Industry News
Global Intec provides a specialist to professionals within the retail sector and as such are always looking to keep up with industry trends, market intelligence and breaking news.
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Stories 21 to 30 of 58
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Published: Monday, 15th December, 2008
Pound shops are doing well this Christmas
Pound shops are one of the few kinds of retail business doing well in the economic downturn. Many people are using them to find cheap and cheerful Christmas presents and basics for their homes. Read more
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Published: Monday, 15th December, 2008
House prices to drop 10% in 2009
House prices in Britain will fall another 10% by the end of next year, a property website has predicted. Initial asking prices are now 10.2% below the peak they hit in May of this year, with Rightmove predicting average asking... Read more
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Published: Monday, 15th December, 2008
Time Warner has picked up an additional 10 million shares, raising its total stake in Eidos to about 20 percent.
Reports in recent weeks have indicated that Electronic Arts, Ubisoft and possibly even Square Enix have been looking to acquire Tomb Raider publisher Eidos. In the meantime, however, media giant Time Warner has increased its stake in Eidos by another... Read more
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Published: Monday, 15th December, 2008
Premier Foods in talks to secure cash injection
Premier Foods, owner of some of the best-known names on supermarket shelves including Hovis, Mr Kipling, Branston and Sharwoods, confirmed this morning that it is in talks with City investors over fundraising to help the debt-laden company. In a statement... Read more
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Published: Monday, 15th December, 2008
Waitrose opened its first convenience store yesterday, in Nottingham. The 5,815 sq ft (540 sq m) shop, in the city's Trinity Square, is located opposite the John Lewis department store and is the first of a four-branch convenience store trial.
The shop has fresh fish and meat counters, a bakery and a self-service food bar where shoppers can select from smoothies, granola and yoghurts in the morning and sandwiches and salads for lunch and evening meals.Waitrose managing director Mark Price... Read more
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Published: Monday, 15th December, 2008
New Look confident it can grow overseas
New Look international managing director Michael Lemner has told Retail Week that value fashion retailers continue to be well placed to expand overseas despite the global downturn.He said: "I believe that even in difficult market situations, real value brands have... Read more
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Published: Monday, 15th December, 2008
John Lewis posts record technology sales
John Lewis has continued to gain sales momentum after notching up a record week for its technology products.In the week to Saturday December 13, sales at the department store group were down only 4 per cent on the year, a... Read more
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Published: Monday, 15th December, 2008
Nualight Signs 1 million Green Lighting Deal With Tesco
Irish company Nualight has announced its selection by leading retailer Tesco in a €1million deal to implement its energy saving LED lighting product in Tesco Ireland's stores. The deal will see Nualight's Vantium Porto product retrofitted in all doors in... Read more
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Published: Monday, 17th November, 2008
Sainsburys posts 15th quarter of consecutive like-for-like sales growth
Sainsbury has said that underlying profit before tax rose by 13.3 per cent at the interim stage on sales that were up by 7.6 per cent. Total sales for the first half were up 8.3 per cent (5.0 per cent... Read more
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Published: Monday, 17th November, 2008
Christmas isn't cancelled as majority plan to spend same as last year
In spite of the current economic turmoil, 57% of UK consumers say they intend to spend the same this Christmas as they did last year, according to the 14th annual Christmas Retail Survey, published today by the business advisory firm... Read more