All International articles – Page 239
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News
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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News
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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News
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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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.
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AnalysisPre-recession plans give Ahold strong US footing
A decade ago, Dutch retailer Ahold was present in 25 markets around the world.
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NewsLoblaw man Dalton Philips to succeed Marc Bolland at Morrisons
Dalton Philips, chief operating officer of Canadian grocer Loblaw, has been appointed chief executive of Morrisons.
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AnalysisRecovering US retailers’ plan of attack
The rules of retail in the US have changed, but the impact will be felt worldwide. Joanna Perry reports from New York
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GalleryStore of the week: Superdry, New York
The eyes of many British retailers seeking to advertise that they are global brands seem, in many high-profile instances, to turn more readily towards the US than Europe when a judgement is made about where to go next.
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OpinionBreaking into new markets with clicks not bricks
One of the best things that the Internet has allowed retailers to do is test new markets in a relatively low-risk, inexpensive way.
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News
Fast Retailing revenues up 40%.
Fashion giant Fast Retailing revenues rocketed 40% year on year for its first quarter to November.Same-store sales jumped 21% and operating profit soared 49% to JPY61.1bn (£419m).Fast Retailing said the performance was driven by new products, the opening of its Paris Uniqlo global flagship store, the launch of the +J ...
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News
Al Hokair to expand in the Middle East
The board of Saudi Arabian retailer Al Hokair has approved an expansion plan that covers Kazakhstan and could eventually include Egypt, Jordan and the United Arab Emirates.The group, which specialises in fashion retailing - including franchises for Inditex and M&S - and foodservice, would not disclose further details, saying only ...
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AnalysisAldi could shake up the New Zealand food market
There’s been some interesting speculation that Aldi - which has really made waves in Australia - is actively looking to enter the grocery sector in New Zealand, registering myriad trademarks and also dispatching staff to scope out potential sites.
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News
Auchan to launch new discount store
Hypemarket operator Auchan is to launch a new discount format at Mulhouse in eastern France, by rebranding one of its underperforming stores.The store will adopt a new banner, called Priba by Auchan. Employees of the store were told about the change on December 24 by store director Marc Du Colombier.The ...
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News
X5 Retail and Perfumes Planet Switzerland in joint venture
X5 Retail, Russia’s largest retailer in terms of sales, and Perfumes Planet Switzerland, have set up a joint venture.The two companies will develop perfume selling points adjacent to X5’s food retail stores in Moscow, St Petersburg, Nizhny Novgorod and respective regions.PPS and X5 will own 80% and 20% of the ...
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News
Aeon to overall supermarkets
Aeon is to overhaul the supermarkets under its umbrella.The Japanese group plans to transform 55 stores - about 10% of the total number of Jusco stores and other supermarkets in the group - in 2010.Aeon will downsize floor space for items that have not been selling well, such as clothing ...
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News
Deal between Suning and Citicall Retail Management
Suning, one of the leading electrical appliance retailers in China, has struck a deal to buy Hong Kong-based Citicall Retail Management for $4.5m (£2.76m), sources reported. Suning is due to complete its takeover of Citicall Retail Management by March. The Shenzhen-listed enterprise wants to extend its presence in Hong Kong ...
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Analysis
Festive sales held up but expect a bleak first quarter
The first sets of Christmas trading results have started to trickle in this week and by all accounts Christmas 2009 is unlikely to have been the disaster that everybody was expecting.
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News
Seventh Continent sales soar
Grocer Seventh Continent posted net sales soared 22.5% to RUB39.9bn (£792m) in 2008, according to documents prepared in accordance with International Financial Reporting Standards (IFRS).Growth was driven by the expansion of the company’s store base. Like-for-like sales climbed 10.4%.