All International articles – Page 234
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News
Jerónimo Martins Q1 profits up 30%
Grocer Jerónimo Martins posted a €42.3m (£36.8m) net profit for its first quarter, a 30% jump on the same period in the previous year.The retailer attributed the result to strong sales, which rose 21.8% to e1.96bn (£1.70bn), compared with the first quarter of 2009. Sales at its Biedronka discount supermarket ...
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News
C&A turnover flat at £5.56bn
Fashion retailer C&A generated turnover of e6.3bn (£5.5bn) in the year ended February 2010, up by just 0.03% on the previous year.Sales growth was seen in Belgium and Luxembourg (3.2%), in Austria (1.1%), in Germany (0.2%) and in its online business. But turnover dropped in Spain and Portugal (-2.6%), Eastern ...
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NewsUK remains international retailers’ favourite
The UK has retained its position as the most attractive market for international retailers to expand into as the growth in retail expansion has slowed amid the economic crisis.
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AnalysisCan 2010 optimism spur languishing M&A activity?
Just how much impact did the global economic crisis have on merger and acquisition activity in the retail sector last year?
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News
JC Penney aims for £14.2bn sales by 2014
JC Penney has set new, five-year operational and financial targets to reflect a focus on driving profitable, top-line growth and expanding market share.By the end of its 2014 financial year, the retailer is aiming to increase total sales by more than $5bn (£3.1bn) to reach about $23bn (£14.2 bn).In the ...
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News
D&S rolls out 600 new private-label products
Walmart’s Chilean division D&S has rolled out more than 600 new and reformulated private-label products, including the debut of Walmart’s Great Value private-label range in the country.According to D&S, the Walmart private-label range has been imported “to have a better range of products at a great price” in the food ...
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News
Wesfarmers sales up 4.9%
Sales at Wesfarmers’ grocery arm Coles rose 4.9% to Aus$6.91bn (£3.5bn) in the quarter to March 28. Meanwhile, its home improvement operations experienced a 7.9% jump in sales to Aus$1.54bn (£771m), while sales from its office supplies division rose 7.7% to Aus$390m (£195m).Sales at Coles’ department store chains Target and ...
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News
Fast Retailing plans 200 g.u. stores
Fashion retailer Fast Retailing has revealed plans to have opened 200 stores for its low-cost casualwear brand g.u. in Japan by 2013. The company - which owns Uniqlo - plans to open 25 shops, to bring its total number of stores to about 120, by the end of May. It ...
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News
Abercrombie & Fitch set to open Barcelona Hollister
US clothing retailer Abercrombie & Fitch is to launch its first store in Spain under the Hollister banner in Barcelona in July.The store will cover 5,380 sq ft and will be located in the La Maquinista shopping centre. Abercrombie & Fitch is expected to open four Hollister stores in the ...
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News
Neiman Marcus testing new discount format
Department store operator Neiman Marcus is testing a new discount concept, according to US consumer fashion website Women’s Wear Daily.The 11,000 sq ft store, which opened this month in Dallas, offers designer brands such as Michael Kors, Badgley Mischka and Diane von Furstenberg, with prices ranging between $45 and $300 ...
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OpinionBest Buy: Just another big box?
One thing seems almost certain: The first UK Best Buy store will be another example of big box retailing at its least imaginative. Drive past the Thurrock store-to-be and the yellow and blue logo is certainly large, but it will be a real bombshell if the interior is in any measure appreciably different from its rivals’.
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AnalysisChina is not the only new retail market to investigate
While the volcanic ash cloud and the ensuing chaos may have blown over by the time this appears, the disruption to international trade once again highlights the weaknesses in our increasingly globalised economy.
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News
Casino Q1 sales up
Casino has posted a 5.6% first-quarter sales increase, including calendar effects and higher petrol price, to reach €6.61bn (£5.8bn), with a 16.4% jump in international markets and a 0.4% gain in the struggling French market.International operations, which accounted for 36% of sales, showed a sharp acceleration in organic growth during ...
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News
Saks to close 53 stores
Premium department store chain Saks plans to close up to 20 of its 53 full-line Saks Fifth Avenue stores over time.The exact number of store closures and their timing has not yet been announced, although the company closed its Portland, Oregon store last month. Instead, Saks is pursuing growth through ...
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News
Carrefour to enter Iraqi market
Carrefour has unveiled more details about its entry into the Iraq market.The retailer’s franchise partner in the Middle East, Majid Al-Futtaim, is looking to open its first Iraq store in September at the Family Fun Mall, a premium shopping and entertainment complex soon to open in Erbil in the Kurdistan ...
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News
Thai Office Depot franchise generated sales of £52m in 2009
Central Retail has revealed its Office Depot franchise generated sales of Bt2.8bn (£52m) in 2009.Managing director Somchai Tawonrungroaj said that Office Depot’s key success factors were business expansion (two new stores opened during the year) and an increase in the number of private-label products sold.Tawonrungroaj said: “For the business direction ...
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News
Aeon to expand The Big hypermarkets
Aeon has announced plans to boost its number of The Big hypermarkets. Aeon currently operates about 30 stores trading under The Big brand name.The company said that it would increase The Big store numbers seven-fold over the next three years, to 200 stores.The group also plans to convert its MaxValu ...
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News
First Labi flagship for Shinjuku
Japanese consumer electronics retailer Yamada Denki has opened its first Labi flagship store in Tokyo’s Shinjuku district.The 84,820 sq ft store is spread over nine floors and is expected to generate annual sales of ¥50bn (£342m). The store has a special dedicated area devoted to women in order to attract ...
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News
Carrefour to sell 40% of Indonesian business
Carrefour has agreed to sell a 40% stake in its Indonesian business to Para Group, a company that already operates more than 300 retail stores.Carrefour said the partnership will generate synergies with Para operations, particularly in financial services, media and lifestyle.Carrefour operates 78 stores in 22 Indonesian cities and plans ...
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News
X5 could purchase A5 pharmacies
X5 Retail Group could purchase the A5 Pharmacy Chain in 2011 as part of a recent agreement, chief executive Lev Khasis has said. The price of the deal will depend on the chain’s results in 2010.X5 Retail Group said in May 2009 that it planned to open A5 Pharmacy Chain ...