All Retail Week articles in June 25, 2010 – Page 3
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AnalysisWalmex to step up Central American stores growth
Scot Rank, the chief executive of Walmart’s Central American unit, Walmex, confirmed to a conference audience last week that the company has identified 300 new cities in Mexico and Central America where it could open stores, in addition to further expansion in the 348 cities in the region in which ...
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NewsHarold Tillman secures Allders’ future in landlord deal
Fashion entrepreneur Harold Tillman has secured the future of his Allders department store in Croydon after joining forces with landlord Minerva to create a revised and relocated shopping centre in the town centre.
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NewsIsabella Oliver aims to build on overseas growth
Online maternity specialist Isabella Oliver is targeting a 25% increase in sales for its current financial year after successful overseas growth drove the business last year.
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NewsBuoyant Wilkinson to speed up store revamps after profits soar
Value chain Wilkinson is to ramp up its store rebranding programme after recording another strong year, with profits more than doubling in the 12 months to January 29.
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OpinionAdopting a consumer goods outlook
This reflection of FMCG brands’ best practice by major retailers can also extend to how they structure their organisations or would like to be perceived.
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OpinionRetail surgery: We have focused on retaining the profitable customers on our database, rather than acquiring new ones. How do we get the balance right?
We have focused on retaining the profitable customers on our database, rather than acquiring new ones. How do we get the balance right?
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NewsEast trials standalone accessories shops
Womenswear chain East is to open standalone accessories stores and open more mainline stores, following a return to profit last year.
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NewsTextiles Direct seeks 90% cut in rents
Sixty-eight-store homewares and soft furnishings retailer Textiles Direct has pushed through a CVA in a bid to secure its future by reducing some of its rent bills by 90%.
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News
Best Buy revenue 6.9% increase
Best Buy reported a 6.9% increase in revenue to $10.78bn (£7.26bn) for the first quarter ended May 29.
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NewsOcado presses button on IPO
Home shopping group Ocado is to float on the London Stock Exchange after interim EBITDA surged 181% to £8m.
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NewsPrivate equity house Isis invests £4m in gifts etailer GettingPersonal.co.uk
Private equity house Isis has invested £4m in online gifts retailer GettingPersonal.co.uk.
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News
Ed and Dia launch a free loyalty card
Carrefour’s discount stores in France, operated under the Ed and Dia banners, have launched a free loyalty card called Club Dia.The retailer will run a promotion where twice a month, for 15 days, loyalty card holders are granted immediate reductions on more than 200 products. The scheme will cover both ...
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Carrefour to open its first cash-and-carry outlet in Argentina
Carrefour will open its first cash-and-carry outlet in the country later this year, adding to its Express y Mini convenience stores and local hypermarkets.The retailer will use the Brazilian brand Atacadão, which it has already exported to Colombia.The first Argentinean Atacadão will open before the end of the year in ...
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Kroger’s profits decline
Grocery retailer Kroger’s net profit declined 14.1% to $373.7m (£251.6m) in the first quarter to May 22. Total sales, including fuel, rose 8.7% to $24.8bn (£16.7bn), while sales excluding fuel increased 3.1%. Like-for-like supermarket sales, without fuel, were up 2.4%. Kroger’s chairman and chief executive David Dillon said: “The total ...
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Otto Group posted an EBIT of €34m
Retail and mail order conglomerate Otto Group has posted an EBIT of €34m (£28.5m) for the year ended February 28, compared with a loss of €95m (£79.6m) in the previous year.EBITDA rose to €314m (£263m), up from €229m (£192m).The company said it achieved growth in all its business segments, with ...
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Metro in no rush to sell off Kaufhof
Metro Group chief executive Eckhard Cordes has declared that he is in no rush to sell off its Kaufhof department store division. All potential bidders are thought to be financial investors, who have found themselves struggling to secure funds after an increase in fortunes in recent weeks at Kaufhof. Cordes ...
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Celesio and Phoenix merging
Pharmaceuticals retailers Celesio and Phoenix said they are merging their activities, making the new joint venture company number two in terms of sales in the Dutch pharmacy market.The new company will have 115 own pharmacies and about 40 franchised shops. It will have 1,600 employees after the merger and generate ...
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CVS Caremark and Walgreens still working together
Following a very public spat last week, CVS Caremark and Walgreens have reached an agreement whereby Walgreens will continue participating in CVS’s Caremark pharmacy benefit management national retail network for existing, new and renewal plans.The companies are not disclosing the financial terms of the new contract.
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News
Costco lobbies Washington state for new liquor distribution laws
Costco is to lobby the Washington state government in an effort to shake up liquor distribution laws.
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NewsRobert Tchenguiz trust to hand over £137m Somerfield proceeds to Kaupthing administrators
A trust connected to investment tycoon Robert Tchenguiz has abandoned its legal fight to retain £137m of proceeds from the sale of grocer Somerfield.