All Retail Week articles in July 29 2011
Browse all news stories and articles from this date or time period.
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NewsCarphone on track despite sales fall
Carphone Warehouse has reported a “very satisfactory start to the year” despite a like-for-like sales fall at the eponymous division.
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NewsAmazon sales surge but profits dip following investment
Online giant Amazon said second quarter group sales surged 51% to $9.91bn but net income fell in the period.
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NewsMusgrave sets up €10m fund for Superquinn suppliers
Musgrave Group has set up a €10m fund to help suppliers who have experienced losses not covered by credit insurance as a result of the receivership of Superquinn.
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News
Shoppers Drug Mart announces increase in sales
Shoppers Drug Mart announced a 1.4% increase in sales to CAD2.39bn (£1.55bn) for its second quarter ended June 18.Growth was driven by increases in non-pharmacy sales in all regions of Canada. On a like-for-like basis, total sales increased 0.8%.Prescription sales decreased 1% to CAD$1.15bn (£746m) during the quarter, as growth ...
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News
DocMorris Apotek records a loss
DocMorris Apotek has recorded turnover of SEK205.4m (£19.9m) and a loss of SEK121.5m (£11.7m) during its first 10 months of trading to end of December 2010.The company said that its strategy was to invest only in new locations and to establish a brand, which meant that there would be no ...
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News
Indian government panel recommends easing restrictions
An Indian government panel is said to have recommended easing restrictions on Foreign Direct Investment in Indian retail, which could allow international companies to own as much as 51% of multichannel retailers if they invest a minimum of $100m (£61.3m). This would allow retailers such as Walmart and Carrefour access ...
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News
Tata Group proposes to open Massimo Dutti stores in India
Tata Group’s retail arm Trent has entered into an initial agreement with Spanish retailer Inditex to open Massimo Dutti stores in India.The proposed joint venture will be 51% owned by Inditex’s Zara Holding, while the rest will be owned by Trent. Trent and Inditex have a similar joint venture to ...
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News
Grocery chain Woolworths posts sales increase
Grocery chain Woolworths posted a 4.7% increase in net sales to AUD54.1bn (£36bn) for its financial year ended June 26.Excluding fuel, sales rose 4.1%.Food and alcohol sales increased 4.6% to AUD36.18bn (£24bn) or by 3% on a like-for-like basis.The company said that its price knockdown campaign contributed to this growth.In ...
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Rossmann experiences sales rise
AS Watson-owned Rossmann experienced a sales rise of 4.2% in 2010 to CZK2.3bn (£77.9m), according to documents filed at the Register of Companies.The company edged into the black with a net profit of CZK22.7m (£820,000), up from just CZK1.16m (£41,000) in 2009.The company attributed the rise mainly to a change ...
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News
Rewe Group in negotiations with Conad
German grocer Rewe Group is negotiating with Conad about the disposal of large parts of its loss-making Billa supermarket and superstore division in Italy.Besides Conad, Rewe Group’s partner in the Coopernic buying alliance Coop Italia is also reported to be interested in the 190-store network.Billa in Italy recorded a sales ...
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Fnac outlines new strategy for growth
PPR-owned book and music retailer Fnac has outlined a new strategy for growth, encompassing store openings, an overhaul of its product offer and a redesign of its ecommerce site.By 2015 the company expects to open 80 new stores in France, including 50 in a smaller format. It will reorganise stores ...
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News
Walmart de Mexico reports net profit decrease
Walmart de Mexico has reported net profit of MXN4.5bn (£232m) for its second quarter, down 3.4% on the previous year.Net sales increased 9.1% to MXN87.9bn (£4.53bn). EBITDA for the quarter amounted to MXN7.7bn (£397m).Executive president and chief executive of Walmart de Mexico Scot Rank said the quarter was characterised by ...
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News
Carrefour Italy inaugurates first Carrefour Planet hypermarket
Carrefour in Italy has inaugurated its first Carrefour Planet hypermarket at Paderno Dugnano in Milan.The store covers an area of almost 140,000 sq ft and uses the concept already developed in France, Spain and Belgium.Together with lower prices, the new store features specialist offers organised by sector, and services including ...
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AnalysisWalmart joins US grocers opening in ‘food deserts’
Walmart, Supervalu and Walgreens joined First Lady Michelle Obama to announce plans for the opening of hundreds of stores in neglected areas of the US known as ‘food deserts’.
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GalleryIn pictures: Forever 21 Oxford Street flagship opens
US fast fashion chain Forever 21 has opened its doors on Oxford Street.
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NewsWithdrawal of court action clears way for Musgrave's Superquinn deal
The door has been opened for Irish retailer Musgrave to go ahead with its acquisition of bust counterpart Superquinn after court action was abandoned.
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NewsRetail employment falls as non-food stores cut staff
Retail employment fell 0.4% in the second quarter of this year, equivalent to 3,100 fewer full-time jobs.
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NewsFund offering £250m to help retailers gets Green’s support
Sir Philip Green has lent his backing to a new fund that has at least £250m to invest in taking minority stakes in retail businesses.
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NewsMoonpig set for extra categories and European launch after sale
Moonpig is to expand into new categories and launch into continental Europe, after being sold on Monday for £120m to digital photo provider Photobox.
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NewsHobbyCraft aims new line at value shoppers
Arts and crafts retailer HobbyCraft is to launch an own-brand value range next year as it continues its attempt to appeal to the increasingly value-conscious consumer.