Europe – Page 54
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News
Casino gains call option on ING stake in Super de Boer
An agreement with ING has given grocer Casino a call option on the bank’s stake in Dutch grocer Super de Boer.
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Magnit profits double
Budget food retailer Magnit has reported that profits doubled last year.Sales at Magnit, which operates discounters and hypermarkets in the south and northeast of Russia, rocketed more than 40 per cent to $5.3bn (£3.79bn) from $3.7bn (£2.5bn). Magnit forecast that sales would increase 35 per cent this year.Chief executive Sergei ...
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NewsDSGi to sell Central European stores, reports claim
DSGi is believed to be poised to sell its Electro World stores in Central Europe to Slovakia-based consumer electronics retailer NAY.
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NewsHollister to press ahead with Continental push
Abercrombie & Fitch sister brand Hollister is to defy the economic slowdown as it forges ahead with a Continental European roll-out.
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AnalysisExpect the unexpected
The continued arrival of new stores and retail formats is proof that while the Celtic Tiger may not be as fierce as it was, it still has considerable bite in these straitened times. John Ryan reports
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AnalysisIrish charm
A friendly business culture and a free rein have made Rhys Iley’s directorship of Boots Ireland a refreshing change. He tells Charlotte Dennis-Jones what’s different on the Emerald Isle
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NewsGerman discounter merger in danger as regulator acts
The German grocery regulator could block a landmark merger that would shake up the discount grocery market in the country.
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AnalysisCentre Forward: the Irish Midlands’ economic boom
A new shopping development is set to revolutionise the retail map of the Irish Midlands – a former backwater that’s now experiencing an economic boom. David Thame reports
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News
Nike signs for Budapest
Nike has agreed a pre-let at Miller Developments and Raiffeisen Ingatalan’s Budapest Factory Outlet Center. Nike will be taking 7,530 sq ft (700 sq m) on a 10-year lease at £100,000 a year. The mall, situated west of Budapest, is on schedule for completion in October and has already secured ...
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Wal-Mart mulls Russia
Wal-Mart, the world’s biggest retailer, is understood to be assessing the potential of the Russian market. According to press reports, Wal-Mart may be ready to open a shop there as early as next year.
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Lidl opens in Slovakia
German discounter Lidl has opened its first shop in Slovakia. The store is in the Bratislava borough of Petrzalka. Lidl, which operates 5,000 stores across Europe, has not revealed how many stores it plans in the country.
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Comer takes Ardennes as it moves into outlets
Europe’s factory outlet centre sector has a new player, with ambitions to grab a major slice of the lucrative Continental market.
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Norway fights back at Lidl
Norwegian grocers are to join forces to take on German discount chain Lidl , which is due to open 65 stores in the country from this summer. They hope to lower costs and improve competitiveness with joint IT and transport venture TakeCargo.
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Budapest centre works begin
Miller Developments and local partner Raiffeisen have started work on the Budapest Factory Outlet Center, the first of its kind in the Hungarian capital.
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News
Trial at Lille Castorama sparks wider store test
French retailer Castorama will review initial findings from a new-style store in July. The DIY business, owned by Kingfisher , plans another three test stores by the end of summer, following the opening of the first in Hellemes, near Lille, in March. New signage and point-of-sale merchandising are among the ...