All International articles – Page 230
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AnalysisTesco’s Far Eastern promise
Combining its global scale with local knowledge is key to Tesco’s growth in Asia, incoming chief executive Phil Clarke tells Jennifer Creevy
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NewsIncoming Tesco chief executive Philip Clarke vows China will be profitable in his tenure
Tesco international boss Philip Clarke has vowed that its operation in China will be profitable in his tenure as chief executive as he outlines the “terrific” growth prospects in Asia.
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AnalysisBidding for Carrefour’s Far East assets gets under way
Carrefour collected first round bids last week for its assets in Singapore, Thailand and Malaysia. Tesco is viewed as a leading contender.
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News
Lidl offers TV travel deals
Schwarz Group’s discount grocer Lidl is offering its holiday travel deals through a specialist TV channel.Lidl in Germany has teamed up with travel shopping TV Sonnenklar.tv to promote its monthly holiday trip special offers on air. The 30-minute programme is broadcast daily at 4pm.According to reports Lidl is advertising its ...
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News
Dollar General Q2 sales up 10.8%
Fixed-price retailer Dollar General has reported a sales increase of 10.8% to $3.21bn (£2.07bn), for the second quarter ending July 30.Like-for-likes increased 5.1%, with customer traffic and average transaction amounts contributing to the like-for-like increases. Net income was $145.1m (£93.9m) for the second quarter, compared with net income of $93.6m ...
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Falabella Q2 sales up 19.5%
Retailer Falabella has reported sales of CLP1.09trn (£1.22bn) for the second quarter ended July 31, 19.5% higher than in 2009.The main reason behind this increase in sales was believed to be the recovery in the levels of consumption in South America. profit reached CLP95.5bn (£124.7m), up by 67.2%. ...
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Auchan H1 sales grow 6.8%
Hypemarket operator Auchan has reported that sales grew 6.8% for the first half of 2010 to €20bn (£16.69bn), of which 54% was generated by its international operations. Group like-for-like revenue at constant exchange rates and excluding petrol sales increased 1%.Net profit from continuing operations came to €248m (£207m), up by ...
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Yamada Denki to open small rural stores
Japanese electronics market leader Yamada Denki has announced plans to open smaller stores in thinly populated rural areas in a bid to speed up expansion away from competitive urban centres.The retailer intends to open 10 such stores by early next year. They will have a sales area of about half ...
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M.Video H1 sales up 7%
Consumer electronics chain M.Video’s retail sales increased almost 7% to RUB41bn (£866m) for the first half of 2010.M.Video’s net profit more than doubled to RUB518m (£10.9m).The increase in net profit is due to lower financing costs during 2010. President and chief executive Alexander Tynkovan said: “Customers are feeling more positive ...
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Penny to invest £12m in new Romanian stores
Germany-based Rewe Group’s discount division Penny is to invest €15m (£12m) opening 10 stores by the end of 2010.The retailer has opened nine stores so far in 2010, each covering between 10,765 sq ft and 14,000 sq ft. In total, Penny has 108 stores in Romania, six of which are ...
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News
Emperia Holding H1 revenues up 5.5%
Polish grocer Emperia Holding reported solid revenue growth of 5.5% to PLN2,832m (£600m) for the first half ended June 30.Net profit amounted to PLN32.4m (£6.9m), up 2.5%.The growth in revenue was driven by a strong performance at its retail stores, whereas revenues from its wholesale businesses grew only marginally. During ...