All International articles – Page 218
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News
Coles Group Q1 sales increase 4.9% to £4.5bn
Coles Group posted a rise of 4.9% in sales to Aus$7.49bn (£4.5bn) for its first quarter ended September 26. The retailer’s strong performance was attributed to lower prices and last year’s revamping of its fresh food areas. Growth rates at the chain proved to be outpacing larger rival Woolworths as ...
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News
Ikea aims to double stores in China
Ikea has said it aims to more than double the number of stores in China to 18 by 2015, from the current eight. As part of this plan, shopping centre construction company Inter IKEA Centre Group is to open its third mall in China, in Wuhan, Hubei province. IKEA China ...
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NewsRose: internet will be Marks & Spencer's international launchpad
The web will be an “advance guard” into new markets for Marks & Spencer, chairman Sir Stuart Rose told the World Retail Congress in Berlin this morning.
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NewsGeorge Davies sets January date for kidswear venture
Fashion entrepreneur George Davies has revealed further details of his forthcoming Middle East-based kidswear chain, including the name of the operation and the launch date of the first store.
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NewsStrong US trade drives Clarks’ record first half
Footwear giant Clarks has delivered a record first half under new chief executive Melissa Potter, but has struggled in the UK and remains cautious about future trading.
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AnalysisBen Gordon
Not only has the Mothercare boss given the maternity retailer a clear vision, he has turned it into an international force to be reckoned with
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AnalysisWalmart turns attention to small-format US stores
At its annual investor conference last week, Walmart announced plans to roll out 30 to 40 medium and small-sized stores in the US next year.
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NewsHolland & Barrett owner eyes £1bn sales for next five years
Holland & Barrett owner NBTY Europe is targeting £1bn of sales over the next five years following its takeover by US private equity firm Carlyle Group.
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News
Ikea to enter South Korea
Ikea Group president and chief executive Mikael Ohlsson has reiterated comments made on a recent trip to Delhi that the retailer is preparing for market entry into South Korea. He has also confirmed the retailer’s plans to enter the Croatia and Serbian markets in the next few years.
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News
Toys R Us claims it won't be opening stores in India
US-based toy retailer Toys R Us has said it won’t be opening stores in India, following reports of a link-up with Reliance Retail. The company released a statement of denial after various news sources reported a link between the two retailers.
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News
X5 Retail Group acquisition of Kopeika may not go ahead
Despite having received approval from the Russian Anti Trust Office to acquire Moscow-based retail chain Kopeika, X5 Retail Group has said that the acquisition may not go ahead. Initially Kopeika aimed to sell its stake to X5 Retail Group at the beginning of October for an estimated $1.5bn (£1bn) including ...
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News
Schlecker contracts external advisers to revitalise business
Drugstore chain Schlecker has contracted external advisers to revitalise its ailing business. According to reports, Schlecker is working on a fresh store concept and is preparing to add a stronger regional component to its product offer, while improving its price perception.
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News
Cencosud acquires Supermercados Bretas for £525.8m
Chilean retailer Cencosud has acquired Brazilian supermarket chain Supermercados Bretas for BRL1.4bn (£525.8m). The chain operates 62 supermarkets, three distribution centres and 10 service stations in central and northern Brazil.The acquisition allows Cencosud to expand its presence to the Minas Gerais and Goias states and consolidate its position as the ...
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News
Carrefour Q3 sales increase 6.7% to £22.4bn
Carrefour has announced that third-quarter sales rose 6.7% at current exchange rates to reach €25.6bn (£22.4bn). Overall like-for-likes increased by 0.1% excluding petrol. The retailer stated that growth was driven by emerging markets and that in the retailer’s difficult home market, encouraging footfall was noticed for its hypermarkets in the ...
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News
Casino Q3 sales reach £6.27bn
Casino’s consolidated net sales rose by a reported 6.5% in the third quarter of 2010 to reach €7.18bn (£6.27bn). Changes in consolidation - mainly the deconsolidation of Venezuelan operations - had a 3.3% negative impact.
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News
Casino Proximité to open 530 new stores in 2011
Casino Proximité, Casino’s convenience store division operating the Petit Casino, Spar and Vival banners has announced that it plans to open more than 530 new stores in 2011. Casino Proximité director Jean-Pierre Lanzetti stated the retailer will be recruiting for 130 Petit Casino openings and 595 franchisees.
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News
Eroski launches private label economy food range
Grocery retailer Eroski has launched a new private label economy food range called Eroski Basic. Consisting of 200 food items, this new private label is similar to Carrefour Discount and El Corte Inglés’ Aliada ranges. Eroski Basic will be sold at all its grocery fascias except the Aliprox franchised ...
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News
Rewe launches forecourt store concept for independent petrol station operator
Rewe in Austria has launched a new format forecourt store concept for independent petrol station operators called ADEG am Weg (ADEG on the way). The 700 sq ft store is located at a Pein Energy petrol station in Mureck, Styria. According to Rewe it will offer about 1,000 items at ...
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NewsMarina Gulf prepares to take UK bow
Dubai-based furniture and homewares retailer Marina Gulf is gearing up to make its UK debut as it eyes high-profile locations in London ahead of a planned opening next summer.
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AnalysisTurkish hard discounter BIM one to watch out for
This week, Turkish hard discounter BIM’s CFO Haluk Dortluoglu said he saw great potential for rolling out its no-frills concept to other markets in the region.