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Nokia announces launch of Flagship London Store at 240 Regent Street 2008-02-08 03:14:50 Nokia today announced that its pioneering UK FlagshipStore
on London's Regent Street
will open its doors to the public on 8th February 2008.Designed to set the benchmark in technology retailing practice, through the creation of an upscale, high-energy environment, Nokia Regent Street promises the ultimate shopping experience for Nokia's wide portfolio of mobile devices.Simon Ainslie, Managing Director Nokia UK commented, "In championing our brand, Nokia Regent Street will be dynamic, original and beautifully designed. The store will provide world-class customer service and deliver a unique experience enhancing our customer's lifestyles.""The Nokia Flagship Store pioneers new technologies and techniques, setting a new standard in the retail world as a whole. At Nokia Regent Street, everyon Read more:Nokia
, Nokia announces
Slight acceleration in Jan shop prices 2008-02-07 02:43:33 British Retail Consortium presents the Scotland shop price January 2008. Year-on-Year: Shop prices in Scotland were 1.0% higher compared with a year ago, showing a slight acceleration from December's 0.8% year-on-year rise but still below the 1.1% in October and November.Month-on-Month: In January shop prices were 0.2% lower compared with the previous month, the first time prices have fallen month-on-month since July 2007. Discounting taking place after the Christmas period has led to the reduction in shop prices.Fiona Moriarty, Director, SRC comments:“Scotland’s annual shop price inflation in January remained lower than the rest of the UK, as it has for most of last year. Scottish consumers continued to be protected by intense competition between retailers, ensuring much of the impact Read more:Slight
Arvind Mills to implement Oracle ERP for its retail outlets 2008-02-04 04:04:40 Textile major ArvindMills
Limited has decided to implement Oracle
' s enterprise resource planning (ERP) software to manage its growing chain of retail outlets. The project cost is estimated at around Rs10 crore.Arvind Mills has two retail store formats, Mega Mart Outlet Centres (large discount stores), and the smaller Mega Mart stores. For the short term, Arvind Mills is looking to open eight large stores in cities such as Pune, Hyderabad, Bangalore and Chennai, while it plans to expand its smaller stores to tier II cities.With each store requiring an investment of around Rs4 crore, the total outlay of Rs400 crore would be funded from internal accruals. As per Sanjay Lalbhai, managing director of Arvind Mills, last year retail stores contributed Rs100 crore to the top line of the company,
Putian set to bring largest Shoes & Clothing Center 2008-02-01 05:56:05 Recently, over hundred enterprises from Wenzhou and Shaoxing city formally signed an investment accord to pitch-in for Putian Shoes and ClothingCenter
. Leaders from the local Government attended the signing ceremony.While analyzing the reasons for such investment in this particular center, Experts opined that the local shoes-making industry has a huge demand in the market. Local preferential policies and strategic geographical position of the centre had the potential to lure flocks of traders.Further, due to proper market planning many leather manufacturers and dealers from many areas like Guangzhou, and Henan Province have been doing business with the local footwear manufacturing enterprises for quite some time.The Putian Shoes and Clothing Center, located in Fujian Province, covers over
Pantaloon Retail Announces Launch of Big Bazaar in Barrdhaman City 2008-02-01 05:52:50 Pantaloon Retail
(India) Limited, a part of the Future Group, today announced the launch of its flagship hypermarket retail store – Big Bazaar
– in Barrdhaman city. With this launch the company has further enhanced its reach to the masses in Eastern India having 14 Big Bazaar stores, while for the country; the count goes upto 80 stores.Big Bazaar is widely known for its unbelievable pricing and unmatched offers throughout the year. Spread over an area of 62,000 sq.ft, Big Bazaar located at Barddhaman Arcade, 66 B B Ghosh Road, will cater to every single household needs for the citizens of the city and its neighbourhood towns.Says Mr. Sandeep Marwaha, Head Operation, East Zone, Pantaloon Retail (I) Ltd., "Big Bazaar will bring convenience plus rich shopping experience to the people of B Read more:Launch
