All International articles – Page 262
-
OpinionShould UK retailers stay home?
DSGi’s offloading of its Hungarian Electro World business for the princely sum of €1 makes business sense, even if it is another setback to the retailer’s international ambitions.
-
AnalysisTesco in Ireland: its toughest market
Faced with a tough economy, strong rivals and sales leaking north of the border, Tesco Ireland has struggled to assert its value stance. So will its counterattack work? Joanna Perry investigates
-
NewsDSGi sells Hungary stores for €1
Electricals retailer DSGi has sold its Electro World stores in Hungary for €1.
-
News
Ahold posts strong first quarter net sales growth
Grocery giant Ahold posted strong net sales growth of 15.2 per cent to €8.7bn (£7.8bn) for the first quarter ending April 19, led by a strong performance in its core European and US markets. Its Albert Heijn chain generated net sales growth of 12.3 per cent to €3bn (£2.7bn). In ...
-
News
Arcandor to apply for state aid
Debt-laden conglomerate Arcandor – parent of the Karstdadt stores business – aims to formally apply for state aid soon, its boss told reporters. “We are striving to submit an official request for state guarantees through the banks,” said chief executive Karl-Gerhard Eick. Small banks want to withdraw e90m (£81m) loans ...
-
NewsDylan’s Candy Bar mulls UK stores
Iconic US sweet store Dylan’s Candy Bar is considering opening stores in the UK.
-
News
Eddie Bauer reportedly in talks with potential buyers
The fashion retailer, which operates about 370 stores in the US and Canada, is a possible target for Gordon Brothers, Hilco Consumer Capital and Hudson Capital Partners. Eddie Bauer’s chief executive Neil Fiske declined to comment on bid speculation. The retailer has reported annual losses for the past three years ...
-
News
Carrefour bids for supermarket chain
Carrefour has entered the bidding to acquire Brazilian supermarket chain Gimenes, which has also received a proposals from local operator Associação Ricoy. Gimenes has 23 shops across São Paulo, Brazil’s largest state, and is Brazil’s 22nd largest supermarket chain. Carrefour, Brazil’s market leader, has put two offers on the table. ...
-
News
Mercator suffers net profit drop
Mercator, the country’s largest food retailer, has suffered a first-quarter net profit drop of 30.8 per cent year on year to €6.4m (£5.7m), which it attributed largely to higher financing costs. Operating profit for the first three months of the year rose by 11.5 per cent year on year to ...
-
News
Wal-Mart to end monthly sales reporting
Wal-Mart is to end its monthly sales reporting, which the retailer has been doing since 1979, to “better align investors with the retailer’s business plan and cut volatility caused by holiday shifts”, said Wal-Mart chief financial officer Tom Schoewe.Separately, Easter’s April timing helped improve US retailers’ same-store sales growth for ...
-
News
Ikea to expand in the Gulf
Furniture group Ikea plans to expand in the Gulf region with two stores in Oman and Qatar, in addition to adding new stores to its existing chain in Saudi Arabia. The retailer will also increase the space of its Abu Dhabi store from 9,685 to 21,530 sq ft, according to ...
-
News
Rosebys UK to be resurrected in global push
Home textiles retailer Rosebys could make a return to the UK this year, according to its owner, Indian industrialist Sanjay Dalmia.
-
News
Tesco thinks local to outrun global recession
It’s too early to call the end of the global recession, but it has stopped getting any worse. That’s the prognosis from Tesco international director Phil Clarke.
-
News
Shopper's Stop to open new outlets
Department store group Shopper’s Stop is to open a further 12 outlets in the next three years. The first four will be this year in Ahmedabad, Bangalore, and Hyderabad. The retailer, one of India’s biggest with 26 department stores, said that one of the triggers for expansion was the steep ...
-
News
Retail sales fall 8.2 per cent
Spanish retail sales fell 8.2 per cent in March. It is the second largest fall on record and the 16th consecutive month of decline as unemployment soared and consumer confidence dropped.
-
News
Shopper’s Stop sales rise 9 per cent
Indian retail group Shopper’s Stop has revealed sales rose 9 per cent to INR3.5bn (£46.9m) for the quarter to the end of March.The group – which operates large-format department stores, home stores and speciality retailers including Mothercare in the country – said margin for the quarter increased 4 per cent. ...
-
News
Abercrombie & Fitch to cut jobs
Fashion retailer Abercrombie & Fitch is to cut 170 roles at its head office in Columbus, Ohio. The retailer will cut 9 per cent of its 2,000-strong positions to reduce costs.Abercrombie & Fitch has suffered from a downturn in sales as US consumers rein in spending. Chief financial officer Jonathan ...
-
News
Quarantined Mexicans boost sales
Mexican retailers have witnessed a sales surge as President Felipe Calderón ordered all 103 million Mexicans to stay at home in a bid to contain swine flu. The five-day quarantine led to shoppers stocking up on food, DVDs and video games.In the northern city of San Luis Potosí, Blockbuster store ...
-
News
Carrefour and Reliance Retail discuss joint venture
French retailer Carrefour is in talks with Indian giant Reliance Retail about forming a joint venture.Carrefour has been negotiating to operate in India in partnership with tycoon Kishore Biyani’s Future Group, but no deal has been struck.The French group is now talking to other potential partners, including Aditya Birla and ...
-
NewsItaly’s Furla upbeat despite squeeze on luxury market
The outlook for luxury retailers remains uncertain, but some international brands are confident of continued success. Among them is Italian group Furla, which delivered a strong performance last year.