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NEW YORK (Reuters) – Borders Group Inc (BGP.N) Chief Financial Officer Mark Bierley is taking on the additional role of chief operating officer, the latest change to the U.S. bookseller’s upper management ranks.Bierley, who joined Borders in 1996 and became CFO last year, will oversee Borders’… Street Insider – Borders Group (BGP) Appoints Mark Bierley as COO, Roz Thompson SVP of HR for Borders Group RTTNews.com – Borders Group Names CFO Mark Bierley To Addl.

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Borders CFO takes chief operating officer job (Reuters)

June 18 (Bloomberg) — Walgreen Co. and CVS Caremark Corp., the largest U.S. drugstore chains, agreed to allow pharmacy- benefits customers to keep filling prescriptions at Walgreen’s locations, ending an 11-day dispute.

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CVS Caremark, Walgreen Reach Agreement on Drug Plans (Update2)

18 June, 2010 | By George MacDonald WHSmith has struck a deal with TV personalities Richard Madeley and Judy Finnegan to reprise the pair’s book club. You must be a paid subscriber to Retail Week magazine to read this article and receive complete, unrestricted access to retail-week.com Retail..

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WHSmith to launch book club with Richard and Judy

Kroger surprised the Street with better-than-expected profits Thursday, but investors will want to know more about how the company plans to manage continued pressure from Wal-Mart. Sales during the grocery chain’s first quarter rose 8.7% to $24.8 billion, from $22.8 billion.

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Kroger’s Strong Earnings Feed A Rally For Grocers

17 June, 2010 | By Nicola Harrison Bed specialist Feather & Black has revealed a 40% uplift in like-for-like sales in the eight months to June 1 and has hired former Harrods Direct marketing director Alison Lancaster to the new role of marketing director. You must be a paid subscriber to Retail…

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Feather & Black set for new phase of growth

16 June, 2010 | By Jennifer Creevy Ethical cosmetics retailer Lush has been rapped on the knuckles by the Advertising Standards Authority for claims it made about fox-hunting in an in-store leaflet. You must be a paid subscriber to Retail Week magazine to read this article and receive complete,..

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Lush rapped on knuckles by ASA

Best Buy stock, which can be volatile in normal times, has been on a roller coaster ride over the past couple of days, driven by back-to-back announcements emanating from the Richfield-based consumer electronics retailing giant. Setting the stage for nervous investors was Friday’s U.S.

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Best Buy news lifts — and then disappoints — investors

You are here: News / Economic recovery will be protracted says CBI The CBI sees the recovery in the UK economy staying on track, but warned it will be protracted as urgent action is taken to reduce the budget deficit. In its latest economic forecast, the CBI predicts that the UK economy will grow… Reuters – G7 Growth Paths Seen Diverging, Small Double-dip Chance Reuters – Economy Still Recovering But Progress Slow – CBI

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Economic recovery will be protracted says CBI

Boardsports brand Quiksilver has agreed to sign a debt-to-equity exchange with private equity firm Rhone to swap $75m (£50.8m) of its outstanding debts for about 16.7 million shares at $4.50 (£3.04) per share. You must be a paid subscriber to Drapers magazine to read this article and receive… Drapers – Sainsbury’s reports ‘biggest ever week in clothing’ Drapers – Irregular Choice to open second UK store Drapers – Ted Baker interim retail sales rise 20% Drapers – Burberry boss receives £3.16m pay-out Drapers – Alexon sales fall 5% since year end Drapers – Aquascutum signs deal to develop golf collection Drapers – Ralph Lauren to sell over £600m of shares Drapers – Summer Sale: Selfridges kicks off Summer Sale Drapers – Lingerie show Mode City moves to July

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Quiksilver signs debt-to-equity deal

