All International articles – Page 230
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AnalysisFamilyMart pushes ahead with international growth
This year is set to be an important year for Japanese convenience store giant FamilyMart.
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News
TJ Maxx set to open first store in Puerto Rico
Developer Diversified Realty has announced the signing of a lease for the first TJ Maxx in Puerto Rico, at Plaza del Norte, a large regional shopping mall located at Hatillo in the northwest of the country. The store is expected to open in spring 2011.“We are very pleased that TJ ...
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News
Dick's to open 50 stores in 2 years
Dick’s Sporting Goods plans to open about 25 stores this year and the same number next year. But the retailer could increase the number of openings if developers start building shopping centres again, chief executive Ed Stack said.Speaking after Dick’s Sporting Goods annual shareholders meeting, Stack said he was comfortable ...
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First overseas Bloomingdale’s set for Dubai
Macy’s chairman, president and chief executive officer Terry J Lundgren has revealed the first Bloomingdale’s store overseas - a 200,000 sq ft unit opened in February in Dubai and licensed to Al Tayer Insignia - is already contributing to corporate earnings. He also disclosed at the company’s AGM that the ...
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New Reliance team charged with doubling business in 5 years
Reliance Retail has hired an expert retail management team from Thailand and Europe to spearhead its retail business.“The company has hired a team of 35 senior executives from various retail giants like Tesco Lotus of Thailand, European retail giant Morrisons and the US retailer Walmart. It will work under Gwyn ...
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News
Gome to invest in ecommerce
Chen Xiao, president of electrical appliances retailer Gome, has revealed plans to invest in ecommerce to grow sales. Online sales were just Yn400m (£40.4m) in 2009, accounting for less than 1% of total retail sales.About 40% of its products are now available for sale online and the service is only ...
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News
Lianhua to open 500 stores this year
Supermarket operator Lianhua plans to spend Yn600m (£60.66m) on opening 500 stores this year. They will include 15 shopping centres, 200 convenience stores and 285 supermarkets, mainly in the Yangtze River delta region. The retailer is looking to compete with the aggressive expansion of foreign players like Walmart and Carrefour.After ...
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Kopeika plans IPO
Grocery chain Kopeika plans an IPO this autumn. It is thought the Moscow-based retailer will offer about 30% of its shares. Possible buyers include X5 Retail Group or Walmart.An acquisition of a minority stake in Kopeika would be a good move for X5, as Kopeika competes with X5’s Pyaterochka stores ...
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Pottery Barn to open in Kuwait
Home furnishings retailer Williams-Sonoma will open its first Pottery Barn and Pottery Barn Kids stores in Kuwait on June 16 as part of a multi-year deal with MH Alshaya Company. The 17,220 sq ft Pottery Barn and 8,070 sq ft Pottery Barn Kids stores will be located at The Avenues ...
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Ahold Q1 profits up 45.7%
Dutch retailer Ahold posted a 45.7% rise in first-quarter net profit to reach €274m (£226.6m), mainly due to changes in its estimates for provisions for its former subsidiaries.It posted a 1% sales increase in its first quarter to reach E8.7bn (£7.2bn), a 3.4% increase at constant exchange rates. Operating income ...
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NewsLululemon hunts UK site
Canadian yoga-inspired sportswear retailer Lululemon is searching for its first European store in the UK.
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AnalysisTengelmann loses its appetite for food retail
The extraordinary transformation of the Tengelmann Group has taken another leap, with the sale of its 300-outlet Austrian discount division Zielpunkt to Luxembourg-based investment and restructuring fund BluO.
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NewsAll Saints smashes sales targets after low-key New York launch
All Saints has put British fashion firmly on the global map after it racked up sales of nearly $1m (£680,000) in its first week of trading on New York’s Broadway.
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NewsMonsoon guns for 1,000 stores in China push
Womenswear retailer Monsoon is understood to be plotting a roll-out of as many as 1,000 stores in China within the next five years.
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US Borders narrows loses
Borders has reported a reduced loss in its first quarter, but sales at the bookseller continue to decline as consumers shifted to digital media offered by rivals.The net loss narrowed to $64.1m (£44.3m) in the three months to May 1, from $86m (£59.5m) a year earlier. Revenue dropped to $547.2m ...
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Costco Q3 sales up 12%
Costco has reported $17.4bn (£11.93bn) net sales for the third quarter, a 12% year-on-year increase.The results were driven by increased sales of fresh foods, clothing and homewares. Comparable sales for the quarter grew 10%, with a 6% rise at US stores and a 26% rise overseas. In constant currency terms ...
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News
Hornback full-year sales rise 3.7%
DIY retailer Hornbach has released its financial results for the year ended February 28, when sales rose 3.7% to €2.85bn (£2.42bn). EBIT fell 15.4% to €151.5m (£128.5m).In Germany, store sales increased 2.8%, and 1.8% on a like-for-like basis. Meanwhile, Hornbach’s international division grew 4.2%, although like-for-like sales contracted by 0.9%. ...
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Spar posts 5.5% global sales increase
Spar International posted a 5.5% global sales increase for 2009 to reach €28.5bn (£24.18bn).Spar Austria Group achieved sales up 3.2% to €11.3bn (£9.59bn), including shopping centres, while the UK notched up €3bn (£2.55bn), up 2% on 2008. Its South African operations posted strong year-on-year growth, with retail sales increasing 14% ...
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News
Gap to enter India
Gap has revived plans to enter the Indian market, according to the local press.Ron Young, senior vice-president of Gap International Strategic Alliances, was recently in the country, suggesting that the company is making preliminary moves to set up shop in India.Gap’s team has sounded out prominent Indian apparel makers including ...
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7-Eleven Australia to acquire Exxon Mobil petrol stations
7-Eleven Australia has confirmed it is to acquire all 295 petrol stations belonging to Exxon Mobil in the country.The deal comes after Exxon Mobil’s agreement to sell the petrol stations to Caltex Australia was blocked by antitrust regulators on competition grounds. The deal will see the number of 7-Eleven stores ...