All International articles – Page 208
-
News
Bharti Walmart to open 12 new Best Price Modern Wholesale stores by March 2012
Walmart’s Indian joint venture operation Bharti Walmart is planning to open 12 new Best Price Modern Wholesale stores by March 2012, in a move away from its cautious expansion strategy.The group expects to ramp up the rate of expansion and open “more than 12” stores in 2013.Managing director and chief ...
-
News
Yamada Denki sales soar 11.5% to £12.2bn
Consumer electronics retailer Yamada Denki said sales soared 11.5% to¥1.66trn (£12.2bn) in the nine months to December 31.Operating profit increased by 77.7% to ¥97.6bn (£720m), while net profit rocketed 75.6% to ¥61.9bn (£456m).
-
News
CVS revenues up 3.1% to £9.6bn
Pharmacy retailer CVS has reported revenues in its retail drugstore segment up by 3.1% to $14.9bn (£9.6bn) in its fourth quarter to December 31, as like-for-like sales rose 1.7%.The retailer’s pharmacy benefit management arm, however, experienced a revenue decline of 9.7% due to the termination of several large client contracts.President ...
-
News
Blockbuster to add 3,000 Express DVD rental kiosks this year
Blockbuster is planning to add 3,000 Express DVD rental kiosks during 2011, despite closing stores and filing for Chapter 11 bankruptcy protection.Blockbuster Express owner NCR estimates that it will generate about $200m (£130m) in revenue in a single year from its kiosks and says it plans to reposition kiosks that ...
-
NewsJaeger to expand into Russia
Premium fashion retailer Jaeger is to enter the Russian market with two Jaeger London stores.
-
NewsJack Wills to expand further overseas
Preppy fashion retailer Jack Wills is to expand further internationally, with the US, Europe and the Far East in its sights.
-
AnalysisChinese tourists
Chinese tourist spend has soared in the past year, but what can retailers do to capitalise on this and is the UK doing all it can to welcome them?
-
News
Dixy Group revenue increases 19.4% to £1.4bn
Dixy Group posted a 19.4% increase in its 2010 revenues to RUB64.7bn (£1.4bn).Like-for-like sales grew by 2.8%, boosted by strong like-for-like growth in the Urals, which were up 5.5%.The grocer closed the year with 646 stores, including 623 Dixy supermarkets, 15 Megamart hypermarkets and eight Minimart stores, located in three ...
-
News
H&M sales up 7% to £10.5bn last year
H&M has reported sales excluding VAT were up 7% in the fiscal year ended November 30, up to SEK108.5bn (£10.5bn). Profit after financial items soared 13% to SEK25bn (£2.4bn).For 2011, H&M plans to open about 250 stores, including some in five new markets. The retailer will continue investment in ...
-
News
Impact Retail files for bankruptcy
Consumer electronics specialist Impact Retail has filed for bankruptcy. A note on its website states that an administrator will be appointed by a court, with the aim of examining possibilities for the future of the retailer.All 118 of the retailer’s stores have been “provisionally closed” while ecommerce activities have been ...
-
News
RadioShack chief executive to retire in May
The chairman and chief executive of electronics retailer RadioShack, Julian Day, will retire in May after nearly five years.He will be succeeded as chief executive by current chief financial officer Jim Gooch, who was immediately promoted to president.Day led an overhaul of RadioShack operations that helped streamline the business while ...
-
News
Cumberland Farms opens its first drive-thru store
Cumberland Farms has opened its first drive-thru store, at an existing convenience store in Kingston, Boston.The convenience store retailer said a “wide variety” of the 3,000 items sold at the store were available at the drive-thru window, including groceries and staple goods.The store has been opened on a pilot basis ...
-
News
Netflix Q4 revenue rises 34% to £386m
Netflix has reported a 52% rise in net income to $47.1m (£31m) in the fourth quarter ended December 31, with revenues rocketing 34% to $596m (£386m).During the period the company had a gain of 3 million subscribers, up to a total of 20 million end users. This represents a 63% ...
-
News
Landmark Group opens its first Spar hypermarket in northern India
Dubai-based Landmark Group has opened its first Spar hypermarket in northern India, with the inauguration of a 74,000 sq ft store in Delhi.The opening of the new store at Pacific Mall in west Delhi brings the total number of Spar hypermarkets in India to four.By the end of fiscal 2012 ...
-
News
Disney to open first store in China by mid-2012
Disney Stores is planning to open its first store in China by mid-2012.The company said its strategy would be to secure locations in upscale shopping centres and department stores, where it will open Disney Stores similar to those in Europe and North America.Disney Stores did not say how many stores ...
-
NewsH&M relaunches websites to make them easier to use
Fashion giant H&M is to relaunch its global websites in a bid to make them more consumer friendly.
-
AnalysisKorea’s Lotte is poised to be Asian powerhouse
Those with even a passing interest in the Asian grocery sector cannot have failed to notice the rise in recent years of South Korea’s Lotte Shopping.
-
NewsHarrods rolls out UnionPay to pull in Chinese shoppers
Harrods, the iconic department store, is from today accepting domestic Chinese debit and credit card UnionPay in a signal of the growing importance of Chinese shoppers’ spending power to the luxury retail sector.