All International articles – Page 217
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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.
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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.
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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.
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NewsSelfridges Group finalises de Bijenkorf deal
Selfridges Group, the group which owns iconic department store chain Selfridges, Irish department store Brown Thomas and Canadian department store business Holt Renfrew, has completed its acquisition of Dutch luxury department store chain de Bijenkorf.
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NewsMarks & Spencer to open Champs-Elysees store this summer
Marks & Spencer is to open a store in Paris on the Champs-Elysees as early as this summer, it is understood.
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AnalysisOnline streaming
With Amazon taking control of Lovefilm and Netflix flying high across the pond, all the signs suggest online streaming is set to become the norm
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NewsDune creates IT platform to back expansion plans
Dune aims to have 250 overseas stores within the next three to four years, up from the 150 shops it had previously planned. 50 will be wholly owned stores and the other 200 will be franchises.
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GallerySportScheck, Berlin: A store of two halves
Otto-owned retailer SportScheck’s new Berlin store successfully combines technology with tradition. John Ryan pays a visit
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News
Ahold net sales up 4.4% to £25.2bn
During 2010, retail group Ahold’s consolidated net sales reached €29.5bn (£25.2bn), up 4.4% after adjustments or 5.7% on a non-adjusted basis. During the fourth quarter, consolidated net sales, which do not include the joint ventures ICA Group in Scandinavia and JMR, were €6.9bn (£5.9bn). This is an increase of 5.5% ...
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AnalysisWalmart pledges healthier food with no added extras
Walmart is to embark upon a five-year plan to make its food offering healthier.
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News
Delhaize Group revenue increases 4.6% to £17.7bn
Delhaize Group has reported revenues of E20.8bn (£17.7bn) for 2010. This represents an increase of 1% at identical exchange rates or 4.6% at actual exchange rates, due to the strengthening of the US dollar by 5.2% against the euro compared with 2009. Organic revenue growth was 0.9%.Delhaize Group added 68 ...
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News
Blockbuster gets deadline extension for bankruptcy reorganisation plan
Blockbuster has received an additional three weeks from its lenders to file a bankruptcy reorganisation plan. The company received an extension to February 4 from January 14 to file a plan, a regulatory filing shows. It is common for debtors to seek such extensions and US bankruptcy courts routinely grant ...
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News
Jerónimo Martins to open neigbourhood store chain
Portuguese retailer Jerónimo Martins is planning to open a new chain of small franchised neigbourhood stores over the coming months. The retailer will open two wholly owned stores under the new banner and will then work towards its expansion under a franchising scheme. The new business model will be developed ...
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Migros records £16.35bn in net sales
Supermarket chain Migros has reported preliminary group net sales of CHF25.03bn (£16.35bn) for 2010, representing a slight increase of 0.3% compared with 2009.Lower prices of Migros’ products, alongside a currency-related decline in sales in the travel business, affected Migros Group’s sales during the year. The retail segment of the group ...
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News
Toom Baumarkt and Hellweg Profi-Baumärkte to establish new buying group
Rewe Group’s DIY arm Toom Baumarkt and DIY retailer Hellweg Profi-Baumärkte have established a new buying group, subject to the approval of the Federal Cartel Authority. It is called DIY Union and will have a sales volume of about E3bn (£2.6bn) at its disposal.
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News
Woolworths sales increase 9.8%
Food and clothing retailer Woolworths has announced that preliminary group sales increased 9.8% year on year for the 26 weeks to December 26.This compares with sector growth of 5.9% during the same period. Clothing sales grew by 11.5%, 2.3 percentage points higher than the average in comparable stores (9.2%).The retailer ...
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AnalysisTarget finds perfect stores for Canadian expansion
US retailer Target has announced its entry into Canada after acquiring leasehold interests in up to 220 Zellers sites from the Hudson’s Bay Company.