Europe – Page 41
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News
dm-drogerie markt tops £3.5bn in sales
Drugstore retailer dm-drogerie markt topped the €4bn (£3.5bn) sales mark in Germany in the financial year ended September 30, a sales increase of at least 7% on 2008/09. Although a reduction compared with the double-digit growth rate it achieved over the past couple of years, the company said the sales ...
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News
Pandora raises £1.3bn through IPO
Jewellery manufacturer and retailer Pandora had a successful IPO raising $2.1bn (£1.3bn). Demand was high as the company continues to grow sales in Europe and the US, where its charm bracelets are becoming increasingly popular.
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News
Saturn opens its first store in Russia
Metro Group-owned consumer electronics retailer Saturn has opened its first store in the country. The 5,060 sq ft store is located in Moscow’s Vegas Mall, the country’s largest shopping centre. A second Saturn store is scheduled for Voronezh in late 2010 and several other stores are being planned. Metro Group’s ...
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NewsAsos launches US site as overseas drive accelerates
Fashion etailer Asos has launched a dedicated US website as it hopes to tap into what it sees as the “enormous” potential of overseas sales.
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News
H&M Q3 sales rise 20%
H&M reported a 20% rise in third-quarter profit with strong August sales offset by rising costs that ate into gross margins. In the quarter ended August 31, profit after tax was Skr4.24bn (£367m),a jump of 23%. Sales including VAT for the quarter were Skr31.47bn (£2.7bn), an increase of 14%. Group ...
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News
Ahold appoints Europe COO Dick Boer as CEO
Ahold has appointed Dick Boer as chief executive of the company, with effect from March 2011. He will succeed John Rishton, who is leaving to become chief executive of Rolls-Royce.Boer, who has been with the company since 1998, is chief operating officer of Ahold’s European division and member of the ...
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News
Eroski posts decrease in turnover to £3.1bn
Eroski has posted a 1.05% decrease in turnover to €3.7bn (£3.1bn) for the first half ended July 31. Pre-tax loss for the period decreased 50% to €34m (£28m).The supermarket chain managed to cut its debts to €265m (£220m) and to keep its competitive position in the market via a reduction ...
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News
Lidl to acquire competitor Tengelmann's Plus discount stores in Bulgaria
Lidl has been given the regulatory go-ahead to acquire competitor Tengelmann’s Plus discount stores in Bulgaria.Following an investigation by the country’s competition commission, the authority concluded that the deal would not hinder competition in the retail market. Plus Bulgaria has been running 23 stores since October 2009, with a staff ...
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News
Hornbach records rise of 3.6% in sales for H1
Home improvement group Hornbach has reported a rise of 3.6% in sales to e1.66bn (£1.4bn) for the first half ended on August 31. Sales for the second quarter were up 6.5%.On a like-for-like basis, sales rose 0.8% in the first half and were up 3.7% in the second quarter. EBIT ...
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News
Carrefour to refurbish Italian and Spanish hypermarkets to Carrefour Planet next year
Carrefour will begin refurbishing its Italian and Spanish hypermarkets to its new Carrefour Planet concept during 2011. In Spain, 75 of its 164 hypermarkets will be converted. The remaining 89 stores will receive a lower specification upgrade. In Italy, 23 of Carrefour’s 53 hypermarkets will be converted to Carrefour Planet ...
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OpinionBrazil finally comes of age
The Goldman Sachs Conference in New York last week assembled a powerful line-up of more than 50 leading retailers.
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AnalysisInternational grocers are catching on to app fever
After successful launches by the UK’s Ocado and Tesco, international grocers from Germany to Australia are now looking to capitalise on the trend towards mobile shopping.
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News
Makro Cash & Carry appoints Antoine Peleyras as CEO
Metro Group-owned Makro Cash & Carry has appointed Antoine Peleyras as its new chief executive officer.Until 2005 he held the position of supply chain and merchandise director at Carrefour Marinopoulos in Greece and then the position of merchandise director in the Carrefour hypermarket division in France.More recently, he was managing ...
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GalleryCopenhagen stores: Retail’s Great Danes
There’s a lot more to the retail panorama in the Danish capital than stripped pine and bright colours. John Ryan reports on Copenhagen’s retail scene