Europe – Page 33
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News
Jerónimo Martins reports preliminary sales growth
Jerónimo Martins has reported preliminary sales growth of 11.5% to E10.9bn (£9.06bn) for the full year to December 31, 2012.Like-for-like sales increased ahead of the market, despite a difficult year in Portugal and a slowdown in the Polish economy.In Poland, Jerónimo Martins-owned Biedronka posted sales growth of 18% in local ...
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News
Carrefour to relaunch Carrefour Baby range
French retailer Carrefour is to relaunch its Carrefour Baby private-label range in Spain.At present the retailer offers 37 SKUs in baby food and 21 infant hygiene items. The initiative is likely to be a reaction to Spanish supermarket operator Mercadona, which has recorded strong growth in the category.
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Redcats begins sale negotiations for children and family division
Luxury retailer PPR’s Redcats division is thought to have begun exclusive negotiations with investment fund Alpha about the sale of its children and family division, which includes the Vertbaudet and Cyrillus brands.The division was put up for sale in October. In 2011, Vertbaudet generated sales of E252m (£204.9m), while Cyrillus ...
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Monoprix to open 50 stores in France
Casino’s Monoprix banner is to open 50 stores in France by the end of this year. Monoprix will ultimately operate a network of 523 stores.The fascia will also be fully integrated into Casino following its acquisition of former partner Galeries Lafayette’s stake in the joint venture for E1.18bn (£959.4m) last ...
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Jumbo Supermarkten posts sales increase
Dutch grocery retailer Jumbo Supermarkten posted sales of E6.96bn (£5.66bn) for financial 2012. Turnover at Jumbo stores rose 31.7% to E3.23bn (£2.62bn.The rapid increase was mainly generated by its acquisition of competitor C1000, which raised the store count of its Jumbo-bannered shops from 263 to 309.Like-for-like sales growth was 2.7%. ...
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Edeka to sell minority stake in Netto
Co-operative grocer Edeka is selling its 25% minority stake in discounter Netto in Germany to majority holder Dansk Supermarked, effective as of December 31.Edeka chief executive Markus Mosa said: “We are realigning our strategic focus on independent retailing and on companies in which we can hold operational responsibility.”
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German retailer Schwarz Group outlines plans for Bulgaria
German retailer Schwarz Group has outlined plans for Bulgaria. The hypermarket and superstore business plans to open just two to three new locations in calendar 2013, in addition to the imminent launch of a store in Sandanski, near the Greek and Macedonian borders.Schwarz Group operates 63 Lidl discount stores and ...
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AnalysisInternational analysis: Jerónimo Martins to invest in Polish market
Portuguese-based retailer Jerónimo Martins is to invest €2.5bn (£2.03bn) over the next three years, with 70% directed into Polish discount chain Biedronka.
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AnalysisInternational analysis: Auchan agrees Real deal for central Europe growth
Last week, Metro Group revealed it had sold its Real hypermarket business in Poland, Romania, Russia and Ukraine – including real estate assets – to French grocer Auchan for e1.1bn (£893.4m).
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AnalysisInternational analysis: Fnac tie-up with iTunes would be sign of the times
French entertainment retailer Fnac is to stop offering MP3 music downloads through its Fnac.com website and will instead sell via Apple’s iTunes platform, it has been reported.
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AnalysisAnalysis: International markets
Despite global economic problems, there are still opportunities for retailers to expand internationally. Rebecca Thomson reports on three markets that look likely to bear fruit.
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AnalysisInternational analysis: Small stores and digital key to Carrefour’s future
Last week, the world’s second largest retailer, Carrefour, posted its third-quarter results.
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News
Ikea Italy sales fall 2.6%
Sales at Ikea Italy fell 2.6% to e1.6m (£1.3m) in the year ended August 30, the retailer’s first ever year-on-year decline since entering Italy in 1989.Ikea has 20 stores and more than 46 million visitors annually. It plans to invest e400m (£322m) over the next three years in new openings ...
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News
Carrefour Romania rents stores from Aliment Murfatlar
Carrefour has rented six stores from local retailer Aliment Murfatlar, newspaper Piatahas reported.The stores in the city of Constanta will be rebranded as Carrefour Market. The deal will establish Carrefour’s supermarket presence in the city, where its competitor Delhaize Group operates five Mega Image stores.
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News
Louis Delhaize acquires stake in France-based Monnier Frères
Grocery retailer Louis Delhaize has acquired a majority stake in France-based Monnier Frères, an online women’s luxury accessories shop, food magazine Linéaires has reported.Louis Delhaize paid e3.5m (£2.8m) for the stake and is to invest another e3.5m in developing the business internationally, especially in the US and Asia. At present ...
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News
Belgian retailers accused of price fixing
Seven leading Belgian retailers and 11 suppliers of household goods and health and beauty products are suspected of having fixed prices for years, according to Belgian competition authority, Conseil de la Concurrence.According to several local media reports, Carrefour, Colruyt and Delhaize Group are among the retailers under investigation, while Beiersdorf’s ...
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News
PPR to sell Fnac book and electronics chain
Luxury group PPR plans to sell its Fnac book and electronics chain as well as La Redoute, according to the Journal du Dimanche.The retailer is forging ahead with plans to divest both retail divisions in order to focus on its core luxury goods business.
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News
Carrefour developing a ‘Courses Éco’ corner
Carrefour is developing a ‘Courses Éco’ corner dedicated to its entry price products in a handful of Paris and northern France stores.The initiative echoes Auchan’s own discount zone, with 400 SKUs across food, household and health and beauty. The assortment also includes around 20 products in bulk, alongside a broad ...
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GalleryStore of the week: K-Town, Cologne
How do you take a 19,000 sq ft space with a 10 ft high ceiling in a German department store and make something of it?
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OpinionComment: Choosing the right market for cross-border trade
The world is flattening and borders are blurring, opening up a wealth of new opportunity for UK retailers.