All International articles – Page 210
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News
Massmart H2 sales increase 13.3% to £2.5bn
Massmart - the company in which Walmart intends to take a 51% stake before the end of March this year - has announced its preliminary financial results for the six months to the end of December, 2010.Sales increased 13.3% to R27.5bn (£2.5bn). Like-for-like sales jumped 7.3%. The Mass discounters division ...
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News
Aeon to expand My Basket neighbourhood stores to 1,000 shops by 2013
Retail giant Aeon plans to expand the number of My Basket neighbourhood stores to about 1,000 shops by 2013. Most stores are expected to open in Tokyo.My Basket was launched in December 2005 and, although the average size of 1,615 sq ft is only slightly larger than typical convenience stores, ...
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News
Best Denki sales increase 0.8% to £1.9bn
Sales at consumer electronics retailer Best Denki increased 0.8% to ¥253.3bn (£1.9bn) in the nine months ended November 30, 2010.Operating profit was ¥4.8bn (£36.5m) compared with an operating loss of ¥3.8bn (£26m) in the same period the previous year. Net profit was ¥896m (£6.5m) compared with a net loss of ...
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News
Ikea profit rises 6.1% to £2.3bn
Ikea has reported that net profit for the year ended August 30, 2010 rose 6.1% to €2.69bn (£2.3bn). Sales soared 7.7% to €23.1bn (£19.3bn).Ikea said sales grew in almost all countries but highlighted China, Russia and Portugal as showing the strongest increases. Ikea group president and chief executive Mikael Ohlsson ...
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News
Gap's Athleta opens store in San Francisco
Gap’s Athleta brand, which was until now only available through Gap’s online platform, has opened its first retail location in San Francisco.The store offers Athleta’s collection of women’s active lifestyle apparel for yoga, running, swimming, the gym, hiking and skiing alongside other sportswear. Custom-made mannequins moulded from the body of ...
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News
Falabella to invest £2.3bn to open 215 new stores and 16 new shopping centres
Department store and DIY retailer Falabella is accelerating its growth plans and now aims to invest $3.51bn (£2.3bn) between 2011 and 2015 to open 215 new stores and 16 new shopping centres.The retailer, which opened 27 new stores and three new shopping centres last year, previously expected to invest $2.57bn ...
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News
Ahold to open first store in Belgium
Dutch grocery retailer Ahold is going to open its first store in Belgium in March.The store in Brasschaat, located north of Antwerp and less than 10 kilometres from the Dutch border, will be franchise-owned by Nathalie and Marco Van Ende and supplied by the existing Albert Heijn warehouse in Tilburg, ...
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News
Carrefour considers JV with Future Group in India
French retailer Carrefour may announce plans for a joint venture with Future Group in India soon, as chief executive Lars Olofsson is expected to visit India later this month or early February.The retailer is known to be in talks with India’s largest retailer Future Group, and has reportedly arrived at ...
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NewsSir Stuart Rose joins Woolworths South Africa
South African food and clothing retailer Woolworths Holdings has appointed former Marks & Spencer chairman and chief executive Sir Stuart Rose as a non-executive director.
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Opinion
NRF: Mobile's moment
If social media was the hot topic at last year’s meeting of retail minds in New York, then this year the buzz was all about mobile.
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NewsJ Crew extends deadline for possible bids
US casualwear retailer J Crew has extended the period in which it can accept rival bids for the business until February 15 as it settles a shareholder lawsuit over its proposed takeover.
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NewsMassmart shareholders approve Walmart deal
South African retailer Massmart’s shareholders have approved a $2.39bn tie-up with Walmart.
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GalleryMade in Manhattan
Over the last 12 months, Times Square in the heart of Manhattan has consolidated its position as the destination in New York for casual American fashion, but there are new stores right across the Big Apple
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NewsSir Philip Green to take Topshop to Brazil
Arcadia tycoon Sir Philip Green is to take Topshop to Brazil as part of an ambitious overseas expansion programme.
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AnalysisTax campaign backfires on Australian retailers
It’s taken a lot to push Australia’s Ashes humiliation and the floods in Queensland off the front pages Down Under. Yet Australia’s retailers have managed it, after a campaign aimed at creating a level playing field between physical and online retailers spectacularly backfired.
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GalleryAesop, Merci Paris
Sometimes it really is tempting to believe that the best visual merchandising and, perforce, the best shops, tend to be the outcome of large cheques being signed.
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News
Matahari cancels Hypermarket sale and will expand the chain
Matahari has cancelled the sale of its hypermarket business, Hypermart, and will instead retain and expand the chain.The decision follows the final recommendations of a strategic review conducted by investment bank Merrill Lynch. It was also recommended that Matahari join with a global partner to expand the hypermarket division, and ...
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News
Future Group is to increase its focus on private brands to drive sales and margins
Future Group is to increase its focus on private brands to drive sales and margins across its formats.Business head of private brands Devendra Chawla said: “We would like to focus on private brands such as Fresh & Pure, Tasty Treat and Clean Mate rather than in-store labels that can only ...