All International articles – Page 237
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NewsRWC2010: Amazon rules out stores and grocery offer
Amazon UK has ruled out opening stores and offering food “for the foreseeable future”, its managing director, Brian McBride, has told the Retail Week Conference.
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NewsNext plans US concession for Lipsy brand
Lipsy, the young fashion brand owned by Next, is in talks with US retailers to make its first foray into the country.
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NewsGap reveals online plans and plots entry into Italy
Gap has confirmed plans to bring a direct ecommerce offer for both its eponymous fascia and Banana Republic to the UK later this year.
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NewsHouse of Fraser to open first overseas shops in Middle East
House of Fraser has entered into a partnership with Retail Arabia International to open stores in the Middle East.
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Future Group in talks for foreign tie-ups
Future Group - which runs the country’s largest listed retailer Pantaloon Retail - is in talks for a foreign tie-up and hopes to file papers for an IPO in its investment arm soon, said chief executive Kishore Biyani.He would not name the overseas retailers being considered for a tie-up, although ...
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Government seeks control of Casino Group Venezuela operations
The Latin American country hopes to acquire majority control of Casino Group’s operations in Venezuela.President Hugo Chavez announced that negotiations, following the expropriation order he issued to Casino last month, have led to Casino offering to sell 80% of its shares in the corporation Cadena de Tiendas Venezolanas (Cativen).Casino operates ...
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Cencosud sales down 11% to £6bn
Chilean retail conglomerate Cencosud reported an 11% decrease in net sales to CLP5.33 trillion (£6bn) in 2009, while net profit dropped 38% compared with the previous year to CLP96bn (£108m).The retailer, which runs fascias including hypermarket chain Jumbo, attributed its drop in sales and profit to an unfavourable exchange rate, ...
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NewsGrowth of international discount supermarkets slows
Discount supermarkets are facing a slowdown in growth as competition from more mainstream competitors and brands start to impact on their sales.
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Shoprite to sell Indian operations to Future Group
Shoprite is preparing to sell its operations in India to Future Group, according to unconfirmed reports in the local media.It has been rumoured that Future Group is ready to buy the Shoprite store in Mumbai, and take on the employees there.Shoprite has reportedly called off its franchisee deal with Indian ...
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Mobile phone retailer Svyaznoy to offer financial services
Local mobile phone retailer Svyaznoy is to offer financial services in its stores following the chain’s merger with Russian bank Promtorgbank. 100% of Svyaznoy securities and an 87% stake in Promtorgbank will be assigned to a new company. Svyaznoy owner and founder Maksim Nogotkov will retain a controlling stake in ...
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Carrefour likely to sell Moscow leasing rights
Carrefour is likely to sell its Moscow leasing rights to Auchan and OBI, according to Reuters.Carrefour, the world’s biggest retailer, has failed to find one single buyer for all of its three hypermarkets in Russia.
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Mercadona to test Wincor Nixdorf automated checkout
Mercadona will be the first retailer to test Wincor Nixdorf’s new prototype of a fully automated checkout in the retailer’s laboratory later this month.According to Wincor Nixdorf, the new prototype for an automated checkout will for the first time make it possible to accurately read more than 95% of the ...
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AnalysisBest Buy could do worse than buy into Australia
While on the face of it an acquisition seems far fetched, Best Buy purchasing a top five player in a buoyant market wouldn’t be the craziest move.
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Movie Gallery to close 805 stores
Film rental chain Movie Gallery plans to close 805 poorly performing US stores after falling sales and mounting losses led to its second bankruptcy in three years.The closures affect a third of the retailer’s 2,415 US stores and several thousand of the company’s 19,100 employees are likely to lose their ...
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Dollar General to open 600 stores this year
Fixed-price retailer Dollar General is gunning to open a further 600 stores over the next 12 months, creating about 5,000 jobs. The 5,000 anticipated new jobs come on the heels of about 4,000 jobs created by Dollar General in 2009, according to the retailer.Meanwhile, Dollar Tree reported record net sales ...
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Walmart cuts 300 head office jobs
Walmart is to cut 300 jobs at its headquarters in Arkansas as chief executive Mike Duke attempts to cut costs and make the retailer more efficient.In a memo sent to employees, Duke said managers were asked to look for opportunities to eliminate duplication and reduce costs when deciding which jobs ...
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US multiples’ like-for-likes up 3.3%
Retail Metrics reported that its index of multiple retailers’ same-store sales figures rose 3.3% - higher than the 2.4% forecast and the fifth successive month of positive year-on-year sales growth shown by the index.During January high street retailers and department stores reported an increase in sales.Macy’s same-store sales climbed 3.4% ...
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NewsChina to overtake US as world's largest grocery market
China is set to overtake the US as the largest grocery market in the world by 2014.
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AnalysisWalmart savings will fund improvements to US stores
Staying true to the first promise in its strapline “Save money. Live better”, Walmart is embarking on a series of organisational changes in an attempt to drive further efficiencies across the company.
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NewsLike-for-like sales rise across all of Gap's brands in January
American fashion giant Gap said sales in January began to gain momentum, up 5% to $798m (£506m) for the month.