Publication: Retail Business Review

First reported Sep 12 2014 - Updated Sep 12 2014 - 1 reports

Brazil July retail sales fall unexpectedly

In July, retail trade in the country recorded change of -1.1% in terms of volume of sales and of -0.7% regarding nominal revenue.Both rates were compared to those in the preceding month (seasonally adjusted series). Considering volume, a result like this ... [Published Retail Business Review - Sep 12 2014]
First reported Sep 12 2014 - Updated Sep 12 2014 - 1 reports

Dunelm Group plc board changes

Dunelm Group plc, the UK's leading homewares retailer, announces that Nick Wharton has resigned his position as Chief Executive and is stepping down from the Board. Will Adderley, currently Executive Deputy Chairman, is to resume the role of Chief Executive ... [Published Retail Business Review - Sep 12 2014]
First reported Sep 12 2014 - Updated Sep 12 2014 - 1 reports

Home Retail’s Argos unit reports 1.4% surge in Q2 sales

Home Retail Group, UK's leading home and general merchandise retailer, said sales at its household goods chain Argos improved in the second quarter (Q2), rising by 1.4%.For 13 weeks ended 30 August, the firm's total sales at Argos increased to £901m.Like-for-like ... [Published Retail Business Review - Sep 12 2014]
First reported Sep 11 2014 - Updated Sep 11 2014 - 1 reports

Home Depot's US, Canada stores breached

Home Depot has confirmed that its payment data systems have been breached, potentially impacting millions of customers who used their cards at its stores in the US and Canada.The home improvement retailer said its investigation into the breach goes as ... [Published Retail Business Review - Sep 11 2014]
First reported Sep 11 2014 - Updated Sep 11 2014 - 1 reports

Kingfisher announces group chief executive succession plan

Kingfisher announces Group Chief Executive succession plan. Sir Ian Cheshire to be succeeded by Ms Véronique Laury, Chief Executive of Castorama France, before the end of the current financial year.Kingfisher plc, Europe's largest home improvement retailer, ... [Published Retail Business Review - Sep 11 2014]
First reported Sep 11 2014 - Updated Sep 11 2014 - 1 reports

Ramayana strikes deal with Spar International to open 30 outlets in Indonesia

Department store operator PT Ramayana Lestari Sentosa Tbk has signed an agreement with Dutch-based supermarket chain Spar International, to open 30 SPAR supermarkets across Indonesia.With the new deal, Ramayana intends to expand its food retail business ... [Published Retail Business Review - Sep 11 2014]
First reported Sep 10 2014 - Updated Sep 10 2014 - 1 reports

Jimmy Choo poised for London IPO

British luxury shoe maker Jimmy Choo could kick off its initial public offering in London as soon as this month amid rising investor demand for high-end retail.The company has hired Bank of America to manage the sale and is seeking a valuation of about ... [Published Retail Business Review - Sep 10 2014]
Entities: Jimmy Choo, IPO, London
First reported Sep 10 2014 - Updated Sep 10 2014 - 1 reports

Twitter gears up for e-commerce with 'Buy' button trials

Twitter is due to begin testing ‘Buy Now’ button that lets users make purchases directly from certain tweets as part of its foray into e-commerce."This is an early step in our building functionality into Twitter to make shopping from mobile devices convenient ... [Published Retail Business Review - Sep 10 2014]
First reported Sep 09 2014 - Updated Sep 10 2014 - 1 reports

Japan’s Rakuten to buy Ebates for about $952m

Japanese e-commerce major Rakuten has arrived at a basic agreement to buy Ebates, a US online cashback-shopping company, for about CNY100bn ($952m).The deal is part of Rakuten's efforts to make further inroads into the US market and expand oversees.Based ... [Published Retail Business Review - Sep 09 2014]
First reported Sep 08 2014 - Updated Sep 09 2014 - 1 reports

bebe stores announces fourth quarter and fiscal year 2014 preliminary financial results

bebe stores, inc. (BEBE) today announced unaudited financial results for the fourth quarter and fiscal year ended July 5, 2014.Jim Wiggett, Chief Executive Officer said, "The Company took significant steps during the fourth quarter to re-focus on the ... [Published Retail Business Review - Sep 08 2014]
First reported Sep 08 2014 - Updated Sep 08 2014 - 1 reports

Walmart to acquire Carrefour’s three wholesale stores in India

Walmart has announced plans to take over three of the wholesale stores set up by French group Carrefour in India and replace them with its own.The stores to be replaced are located in Delhi, Jaipur and Agra, reports Business Standard newspaper, citing ... [Published Retail Business Review - Sep 08 2014]
First reported Sep 08 2014 - Updated Sep 08 2014 - 1 reports