Pantaloon Retail Announces Launch of Big Bazaar in Ahmednagar 2008-02-01 05:50:19 Pantaloon Retail
(India) Limited, part of the Future Group, today announced the launch of its flagship hypermarket format - Big Bazaar
– in Ahmednagar. With today’s launch, the company has further enhanced its reach to the masses in Maharashtra, with Ahmednagar Big Bazaar being the 18th store in the State, while overall tally goes upto 76 Big Bazaar stores in the country.As part of the launch offer, customers shopping for a minimum of Rs 499/- on a single bill will get sugar on a discount prize of Rs 4.99/- per Kg (maximum 5 kg). The offer will be valid till December 31st 2007.Big Bazaar, which displays around 1.6 lakh products under various categories, is widely known for its unbelievable pricing and unmatched offers throughout the year and is a source for mega cost savings for every Read more:Launch
Pantaloon Retail posts 62.9 per cent increase in income for the quarter ended December 31, ‘07 2008-01-31 07:09:53 Pantaloon Retail
(India) Limited, part of the Future Group, declared its unaudited financial results for the quarter
ended December
31, 2007 wherein the Income from operations (Rs.1226.75 crore) for the quarter increased by 62.9 per cent
; and PBDIT (Rs.110.93 crore) increased by 93.06 per cent.The Meeting of the Board of Directors was held as scheduled i.e. 22nd January 2007 and the Board inter‑alia took the following decisions:- Board took on record the Unaudited Financial Results for the second quarter ended on 31st December 2007 along with the Limited Review Report of the Statutory Auditors, which are attached herewith.- Board has approved setting up wholly owned subsidiary companies for Big Bazaar and Food Bazaar, Speciality Retail Business Activities and Property & Mall Manageme Read more:posts
Cabela's posts Q4 2007 results, expects to open two stores 2008-01-30 03:33:02 Cabela's Incorporated, the World's Foremost Outfitter of hunting, fishing, and outdoor gear, announced preliminary financial results
for its fourth fiscal quarter and fiscal year ended December 29, 2007, as well as earnings guidance for fiscal 2008.For the fourth quarter, Cabela's expects
to report a 13.9% increase in total revenue, including a 3.3% increase in direct business revenue. Total retail store revenue is expected to increase 31.8%, including a 5.9% decline in same store sales. Diluted earnings per share for the fourth quarter are expected to be in the range of $0.83 to $0.85.For full-year 2007, total revenue is expected to increase 13.9% over 2006, with a 3.9% increase in direct business revenue. Total retail store revenue is expected to increase 27.2%, with a 1.2% decline in sa Read more:posts
, stores
Retailers welcome Economic Stimulus Agreement 2008-01-25 04:06:17 The National Retail Federation welcomed an agreement on economic stimulus legislation reached between the Bush Administration and House leaders.“The proposal put forth is simple, targeted economic stimulus that will quickly put money into consumers’ pockets where it can boost economic growth by creating demand throughout all sectors of the economy,” NRF Senior Vice President for Government Relations Steve Pfister said.“Given the financial stress that consumers will be under in the coming year, stimulus legislation is essential to the health of our nation’s economy and to the jobs that rely upon the strength of that economy.”“We are heartened that congressional leaders in the House, working with the Administration, have set aside partisan differences and are working together t Read more:Economic
, Agreement
Textiles & clothing sector retail sales volume up 2008-01-23 07:07:02 The volume of retail sales (i.e. excluding price effects) increased by 3.9% in November 2007 compared to November 2006. There was a monthly decrease of 0.6%. If Motor Trades are excluded the annual increase was 5.5% and the monthly change was -0.1%.The value of retail sales increased by 6.2% in November 2007 compared to November 2006 and decreased by 0.2% in the month. However, if Motor Trades are excluded, the annual increase was 7.1% and the monthly change was +0.5%. October 2007 is the latest month for which final detailed figures are available.The three-month August 2007 – October 2007 volume figures show that, compared with the three months ending July 2007:• The largest increase in the volume of sales was in the Textiles and Clothing (+4.4%) sector
.• The largest decrease in the
