All International articles – Page 197
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OpinionThe global shopping centre
Tuesday’s thronged opening of Westfield Stratford City showed that the right stores in the right locations will continue to seduce shoppers.
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NewsUS homewares retailer Jonathan Adler comes to UK
US homewares retailer and designer Jonathan Adler is to open its first store outside the US in London’s Sloane Avenue at the end of this month.
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NewsTopshop opens in Chicago
Fashion giant Arcadia took another step forward internationally with the opening of a flagship Topshop/Topman store on Chicago’s Michigan Avenue.
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AnalysisExiting international markets
Tesco’s retreat from Japan is further evidence of how hard it is to grow businesses in the country
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News
Auchan posts consolidated revenue increase
Auchan has posted a 5.8% increase in consolidated revenue, excluding fuel, to E21.2bn (£18.6bn) for the first half of 2011. Like-for-like sales were up 1.3%. Revenue trends varied, however, by country. In France Auchan delivered a revenue increase of 3.3%. Sales from the retailer’s other Western European markets fell 0.8%. ...
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News
Intermarché launches new marketing campaign
Independent grocery chain Intermarché has launched a marketing campaign that offers to refund the price difference on 250 brands if customers find them cheaper at rival stores. The campaign began at the end of August in time for the back-to-school and back-to-work period in France, and will run for a ...
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Analysis
Dutch convenience stores to test the German waters
Dutch retailer Ahold has announced that it is planning to expand in Germany and open its first store there in the second half of 2012.
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NewsH&M brand Monki launches in UK
H&M-owned quirky girls brand Monki launches in the UK today with a concession in department store Selfridges’ Oxford Street store.
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NewsTesco to sell Japanese stores but stand by Fresh & Easy
Philip Clarke still backing plans to turn American chain around, but Japanese business is up for sale.
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News
Woolworths predicts tough future
Woolworths has released its full-year financial results and sees tough times ahead despite gains during the year. In the year up to June 26, net sales increased 4.7% including petrol (4.1% excluding petrol) to Aus$54.14bn (£34.62bn). Net profit rose 5.1% to Aus$2.12bn (£1.36bn) up from the previous year’s Aus$2.02bn (£1.29bn).However, ...
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News
Williams-Sonoma revenue up 5.1%
Home furnishings retailer Williams-Sonoma has reported net revenues up 5.1% to $815m (£498m) for the second quarter ended July 31. Net earnings were up 4.8% to $39m (£24m). The consolidated revenues were driven by a strong comparable brand growth rate, a measure that includes both like-for-like net revenues and total ...
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News
Mercator reports first-half revenue of €1.4bn
Mercator has reported first-half revenue of €1.4bn (£1.24bn), up 6.1% year-on-year. Net profit grew by 4.9% to €18.5m (£16.3m). The company’s measures for the period included lowering the prices of more than 2,000 products, which required an investment of almost €12m (£10.6m). The sales area of the company’s operations grew ...
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News
Ahold operating income drops
Ahold saw operating income drop 4.9% to E719m (£634.5m) in the first half of 2011. Net sales reached E16.1bn (£14.2bn), up 1.7% in comparison with the same period in 2010. In the second quarter, net sales dropped 3.5% to E6.9bn (£6.1bn). Ahold’s US operations saw net sales increase by 6.5% ...
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News
Home Depot to roll out click and collect
Home Depot is to roll out its Buy Online, Pickup In-Store service across its US stores during the third quarter of 2011. The service currently runs in around 100 Home Depot stores. The move is in line with the retailers’s stated focus on “interconnected retail”, based on the view that ...
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NewsTesco to sell its Japan business
Tesco is to sell its business in Japan as it said it could not build a “sufficiently scalable” operation.
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NewsCrate & Barrel to start brand building as it prepares for first UK store opening
US furniture giant Crate & Barrel is to start brand building and will launch a UK website as it prepares to open its first store in the country.
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NewsTesco looks East for funds with 'dim sum' bond issue
Grocery giant Tesco has become the first international retailer to raise money in China with the issue of a ‘dim sum’ bond.
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NewsPrimark sees scope for 300 store openings in Europe
Value fashion giant Primark sees scope to more than double store numbers as it considers its next phase of overseas expansion.
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NewsTesco extends Irish market share lead
Irish grocery sales were flat in the 12 weeks to August 7 as shoppers kept a tight rein on spending.It was the first time in 12 months that there was no value growth in the market, Kantar Worldpanel data showed.Market leader Tesco consolidated its position, delivering sales growth of 1.7% ...