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CommentWire
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A number of retailers are already active in the financial services sector, including Sainsbury's [SBRY.L] and Tesco [TSCO.L]. Now Matalan [MTN.L], the discount clothing retailer, has announced that it too will launch a range of financial services. The retailer is resisting claims that it may lose focus on its core business and is instead concentrating on making its new product range a success.<BR />
Published By Datamonitor
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12 Aug 2003 |
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CommentWire
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Aggressive new entrant Atlantic Electric and Gas is seeking to continue its impressive growth rate by developing a partnership with Matalan [MTN.L], the clothing and homeware discount retailer. Through this and other partnerships, Atlantic hopes to expand its sales proposition among residential customers. Atlantic's tactics should prove successful in motivating customers to switch providers.<BR />
Published By Datamonitor
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13 Aug 2003 |
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CommentWire
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Adding to its existing high street stores, next month UK skin and hair care company Lush will test its new 'girlie' retail concept in London's Carnaby Street. Large industry players must keep an eye on the innovations made by their smaller rivals, which often need to have their finger closer to the pulse to maintain their market share.
Published By Datamonitor
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29 Aug 2003 |
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CommentWire
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Exel [EXL.L], the global supply chain management company, has been awarded a contract to provide a range of logistics services to Marks & Spencer's [MKS.L] childrenswear provider, The Zip Project. Fashion retailers are increasingly turning to logistics specialists like Exel to give them the competitive edge, by reducing costs and improving lead times.
Published By Datamonitor
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15 Dec 2003 |
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Expert View
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There is no doubt that 2005 has been a dreadful year on the high street and as the festive season approaches, most retailers are extremely cautious about their prospects. However, while the economic news has been highly discouraging for those retailers awaiting an upturn in their fortunes, according to retail specialists Verdict there may soon be light at the end of the tunnel ...
Published By Datamonitor
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20 Oct 2005 |
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CommentWire
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The new Polish government of the conservative Law and Justice party has promised to examine the encroachment of hypermarkets into the country's retail sector. However, an element of political calculation is thought to be involved in this: while about 100,000 people are employed in large stores, the retail sector as a whole employs more than 2 million, mainly in small independent shops.
Published By Datamonitor
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21 Nov 2005 |
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Expert View
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John Lewis indicated that sales had surged in the past five weeks, providing hope that Christmas trading may be better than last year. The company's sales last week rose by 5.8 % to GBP62 million against a year ago. While the performance must be encouraging for John Lewis, its rivals must still be hopeful that the Christmas spirit cold weather engenders will drive consumers into the shops.
Published By Datamonitor
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22 Nov 2005 |
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Expert View
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Former Moss Bros chief executive Adrian Wright has led a private equity-backed buyout of the men's clothing chain the Speciality Retail Group in a deal said to be worth about GBP30 million. Given Wright's strong track record and retail discipline, hopes are high that the new management will be able to turn fortunes around at the specialist menswear company.
Published By Datamonitor
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30 Nov 2005 |
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CommentWire
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Online clothes retailer ASOS has reported an interim loss of GBP120,000, despite reporting sales growth of 78%. Although the loss was a result of increased investment in new ranges and greater warehouse capacity in anticipation of the Christmas rush, the company will need to keep a tight rein on its processes to ensure costs do not escalate.
Published By Datamonitor
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01 Dec 2005 |
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Expert View
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The Japanese casual clothing chain Fast Retailing, the operator of Uniqlo-brand stores, is set to take a 95% stake in France's second-biggest lingerie chain for E70 million. It is clear that Fast Retailing has learned from expernience that buying up existing brands presents less of a risk and offers more flexibility than taking its casualwear brand to new markets.
Published By Datamonitor
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05 Dec 2005 |
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