Europe – Page 43
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News
Metro launches cash and carry concept in Ukraine
Metro Group has launched a new, small-sized cash and carry concept in Ukraine, called Metro Baza.The first store is located in Kremenchuk, on the rented premises of Prostor trade centre. Metro Baza has a sales area of about 21,500 sq ft and offers a narrow range of about 2,000 items. ...
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NewsTesco to open standalone F&F shop in Prague
Tesco has confirmed it will open a standalone store for its F&F clothing brand in Prague in October.
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News
Aldi Süd pulling out of Greece
German hard discount retailer Aldi Süd is pulling out of Greece, the company has confirmed.“Aldi Süd intends to discontinue its operation of 38 stores in Greece [while it is] in talks with interested parties for the acquisition and continuation of activities,” Aldi said, without providing further details.The market exit - ...
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News
Fnac in talks over Éveil & Jeux
Entertainment and electronics retailer Fnac, owned by PPR, has announced that it has entered into exclusive negotiations with ID Group for the sale of its 41-strong toy store chain Éveil & Jeux.ID Group is a specialist in the children’s market with brands such as Okaïdi, Obaïb and Jacadi and is ...
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News
Mercadona to invest in new supermarkets
Supermarket chain Mercadona will invest €51m (£42.8m) in the opening of between 17 and 20 new supermarkets in the Balearic Islands over the next five years, according to external relations director Juan Antonio German.Mercadona will open 10 stores in Mallorca, three in Menorca and another four in Ibiza. The company ...
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Makro plans 20 small-format stores
Cash and carry chain Makro, owned by Metro Group, plans to have 20 stores of the small-sized Makro Punct concept in the mid-term. Four stores are due to open within this year, according to Makro Poland managing director Uwe Hölzer.The stores are focused on fresh food and a higher private-label ...
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News
Ahold and Schwarz face Czech monopoly probe
Dutch retailer Ahold and Germany-based Schwarz Group are the subject of an investigation launched by the Czech anti-monopoly office UOHS into suspected abuse of market positions. UOHS said it was investigating whether the retailers abused their market power in the central European country, but gave no further details. Under Czech ...
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NewsClinton Cards considers closing its Ireland stores
Clinton Cards is mulling closing its underperforming Irish stores as the greetings card retailer issued a profit warning this week.
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News
Amazon launches food offer in Germany
Amazon has launched its online shop for groceries in the country, with 30,000 items, including vegetables, meat, fish and baked goods as part of the offer.The products are offered by Amazon and 60 partners with whom the retailer has teamed up. Delivery will remain the same as Amazon’s normal service ...
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News
Germany’s Woolworth emerges from insolvency
Variety store operator Woolworth has formally emerged from insolvency, following its integration into the Tengelmann group. Of the formerly about 300-strong portfolio, which was reduced to 162 under administration, about 150 have now been transferred to the new owners.The group of owners consists of Tengelmann and HH Holding, the group ...
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News
Sligro set to take over Sanders
Grocery wholesaler and retailer Sligro is about to take over regional supermarket operator Sanders. Sligro said it expects that an agreement will be reached on the acquisition of Sanvier, the operator of 22 Sanders supermarkets in the Twente region and a meat processing business. Both Sanders and Sligro are members ...
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News
Mercator drops Merkur acquisition plan
Mercator, the country’s largest food retailer, has abandoned its plans to buy local rival Merkur due to issues with Merkur’s creditors. Last month Mercator signed a letter of intent to buy Merkur’s retail network, but Merkur’s bank creditors decided against the sale of any part of the company. Merkur, which ...
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News
H&M Q2 sales rocket 24%
Clothing retailer H&M has announced its financial results for the first half ended June 22. Group net sales were up 4% to SEK51.88bn (£4.46bn), while group net profit was SEK8.95bn (£770m). Group net sales for the second quarter jumped 2% to SEK27bn (£2.32bn) and group net profit for the second ...
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News
Harvey Norman’s Irish losses mount
Blaine Callard, the chief executive of Australian electronics retailer Harvey Norman’s Irish operations, has stated that the company is “not going anywhere” and would persist despite difficult trading conditions.Callard made the comments in spite of a nine-fold increase in losses last year, up to €40m (£33m). He added that the ...
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AnalysisCan Rewe Group continue its scale of sales growth?
German-based retailer Rewe Group passed the €50bn (£41.5bn) sales threshold for the first time last year. Total sales reached €50.91bn (£45.9bn) in the 2009 financial year - 2.7% up on the previous year. The number of stores increased 5% over the same period.Rewe’s sales clearly outperformed the overall market, with ...
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AnalysisKingfisher’s French connection
Kingfisher’s French arm has been an unsung hero for the DIY giant, achieving strong results in a tough market. Nicola Harrison reports from Lyon
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News
Atlantic sales down 18.5%
Supermarket chain Atlantic posted an 18.5% sales decrease to €106m (£88m) in the first quarter of 2010, while net losses increased from €2.4m (£1.9m) to €2.9m (£2.4m) year-on-year. Revenue in its retail outlets dropped 13.5%, while revenue in Atlantic’s wholesale business decreased 25.8% year-on-year.
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News
Euroset to remodel Russian stores
Mobile telephone operator Euroset will remodel its 3,000-plus stores in Russia after having negotiated a bank loan to finance the move. Euroset plans to increase its sales per square metre through the installation of modern store equipment, which, it says, should attract more consumers.
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News
Ikea to harmonise merchandise management systems
Ikea’s global franchise manager, Inter Ikea Systems, has started a new initiative to harmonise merchandise management systems across its international franchisee network.he Swedish home improvement retail franchiser has named K3 Business Technology Group as sole provider of Ikea’s core retail system.