All International articles – Page 229
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AnalysisInternational expansion: A world of opportunity for retailers
As UK growth slows talk of overseas expansion is once again high on the retail agenda, but retailers need to pick their international markets with care, finds Liz Morrell
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NewsMamas & Papas enters US in Toys R Us tie-up
Nursery retailer Mamas & Papas has landed a deal with the world’s biggest toys and parenting specialist Toys R Us to launch the Mamas & Papas brand in the US through Babies R Us stores.
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AnalysisCan Rewe Group continue its scale of sales growth?
German-based retailer Rewe Group passed the €50bn (£41.5bn) sales threshold for the first time last year. Total sales reached €50.91bn (£45.9bn) in the 2009 financial year - 2.7% up on the previous year. The number of stores increased 5% over the same period.Rewe’s sales clearly outperformed the overall market, with ...
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AnalysisKingfisher’s French connection
Kingfisher’s French arm has been an unsung hero for the DIY giant, achieving strong results in a tough market. Nicola Harrison reports from Lyon
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NewsTed Baker targets China and Japan for big roll-out
Quirky fashion retailer Ted Baker is targeting China and Japan as it continues its aggressive international drive.
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News
Toys R Us Q1 net sales up 5.3%
Toys R Us posted $2.61bn (£1.77bn) net sales for the first quarter of 2010, a 5.3% increase on the previous year. Domestically like-for-like sales grew 1.9% , while international like-for-likes declined 1.4%.
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News
Dollar General sales jump 11.9%
Dollar General revealed a sales jump of 11.9% to reach $3.1bn (£2.1bn) for the first quarter of 2010. Like-for-like sales grew 6.7%, compared with 13.3% for the same period last year. Customer traffic and average transaction both contributed to the increase and the group reported that sales were strongest in ...
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News
Spinneys close to deal to open hypermarkets in Libya
United Arab Emirates-based retailer Spinneys is close to signing a deal to open two hypermarkets in Libya. Spinneys chief executive Michael Wright said: “The next market we will be entering is Libya, where we have an arrangement on the table. The first hypermarket should be open by the end of ...
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News
Atlantic sales down 18.5%
Supermarket chain Atlantic posted an 18.5% sales decrease to €106m (£88m) in the first quarter of 2010, while net losses increased from €2.4m (£1.9m) to €2.9m (£2.4m) year-on-year. Revenue in its retail outlets dropped 13.5%, while revenue in Atlantic’s wholesale business decreased 25.8% year-on-year.
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News
Euroset to remodel Russian stores
Mobile telephone operator Euroset will remodel its 3,000-plus stores in Russia after having negotiated a bank loan to finance the move. Euroset plans to increase its sales per square metre through the installation of modern store equipment, which, it says, should attract more consumers.
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News
Furshet to launch discount format
Retailer Furshet has announced it will launch a discount format Narodny (National) in reaction to the difficult economic climate in Ukraine. Narodny outlets will each comprise 43,000 sq ft to 64,000 sq ft and offer about 16,000 product lines.
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News
Samsung Tesco Homeplus in talks to take over Kim’s Club Mart
Samsung Tesco Homeplus, Tesco’s South Korean venture, is in negotiations to take over local retailer Kim’s Club Mart. It has been reported that Samsung Tesco Homeplus has agreed to buy 98% of Kim’s Club Mart for KRW300bn (£165m).
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News
Ito-Yokado plans monthly Sales
Seven & I-owned general merchandise retailer Ito-Yokado plans to conduct monthly Sales of hard-to-sell products at discount prices. The products include goods in damaged or out-of-style packaging, out-of-season items and those nearing expiry dates.
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News
Ikea to harmonise merchandise management systems
Ikea’s global franchise manager, Inter Ikea Systems, has started a new initiative to harmonise merchandise management systems across its international franchisee network.he Swedish home improvement retail franchiser has named K3 Business Technology Group as sole provider of Ikea’s core retail system.
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Opinion
Hot for hoodies?
The Middle East isn’t an obvious place to try to sell hoodies, but its move there shows Supergroup is on a roll.
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NewsJD Sports pushes overseas growth with Paris store
JD Sports Fashion is making a further international push by opening stores in Paris under its JD fascia.
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NewsSpain’s Cortefiel picks sites for first UK shops
Spanish retailer Grupo Cortefiel is to open its first UK stores by the end of the summer in Leeds, Livingston and the yet-to-open One New Change development in the Cityof London.
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NewsTesco signals global push with Philip Clarke’s promotion
The international chief’s appointment points to a step up in grocer’s global growth
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AnalysisThe Chinese market
Last week Monsoon began a big push into China, where it is understood to be aiming to open up to 1,000 stores. Why are retailers heading east?
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AnalysisWalmart’s bid for world domination
With a renewed focus on price transparency, the US retailer plans to bring its value message to other countries. Jennifer Creevy reports from Bentonville