Largest Retail Chain Store in United States Achieves Success With Demand Management Solutions from SAP 2008-01-22 04:54:18 Demonstrating ongoing leadership in providing innovative solutions to retailers worldwide, SAP AG (NYSE: SAP) today announced that 7- Eleven, Inc. has extended its agreement for demand management solutions from SAP. The announcement was made at the National Retail
Federation (NRF) 97th Annual Convention and Expo, being held in New York, NY, January 13-16.As the largest chain store in the UnitedStates
with close to 5,500 franchised and company-operated stores, 7-Eleven faces similar pricing and product availability challenges as other retailers. Demand management solutions from SAP better position 7-Eleven to make competitive decisions on pricing for its store products.“Responding appropriately in today’s fast-paced environment is critical,” said Scott McCombs, senior director for me Read more:Store
, Largest
, Chain
, Achieves
, Success
Carrefour Group announces an acquisition in Indonesia, reinforcing its leading position in the country 2008-01-21 04:49:51 Carrefour Group
has signed a Share Purchase Agreement on 21 January 2008 with PT Sigmantara Alfindo and Prime Horizon Pte. Ltd. to acquire a 75% majority stake in PT Alfa Retailindo Tbk, (“Alfa Retailindo”) for a total equity consideration of IDR 674bn (€49.3m).Alfa Retailindo, a listed company on the Jakarta Stock Exchange, is a major perator in Indonesia
, operating 29 stores across the country (with sales area comprised between 1000m² and 4000m²), of which 13 are located in Jakarta. Alfa Retailindo reported net sales in 2006 of IDR 3624bn (€265m).With this acquisition, Carrefour Indonesia consolidates its position
as a leading ood retailer in the country.This acquisition forms part of Carrefour’s strategy to reinforce its presence in key growth markets through a locally adapt Read more:Carrefour
Amazon.com Launches Indie & Art House Store with Actor, Director and Producer Jon Favreau as First ''Independent Voices'' Curator 2008-01-19 01:41:28 With the film festival season well under way, Amazon
.com, Inc. (NASDAQ:AMZN) today launched its new Indie
& Art House
store at www.amazon.com/indies. This specialty store is a place where filmmakers and indie aficionados can preview, review and discuss independent works as well as gain insight into what's hot now in the indie and art house movie world. Additionally, actor, director, producer and CreateSpace member Jon Favreau has signed on to be the store's first Independent Voices curator. Favreau was selected based on his work in the independent film community, and will be offering reviews and recommendations on trailblazing and undiscovered independent films."Every year hundreds of great independent films are released, but fans still struggle to find the titles they long to see," sa Read more:Store
, Actor
, Director
, Producer
, First
Retailers ask President Bush to act quickly on Economic Stimulus 2008-01-18 04:58:49 Following up on a resolution passed by the National Retail Federation Board of Directors earlier this week calling for legislation to stimulate the nation’s economy, NRF wrote to President
Bush and both Democratic and Republican leaders of Congress asking for quick action.“U.S. retailers, who are a bellwether for our nation’s changing economic climate, are greatly concerned about the softening of the U.S. economy,” NRF President and CEO Tracy Mullin said.“2007 holiday sales were the weakest since 2002, and as the new year begins, consumer spending remains sluggish. Consumer spending represents 70 percent of the U.S. economy and has fueled our economy for the past decade.We agree with economists who say the fastest way for a stimulus to enter the economy is through the consumer. Read more:Economic
, quickly
, President Bush
NRF Forecasts 3.5% Growth in Retail Sales for 2008 2008-01-18 04:56:47 The National Retail
Federation released its 2008 economic forecast today, predicting that retail industry sales (which exclude automobiles, gas stations, and restaurants) will increase 3.5 percent from last year. According to its quarterly Retail Sales
Outlook report, released this morning at NRF’s 97th Annual Convention & EXPO, NRF expects the slow pace in sales growth to continue before picking up in the second half of the year.“Consumers will be under financial stress from high energy costs, the fallout from the housing slump, and sluggish employment and income growth,” said NRF Chief Economist Rosalind Wells. “Shoppers will seek to pay down debt, spend more in line with income growth, and approach discretionary purchases with more restraint.”While the outlook is somewhat Read more:Growth
