All International articles – Page 214
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News
Billa opens second convenience store in Innsbruck
Rewe Group’s Austrian supermarket division Billa has started rolling out its convenience store concept by opening the second Billa Box store in Innsbruck. The store covers just 540 sq ft, which compares with the 1,615 sq ft pilot store in Vienna, which was opened in November last year. Rewe plans ...
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News
Walmart set to acquire 51% of Massmart
Walmart has made a cash offer of R16.5bn (£1.48bn) to buy a controlling 51% of South Africa’s Massmart Holdings, its first foray into the growing retail market in sub-Saharan Africa. Massmart will remain listed in Johannesburg if the deal is completed, it said. “The more we learn about South Africa ...
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Alon Holdings Blue Square Q3 sales down 0.2%
Supermarket operator Alon Holdings Blue Square reported total sales down 0.2% to ILS1.92bn (£330m) in the third quarter ended September 30 as a result of a decrease in non-food revenue. This was partially offset by a 0.2% increase in like-for-like sales, compared with a 2.5% decline in the prior year ...
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Galeries Lafayette to open in China in 2013
French department store retailer Galeries Lafayette is to open its first location in China in 2013. The Beijing store will be operated as a 50:50 joint venture between Galeries Lafayette and the Hong Kong-based fashion retailer IT, which is investing HKD150m (£12m) in the project prior to its opening. According ...
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NewsJohn Lewis to open in Middle East, according to reports
John Lewis is understood to be in talks to open department stores across the Middle East, according to reports.
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NewsBlack Friday sales edge higher in US
Black Friday, the post-Thanksgiving US sales day, has seen a slight rise in sales compared to last year according to early reports.
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NewsWalmart set to acquire 51% of Massmart
US grocery giant Walmart has confirmed its intention to acquire 51% of South African general merchandise and food retailer Massmart.
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AnalysisWalmart to take on big cities with small stores
Today, Walmart’s influence across America’s heartland is unmatched, and now it is looking to prove its competitors wrong once again by reaching out to a new, unconventional consumer: the city dweller.
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NewsTesco Asia trip shows grocer is realising global rewards
Analysts believe Tesco is “beginning to enjoy the benefits of its global scale” after the grocer ran an investor trip to Asia this week.
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News
Abercrombie & Fitch to open a flagship store in Dublin city centre
Fashion retailer Abercrombie & Fitch may open a flagship store in Dublin city centre, according to Irish newspaper The Herald. The news follows the recent announcement that the retailer is planning to open a Hollister store in Dublin’s Dundrum Centre. It is understood that Abercrombie & Fitch is in advanced ...
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News
Metro profit rises 10.6% to #7bn
Grocery retailer Metro recorded a 10.6% increase in net earnings for the year ended September 25, on sales up 1.3% to CAD11.34bn (£7bn). Net earnings reached CAD392m (£241m) versus CAD354.4m (£218m) last year.During the fourth quarter earnings climbed to CAD93.4m (£57.5m) from CAD84.4m (£52m) a year ago, on sales up ...
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News
Loblaw like-for-like sales drop after acquisition
Grocer Loblaw has reported sales of CAD9.6bn (£5.9bn) in the 16 weeks ended October 9, up from CAD9.5bn (£5.95bn) in the previous year, helped by the acquisition of Asian supermarket chain T&T.Like-for-like sales declined 0.4%. Gross profit increased by CAD152m (£94m), or 7%, to CAD2.3bn (£1.4bn) in the third quarter. ...
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News
Target Q3 sales up 3% to £9.5bn
Discount superstore operator Target has reported its financial results for the third quarter ended October 30. Retail sales increased 3% to $15.2bn (£9.5bn), from $14.8bn (£9.2bn) in 2009, due to a 1.6% increase in like-for-like sales combined with the contribution from new stores. EBIT for the retail segment came in ...
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News
Sears Holdings records £136m loss
Department store retailer Sears Holdings recorded a loss of $218m (£136m) for the three months ended October 30, from $127m (£80m) during the prior-year period. Sales declined 4.9% to $9.7bn (£6bn), primarily as a result of a 4.8% decrease in domestic like-for-like sales.The retailer said that results were hurt by ...
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News
Falabella Q3 profit rockets 236.8%
Falabella has reported net profit of CLP81.9bn (£102m) for its third quarter, 236.8% above the figure for the same period last year.Revenues for the period rose by 21.6% to CLP1.08trn (£1.3bn). The company opened five supermarkets during the period, one in Chile and four in Peru. In Peru Falabella also ...
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News
Carrefour considers Dia sale
Carrefour is reportedly considering the sale of its discount business Dia. According to reports the retailer has entrusted French bank BNP Paribas with a “strategic audit” of its discount business worldwide. A member of the retailer’s executive committee was quoted as saying: “The sale of Dia had already been considered ...
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News
X5 Retail Group launches provincial format under Pyaterochka-Maxi
X5 Retail Group has launched a new small town/provincial format operating under the Pyaterochka-Maxi banner in its domestic market. The first store opened at the Avtobus shopping centre in Syzran, in the Samara region.Pyaterochka-Maxi is a superstore-sized warehouse club with a sales area of 38,000 sq ft. It offers 7,000 ...
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Woolworths profit to rise between 8% and 11% in 2011
At its AGM, Woolworths chief executive Michael Luscombe said the company had experienced an extraordinary couple of years and profit would remain on course to rise between 8% and 11% in the 2011 financial year. Luscombe spoke of how Woolworths was preparing for its entry into the home improvement business ...