UK retail sales surge 4.4% in February 2013, strongest increase in three years
Retail sales volumes in UK for the month of February 2013 increased 4.4%, representing the strongest monthly surge in three…
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admin-demo
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Electronics retailer Best Buy reports $249m in net losses for FY2013
US-based consumer electronics retailer Best Buy has recorded a net loss of $249m for the 12-month period of the 2012…
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Gap outlines retail expansion for 2013, 160 new stores planned worldwide
US-based clothing and accessories retailer Gap has outlined a broad expansion plans for its portfolio in 2013 to leverage on…
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JC Penney to unveil 700 Joe Fresh apparel shops in March 2013
US-based department store chain JC Penney plans to unveil 700 Joe Fresh apparel shops on 15 March 2013 as part…
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UK high street gains £4.5bn in receipts from international visitors
Data published by tourism promoter VisitBritain revealed that the receipts represent 25% of all spending on the UK high street…
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IKEA embroiled in horsemeat row, meatball sales suspended from European outlets
Swedish furniture giant IKEA was forced to suspend the sale of meatballs from UK and 13 other European markets following…
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Abercrombie & Fitch net income totals $237m for FY2012
US-based fashion retailer Abercrombie & Fitch has reported net income of $237m for the 2012 financial year ended 2 February…
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Wal-Mart net sales total $466.1bn for 2013 fiscal
Retail major Wal-Mart has reported consolidated net sales of $466.1bn for the 2013 fiscal year, ended 31 January 2013. The…
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Office Depot signs definitive merger agreement with OfficeMax
US-based Office Depot has signed a definitive merger agreement with OfficeMax to combine both companies in an all-stock merger.The transaction…
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Operating business in UK escalate to £116bn in 2012, says British Retail Consortium
The increase represents a 21% hike since 2006 while retail sales values rose just 12% in the same period. The…