16 June, 2010 | By Joanna Perry The winners of the BT Retail Week Technology Awards were announced at a ceremony in London last night. You must be a paid subscriber to Retail Week magazine to read this article and receive complete, unrestricted access to retail-week.com Retail Week Subscribers:… Retail Week – Ted Baker retail sales rise 20% Retail Week – Consumer price inflation falls to 3.4% in May Retail Week – Strong start to the year for Ideal Shopping Retail Week – BRC calls for cut in ‘excessive’ fees charged for plastic payments Retail Week – Retail sales in London up 11.6% in May Retail Week – Waitrose to open first small convenience shop this week

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BT Retail Week Technology Awards winners announced

It’s not even time for back-to-school shopping yet, and the fight for holiday shopping dollars is starting even earlier than usual this year. Toys R Us — which has its own holiday coming when it goes public later this year — is firing the first shot.

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Toys R Us Isn’t Playing Around — Breaks out Holiday Promo Early

MINNEAPOLIS – Electronics retailer Best Buy said Tuesday that consumers bought more cell phones at its mobile unit in the first quarter, but its results missed expectations and shares tumbled nearly 5 percent in premarket trading. Best Buy said it sold more TVs but that was offset by falling TV…

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Best Buy 1Q net income rises, but misses view

With a retail price of $299, the new game console comes equipped with a wireless controller, Xbox 360 headset, HDMI output, USB flash drive storage capabilities and more, and a one-year limited warranty. Shares of Microsoft rose 1.75% in early trading Tuesday. Amazon, also rose slightly, up…

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Biz Brief: Microsoft Debuts Slim New Xbox at E3 Video Game Expo

It wasn’t so long ago that Borders (BGP), the second-largest brick-and-mortar bookseller in the country, was on life support. A critical $42.5 million loan from its primary stakeholder, Pershing Square Capital, was due on Apr. 1.

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Financier Bennett LeBow Poised to Take Control of Struggling Borders

You must be a paid subscriber to Drapers magazine to read this article and receive complete, unrestricted access to drapersonline.comDrapers Subscribers: If you are a Drapers subscriber please sign in with your email address and click submit: Drapers – Online clothing sales jump 21% for April Drapers – Online sales up 13% in April Retail Week – Fashion sales up 3.5% by value in April

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Online clothing sales jump 21% in April

21 May, 2010 | By Tim Danaher John Lewis and Waitrose both recorded sales increases in the week to May 15, with the department store business particularly strong. You must be a paid subscriber to Retail Week magazine to read this article and receive complete, unrestricted access to..

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John Lewis and Waitrose continue to build sales

May 21 (Bloomberg) — The legislation passed by the Senate yesterday would reshape the U.S. financial industry and its regulators with a sweep unseen since the aftermath of the Great Depression.It would change the way banks manage their balance sheets, hedge their interest-rate bets and invest..

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Finance-Overhaul Bill Would Reshape Wall Street, Washington

May 20 (Bloomberg) — A weeklong rout in stocks deepened, with U.S. benchmark indexes losing the most in more than a year, as reports cast doubts about the strength of the economic recovery and European leaders struggled to contain the region’s debt crisis. Commodities plunged and Treasuries..

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U.S. Stocks Plunge Most in Year; Treasuries, Euro Rally

NEW YORK – Sears Holdings Corp.’s first-quarter net income fell 38 percent on thinner profit margins at its Sears chain, squeezed by heavy discounts on appliances. The discounts offset a turnaround in revenue at the retailers’ Sears and Kmart stores, breaking a long string of declines at Sears..

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Sears’ net income falls as customers take deep appliance discounts but skip other aisles

NEW YORK (MarketWatch) — Sears Holdings Corp. said Thursday that its fiscal first-quarter profit fell 38% after it increased discounts to promote appliances at its domestic namesake chain while demand for its tools and home electronics declined.Net income in the quarter ended May 1 fell to $16… MarketWatch – Banks, telecoms top Spain holdings of U.S

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Sears net falls 38%, hurt by appliance promotions

Sears Holdings’ (SHLD) reported Thursday that first-quarter net income fell 38% as thinner profit margins at its Sears chain, squeezed by discounts on appliances, offset a turnaround in revenue. Earnings per share of 14 cents matched analyst estimates, but revenue came in lower than expectations…

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Stocks in the News: Sears, Staples, Applied Material

18 May, 2010 | By George MacDonald Iceland chief executive Malcolm Walker spoken up for Baugur founder Jón Ásgeir Jóhannesson, who was forced to stand down as chair of the grocer yesterday. You must be a paid subscriber to Retail Week magazine to read this article and receive complete,..

