All International articles – Page 240
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News
Metro pulls out of deal with Privileg
Metro Group-owned consumer electronics superstore operator Media-Saturn is understood to have pulled out of a deal to acquire the Privileg household goods private label.The label - the German market leader in washing machines, tumble dryers and kitchen stoves - was bought by the Otto mail order group from Arcandor in ...
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News
Jumbo sales to grow
Dutch supermarket and superstore operator Jumbo is expecting total sales to grow 20% to 25% in 2010, including sales from the converted stores it acquired from Casino’s Super de Boer chain late last year.During the year, Jumbo plans to convert a further 40 Super de Boer stores to the Jumbo ...
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News
Marty Hamnett to retire
Marty Hamnett, general manager of supermarket operations at Australian outfit Woolworths, is to retire at the end of the financial year after 40 years with the retail giant.Formerly general manager of the company’s Big W general merchandise division, Hamnett led the integration of Progressive Enterprise, the New Zealand supermarket business ...
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NewsWalmart to use supply chain to cut costs in 2010
Walmart, the world’s biggest retailer, estimates that savings of between 5-15%, or $4bn-$12bn, will be possible by globalising its purchasing.
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NewsEsprit to buy Chinese venture partner
Esprit is set to buy out its Chinese venture partner as it looks to ramp up its presence in that market.
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NewsMonsoon to have second stab at US with Accessorize openings
Monsoon will open five Accessorize stores in the US next year, marking the fashion retailer’s second attempt to crack the North American market.
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NewsClaire’s revamps its image in bid to appeal to older teenagers
Accessories specialist Claire’s is overhauling its image to appeal to older teenage customers as it plots aggressive expansion across Europe.
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AnalysisAsian markets beckon for crunch-hit fashion players
Slowed consumer spending in their recession-hit home markets has led the world’s largest fashion retailers to pursue Asia for growth. Retailers such as Inditex, H&M and Gap are now finding more fertile grounds for expansion in the region, where the effects of the economic downturn have been much less severe.
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NewsKesa chief brushes off UK Best Buy threat
Kesa group chief executive Thierry Falque-Pierrotin questioned the impact US electricals giant Best Buy will have in the UK as Kesa posted better than expected results.
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NewsCoco de Mer opens New York store
Luxury erotica retailer Coco de Mer has opened a store in New York this week and is seeking more franchisees to open further shops in Europe and Asia Pacific.
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NewsLakeland strikes deal to launch Dubai store
Kitchenware retailer Lakeland is to open its first overseas store next year in Dubai.