All International articles – Page 233
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News
Big W launches online
Woolworths’ discount department store, Big W, has launched an online store, allowing web-based shoppers access to more than 4,000 items from its range, including 600 items that are not available in-store.
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News
Ikea postpones Ukraine expansion plan
Ikea has postponed a plan to build a network of stores in Ukraine.Oksana Belaichuk, Ikea’s public relations director for Russia and the Commonwealth of Independent States, said: “The leadership of the Ikea group of companies has decided to suspend the search for new land plots and temporarily postpone the plan ...
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News
X5 to increase Express Retail stake
X5 Retail Group has announced an agreement to acquire an additional 20% stake in Express Retail for $6m (£4m).Express Retail is a joint venture operating 52 Perekrestok-Express convenience stores around Moscow, and is developing several franchising projects in this segment. The purchase brings X5’s total ownership interest to 60% of ...
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News
ICA Group reports increased sales
Ahold’s ICA Group has reported increased sales and improved operating income for the first quarter of 2010.Net sales for the first quarter amounted to Skr22.72bn (£2.11bn), up 0.7% on the same period last year. At constant exchange rates, net sales grew 1.7%. Operating income amounted to Skr620m (£57.51m), up ...
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NewsMarks & Spencer opens first Hong Kong food store
Marks & Spencer opened its first Hong Kong standalone food store today after a successful trial of its Food to Go range in four shops there.
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NewsInternational spend hit by flight ban in April
International shopper spend in the UK fell 16% year-on-year in April as the volcanic ash cloud impacted tourism.
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OpinionKiss, kiss
Next week, fashion retailer All Saints opens its first store in New York. K.I.S.S or ‘keep it simple stupid’ might be the executive summary.
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News
Ronato focus on growing market share
During 2010 and 2011, home improvement retailer Rona plans to focus primarily on growing its market share in Ontario and Western Canada while reinforcing its strong position in Quebec.The retailer expects to grow its share of the Canadian home improvement market from 17% to 20% by the end of 2011.By ...
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News
Sale of Poundland will speed up moves to expand overseas
Poundland is edging closer to an overseas debut under its new owner, US private equity firm Warburg Pincus, which bought the retailer for £200m.
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Analysis
German discounters put the heat on Swiss grocers
The Swiss grocery market is showing signs of heating up this year.
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NewsDebenhams showcases Danish expansion move
Debenhams was scheduled to run an analysts’ visit to Copenhagen as Retail Week went to press to demonstrate its integration of Danish department store Magasin du Nord.
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AnalysisThe common denominator
Kingfisher international boss Peter Høgsted is convinced group sourcing of common ranges is the DIY giant’s biggest opportunity to cut costs and boost differentiation.
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AnalysisWhat’s waiting in Marc Bolland’s in-tray at M&S?
Dutchman Marc Bolland takes the reins this week at M&S. We look at the big questions facing him as he moves into the Paddington hot seat
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NewsStrife in Greece ‘likely to benefit foreign retailers’
The economic and political turmoil that is convulsing Greece is likely in the long term to benefit international retailers that trade there, according to Planet Retail analyst Milos Ryba.
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News
Praktiker sales drop 6%
Praktiker, the DIY group, has reported a 6% drop in sales to €747.9m (£651.2m) in the first quarter of 2010, due to prolonged winter weather and persistent economic weakness in Eastern Europe.Net losses were €37.5m (£32.6m), steeper than the €36.8m (£32m) loss for the same period a year ago. January ...
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News
Edeka sales up 18.7% on Plus integration
Edeka, Germany’s largest grocer, posted an 18.7% sales increase to €38bn (£33bn) during 2009. EBITDA reached €714m (£622m), mainly thanks to the integration of the 2,339 Plus discount stores acquired from Tengelmann in January 2009.Plans for 2010 include an investment of €1.3bn (£1.13bn) to expand and modernise its stores and ...
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News
Ikea seeks 12 new stores in Spain
Ikea will open its first store in the northern region of Galicia in July.The furniture and furnishings retailer has invested e60m (£52m) in the store on a 323,000 sq ft site and it will create 400 jobs.The Spanish press has reported that Ikea wants to open 12 new stores in ...
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News
PPR Q1 sales up
Sales in the first quarter of 2010 at luxury goods and retail company PPR were up 1.3% compared with the first quarter of 2009, rising to €4.13bn (£3.6bn). Sales at Fnac, the international entertainment retail chain of which PPR is the majority shareholder, were up 1.6%. In France, Fnac sales ...
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News
Shoppers Drug Mart sales up 5.7%
Drugstore chain Shoppers Drug Mart’s sales jumped 5.7% to C$2.32bn (£1.5bn) in the first quarter of 2010. The company continues to enjoy sales growth in all regions of the country, led by gains in Quebec and Western Canada. Like-for-like sales increased 3.1% over the quarter.Net earnings increased 8.2% to C$116m ...
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News
Office Depot sales fall 4.7%
Office Depot saw sales fall 4.7% to $3.1bn (£1.9bn) during the three months to March 27, 2010. Operating profit came in at $56m (£36m), compared with a loss of $60m (£39m) in the first quarter of 2009.Net profit was $29m (£19m), an improvement on the $55m (£36m) loss in the ...