Sainsbury’s sales drop but Argos improves

Sainsbury’s has blamed “very competitive” trading conditions, and warned of continuing uncertainty because of the weak pound – as it revealed falling supermarket sales. But sales at Argos – which Sainsbury’s bought last year as part of its £1.4bn purchase of Home Retail Group – have improved. Ian King spoke to John Rogers, Sainsbury’s former … Read more Sainsbury’s sales drop but Argos improves

Retailers and the self-employed hit back at Budget announcements

Helen Dickinson, chief executive of the British Retail Consortium, tells Ian King Live the measures introduced by the Chancellor in the Budget to help businesses cope with an increase to business rates are a plaster on a system that is fundamentally broken and not fit for purpose in the 21st century. Chris Bryce, the chief … Read more Retailers and the self-employed hit back at Budget announcements

M&S leads the retailers celebrating a better-than-expected Christmas

Sky’s Charlotte Lomas reports on a slew of Christmas trading updates from the high street’s biggest retailers. SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on Twitter: https://twitter.com/skynews and https://twitter.com/skynewsbreak Like us on Facebook: https://www.facebook.com/skynews For more content go to http://news.sky.com and download our apps: iPad https://itunes.apple.com/gb/app/Sky-News-for-iPad/id422583124 iPhone https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB

Coca-Cola Bottling Co. Consolidated Announces First Quarter Dividend of $0.25 per Share

Coca-Cola Bottling Co. Consolidated (NASDAQ: COKE) has announced a dividend for the First Quarter of 2014 of $.25 per share on shares of the company’s Common Stock and Class B Common Stock payable on 14th February 2014 to shareholders of record as of the close of business on 31st January 2014. Coca-Cola Bottling Co. Consolidated … Read more Coca-Cola Bottling Co. Consolidated Announces First Quarter Dividend of $0.25 per Share

Apple Sells 2 Million iPhones in China on First Weekend of Launch

Apple have sold 2 million iPhones in China just three days after the December 14th launch. Tim Cook, Apple’s CEO, said of the sales figures: “Customer response to iPhone 5 in China has been incredible, setting a new record with the best first weekend sales ever in China.” The new device is being rolled out … Read more Apple Sells 2 Million iPhones in China on First Weekend of Launch

US Retailers Prepare For Thanksgiving Sales

US retailers are preparing for the biggest weekend in the American shopping calendar. Black Friday, Thanksgiving & Cyber Monday will see the majority of the year’s purchases fly through merchants’ tills in a mere four days of shopping. Golden Globe® winning actress Valerie Bertinelli has teamed up with Scottsdale Fashion Square and Veebow to promote … Read more US Retailers Prepare For Thanksgiving Sales

Ebay Second Quarter Revenue $3.4 Billion

Ebay has reported second quarter revenue of $3.4 billion – up 23% on the same period in 2011. The results were partly driven by as 13% increase in the number of active registered Paypal accounts of which there are now 113.2 million. John Donahoe, eBay Inc. President and CEO commented: “We delivered a great second … Read more Ebay Second Quarter Revenue $3.4 Billion

Fourth Quarter Accounts for 80% of Toys “R” Us Revenue

Vornado Realty Trust, which owns a 32.7% stake in Toys “R” Us, has announced that it will take a £32.2 million loss from its shareholding for the quarter ending 31st December. The equity real estate investment trust explained the figures thus, “the business of Toys is highly seasonal; historically, Toys’ fourth quarter net income accounts … Read more Fourth Quarter Accounts for 80% of Toys “R” Us Revenue

Gap Opens Banana Republic Store in Paris, France

Gap has opened a flagship Banana Republic store in Paris, France. The 1,482 square meters of retail space is located on the infamous Avenue des Champs Élysées. Two floors of neoclassical architecture are graced with marble, a Charles Edwards chandelier and French Art Deco antiques. The staff have a collective knowledge of 15 languages, ideal for … Read more Gap Opens Banana Republic Store in Paris, France

Retail Outlets Brace for Black Friday

The United States’ tradition of sales the day after Thanksgiving will see thousands of shoppers flocks to stores on 25th November 2011. It is hoped that heavy discounting and special offers will buoy spending in the USA and online. Gap’s brands will open almost 1,000 stores next week with large crowds expected to rush into … Read more Retail Outlets Brace for Black Friday

H&M To Carry New David Beckham Bodywear Range

H&M will carry a new range of bodywear by David Beckham following a deal signed to distribute the collection through 1800 stores in 40 countries from 14th February 2012. Beckham is moving towards a new brand identity with the help of business partner Simon Fuller. “Over the past year, I’ve been developing my Bodywear range … Read more H&M To Carry New David Beckham Bodywear Range

California Pizza Kitchen Opens Restaurant in Mumbai, India

California Pizza Kitchen has opened a third restaurant in India, providing American-style pizzas, salads and pastas to the Infiniti Mall in the suburb of Malad, North of Mumbai. The mall also includes a 5 screen cinema and an indoor rollercoaster as well as shops with big name  brands such as Lacoste and Zara. The new … Read more California Pizza Kitchen Opens Restaurant in Mumbai, India

Saks Fifth Avenue to Open in Kazakhstan

Saks Fifth Avenue will open a store in Almaty, Kazakhstan, in August 2012, it has been announced. 91,000 square feet will be devoted to the well known USdepartment store brand alongisde other luxury outlets at the Esentai Shopping Mall. The high-end shop will also fit a three-storey high digital video screen on the outside of the building. … Read more Saks Fifth Avenue to Open in Kazakhstan

Rakuten Acquires 75% Stake in Brazilian E-Commerce Platform Ikeda

Rakuten, which owns Linkshare, Rakuten Ichiba, Buy.com and Priceminister, has bought a 75%  stake in the Brazilian e-commerce platform, Ikeda. Launched in 1996, Ikeda is a software as a service company which manages the Brazilian online retail operations of firms such as Ri Happy, Le Postiche, Etna, Whirlpool Brazil, Cobasi and Panasonic. The financial terms … Read more Rakuten Acquires 75% Stake in Brazilian E-Commerce Platform Ikeda