Publication: Retail Business Review

First reported Apr 17 2014 - Updated 9 hours ago - 1 reports

Burberry Group revenues up in first half

Luxury group Burberry Group total revenues in the six months ended March 31, increased 16% to £1.298bn, from £1.116bn in the prior year.Retail revenues increased to £928m from £840m while comparable sales growth was 12%, in line with the company's ex ... [Published Retail Business Review - Apr 17 2014]
First reported 11 hours ago - Updated 11 hours ago - 1 reports

Scotland footfall declined in March: SRC

Shopper numbers in Scotland has declined significantly in March, as against the same period last year, according to figures released by Scottish Retail Consortium (SRC) and Springboard.In March, shopper numbers in Scotland were 2.1% lower than a year ... [Published Retail Business Review - 11 hours ago]
First reported Apr 17 2014 - Updated 23 hours ago - 1 reports

Home Depot slows physical stores expansion, shifts focus on e-Commerce

The Home Depot, an American retailer of home improvement, has firmed up plans to shift its focus on e-Commerce, in a move to gain market share.It operates many big-box format stores across the US (including all 50 US states, the District of Columbia, ... [Published Retail Business Review - Apr 17 2014]
First reported Apr 17 2014 - Updated Apr 17 2014 - 1 reports

Retail footfall in UK up by 1.8% in March: BRC & Springboard

Retail footfall in UK was 1.8% higher in March than a year ago, significantly up on 2.9% fall in February, and above the three-month average of 0.4 %, according to the data released by British Retail Consortium (BRC) and Springboard.Footfall on the high ... [Published Retail Business Review - Apr 17 2014]
First reported Apr 17 2014 - Updated Apr 17 2014 - 1 reports

South Africa's retail sales up in February

South Africa's retail sales in February increased marginally, as against the same period a year ago, according to the data from Statistics South Africa.Retail sales rose 2.2% year-on-year in February, after a sharp 6.4% increase in January. The latest ... [Published Retail Business Review - Apr 17 2014]
First reported Apr 17 2014 - Updated Apr 17 2014 - 1 reports

National Retail Federation reiterates commitment for protection of consumer data

The National Retail Federation (NRF) reiterated that the retail industry is committed to safeguarding and protecting consumer data and information from today's intelligent and sophisticated cybercriminals and hackers.NRF Retail Technologies vice president ... [Published Retail Business Review - Apr 17 2014]
First reported Apr 17 2014 - Updated Apr 17 2014 - 1 reports

Aaron's receives strong support from franchisees

Aaron's, Inc., the leading lease-to-own specialty retailer that offers flexible payment options for credit-challenged individuals, today announced that it has received strong support from its franchisees in connection with the Company's acquisition of ... [Published Retail Business Review - Apr 17 2014]
First reported Apr 17 2014 - Updated Apr 17 2014 - 1 reports

Starbucks plans to move European HQ to London post tax hassles

International coffeehouse chain Starbucks has announced plans to move its European headquarters to London from the Netherlands this year and pay more tax in the UK, following criticism over the issue last year.The move by the world's largest coffee chain ... [Published Retail Business Review - Apr 17 2014]
First reported Apr 17 2014 - Updated Apr 17 2014 - 1 reports

Michael Hill opens new concept store

Michael Hill announces the opening of its first EMMA & ROE concept store at the Caneland Central Shopping Centre in Mackay, Queensland.EMMA & ROE will carry unique jewellery collections consisting of bracelets and charms along with matching jewellery. ... [Published Retail Business Review - Apr 17 2014]
First reported Apr 16 2014 - Updated Apr 16 2014 - 1 reports

Department store operator Debenhams profits down in first half

British department store group Debenhams posted 24.5% lower group pre-tax profit of £85.2m in the first half, as against the prior year's £112.8m, as restated.For the 26 weeks period ended 1 March 2014, profit attributable to owners of the parent slid ... [Published Retail Business Review - Apr 16 2014]
First reported Apr 16 2014 - Updated Apr 16 2014 - 1 reports

Positive half year for Lincolnshire Co-op

Sales growth in food and travel, plus a strong performance in pharmacy, has helped Lincolnshire Co-op record a positive trading result in the first half of its financial year (Sept 2013 to March 2014).The Society, which covers Lincolnshire and surrounding ... [Published Retail Business Review - Apr 16 2014]
First reported Apr 16 2014 - Updated Apr 16 2014 - 1 reports

