All International articles – Page 242
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News
El Corte Inglés opens its first store inside another company’s premises
Retail conglomerate El Corte Inglés has opened its first store inside another company’s premises, at the Madrid headquarters of Spanish telecoms company Telefónica.The store, trading under the El Corte Inglés Convenience Store banner, has a sales area of 10,765 sq ft and offers a wide product range including food, pharmacy ...
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NewsAstley Clarke mulls international growth
Luxury jewellery etailer Astley Clarke is considering seeking further investment next year to bolster growth after like-for-like sales for its third year jumped 40%.
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Barnes & Noble and Borders report quarterly figures
Bookstore operators Barnes & Noble and Borders have both reported quarterly figures.Sales at Barnes & Noble stores fell 2% to $950m (£582m) in its second quarter, while its online sales climbed 9%.At Borders, sales dropped 12.7% in its third quarter to $595.5m (£365m), with like-for-likes down 12.1% and 7.2% at ...
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News
Black Friday weekend web and store visitors
195 million shoppers visited stores and websites over Black Friday weekend – the Friday after Thanksgiving that traditionally signals the start of the Christmas selling period in the US – up from 172 million last year, according to the National Retail Federation (NRF).However, the average spend over the weekend ...
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Metro Cash & Carry unveils new portfolio of private-label brands
Metro Cash & Carry has unveiled a new portfolio of private-label brands that it intends to roll out to all the countries in which it operates.The six private labels include Aro, which comprises 700 food and non-food products and Fine Food, with 700 SKUs aimed at independent food traders and ...
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Pinault plans to divest its retail businesses
PPR chief executive François-Henri Pinault told the Wall Street Journal that the group plans to divest its retail businesses including Conforama, Fnac and Redcats.Pinault did not give any details on when the group plans to sell the companies, but said: “The sooner, the better.” He added that about 20 companies ...
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News
Carrefour in Italy confirms DìperDì fascia converts
Carrefour in Italy has confirmed that it is to convert all of its DìperDì neighbourhood stores to the Carrefour Express fascia as part of its multi-format single brand strategy.The international grocery group’s Italian GS supermarkets are being converted into Carrefour Market at present. Carrefour said that the multi-format single brand ...
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AnalysisAS Watson: Gunning for the Chinese lion’s share
Global health and beauty giant AS Watson has big plans for China, with ambitions for as many as 5,000 stores there. Tim Danaher flew to Shanghai for a rare interview with managing director Dominic Lai, the man masterminding the Superdrug owner’s expansion.
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Woolworths expects a strong Christmas trading period
Multi-format Australian retailer Woolworths is expecting a strong Christmas trading period.Chief executive Michael Luscombe said business is “going along quite nicely”. The retailer revealed that net profit could exceed the Aus$2bn (£1bn) mark this financial year and it is still on the lookout for investment opportunities.For its 2010 financial year, ...
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AnalysisDubai’s financial demise will have knock-on effect
Middle East financial observers seem generally confident that Abu Dhabi and Dubai will thrash out a deal to rescue Dubai’s state investment vehicle Dubai World in the restructuring of its $60bn (£37bn) debt, although Abu Dhabi officials have suggested that the bail-out would most likely be on a selective basis.
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NewsSupergroup to launch stores in Irish Republic
Superdry and Cult parent Supergroup is to open its first Republic of Ireland shops before Christmas.
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NewsBlack Friday shoppers hunt for bargains
Sales on one of America’s busiest shopping days, Black Friday, were marginally ahead of 2008, but shoppers steered clear of higher priced items to hunt out bargains.
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News
GameStop reports third-quarter total company sales up 8.2%
GameStop has reported third-quarter total company sales up 8.2% to $1.83bn (£1.12bn).New software sales rose 9.4%, while used product sales increased 19.4%, on top of the 19.3% increase in the third quarter of 2008. Like-for-like sales decreased 7.8%, attributable primarily to a decline in new video game hardware sales.
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Carrefour plans to double store in Malaysia by 2012
French Grocer Carrefour plans to double store numbers in Malaysia to 40 by 2012. Chief executive Guillaume de Colonges said the expansion was in line with its strategy of positioning itself to be the top foreign hypermarket operator in the country.He added that the retailer was committed to growth in ...
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Ahold posts a 22% uplift in third-quarter net profits
Ahold posted a 22% uplift in third-quarter net profits, but warned competition will intensify in the run-up to Christmas.The Dutch grocery group said earnings from one of its US chains, Giant-Carlisle, had been hit by intense competition from Walmart. Group net profit in the three months to September 30 was ...
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News
Gap profits rocketed 25% in its third quarter
Gap profits rocketed 25% in its third quarter, helped by growing sales at its Old Navy fascia.Total sales rose 1% to $3.59bn (£2.17bn) for the quarter to October 31. Like-for-like sales at Old Navy were up 10% against an 18% fall the year before.The fashion retailer is focused on gaining ...
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Harvey Norman posts a 40% increase in pre-tax profit for the first half
Electricals retailer Harvey Norman posted a 40% increase in pre-tax profit for the first half.Current trading is being driven by strong franchise store sales growth and increased confidence among consumers as the impact of the global financial crisis begins to ebb.Sales for the period jumped 7.7% to AUS$1.93bn (£1.02bn), while ...
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Sears reports £78m net loss
Sears has reported a $127m (£78m) net loss for the third quarter ending October 31.Revenues declined $470m (£288m) to $10.2bn (£6.2bn) due to lower like-for-like sales and 56 fewer Kmart and Sears full-line stores. However, this was partially offset by an increase of $42m (£26m) due to the impact of ...
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NewsAnthropologie’s London debut a hit, says owner
US giant Anthropologie’s debut in the UK has been hailed an early success by its parent company, which said it “generated the second best opening day sales in our history”.
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NewsJaeger brings in web application to manage brand
Jaeger is to use web-based applications for brand management to support its international expansion.