Alibaba plans $155bn US IPO

Chinese e-commerce giant Alibaba Group unveiled plans for an initial public offering that values the company at $155bn, which is set to be the most high-profile public offering since Facebook listing nearly two years ago.The retailer, which accounts for ... [Published Retail Business Review - Sep 08 2014]

Quotes

"In almost four years under Nick's leadership, Dunelm has taken great strides forward. His strong marketing, process and operational focus has significantly strengthened the customer offer while at the same time creating a robust infrastructure, more sophisticated retail systems and a more advanced multi-channel proposition. At the same time, a high quality operational management team has been put inin place, and the strong growth and momentum of the business has continued. These achievements are reflected in the strong share price performance during Nick's tenure which, with the level of cash returns, has delivered excellent value for shareholders. The Board extends its sincere thanks to Nick and we wish him all the very best for the future."
Home Retail Group CEO John Walden said: "The Group has had a good first half. Argos delivered its ninth consecutive quarter of positive like-for-like sales growth in the second quarter. For the first time in many years, this sales growth was supported by an improved gross margin performance."
Daniel Bernard, Kingfisher Chairman said: "It has been a pleasure to work with Sir Ian, and on behalf of the Board and our colleagues I want to thank him for his successful leadership. He has transformed Kingfisher into a stronger business with a bright future during a difficult economic time. During his tenure as Group Chief Executive Kingfisher's reported sales grew 23%, adjusted profit before tax doubled and Kingfisher's market capitalisation increased by £3.8 billion (+112%). Furthermore, £1.6 billion of financial net debt was eliminated leaving the business strong enough to commence a capital return programme to our shareholders in 2014, the first in Kingfisher's history. He also leaves a strong sustainability legacy in Net Positive and an impressive management cadre throughout the business."
Home Depot chairman and CEO Frank Blake said, "We apologize for the frustration and anxiety this causes our customers, and I want to thank them for their patience and support as we work through this issue."

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Dunelm Group plc board changes [Published Retail Business Review - Sep 12 2014]
Home Retail’s Argos unit reports 1.4% surge in ... [Published Retail Business Review - Sep 12 2014]
Brazil July retail sales fall unexpectedly [Published Retail Business Review - Sep 12 2014]
Kingfisher announces group chief executive succ... [Published Retail Business Review - Sep 11 2014]
Home Depot's US, Canada stores breached [Published Retail Business Review - Sep 11 2014]
Ramayana strikes deal with Spar International t... [Published Retail Business Review - Sep 11 2014]
Jimmy Choo poised for London IPO [Published Retail Business Review - Sep 10 2014]
Twitter gears up for e-commerce with 'Buy' butt... [Published Retail Business Review - Sep 10 2014]
Japan’s Rakuten to buy Ebates for about $952m [Published Retail Business Review - Sep 09 2014]
bebe stores announces fourth quarter and fiscal... [Published Retail Business Review - Sep 08 2014]
Walmart to acquire Carrefour’s three wholesale ... [Published Retail Business Review - Sep 08 2014]
Alibaba plans $155bn US IPO [Published Retail Business Review - Sep 08 2014]
British shop prices fell in August: BRC- Nielsen [Published Retail Business Review - Sep 07 2014]
Costco agrees to pay $335, 000 over alleged Cle... [Published Retail Business Review - Sep 05 2014]
SuperGroup interim management statement [Published Retail Business Review - Sep 04 2014]
HanesBrands acquires DBApparel for $528m [Published Retail Business Review - Sep 04 2014]
Retail turnover rose 0.4 per cent in July 2014 [Published Retail Business Review - Sep 04 2014]
Prestige Brands completes purchase of Insight P... [Published Retail Business Review - Sep 04 2014]
Euro zone retail sales fell in July 2014: Eurostat [Published Retail Business Review - Sep 04 2014]
Neiman Marcus unveils 250,000ft² flagship ancho... [Published Retail Business Review - Sep 04 2014]
Talbots selects Mi9 retail for business intelli... [Published Retail Business Review - Sep 03 2014]
ViSalus founders to acquire majority of ViSalus... [Published Retail Business Review - Sep 03 2014]
Dollar General raises bid for Family Dollar Sto... [Published Retail Business Review - Sep 03 2014]
Home Depot suspects potential data breach [Published Retail Business Review - Sep 03 2014]
Hudson’s Bay company announces appointment of J... [Published Retail Business Review - Sep 02 2014]
Abercrombie & Fitch reports second quarter results [Published Retail Business Review - Sep 02 2014]
Estonia retail sales up in July: Statistics Est... [Published Retail Business Review - Sep 02 2014]
Luxottica’s CEO Andrea Guerra steps down after ... [Published Retail Business Review - Sep 02 2014]
Tesco issues profit warning citing tough tradin... [Published Retail Business Review - Sep 01 2014]
Mattress Firm to acquire Back to Bed, Bedding E... [Published Retail Business Review - Sep 01 2014]
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