All International articles – Page 266
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Wal-Mart mulls Russia
Wal-Mart, the world’s biggest retailer, is understood to be assessing the potential of the Russian market. According to press reports, Wal-Mart may be ready to open a shop there as early as next year.
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Kesko appoints chief
Kesko, Finland’s biggest retailer, has named its head of hardware Matti Halmesmaki as its new chief executive.
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Borders and Limited Brands look overseas
Medium-sized US retailers are turning up the heat on international ambitions, despite the apparent reluctance of US retail giants to take the plunge. At the Goldman Sachs conference in New York last week, Limited Brands - which owns Victoria’s Secret among other labels - and books specialist Borders flagged ...
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The economy is strong says Wal-Mart’s Scott
The two biggest retailers in the US played down concerns about the economy at Goldman Sachs’ 11th Annual Global Re-tailing Conference last week.
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Lidl opens in Slovakia
German discounter Lidl has opened its first shop in Slovakia. The store is in the Bratislava borough of Petrzalka. Lidl, which operates 5,000 stores across Europe, has not revealed how many stores it plans in the country.
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White Company’s Middle East push kicks off in Dubai
Multi-channel gift and home specialist The White Company is pushing into the Middle East with the help of Bahrain-based Jawad Business Group.
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Comer takes Ardennes as it moves into outlets
Europe’s factory outlet centre sector has a new player, with ambitions to grab a major slice of the lucrative Continental market.
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Norway fights back at Lidl
Norwegian grocers are to join forces to take on German discount chain Lidl , which is due to open 65 stores in the country from this summer. They hope to lower costs and improve competitiveness with joint IT and transport venture TakeCargo.
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Lowe’s to spend $7bn on aggressive growth push
Lowe’s is to invest nearly US$7 billion (£3.81 billion) in the next two years to expand and upgrade its store portfolio to compete harder against market leader Home Depot.
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Ahold’s Euronext spat
Ahold expressed disagreement with a Euronext decision to give the Dutch retailer a serious written warning regarding violations of Euronext rules on press releases. The warning related to difficulties that emerged at Ahold early last year.
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Budapest centre works begin
Miller Developments and local partner Raiffeisen have started work on the Budapest Factory Outlet Center, the first of its kind in the Hungarian capital.
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Ralph Lauren to target preppy kids with Rugby
Polo Ralph Lauren is to take on Abercrombie & Fitch with new fascia Rugby, aimed at preppy teens and college kids.
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Toys R Us sues Amazon
Toys R Us has filed a lawsuit against Amazon .com, alleging breach of the exclusivity arrangement that Toys R Us has to sell merchandise on Amazon’s Web site. Toys R Us struck the deal in 2000.
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UK market the favourite among foreign retailers
The UK has become a prime target for expansion-minded retailers, according to research from Jones Lang LaSalle. The UK has attracted more new entrants then any other major market over the past few years. These include Tchibo, Moreland and Deichmann from Germany, Jennyfer, Aigle and Paul from France, Geox, Expensive! ...
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Senate hearing threatens the future of RFID in US, fears NRF
US legislators’ concern over Radio Frequency Identification Tracking (RFID) reached another level with a Senatorial hearing in California, which started last week.
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La Senza plans further foreign stores after opening in Iceland
La Senza plans further foreign stores after opening in Iceland
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Best Buy sheds Musicland chain to Sun Capital
US retailer Best Buy has offloaded its Musicland chain to private investment firm Sun Capital Partners. Musicland generates sales of US$1.7 billion (£1 billion), but reported operating losses last year of US$72 million (£42.7 million).