Argois goes shpping for a new image
Article Abstract:
Argos is a UK catalog retailer which has seen a rise in its stock price since the company was floated. Argos has issued two profit warnings in 1997 and plans to expand. Catalog sales cut costs so prices can be kept low. The company plans 40 new stores in 1997, and will expand to a total of 800 stores, including 100 stores where goods can be ordered and collected and a discount store project called First Stop. The company has a good return on capital but there are some doubts about its diversification strategy.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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Allders: sky shops sale riddle
Article Abstract:
Allders has received two offers for its duty-free arm, Allders International, a bid from Swissair for 145 million pounds sterling, and a bid from BAA for 130 million pounds. The company aims to persuade shareholders to accept the lower bid. The Swissair offer depends on approval from that company's supervisory board, which may not be forthcoming. Swissair has made previous bids for 200 million pounds, 180 million pounds and 130 million pounds, before its bid for 145 million pounds.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Duty calls for BAA
Article Abstract:
BAA plans to invest in duty-free stores, doubling the size of World Duty Free, a BAA subsidiary, by 2000. BAA failed to acquire Allders, with seven duty-fre stores in the UK, in early 1996. Swissair acquired Allders and BAA is taking over some Swissair stores at Heathrow airport. BAA plans JVs with retailers and also plans investments abroad, possibly in Australia and the Far East. Duty-free sales within Europe are scheduled to end in 1999 which will mean lost revenue for BAA.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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