L.L. Bean Number One in Customer Service, According to NRF Foundation/American Express Survey 2008-01-18 04:54:25 Satisfaction guaranteed is a mantra many companies live by, but customers say that none demonstrate that practice more than specialty retailer L.L. Bean. According to the third annual NRF Foundation
/AmericanExpressCustomerService
Survey, L.L. Bean delivers the best customer service in all retail formats. Results were unveiled moments earlier today at the Annual Retail Industry Luncheon during the National Retail Federation’s Annual Convention & EXPO in New York City. L.L. Bean moved up from third place in 2006 to secure the number one spot this year.The survey of 8,800 consumers and conducted by BIGresearch, found internet-only retailers landing top spots on the list, with Zappos.com coming in second, Amazon.com third, Overstock.com fourth and Newegg.com tenth. Other retailers who Read more:Number
, Customer Service
, American Express
'Organizing for Cross-channel Retailing' released 2008-01-17 04:54:51 As the internet becomes more influential, companies are grappling with the best ways to integrate multiple channels to maximize the customer experience and be more efficient, according to research released
by Shop.org, the digital division of the National Retail Federation. The study was conducted by J.C. Williams Group and underwritten by Sterling Commerce.The report, “Organizing for Cross
-channel Retailing,” is the result of a six-month study that benchmarks and documents cross-channel organization design.The study was based on individual interviews with retail executives in addition to round table workshops with executives.According to the report, it is common for retailers to have completely separate online operations with their own marketing, merchandising and fulfillment capabili
Dubai Shopping Festival with full stock of fashion & jewelleries 2008-01-17 04:51:52 Al Bustan Centre and Residence - a deluxe property which offers world-class services and facilities in the city – is providing a rewarding shopping experience to residents and shoppers during the forthcoming DubaiShoppingFestival
(DSF).The property has already lined-up many attractive activities, tempting and special promotions, bargain deals and products during the shopping bonanza that are too irresistible to miss.The shops have been stocked up with the latest in fashion, accessories, jewelleries, cosmetics, perfumes and much more. Thus shoppers will get endless opportunities to win a range of prizes everyday for 32 days of the festival.One of the major DSF 2008 activities that the property is holding is the grand Nissan raffle, where customers get the chance to win the full range of
Aftershock store welcomed at Muscat City Centre, Oman 2008-01-16 02:30:59 MUSCAT Aftershock, the UK's leading women's evening wear, daywear and accessories designer, has opened its flagship store at the Muscat City Centre
, coinciding with the store's launch of its Autumn-Winter Collection for 2007-08.Aftershock is the UK's leading designer, retailer and manufacturer of exquisite and intricately beaded ladies fashion and accessories, bringing in the concept of 'affordable glamour' to women around the world.Aftershock, the store that epitomises feminity and beauty was first launched in the UAE, following the brand's success in the European and American fashion markets. Steven Hubbard, general manager, Landmark International said: "The flagship store at Muscat City Centre personifies the attributes of Aftershock – innovative, stylish and affordable. We are excite Read more:Oman
Shop.org, J.C. Williams Group Research Sparks Debate Over Retail Organizational Design 2008-01-16 02:26:34 As the internet becomes more influential, companies are grappling with the best ways to integrate multiple channels to maximize the customer experience and be more efficient, according to research released today by Shop.org, the digital division of the National Retail
Federation. The study was conducted by J.C. WilliamsGroup
and underwritten by Sterling Commerce.The report, “Organizing for Cross-channel Retailing,” is the result of a six-month study that benchmarks and documents cross-channel organization design. The study was based on individual interviews with retail executives in addition to round table workshops with executives.According to the report, it is common for retailers to have completely separate online operations with their own marketing, merchandising and fulfillment c Read more:Research
