Europe – Page 45
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C&A turnover flat at £5.56bn
Fashion retailer C&A generated turnover of e6.3bn (£5.5bn) in the year ended February 2010, up by just 0.03% on the previous year.Sales growth was seen in Belgium and Luxembourg (3.2%), in Austria (1.1%), in Germany (0.2%) and in its online business. But turnover dropped in Spain and Portugal (-2.6%), Eastern ...
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Abercrombie & Fitch set to open Barcelona Hollister
US clothing retailer Abercrombie & Fitch is to launch its first store in Spain under the Hollister banner in Barcelona in July.The store will cover 5,380 sq ft and will be located in the La Maquinista shopping centre. Abercrombie & Fitch is expected to open four Hollister stores in the ...
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Casino Q1 sales up
Casino has posted a 5.6% first-quarter sales increase, including calendar effects and higher petrol price, to reach €6.61bn (£5.8bn), with a 16.4% jump in international markets and a 0.4% gain in the struggling French market.International operations, which accounted for 36% of sales, showed a sharp acceleration in organic growth during ...
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X5 could purchase A5 pharmacies
X5 Retail Group could purchase the A5 Pharmacy Chain in 2011 as part of a recent agreement, chief executive Lev Khasis has said. The price of the deal will depend on the chain’s results in 2010.X5 Retail Group said in May 2009 that it planned to open A5 Pharmacy Chain ...
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Auchan revenue up 0.5% in 2009
Hypermarket operator Auchan revealed that consolidated group revenue excluding taxes grew 0.5% to €39.7bn (£35.4bn) in 2009.Group revenue decreased 2.8% in Western Europe due to the economic slowdown. This zone continues to account for more than 76% of the group’s revenue.Revenue grew 12.9% in Central and Eastern Europe and Asia, ...
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Technosila could fall to bank control
Electronics retailer Technosila could end up in the hands of MDM Bank as the retailer is not able to pay off its debts.The bank is also expected to receive controlling stakes in Business PRO, Technosila’s main wholesaler, and Multibank, which provided express loans in Technosila stores. MDM Bank has been ...
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H&M sales jump 7%
Clothing retailer H&M has reported results for the first quarter to February 28, with sales jumping 7% to Skr24.85bn (£2.1 bn), compared with the same period last year. In local currencies, the increase was 13%.H&M had 1,992 stores at the end of February, up from 1,748 a year ago. ...
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Komplett sells Dutch, Belgian and Irish operations
Norway’s online and mail order electronics retailer Komplett has completed the sale of its operations in the Netherlands, Belgium and Ireland to Dutch sector player ParaDigit Holding BV.The takeover also includes a licence agreement that allows ParaDigit to use the Komplett name for its online operations. The Norwegian retailer has ...
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Tesco opens first Extra store outside Britain
Tesco has launched its first Tesco Extra store outside Britain in Central Europe, in Bratislava, Slovakia.It has revamped the hypermarket in the capital’s Petržalka suburb to introduce the format, which offers services and boasts self-checkouts.Tesco’s Petržalka store director said: “It is the first Tesco Extra outside Britain. Operating directors from ...
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Magnit profits up 46%
Net profits at local grocery chain Magnit jumped 46% in 2009 to $275.2m (£176m).Preliminary net retail revenue rose 28% to RUB169.6bn (£3.79bn). Like-for-likes climbed 4%, helped by a 6% rise in average basket value. The retailer added 646 stores in the year. Magnit said it will continue to cut prices ...
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Rewe plans £360m investment in Austria
Rewe Group’s international arm plans to invest €400m (£360m) this year in Austria, where the division is based, and abroad.The figure is 20% less than last year, when Rewe International invested €500m (£446m), out of which €200m (£178m) was ploughed into Austria.Frank Hensel, the international arm’s chief executive, told financial ...
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Migros net sales down 3%
Swiss market leader Migros reported group net sales declined 3% to CHF24.95bn (£14.7bn) for 2009.The group blamed lower prices of Migros’ products, a dramatic drop in crude oil prices and a decline in business travel for the drop. However, net profit soared 20.8% to CHF846m (£500m). And the group’s other ...
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Otto sales up 1.5%
Retail and services company Otto Group posted sales up 1.5% to €10.14bn (£9.3bn) on a comparable basis in the year to February 28, 2010.The German group’s operating profit is expected to be “well above the previous year”, the group said. A key growth driver was its ecommerce business, which ...
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Trius appointed Carrefour Europe executive director
Vicente Trius has been appointed Carrefour executive director for Europe.Taking responsibility for Belgium, Spain, Italy, Poland, Greece, Cyprus and Romania, the 52-year-old Spaniard will start work on May 3.Trius has previously spent 15 years working at Walmart, where he was vice-president of international operations for Latin America.James McCann, the former ...
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Praktiker reviewing store network
DIY retailer Praktiker is reviewing its store network, retail trade magazine Lebensmittel Zeitung reported.The aim of the review, part of the Praktiker 2013 project, is to optimise the profitability of the network, after sales and earnings have repeatedly fallen below expectations in recent years. The focus seems to be mainly ...
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Metro Group sales down 3.6%
Metro Group has reported a 3.6% sales decrease to €65.5bn (£59bn) in 2009.EBIT before special items declined 8.9% to €2.02bn (£1.82bn). In Germany, group sales declined 0.6%, while overseas sales declined 5.5%adjusted for negative currency effects, international sales increased 0.7%. In Asia and Africa, sales increased 4.8%. The group has ...
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Rewe Group sales up 2.7%
Germany’s second-largest grocer Rewe Group generated group sales of €50.9bn (£45.4bn) in 2009, up 2.7% on the previous year.The growth was mainly achieved through acquisitions and expansion, as store numbers climbed 5% to 15,453 outlets. In Germany, sales grew 2.6%, while overseas operations grew 2.9%.The Penny discount division, present in ...
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Mercadona sales up to £13.8bn
Mercadona has reported gross sales of €15.5bn (£13.8bn) for its 2009 financial year - up 0.8% on the year before.Net income declined 16% to €270m (£240.7m).The grocery retailer invested about €600m (£534.9m) in the business over the year, opening a further 74 stores to take its total to 1,264 supermarkets ...
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Mercadona to test Wincor Nixdorf automated checkout
Mercadona will be the first retailer to test Wincor Nixdorf’s new prototype of a fully automated checkout in the retailer’s laboratory later this month.According to Wincor Nixdorf, the new prototype for an automated checkout will for the first time make it possible to accurately read more than 95% of the ...
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Mobile phone retailer Svyaznoy to offer financial services
Local mobile phone retailer Svyaznoy is to offer financial services in its stores following the chain’s merger with Russian bank Promtorgbank. 100% of Svyaznoy securities and an 87% stake in Promtorgbank will be assigned to a new company. Svyaznoy owner and founder Maksim Nogotkov will retain a controlling stake in ...