All International articles – Page 212
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News
Gap to close 200 of its 900 stores worldwide by 2013
Clothing giant Gap is to close 200 of its 900 stores worldwide by 2013, and has stated that part of its difficulties are due to it not investing enough in attracting ethnic minority customers in the US. Chairman and chief executive Glenn Murphy said Gap’s market share among African-, Asian- ...
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Oxo total revenue jumps 16.3% to £3.2bn
Convenience store chain Oxxo has reported a total revenue increase of 16.3% for the 2010 financial year, up to 62.3bn pesos (£3.2bn). Sales growth was driven by the opening of 1,092 net new stores during the year and a 5.2% increase in like-for-like sales. Store traffic experienced a 3.9% increase, ...
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Mercadona gross sales up 6.3% to £341m
Grocer Mercadona has reported gross sales of E16.5bn (£14.2bn) for the 2010 fiscal year, up 6.3% from last year. Net income was E398m (£341m), a 47% increase compared with 2009. The company invested about E600m (£515m), opening a net total of 46 stores.Mercadona reduced prices by an average of 4% ...
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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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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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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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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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News
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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News
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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News
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.
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News
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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News
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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News
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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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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News
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 ...