99 Cents Only Stores reports ten month fiscal 2014 results

99 Cents Only Stores LLC announced its financial results for the shortened fiscal year 2014 that began on March 31, 2013 and ended January 31, 2014, consisting of 44 weeks.As previously announced, the Company changed its fiscal year from the Saturday ... [Published Retail Business Review - Apr 16 2014]

Quotes

"We are still to see much, if any, of the economic recovery translate into higher levels of confidence or propensity to spend in Scotland. With Scottish sales figures out next week, retailers will be hoping that improved levels of footfall in March has translated into more transactions and that this momentum can be maintained over the Easter period."
Home Depot chief executive Frank Blake was quoted by the Reuters citing The Wall Street Journal that, "the retail model forever was to increase sales through opening additional units, but as you added stores to a finite group of households, each store becomes less profitable."
"NRF is currently in the planning stages with respect to a final step in the development of the Retail ISAC: the establishment of the technological and operational infrastructure to support a secure portal through which members can share information."
Burberry Group chief executive officer Angela Ahrendts said, "We are pleased with our second half performance, with total revenue up 19% and retail sales up 13%, underpinned by the planned increase in investment in offline and online retail, innovative customer service and marketing."

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Scotland footfall declined in March: SRC [Published Retail Business Review - 11 hours ago]
Home Depot slows physical stores expansion, shi... [Published Retail Business Review - Apr 17 2014]
National Retail Federation reiterates commitmen... [Published Retail Business Review - Apr 17 2014]
South Africa's retail sales up in February [Published Retail Business Review - Apr 17 2014]
Michael Hill opens new concept store [Published Retail Business Review - Apr 17 2014]
Burberry Group revenues up in first half [Published Retail Business Review - Apr 17 2014]
Starbucks plans to move European HQ to London p... [Published Retail Business Review - Apr 17 2014]
Aaron's receives strong support from franchisees [Published Retail Business Review - Apr 17 2014]
Retail footfall in UK up by 1.8% in March: BRC ... [Published Retail Business Review - Apr 17 2014]
Department store operator Debenhams profits dow... [Published Retail Business Review - Apr 16 2014]
Positive half year for Lincolnshire Co-op [Published Retail Business Review - Apr 16 2014]
Fast Retailing to bid for British homewares bra... [Published Retail Business Review - Apr 16 2014]
Jimmy Choo to list on London stock market in au... [Published Retail Business Review - Apr 16 2014]
DSW forays into Canadian market with Town Shoes... [Published Retail Business Review - Apr 16 2014]
Tesco pretax profit down in FY13/14 [Published Retail Business Review - Apr 16 2014]
99 Cents Only Stores reports ten month fiscal 2... [Published Retail Business Review - Apr 16 2014]
Aaron's acquires Progressive Finance Holdings, ... [Published Retail Business Review - Apr 16 2014]
Singapore retail sales up in February 2014 [Published Retail Business Review - Apr 16 2014]
Bharti Group in talks with Carrefour for joint ... [Published Retail Business Review - Apr 15 2014]
Flipkart in final discussions to acquire Myntra [Published Retail Business Review - Apr 15 2014]
US retail sales up in March: Commerce Department [Published Retail Business Review - Apr 15 2014]
Save-A-Lot Food stores to open new distribution... [Published Retail Business Review - Apr 15 2014]
Tesco stages US comeback with F&F clothing busi... [Published Retail Business Review - Apr 15 2014]
UK retail sales down by 1.7% in March: BRC- KPMG [Published Retail Business Review - Apr 15 2014]
Woolworths plans 15 outlets in sub-Saharan Africa [Published Retail Business Review - Apr 14 2014]
KSS Retail enables Tesco to optimize promotions... [Published Retail Business Review - Apr 14 2014]
Lotte plans $1.9bn retail development in Vietnam [Published Retail Business Review - Apr 14 2014]
Consumer spending in UK at 14-month low in March [Published Retail Business Review - Apr 14 2014]
Turkish retail sales down by 1.6% in February 2014 [Published Retail Business Review - Apr 14 2014]
Family Dollar Stores earnings down in Q2, plans... [Published Retail Business Review - Apr 11 2014]
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