Connect to share and comment

Online retailer N Brown to increase UK presence: paper

(Reuters) - Internet and catalogue retailer N Brown Group plc, which owns the Jacamo and Simply Be brands, is seeking to expand its presence in the UK, The Daily Telegraph reported. The company, which has nine outlets in the UK, has hired a former Asda property executive to spearhead the property acquisition according to the newspaper.

UK retail sales rebound in run-up to Christmas - CBI

LONDON (Reuters) - British retail sales rebounded in the run-up to Christmas after weakness in the two previous months, the Confederation of British Industry said on Wednesday. The CBI distributive trades survey's retail sales balance surged to +34 in December, matching September's 15-month high, after stagnating at +1 in November. Economists polled by Reuters had expected an increase to +10.

Wal-Mart stores promotes Cheesewright to president and CEO of its international business

BENTONVILLE, Ark. - Wal-Mart Stores is promoting David Cheesewright to president and CEO of its international business. The 51-year-old Cheesewright succeeds Doug McMillon, who last month was named the next president and CEO of the world's biggest retailer. McMillon succeeds Mike Duke. Cheesewright currently serves as president and CEO of Walmart's Europe, Middle East and Africa and Canada region. Other posts he's held at the retailer include serving as COO of Walmart Canada and Asda, its U.K. operations.

British store calls police on shopper in Nazi uniform

A man wearing a full Nazi uniform was ejected from a British supermarket and the police were called after complaints by fellow shoppers, the store said on Friday. The man, wearing a black SS officer's uniform complete with a cap and a red armband, left before police could arrive at the shop in Cambridge, eastern England, on Thursday. A local man with mental health problems who is obsessed with Nazi leader Adolf Hitler claimed responsibility for the Halloween incident on Twitter.

UK retail sales fall unexpectedly in April - CBI

LONDON (Reuters) - British retail sales fell in April for the first time in eight months, a survey by the Confederation of British Industry showed on Wednesday. The sales balance in the CBI's monthly distributive trades survey dropped to -1 from zero in March, its weakest since August. Analysts had expected a modest rise. The expected sales balance for May dropped to -6, its lowest since February 2012.

Asda considers bid for HMV - report

(Reuters) - Asda, the British arm of U.S. retailer Wal-Mart Stores Inc, is considering a bid for collapsed music retailer HMV, the Telegraph reported. Asda is interested in buying HMV's brand and business and is not just looking to purchase former HMV stores to convert into convenience food shops, the Telegraph reported, without saying where it got the information. Asda, Britain's second-biggest supermarket group, has held talks with Deloitte, administrators to HMV, the Telegraph said.

HMV rescue deal expected by the end of March - source

By Neil Maidment LONDON, March 12 (Reuters) - Administrators at British entertainment retailer HMV will push to secure a rescue deal for the firm before a big quarterly rent bill becomes due at the end of March, a source familiar with the situation told Reuters. The 92-year-old firm was forced to appoint Deloitte to find a buyer for all or parts of the business in January, after succumbing to a decline in CD, DVD and video game markets as well as increasing competition from supermarkets and online rivals.

UPDATE 2-Asda says horse meat scandal could mean higher prices

* CEO can't guarantee food testing costs won't be passed on * Says "shocked" by scandal, says there's "no excuse" * Will "leave no stone unturned" to sort out supply chain * Q4 like-for-like sales growth slows to 0.1 pct * Slowdown reflects price investment in essential foods By James Davey and Neil Maidment

UPDATE 1-Asda sales growth slows

* Growth slows from 0.3 pct rise in Q3 * Parent Wal-Mart posts higher quarterly profit LONDON, Feb 21 (Reuters) - Asda, the British arm of U.S. retailer Wal-Mart, said underlying sales growth had slowed in the fourth quarter of its financial year as consumers tightened spending. Britain's second-biggest supermarket chain behind Tesco said on Thursday that sales at stores open for more than a year, excluding fuel and VAT sales tax, were up 0.1 percent in the 14 weeks to Jan. 5, its fiscal fourth quarter.

Asda fourth quarter sales growth slows to 0.1 pct

LONDON, Feb 21 (Reuters) - Asda, the British arm of U.S. retailer Wal-Mart, said underlying sales growth had slowed in the fourth quarter of its financial year. Britain's second-biggest supermarket chain behind Tesco said on Thursday sales at stores open over a year, excluding fuel and VAT sales tax, was up 0.1 percent in the 14 weeks to Jan. 5, its fiscal fourth quarter. That followed a third quarter rise of 0.3 percent.
Syndicate content