, Sparks
, Debate
Marks & Spencer Stores Across The South West To Start Carrier Bag Charging Trial 2008-01-11 07:05:38 Marks & Spencer
stores across the South
West of England are to start the first phase of a two-part carrier bag charging trial, aimed at encouraging customers to significantly reduce the number of carrier bags they use, this week.For four weeks, from Sunday 6th January, customers shopping in 35 M&S stores across Cornwall, Dorset, Somerset, Gloucestershire and Devon will receive a free M&S ‘Bag for Life’ (usual cost 10p) with every food transaction.Then from Sunday 3rd February, a 5p charge will be introduced for standard food carrier bags.* The ‘Bag for Life’ will revert to its usual 10p cost and will be replaced free of charge when worn out. All profits raised from the sale of the standard food carrier bags will be donated to the charity Groundwork UK and invested in lo Read more:Across
, Start
, Charging
, Trial
Marks And Spencer Group Plc Quarter 3 2007/08 - Interim Management Statement 13 weeks to 29 December 2007 2008-01-11 07:03:35 Marks And SpencerGroup
Plc Quarter 3 2007/08 - InterimManagement
Statement 13 weeks to 29 December
2007 - Group sales up 2.8%- UK sales up 2.0%: General Merchandise - 0.7%(1); Food +5.1%- UK like for like sales -2.2%: General Merchandise -3.2%; Food -1.5%- International sales up 15.1%Sir Stuart Rose, Chief Executive said:“Market conditions became more challenging through November and December. We continued to drive footfall, and volume growth in General Merchandise was strong at 5%. Price deflation was 6%, reflecting our continued focus on offering customers better values. We held market share in General Merchandise at 10.6%(2) and in Food at 4.3%(3).“We did not discount in the run up to Christmas. Stock levels were well controlled over the period. We had a strong start to the Chri
Target Retail Declares Regular Quarterly Dividend 2008-01-11 05:12:46 The board of directors of Target
Corporation (NYSE:TGT) has declared a quarterly dividend of 14 cents per common share. The dividend is payable March 10 to shareholders of record February 20, 2008. The first quarter dividend will be the company's 162nd consecutive dividend paid since October 1967 when the company became publicly held.About TargetTarget Corporation's operations include large, general merchandise discount stores and a fully integrated on-line business through which we offer a fun and convenient shopping experience with thousands of highly differentiated and affordably priced items. The company currently operates 1,591 Target stores in 47 states. Target Corporation news releases are available at www.target.com.Source: Target Corporation Read more:Retail
, Quarterly
, Dividend
Shop, NRF Div appoints new executive committee for BoDs 2008-01-10 05:42:58 Shop.org, the digital division of the National Retail Federation, has appointed a new executive committee for its Board of Directors, including a new Chairman and Vice Chairman.Richard Last, Vice President, New Business Development – jcp.com, JCPenney, becomes Shop.org's new Chairman. Last had previously served as Shop.org’s Vice Chairman.Last takes over for Elaine Rubin, President, Ekrubin Inc, who had been Chairman for the past eight years and was recently awarded the prestigious NRF Silver Anvil Award for her service.Rubin, a co-founder of Shop.org, will continue to serve as a Shop.org Board member. Patti Freeman Evans, Senior Analyst, Retail, JupiterResearch, will fill the Vice Chairman role.“Shop.org is fortunate to have such talented and committed leadership,” said Scott Silv
Renowned Retail Design Firms to Gather at NRF’s DESiGN STUDiO During Annual Convention 2008-01-10 05:40:06 During NRF’s BIG Show next week, attendees will be able to meet the people behind some of the world’s most well-known retail store designs. The NRF DESiGN STUDiO provides a unique opportunity where creative minds and retail design firms can come together to share expertise, talents and ideas. The STUDiO will be open Monday, January 14 from 9 a.m. to 5 p.m. and Tuesday, January 15, from 9 a.m. to 5 p.m. in conjunction with NRF’s AnnualConvention
and EXPO at the Jacob Javits Center in New York City.“We’ve gathered the best and the brightest in retail store design and have placed them in one central location to share their insights,” said Daniel Butler, NRF Vice President of Merchandising and Retail
Operations. “The STUDiO is a one-of-a-kind experience where retailers can netwo
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