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Iceland’s Malcolm Walker defends former Baugur boss Johannesson

20 May, 2010 | By Lisa Berwin JD Sports Fashion has bought preppy menswear brand Sonetti from the WDT stable of brands. You must be a paid subscriber to Retail Week magazine to read this article and receive complete, unrestricted access to retail-week.com Retail Week Subscribers: If you are a… Drapers – JD adds to brand stable with SC51 acquisition Drapers – JD adds to brand stable with Sonetti acquisition Retail Week – JD Sports Fashion acquires Sonneti

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JD Sports adds to brand stable with Sonetti acquisition

You are here: News / M&S Unveils Football advertising campaign featuring legends from the England 1966 winning team. M&S has unveiled its latest menswear advertising campaign featuring legends from the 1966 winning England team as well as members of the current England squad.

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M&S Unveils Football advertising campaign featuring legends from the England 1966 winning team.

Big improvements in Target’s credit card segment, along with strong consumer spending patterns, led the big-box retailer to top expectations, yet its shares weren’t able to fend off the broader market’s continued concerns about Europe’s future. Despite surprisingly strong results, shares of…

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Target Earnings Exceed Aim

CHICAGO (Reuters) – Discount retailer Target Corp (TGT.N) and warehouse club operator BJ’s Wholesale Club Inc (BJ.N) posted higher-than-expected quarterly earnings as consumers began to spend on more than just necessities. Target cited sales of more profitable items like apparel, while BJ’s saw a..

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Target, BJ’s have pickup in consumer spending

Tea Partiers want it known that they are not Republican Party lapdogs, but are they a fringe movement or a sleeping giant, awakened?  Full Article A shopper looks through produce as the first Wal Mart Supercenter to operate in the State of California opened in La Quinta, California, March 3,… Reuters – Wal-Mart Seen Increasing Grocery Promotions

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Wal-Mart to slash grocery prices

eBay’s (NASDAQ:EBAY) PayPal is an online payment processing platform that charges a small fee for facilitating a payment between two parties. We estimate that PayPal constitutes 26% of the $42 Trefis price estimate for eBay’s stock and we believe that mobile phone transactions will… Forbes – PayPal Smartphone Transactions Could Become Important To Ebay

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PayPal Smartphone Transactions: Increasingly Important for eBay

You must be a paid subscriber to Drapers magazine to read this article and receive complete, unrestricted access to drapersonline.comDrapers Subscribers: If you are a Drapers subscriber please sign in with your email address and click submit: Internet Explorer users – please use the “Sign in”… Drapers – Drapers Footwear Awards: One week left to make your entry Retail Week – Blacks rejects Sports Direct bid Retail Week – DSGi steps up roll out of 2-in-1 shops Retail Week – Strong results galvanise John Lewis and Waitrose Retail Week – DFS sale is ‘Lord Kirkham’s call’ Retail Week – SuperGroup to expand overseas via global ecommerce assault Retail Week – QD brings in SAP business system to up efficiency Retail Week – Anthropologie opens store on King’s road

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John Lewis fashion sales double

You are here: City and Corporate / Co-operative Group profits surge The Co-operative Group has announced record 2009 annual financial results, with sales up 31% and a 38% growth in new customer bank accounts. The Co-operative Group has announced record 2009 annual financial results, with sales up… Talking Retail – Record profits for The Co-op as benefits of Somerfield acquisition come into play

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Co-operative Group profits surge