All International articles – Page 204
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NewsRetailers relocate in Japan amid nuclear fallout fears
Swedish fashion retailer H&M and French luxury group PPR have temporarily relocated from their offices in Tokyo for fear of nuclear fallout.
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AnalysisHow Leahy made Tesco a global giant
With its razor-sharp focus on the customer wherever they might be, Tesco now operates in 14 countries. Tim Danaher and Jennifer Creevy trace how a UK grocer now bestrides the globe
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AnalysisWalmart sets its sights on small-format expansion
Speaking at an investor conference last week, Walmart US chief executive Bill Simon outlined plans for a much larger foray into small-format retailing than many industry observers had anticipated.
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NewsReiss to launch anniversary collection and push overseas expansion
Premium retailer Reiss is to launch a new range to mark its anniversary this year and is continuing to expand overseas.
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NewsFormer Best Buy director says don’t hold back on international expansion
Former Best Buy international director Bob Willett has encouraged retailers to keep international on their agenda.
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Big Lots net Q4 sales up 3.8% to £934m
Discount retailer Big Lots reported that net sales increased 3.8% to $1.52bn (£934m) in the fourth quarter, while net income increased to $110m (£68m) from the $105.4m (£65m) compared with the same period last year.The retailer reported strong 2010 full-year results. Net sales increased 4.8% to $4.9bn (£3bn) and net ...
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Kroger sales up 7.1% to £50.5bn
Grocer Kroger reported that sales for the full year increased 7.1% to $82.2bn (£50.5bn). Excluding fuel, total sales increased 3.4% while like-for-like sales were up 2.8%. Net income amounted to $1.12bn (£688m), compared with the $70m (£43m) reported in fiscal 2009. Operating profit totalled 2.65% of sales during the fiscal ...
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Exito launches new electricals format
Casino-owned Exito has launched a new format specialising in electronics.The banner, called Exito Tecno, opened in Bogotá and has a total sales area of 30,140 sq ft. It will offer computers, audio equipment, video games, large and small household appliances and musical instruments. Books, magazines, music and DVDs will also ...
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NewsJohn Lewis expands online with international delivery
Retailer confident it can conquer US, Europe and Australia with ‘world class’ home product offer.
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Princesse Tam Tam opens new store concept in Paris
Fast Retailing-owned lingerie chain Princesse Tam Tam has opened a new store concept in Paris. The 645 sq ft store opened in the Rive Gauche district on the Rue de Sèvres.The store is equipped with light-coloured parquet floors and simple white walls, while video screens are dotted throughout the store. ...
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Celesio underlines commitment to DocMorris store network
Pharmaceuticals distributor Celesio has underlined its commitment to developing the DocMorris store network, as well as front-end sales, in order to reduce its dependency on prescription drugs and the associated price regulations.Chief executive Fritz Oesterle said: “We target a balanced portfolio by 2015, when about half of our income will ...
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AnalysisDia expected to perform better without Carrefour
Dia, the world’s third largest discount retailer has a problem. Under Carrefour’s leadership, the chain had been underperforming for years - 2010 sales increased by a mere 1.6% (down 0.5% excluding petrol and at constant exchange rates).
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Family Dollar Stores' directors vote against sale
Family Dollar Stores has announced its board of directors has voted unanimously against a sale to the Trian Group, instead voting for the continuing implementation of the company’s strategic plan.The board felt both decisions were in the best interest of the shareholders. It also decided to adopt a shareholder rights ...
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Dairy Farm sales rocket 13.2% to £5.6bn
Dairy Farm experienced a solid 2010 fiscal year as “favourable trading conditions persisted in its Asian markets”.For the year ended December 31, 2010 total sales, including those from associates, rocketed 13.2% to $9.1bn (£5.6bn). Net profit jumped 12.9% to $411m (£253m).Dairy Farm continued to expand organically and through acquisitions in ...
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Toys R Us Q4 net income plummets more than 10%
Toys R Us has reported that, despite stronger sales, net income during the fourth quarter dropped more than 10%, which the retailer attributed to a rise in income taxes.Net sales increased 2% to $6bn (£3.7bn), helped by new store locations including Toys R Us Express stores and comparable net sales ...
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KF Gruppen sales drop 1.5% to £3.5bn
Supermarket group KF Gruppen reported consolidated net sales of SEK36.66bn (£3.5bn) for the financial year ended December 31 2010, a 1.5% decrease on fiscal 2009.Operating profit fell from SEK816m (£79m) to SEK628m (£60.8m). Net profit amounted to SEK112m (£10.8m), compared with SEK224m (£21.6m) in 2009.