All International articles – Page 262
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Overseas retailers advised to focus on regional expansion in China
Overseas retailers wanting to enter the booming Chinese retail market should focus on regional expansion and not attempt a national launch, delegates were told at the World Retail Congress on Thursday.
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Retailers must ‘think global, act local’ for international success
International retailers outlined the key to overseas expansion in developing markets and remained bullish about prospects during the recession.
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US retail needs structural changes
Structural change is still required in US retail before the sector can emerge from the downturn, the World Retail Congress heard on Wednesday afternoon.
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Forever21 eyes London store to kick-start international expansion
US fashion retailer Forever21 has revealed that it wants to open a store on London’s Oxford Street as the first step in a possible expansion into Europe.
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OpinionRetail IT: international ideas
UK retailers must not get complacent despite holding their own in the nominations for the awards to be held at this year’s World Retail Congress.
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Styles & Wood announces massive drop in profits
Shopfitter Styles & Wood has unveiled a catastrophic drop in profits for 2008 as it was hit by a combination of cancelled and scaled-down retail contracts and substantial restructuring costs. Profits for the year to December 31 were £3.8m , down more than two thirds from £11.8m in the previous year.
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NewsTesco lowers prices to stop Irish shoppers crossing the border
Tesco is re-opening some of its stores in the border counties of the Republic of Ireland with marked-down stock reflecting sterling prices in an effort to curb customers crossing the border to buy their groceries in Northern Ireland.
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N Brown looks abroad to continue its growth
Home shopping group N Brown will focus on new markets and an enhanced customer offer to continue to increase sales after a strong full-year performance.
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NewsWHSmith considers increasing presence in overseas airports
WHSmith is contemplating further overseas expansion of its travel business by opening in more foreign airports.
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Amazon extends Euro reach as exports rise
E-tail giant Amazon has opened up all of its categories for delivery to Europe as it seeks to benefit from sterling’s weakness.
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AnalysisColes: Can the Brits save Australia’s fallen star?
Australian grocer Coles is the greatest turnaround opportunity in global food retailing. And an all-star UK line-up is doing it. Jennifer Creevy learns how
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Otto’s entry into Turkey won’t bring quick wins
At the end of this month German home shopping giant Otto Group will take its first steps into Turkey by testing newly acquired private shopping site Limango there.
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Discount range at Carrefour
Carrefour has unveiled a new discount range that will be introduced across all of its chains in France and Belgium by the end of the month.The retailer hopes that the range will attract customers tightening their belts during the recession and help it compete with discount groups such as Aldi ...
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M&S treads cautiously in India
Marks & Spencer’s foray into the Indian market is being slowed by global economic turbulence and delays in the availability of commercial property in the country.Through a joint venture with Reliance Retail, M&S had planned to set up 50 stores across the country in the next five years. Chief executive ...
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Ikea hires new chief executive
Ikea has promoted Mikael Ohlsson to chief executive of the furniture and homewares giant. He will replace Anders Dahlvig, who has been at the helm for 10 years.Ohlsson, who has worked at Ikea for 30 years, will take up the position on September 1. At present he is regional manager ...
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Wal-Mart payroll deal revised in China
Wal-Mart’s plans to reduce staff costs in China have stalled after trade union action.The Shenzhen Federation of Trade Unions has spoken to Wal-Mart, which has agreed to revise its plans to implement a payroll cut across 2,000 mid-level managers, who were being offered lower positions with less pay.The US giant ...
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Internet shopping soars in China
Online sales are soaring as shoppers in China turn to the internet as the recession deepens.According to Analysis International, e-commerce sales across the country rocketed 173 per cent year on year to Yn3.5bn (£350.1m) in the first quarter of 2009. Sales rose 24.1 per cent on the previous quarter as ...
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Coast follows in Karen Millen’s Russian footsteps
Aurora-owned fashion retailer Coast is to debut in Russia this autumn with a store in Moscow, and roll out to other Russian cities if successful.
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Irish government considers rent legislation to protect retail sector
Ireland’s Justice Minister Dermot Ahern has threatened to legislate against upwards-only rent reviews unless landlords take a “flexible and pragmatic approach” to helping retailers through the recession as the country suffers its worst retail sales slump for 25 years.
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Praktiker continues to suffer
Home improvement group Praktiker’s first-quarter losses widened from €20.8m (£18.7m) to €49.2m (£4.4m), and group sales dropped 8 per cent to €795.6m (£713.4m).The retailer said the performance was “materially attributable to its international business” as currency depreciation hit. However, Praktiker expects “adequate, positive EBITA” for the full year.Domestic sales in ...