All International articles – Page 266
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News
Magnit profits double
Budget food retailer Magnit has reported that profits doubled last year.Sales at Magnit, which operates discounters and hypermarkets in the south and northeast of Russia, rocketed more than 40 per cent to $5.3bn (£3.79bn) from $3.7bn (£2.5bn). Magnit forecast that sales would increase 35 per cent this year.Chief executive Sergei ...
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NewsMothercare to pave way for global e-tailing as sales soar
Mothercare plans to open up its e-tail business globally by enabling customers in all of the 51 countries it operates in to buy online.
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NewsHarrods to open in Kuala Lumpur
Harrods is poised to open a store in the heart of the Malaysian capital’s shopping district in Kuala Lumpur.The iconic department store group will open the store on Saturday within the shopping complex Suria KLCC, which is situated next to the Petronas Towers in Kuala Lumpur.The store, which is called ...
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NewsDSGi responds to rights issue rumours
DSGi has issued a statement on the London Stock Exchange saying that no decision has been taken on whether it will undergo a rights issue.
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NewsDSGi to sell Central European stores, reports claim
DSGi is believed to be poised to sell its Electro World stores in Central Europe to Slovakia-based consumer electronics retailer NAY.
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OpinionMothercare is all grown up
Mothercare appears to have its corner of the retail sector all sewn up.Today, the maternity and baby specialist unveiled a stellar set of results, with UK sales ahead of expectations and international sales soaring.It is a repeat story for the retailer that rarely puts a baby step out of place.Admittedly, ...
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News
Analysis: Inditex’s Euro strongholds give it the edge over H&M
Fashion giants Inditex and H&M reported solid results last week, but as the global downturn continues to deepen both retailers need to remain at the top of their game. While both are formidable players, some argue that H&M faces more challenges than its rival Inditex.The Spanish giant – owner of ...
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News
International news
US Health and beauty giant Walgreens reported net earnings for the second quarter ending February 28 down 6.7 per cent to $640m (£450.5m). Total sales increased 7 per cent to $16.5bn (£11.6bn), while comparable store sales rose 1.3 per cent.Prescription sales, which accounted for 63 per cent of the total, ...
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NewsRiver Island to retreat from Turkish market
River Island is quitting the Turkish market because of the challenges of doing business in the country.
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NewsHollister to press ahead with Continental push
Abercrombie & Fitch sister brand Hollister is to defy the economic slowdown as it forges ahead with a Continental European roll-out.
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Opinion
Property comment: Recession? What recession?
You could be forgiven for thinking that there’s not much to be optimistic about in UK retail at the moment. But maybe the foreign retailers still flooding into the UK have seen something we haven’t?
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AnalysisHandy Men: Kingfisher assembles international management
As Kingfisher boss Ian Cheshire builds his top team of international managers, the question is how successful will they be in reviving the retailer’s fortunes? Nicola Harrison reports.
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Opinion
All aboard the global express
Mass and niche brands alike can make the most of the opportunity the world stage presents
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AnalysisExpect the unexpected
The continued arrival of new stores and retail formats is proof that while the Celtic Tiger may not be as fierce as it was, it still has considerable bite in these straitened times. John Ryan reports
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AnalysisIrish charm
A friendly business culture and a free rein have made Rhys Iley’s directorship of Boots Ireland a refreshing change. He tells Charlotte Dennis-Jones what’s different on the Emerald Isle
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NewsGerman discounter merger in danger as regulator acts
The German grocery regulator could block a landmark merger that would shake up the discount grocery market in the country.
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AnalysisCentre Forward: the Irish Midlands’ economic boom
A new shopping development is set to revolutionise the retail map of the Irish Midlands – a former backwater that’s now experiencing an economic boom. David Thame reports
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News
Esprit profit hits £142m
International fashion group Esprit reported full-year net profit of HK$2 billion (£142 million) on turnover of HK$16.4 billion (£1.17 billion).