All articles by Planet Retail – Page 12
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News
Walmart reports successful Black Friday promotion
The retailer revealed it sold 1.8 million towels, 1.3 million TVs, 1.3 million dolls and 250,000 bicycles.Walmart ran three Sales events at 8pm and 10pm on Thanksgiving evening and from 5am on Black Friday itself.
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Apple launches eBay store
Consumer electronics specialist Apple has launched a store selling refurbished devices on eBay.The trial has been kept under wraps and has not been publicised by the retailer. The products are sold for the same price as equivalent items in Apple’s refurbished store on Apple.com.While Apple charges a sales tax in ...
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Otto Group acquires Neckermann.de. brand name
Otto Group has acquired the brand name and private labels of insolvent pure-play retailer Neckermann.de.The purchase includes the right to use the Neckermann trademarks, logos and internet domains in Germany. Otto Group also has the right to use Neckermann’s mailing list in Germany, although that is still subject to certain ...
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Galeries Lafayette to open first store in Istanbul
French department store group Galeries Lafayette has signed an agreement with Turkish group Demsa to open its first store in Istanbul.The shop is to be located in the city’s Boulevardi Mall and is scheduled to open in the first half of 2015.Demsa operates 110 stores in Turkey and also has ...
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Electronics specialist Darty to sell Italian business
French electronics specialist Darty is to sell its Italian business to DPS Group, while retaining a 15% stake.Darty will pay the electrical goods and services provider E3m (£2.4m) as part of the deal to offload its 20 stores. The transition will cost Darty about E11m (£8.9m). In its last fiscal ...
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Foreign Investment Promotion Board deals Ikea India a blow
Ikea’s application to enter the Indian market has been dealt a blow by the government’s Foreign Investment Promotion Board (FIPB), The Economic Times reported.The FIPB, which approved the retailer’s application last week, has blocked Ikea from setting up its Swedish food markets or restaurants within its stores. FIPB ruled that ...
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C&A rolls out click-and-collect services
Clothing retailer C&A has rolled out click-and-collect services across its operations in Germany.The service will allow customers to pick up items ordered online from any C&A store, at no extra charge. It came a week after rival retailer Karstadt unveiled a similar service.“With click-and-collect, we come one step closer to ...
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Amazon introduces Black Friday and Cyber Monday to France and Germany
Amazon has introduced Black Friday and Cyber Monday to its customers in France and Germany, with lightning deals and special offers to drive Christmas sales.As the promotion ran for its third year in the UK, ‘Le Black Friday’ and ‘Cyber Monday Woche’ entered the vocabulary of customers in Europe.Apple, Rakuten’s ...
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Walmart takes action over corruption probe
Walmart has suspended several associates of its joint venture company Bharti Walmart as part of an ongoing corruption probe.Walmart has not disclosed the nature of its inquiry or the specific allegations it is looking into.
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Grocer X5 takes steps to improve performance of Pyaterochka stores
Grocer X5 is to implement three measures to improve the poor performance of its Pyaterochka supermarkets.The retailer plans to unify its product assortment by offering 500 best-selling items in all stores.Pyaterochka will expand its fruit and vegetable range and improve its store layout and shopping experience. X5 also intends to ...
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Walmart reports third quarter sales rise
Sales at Walmart in the third quarter ended October 31 rose 3.4% to $113.2bn (£71.15bn). Net income increased 4% to $6.1bn (£3.83bn).Walmart Stores president and chief executive Mike Duke said: “Price will continue to be a major factor for US customers over the holidays. Across all of our markets, we ...
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Target reveals US retail sales increase
General merchandise retailer Target revealed that US retail sales rose 3.4% to $16.6bn (£10.43bn) for the third quarter ended October 27.The increase was attributed to a 2.9% lift in like-for-likes as well as the contribution from new stores. Like-for-like increases were driven by a strong back-to-school season, gains in food ...
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Best Buy to close stores as part of turnaround plan
Electricals retailer Best Buy will close stores on an ongoing basis as part of a turnaround plan from new chief executive Hubert Joly. Closures will be based on store size – larger shops are likely to be targeted – proximity to other Best Buy sites and profitability. Best Buy hopes ...
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Migros Ticaret reports sales increase
Grocer Migros Ticaret has reported sales of TRL1.83bn (£639m) for the three-month period ending September 30, a 13.1% increase on the same period last year. Gross profit rose by 15.2% to TRL468m (£163m).Sales benefited from store openings, as well as a focus on the private label category and fresh products.
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Spar unveils group turnover increase
Grocery retailer Spar has unveiled a 12.2% increase in group turnover to ZAR43.2bn (£3.1bn) and a 7.5% rise in trading profit to ZAR1.5bn (£107m), for its financial year ended September 30.Sales growth was helped by internal inflation of 6.1%.
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Discounter Lidl expected to open first stores in Serbia
Schwarz Group-owned discounter Lidl is expected to open its first 15 stores in Serbian cities over the next two years, Serbian trade minister Rasim Ljajic told a local newspaper.He also expects the opening of Serbia’s first Ikea store by the end of next year.The minister said it was important for ...
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Auchan to continue development in Ukraine
French retailer Auchan is to continue its development in the Ukraine without the support of joint venture partner Furshet.Furshet became Auchan’s Ukraine partner in 2007, setting up two companies to develop a hypermarket group and a series of shopping malls.
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Electricals retailer Darty reports fall in revenue
Electricals retailer Darty, formerly Kesa, reported a 2.2% fall in revenue for the six months to October 31.The drop reflected a poor performance in the retailer’s domestic market, where sales slipped 3.9%, and its developing division (Spain, Italy and Turkey), where sales fell 2.6%.Like-for-likes showed a similar pattern, falling 1.7%. ...
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Ahold reports sales increase
Sales at Ahold rose 10.8% to E7.6bn (£6.11bn) in the third quarter.Operating income was down 3.7% to E289m (£232.3m).The grocer’s net sales in the US rose 1.9% to $5.9bn (£3.71bn).
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GameStop to close 200 stores
Entertainment retailer GameStop has told investors it plans to close 200 of its less profitable stores over the next year.Chief executive Paul Raines explained that around 2% of GameStop’s US stores and 5% of its international stores are unprofitable at present. The retailer posted better-than-expected results for its third quarter ...