All Retail Week articles in October 22, 2010 – Page 2
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News
Eroski launches private label economy food range
Grocery retailer Eroski has launched a new private label economy food range called Eroski Basic. Consisting of 200 food items, this new private label is similar to Carrefour Discount and El Corte Inglés’ Aliada ranges. Eroski Basic will be sold at all its grocery fascias except the Aliprox franchised ...
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News
Casino Proximité to open 530 new stores in 2011
Casino Proximité, Casino’s convenience store division operating the Petit Casino, Spar and Vival banners has announced that it plans to open more than 530 new stores in 2011. Casino Proximité director Jean-Pierre Lanzetti stated the retailer will be recruiting for 130 Petit Casino openings and 595 franchisees.
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News
Casino Q3 sales reach £6.27bn
Casino’s consolidated net sales rose by a reported 6.5% in the third quarter of 2010 to reach €7.18bn (£6.27bn). Changes in consolidation - mainly the deconsolidation of Venezuelan operations - had a 3.3% negative impact.
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News
Carrefour Q3 sales increase 6.7% to £22.4bn
Carrefour has announced that third-quarter sales rose 6.7% at current exchange rates to reach €25.6bn (£22.4bn). Overall like-for-likes increased by 0.1% excluding petrol. The retailer stated that growth was driven by emerging markets and that in the retailer’s difficult home market, encouraging footfall was noticed for its hypermarkets in the ...
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News
Cencosud acquires Supermercados Bretas for £525.8m
Chilean retailer Cencosud has acquired Brazilian supermarket chain Supermercados Bretas for BRL1.4bn (£525.8m). The chain operates 62 supermarkets, three distribution centres and 10 service stations in central and northern Brazil.The acquisition allows Cencosud to expand its presence to the Minas Gerais and Goias states and consolidate its position as the ...
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News
Schlecker contracts external advisers to revitalise business
Drugstore chain Schlecker has contracted external advisers to revitalise its ailing business. According to reports, Schlecker is working on a fresh store concept and is preparing to add a stronger regional component to its product offer, while improving its price perception.
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News
X5 Retail Group acquisition of Kopeika may not go ahead
Despite having received approval from the Russian Anti Trust Office to acquire Moscow-based retail chain Kopeika, X5 Retail Group has said that the acquisition may not go ahead. Initially Kopeika aimed to sell its stake to X5 Retail Group at the beginning of October for an estimated $1.5bn (£1bn) including ...
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News
Toys R Us claims it won't be opening stores in India
US-based toy retailer Toys R Us has said it won’t be opening stores in India, following reports of a link-up with Reliance Retail. The company released a statement of denial after various news sources reported a link between the two retailers.
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News
Ikea to enter South Korea
Ikea Group president and chief executive Mikael Ohlsson has reiterated comments made on a recent trip to Delhi that the retailer is preparing for market entry into South Korea. He has also confirmed the retailer’s plans to enter the Croatia and Serbian markets in the next few years.
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NewsHolland & Barrett owner eyes £1bn sales for next five years
Holland & Barrett owner NBTY Europe is targeting £1bn of sales over the next five years following its takeover by US private equity firm Carlyle Group.
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NewsTycoon Jagtiani amasses $1bn fund for raid on UK fashion retail
Dubai retail tycoon Micky Jagtiani has amassed a $1bn (£628.2m) fund for acquisitions next year and is again eyeing UK fashion retailers.
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NewsDixons hire Star Wars heroes C-3PO and R2-D2 to star in ad campaign
Dixons Retail, owner of Currys and PC World, has hired Star Wars heroes C-3PO and R2-D2 to star in its ad campaign.
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NewsBlacks’ shares perk up after bid approaches
Outdoor goods specialist Blacks was at the centre of the week’s retail share price action after revealing approaches from potential buyers.
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NewsMothercare shares rise after update
Maternity specialist Mothercare’s shares were up after last week’s second-quarter and first-half update.
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NewsBird steps down from Focus after rebranding
Focus DIY brand director Richard Bird, who was the architect of the retailer’s brand repositioning, has stepped down from his role and the day-to-day running of the business.
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NewsRetailers braced for difficult trading after ‘necessary’ cuts
Retailers warn public sector cuts will hit spending and exacerbate the North/South divide
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AnalysisCanary Wharf: Shopping for suits comes of age
Canary Wharf faces fresh challenges from two new developments, but as Tim Danaher discovers, its shopper base remains unique.
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NewsAnalysts warn bids for Blacks will reflect tough trading spell
Bids for outdoor goods specialist Blacks Leisure are unlikely to match the level offered by rival Sports Direct earlier this year, analysts fear.
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NewsWaitrose plans roll-out of new non-food areas
Waitrose has identified 60 stores where it will introduce the revamped non-food area it debuted in its Meanwood supermarket in Leeds earlier this month.
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OpinionArgos needs to build on multichannel strategy
The job losses spelt out in Wednesday’s Comprehensive Spending Review can’t be good news for retailers. While at least we now know how bad the impact will be, the uncertainty created in the minds of those affected will do nothing for their propensity to spend.