All Retail Week articles in October 22, 2010 – Page 5
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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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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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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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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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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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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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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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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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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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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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Rewe launches forecourt store concept for independent petrol station operator
Rewe in Austria has launched a new format forecourt store concept for independent petrol station operators called ADEG am Weg (ADEG on the way). The 700 sq ft store is located at a Pein Energy petrol station in Mureck, Styria. According to Rewe it will offer about 1,000 items at ...
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NewsRetail sales rise in September
Year on year retail sales, excluding petrol, rose 3.3% by value and 1.8% by volume in September the Office for National Statistics reported.
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NewsRetailers slam green "stealth tax"
Retailers have hit out at the government’s £1bn “business stealth tax” that emerged from yesterday’s spending review.
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NewsOwn brands boost Debenhams profits
Debenhams grew operating profit 7.1% to £196.1m during the year to August 28, helped by a strong performance from its own brand Designers at Debenhams range - and has announced four new designer collaborations.
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NewsTesco scales back Clubcard rewards to keep double points
Tesco is scaling back the number of Clubcard rewards offered to customers so it can continue to offer double points on their purchases.
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Grocer Stokes goes into administration
Family-owned independent grocer Stokes has gone into administration.
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News490,000 public sector jobs to go
Nearly 500,000 people will lose their jobs in the public sector over the next four years as part of the Coalition Government’s Spending Review.
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NewsMatalan reports "satisfactory" first half
Matalan has reported a “satisfactory” first half performance and confirmed that Alistair McGeorge has stepped down as chief executive.
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NewsM&S launches electricals recycling service
Marks & Spencer has today launched a service which allows customers to recycle unwanted electrical items in exchange for M&S vouchers.
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NewsPhones 4U rolls-out store systems to Dixons shop-in-shops
Phones 4U is to implement its store systems in its Dixons shop-in-shops to consolidate its multichannel business onto one IT platform to drive store revenue.