All International articles – Page 227
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NewsLK Bennett to launch in the US
Women’s footwear and fashion retailer LK Bennett is to enter the US market, with plans to open up to 100 stores, it is understood.
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US Senate passes bill to regulate swipe fees
US retailers have hailed as a victory a bill passed in the Senate regulating bank fees imposed on payment card transactions.
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AnalysisThailand exit likely as Carrefour rationalises
Carrefour has spread itself too thin and now, faced with ongoing pressure from shareholders to improve profitability, is on a path to divest non-core markets.
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Family Dollar Stores Q3 income up 19%
Family Dollar Stores has reported that net income increased 19% to $104.4m (£69.3m) in the third quarter. Sales for the third quarter of fiscal 2010 were about $1.99bn (£1.32bn), an increase of 8.4%. Like-for-like sales increased 7%. The increase in like-for-like sales was a result of increased customer traffic, as ...
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Fnac in talks over Éveil & Jeux
Entertainment and electronics retailer Fnac, owned by PPR, has announced that it has entered into exclusive negotiations with ID Group for the sale of its 41-strong toy store chain Éveil & Jeux.ID Group is a specialist in the children’s market with brands such as Okaïdi, Obaïb and Jacadi and is ...
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Mercadona to invest in new supermarkets
Supermarket chain Mercadona will invest €51m (£42.8m) in the opening of between 17 and 20 new supermarkets in the Balearic Islands over the next five years, according to external relations director Juan Antonio German.Mercadona will open 10 stores in Mallorca, three in Menorca and another four in Ibiza. The company ...
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Metcash chairman to retire
Metcash has announced that chairman Carlos dos Santos will retire following the company’s AGM in September. Dos Santos said it had been a “privilege’” to be with the grocery and liquor wholesaler through its success over the past 12 years.Metcash recently acquired Pick n Pay’s chain of Franklin stores in ...
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Clive Peeters takeover officially completed
Electricals retailer Harvey Norman’s takeover of Clive Peeters was officially completed on July 8. It purchased 32 of the 38 Clive Peeters and Rick Hart stores and confirmed that staff from the New South Wales stores earmarked for closure would be interviewed for potential employment elsewhere in its network. It ...
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Fast Retailing sales up 23%
Fast Retailing, owner of Uniqlo, reported a sales rise of 23% to ¥659.1bn (£4.94bn) for the first nine months of fiscal 2009/10. The fashion retailer reported a profit rise of 35% to ¥67.2bn (£503.4m) for the period, which ended May 31. Fast Retailing is forecasting sales of ¥815bn (£6.08bn) for ...
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Apple opens Shanghai flagship
Consumer electronics giant Apple has unveiled its second flagship store in China. The store, which opened on July 10, is located near Shanghai’s famous Oriental Pearl Tower, in the city’s financial district.“We are thrilled to open the first of many new stores in China in this incredible location,” said Apple ...
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Makro plans 20 small-format stores
Cash and carry chain Makro, owned by Metro Group, plans to have 20 stores of the small-sized Makro Punct concept in the mid-term. Four stores are due to open within this year, according to Makro Poland managing director Uwe Hölzer.The stores are focused on fresh food and a higher private-label ...
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Ahold and Schwarz face Czech monopoly probe
Dutch retailer Ahold and Germany-based Schwarz Group are the subject of an investigation launched by the Czech anti-monopoly office UOHS into suspected abuse of market positions. UOHS said it was investigating whether the retailers abused their market power in the central European country, but gave no further details. Under Czech ...
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AnalysisTime for US retailers to pursue top line growth
After a year of cutting costs and lowering inventories, it’s time for retailers to think about growing the top line.
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NewsClinton Cards considers closing its Ireland stores
Clinton Cards is mulling closing its underperforming Irish stores as the greetings card retailer issued a profit warning this week.
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OpinionThe best of both worlds
We could use some of the US’s ambition, but they can keep their food, says Malcolm Walker
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LVMH to acquire 70% of Brazil’s Sack’s
France-based luxury and specialty retail group LVMH is to acquire a 70% stake in Sack’s, a leading online retailer of fragrances, cosmetics and toiletries in Brazil.The operation will form part of the group’s beauty store operation, Sephora, and the acquisition will mark Sephora’s entry into the Brazilian market.Sephora is expected ...
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Aditya Birla opens 8th Hydrabad hypermarket
Grocer Aditya Birla has opened its eighth hypermarket in Hyderabad, and taken the opportunity to reiterate its aggressive expansion and private-label strategies.Chief executive Thomas Varghese said that Aditya Birla intends to grow private-label sales to 30% across the FMCG, clothing and general merchandise categories. The group expects to be EBITDA ...
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Fast Retailing enters JV to bring Uniqlo to Malaysia
Japanese fashion retailer Fast Retailing has established a joint venture in Malaysia to develop its Uniqlo chain in the southeast Asian nation.The partnership has targeted the end of 2010 for the opening of the country’s first Uniqlo store, but this could be brought forward to as early as this autumn.“We ...