All International articles – Page 253
-
News
Best Buy is trials sale of discounted laptops with internet contracts
Electricals giant Best Buy is trialling the sale of discounted laptops with internet contracts, echoing a similar initiative used by joint-venture partner Carphone Warehouse in Europe.Customers at selected stores can buy lower priced laptops if they sign up for two years with a broadband provider. Best Buy chief executive Brian ...
-
News
Book Depository to take on US market
Online retailer The Book Depository has revealed a 50 per cent hike in revenue to £62m in the year to June 30 as it lays out plans to take on the £9bn US book market.
-
News
Costco to invest in New South Wales expansion
Costco – the US-based international chain of membership warehouses selling food, general merchandise and electricals – plans to invest Aus$120m (£59.8m) in expanding into New South Wales, Australia.It will open its first discount warehouse in the region at Auburn in western Sydney. Costco, which may open more stores in the ...
-
NewsJaeger to make Hong Kong debut
Fashion retailer Jaeger is extending its international reach with plans for its first Hong Kong opening in September.
-
NewsJoules eyes Dubai as it plans overseas stores
Lifestyle and fashion retailer Joules has set its sights on international expansion as its sales continue to soar.
-
News
Eldorado’s like-for-like sales slump
Electricals retailer Eldorado’s like-for-like sales slumped 21.7 per cent in the first half of this year.Total sales plummeted 29.4 per cent to RUB39.6bn (£782.1m), compared with the same period last year. The retailer revealed it grew EBITDA to RUB2.7bn (£53.3m) compared with a loss of RUB1.9bn (£37.5m) last year.Eldorado operates ...
-
News
Vente-privee enjoys a sales increase
Private sales website Vente-privee has enjoyed a sales increase of 40 per cent in the first half of this year. Sales rocketed to £290m for the period as shoppers took advantage of goods with more than 70 per cent off normal retail price.The Paris-based retailer, which launched a UK site ...
-
News
Lotte Group to enter Vietnam retail market
South Korean retailer Lotte Group will enter the Vietnam retail market with the opening of a department store in Hanoi in 2013.The group’s fourth international store will be opened by its Lotte Department Store subsidiary, at the 65-storey Hanoi City Complex. The retailer will invest KRW350bn (£171, 375) in the ...
-
OpinionDigital screens - retail has seen it all before
Asda’s newly opened future store in Keighley, Bradford, is trialling a digital signage system from Amscreen that has been designed to influence purchase decisions at the point of sale.In Amscreen’s promotion of the deal, which includes a video of the system it’s posted on its website, it describes the system ...
-
News
Nordstrom gets scientific with sizing distributions
US department store retailer Nordstrom is to introduce an Oracle Retail application to improve the size distribution of clothing in its stores.
-
NewsScott Wheway appointed chief of Best Buy Europe
Best Buy Europe – the European joint venture between Carphone Warehouse and US electricals giant Best Buy – has appointed former Tesco and Boots executive Scott Wheway as chief executive.
-
NewsIkea opens first store in Republic of Ireland
Ikea has opened in its first store in the Republic of Ireland with a 339,000 sq ft (31,500 sq m) unit in Ballymun on the north side of Dublin.
-
OpinionPrimark will storm Germany
A visit last week to Primark’s first store in Germany was instructive. Located in the northern city of Bremen in a brand new shopping centre, it was reasonable to expect that the value retailer would have pulled out all the stops to make its Teutonic debut, and it didn’t disappoint.
-
NewsLiberty considers international push
Iconic London department store Liberty has confirmed it has begun a strategic review of the business to explore ways of developing the brand internationally.
-
News
Primark appoints former Marks & Spencer menswear director
Primark has appointed former Marks & Spencer director Julian Kilmartin as buying and merchandising director.
-
News
Casino reports a 1.9 per cent fall in Q2 sales
Supermarket group Casino reported a 1.9 per cent fall in second-quarter sales, broadly in line with market expectations. Sales were weighed down by lower petrol prices and declines at its French hypermarkets.Second-quarter sales fell to €6.82bn (£5.87bn). The retailer said that underlying sales excluding petrol and calendar effects rose 1.1 ...
-
News
Golden Gate Capital agrees to buy Eddie Bauer Holdings
Private equity firm Golden Gate Capital has agreed to buy Eddie Bauer Holdings for $286m (£172.9m) in cash after an auction for the bankrupt US outdoor and fashion retailer. US-based Golden Gate said that it has agreed to keep open most of Bauer’s 370 stores in the US and Canada.Bauer, ...
-
News
Woolworths Australia sets its sights on the hardware sector
Woolworths Australia has set its sights on the hardware sector in an attempt to challenge Wesfarmers. The chain, which tried to buy hardware chain Mitre 10 earlier this year, is reported to be plotting its own entry into the market.Former Harvey Norman executive Richard Champion now manages the retailer’s bulky ...
-
NewsRelief for US retailers as lender avoids collapse
Embattled US retailers faced a potentially crippling hammer blow last week as bank CIT Group teetered on the edge of bankruptcy.
-
News
Indian government confirms commitment to protecting smaller retail businesses
The Indian government has confirmed its commitment to protect smaller retail businesses in a move some suggest signals that the retail sector in the country will not be opened further.India’s minister of state for commerce Jyotiraditya Scindia said: “The government is fully committed to securing the legitimate interests of all ...