailer today warned its outdoor division, which made a loss of £14.9 million in its last financial year to February, had to sacrifice margins in order to achieve a positive like-for-like sales figure.
Safeway’s Canadian assets acquired by grocery chain Sobeys in $5.7bn deal Thursday, 13th June 2013
Empire Co Ltd, operator of Canadian supermarket group Sobeys, is set to acquire Safeway Inc’s Canadian assets for USD 5.7 billion, in a deal that will see the buyer nearly double its reach in the country’s western regions.
Home Retail Group posts boost in like-for-like Q1 sales Thursday, 13th June 2013
Home Retail Group, the UK’s biggest home and general merchandise retailer, on Thursday revealed a boost in like-for-like sales, as both its Argos and Homebase brands saw positive growth in the first quarter.
Europe's fashion giants post weak sales while Inditex SA outperforms Wednesday, 12th June 2013
Slow sales were reported by Europe's fast-fashion giants like H&M that showed sales with VAT amount to SEK 36.9 billion falling 0.06 per cent for second quarter in comparison to last year.
J.C. Penny opens apparel design center at New York Wednesday, 12th June 2013
After cloudy moments at J.C. Penny last year, Mangone, CEO of the business found the device he was seeking for.
Whole Foods Market's founder calls the board ahead of UK expansion Tuesday, 11th June 2013
John Mackey, Whole Foods Market's founder, bought the board to London before deciding on the major UK expansion.
Sales set to surge 40% for Asos Monday, 10th June 2013
Third quarter sales are expected to rise by at least 40 per cent for the online fashion retailer as shoppers decided to stay indoors instead of braving the cold weather on the high street. All eyes will be on Asos, the UK’s largest internet-only clothing retailer on Wednesday as it prepares to report back on third-quarter trading.