Europe – Page 49
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NewsDanish accessories and jewellery brand to hit UK
Danish accessories and jewellery brand Pieces Accessories has secured its first UK standalone shop at Grand Arcade in Cambridge.
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NewsLittlewoods launches European website to tap into expat market
Shop Direct Group is gunning to grow its overseas business to 10% of its total sales after it launched its first international Littlewoods site last week.
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Carrefour reports larger than expected loss
Carrefour has reported a larger than expected €58m (£51.1m) loss in its first half, compared with a €747m (£655.7m) profit a year earlier.The grocer plans to spend as much as €600m (£528.8m) on discounts and marketing this year to improve sales in France. Revenue fell 1.6% in the first half ...
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Casino’s first-half net profits hit €231m
French grocer Casino’s first-half net profits hit €231m (£203.5m), up from €229m (£201.8m) in 2008, while operating profit fell 9.1% to €488m (£430m).The retailer now expects to have implemented a €1bn (£881.1m) asset disposal programme by the end of next year. It also plans to strengthen its appeal by developing ...
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Ikea intends to resume planning for expansion in Russia
Furniture giant Ikea has said that it intends to resume planning for expansion in Russia. The change of heart comes after the retailer won a two-year bureaucratic battle to open a mall in the southern city of Samara.Head of Ikea Russia Per Kaufmann believes that the main stumbling blocks are ...
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NewsItalian retail giant Gruppo Coin looks for UK stores
Italian retailer Gruppo Coin is seeking suitable UK locations to launch its department stores and fast-fashion chain OVS.
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AnalysisOtto spearheads the changes in home shopping
Otto may have just turned 60, but the world’s biggest home shopping group is evolving its model to stay relevant to the times. Lisa Berwin reports
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NewsLittlewoods launches in Europe
Home shopping giant Shop Direct Group today launched Littlewoodseurope.com, targeted at customers in France, Germany, Spain and Portugal.
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Pharmacy 36.6 faces bankruptcy proceedings
Pharmaceutical distributor Protek has initiated bankruptcy proceedings against Pharmacy Chain 36.6 in an attempt to recover debts owed by the retail giant.On August 4 Protek filed papers with the Arbitration Court of Nizhny Novgorod recognising the debtor TDE Pharmacy - part of the Pharmacy Chain 36.6 network - as insolvent. ...
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NewsEuropean comeback to lift Kingfisher and Kesa
France and Germany’s emergence from recession is likely to benefit Kingfisher and Kesa, which both have big operations in the countries.
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NewsWarehouse adds online features to drive web sales
Warehouse has launched delivery to eight European countries.
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NewsArgos prices 24% more expensive in Republic of Ireland
Argos has been criticised for charging its customers in the Republic of Ireland on average 24% more for its products than shoppers in the UK.
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Tengelmann to overhaul Kaiser’s Tengelmann supermarket network
Retail conglomerate Tengelmann is preparing to overhaul its German Kaiser’s Tengelmann supermarket network and is considering selling some of the stores in order to lift the network’s profitability, according to local trade press.The chain consists of about 710 stores nationwide, but the review is expected to focus on trimming its ...
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Delhaize Group posts revenue rise
Grocer Delhaize Group posted revenues of €10.2bn (£8.74bn) for the first half of the year, representing a 13.8% rise over the same period last year.With the group’s largest market being the US, sales growth was largely attributable to a strengthening of the US dollar against the euro. Nevertheless, the result ...
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Otto apologises for wrongly priced goods
Mail order and online retailer Otto has apologised to customers after more than 6,500 orders were placed for laptops at massively discounted prices, owing to a pricing error on its website.A variety of laptops, including MacBooks, worth up to e2,000 (£1,714) were advertised at between e30 and e50 (£25.60 and ...
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NewsGerman fashion house Escada to file for insolvency
German fashion house Escada has failed to get enough backing for a crucial part of its financial restructuring plans and said it will file for insolvency this week.
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Metro's EBIT plummets
Metro’s EBIT plummeted 20 per cent to €307bn (£260.99bn) in the second quarter due to costs associated with its efforts to restructure the business.Sales for the period dropped 3.8 per cent to €15.3bn (£13.1bn) because of currency fluctuations in Eastern Europe.Over the first half, group sales slid 3.2 per cent ...
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Retail sales fall in Germany
Retail sales fell 1.8 per cent month on month in June as the global crisis maintained its grip on Europe’s biggest economy.The drop followed a 1.3 per cent decline in May and contrast with economists’ expectations that the country’s sales would improve slightly or, at worst, be flat in June.On ...
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Pharmacy Chain 36.6 reports preliminary consolidated sales drop
Pharmacy Chain 36.6 reported preliminary consolidated sales dropped 13.1 per cent in the first half of the year to RUB11.63bn (£222.1m).The company’s retail sales slumped 17.4 per cent on the year to RUB8.8bn (£168m).At the end of June the company had 1,036 pharmacies in 29 Russian regions. It opened six ...
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LVMH records revenue of €7.8bn
Luxury goods retailer LVMH recorded revenue of €7.8bn (£6.7bn) in the first half, reflecting a slight increase against the same period in 2008 despite the global economic crisis and a strong comparable performance.Chairman and chief executive Bernard Arnault said: “The first-half results once again demonstrate the exceptional appeal of our ...