All articles by Planet Retail – Page 14
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News
Cora to expand in Romanian cities
Belgian grocer Louis Delhaize’s hypermarket store chain Cora is to expand in Romanian cities with more than 100,000 inhabitants, Capital reports.The retailer is to open its ninth hypermarket in the country on November 8 and plans another outlet in Bucharest by the end of the year. It is investing E60m ...
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H&M opens first shop in Latin America
Swedish fashion retailer H&M has opened its first shop in Latin America in Mexico, at Centro Santa Fe mall.The 45,000 sq ft flagship is the first H&M store to have a Quality Lab. The lab will feature extensive product testing, such as washing and safety, which will be carried out ...
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Carrefour to open 400 drive-throughs
Carrefour is to open 400 drive-throughs across its domestic market by the end of 2013.At present the grocery giant operates 177 drive- through outlets: 102 are linked to its Carrefour Market supermarkets, 68 are attached to Carrefour Hypermarkets and seven are standalone drive- throughs. The majority of the additional openings ...
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Coles Group reports net sales increase
Coles Group has reported that net sales at its Coles division – food and liquor plus convenience outlets – rose 4.2% to Aus$8.44bn (£5.44bn) in the quarter ending September 30.Food and liquor sales were Aus$6.6bn (£ 4.25bn), up 4.9% on the previous corresponding period. Comparable food and liquor store sales ...
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Carrefour reportedly in talks with Japanese retailer Aeon
French grocer Carrefour is reportedly in talks with Japanese retailer Aeon about selling its Malaysian operation.Carrefour operates 26 hypermarkets in the country. The retailer is refocusing its operations on key markets and recently withdrew from Greece, Singapore and Colombia.In September, Aeon denied being in talks about acquiring Carrefour’s Malaysian business.
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Walmart plans to open 100 more stores in China
Walmart plans to open 100 more stores in China, creating 18,000 jobs, in the next three years.The retailer said the new stores will primarily be Walmart Supercenters and Sam’s Clubs. Walmart also intends to focus on improving the performance of stores and supply chain efficiency.
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Inditex plans 50 to 60 Russian store openings
Spanish clothing retailer Inditex aims to open 50 to 60 stores a year in Russia.The shops will open in major cities, with the first scheduled for 2013 in Vladivostok, in the Russian Far East.Inditex operates 274 stores in Russia at present – 58 under the Zara banner and the remainder ...
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Auchan unveils plans to open two hypermarkets a year in Ukraine
Each store will require an investment of about E20m (£16.1m).The French retailer said as many as 10 stores could eventually be opened in the capital Kiev, and two are planned for 2014. It is also targeting cities such as Donetsk, Kharkiv and Odessa.No openings will take place next year because ...
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Amazon records third quarter net loss
Amazon recorded a net loss of $274m (£170.1m) for its third quarter ending September 30, against a net profit of $63m (£39.1m) a year earlier. Sales rose 27% to $13.81bn (£8.57bn).It was Amazon’s first quarterly loss since 2003 and included a charge of $169m (£104.9m) related to writedowns at daily ...
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Grocer Kroger to test shopper reward app
Grocer Kroger will test an app from software company Earn & Play that rewards shoppers with cash and discounts for playing games during grocery store visits. Customers will be able to open the app when they go shopping and select a particular aisle or product. The app will then ask ...
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Quidsi to launch two new ecommerce sites
Amazon-owned Quidsi is to launch two new ecommerce sites targeting busy parents.Afterschool.com will offer 50,000 products ranging from baseball bats and ballet shoes to art supplies. Bookworm.com will offer children’s books.Both sites offer free shipping on orders of more than $49 (£30.55). They complement existing Quidsi ecommerce sites, which include ...
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Target to offer price-matching in bid to compete with online retailers
General merchandise retailer Target will offer price-matching during the holiday season to compete with online retailers.The initiative will run from November 1 to December 16 and will include Amazon.com, Walmart.com, Bestbuy.com, Toysrus.com and Babiesrus.com.
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Amazon in acquisition talks with bookseller Saraiva
Amazon is in acquisition talks with Brazilian bookseller Saraiva, according to sources.Saraiva is based in São Paulo and sells through stores and online. It is thought Amazon could leverage the deal to establish itself in the fast-growing Brazilian ecommerce market.Amazon declined to comment.
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Walmart de México reports total revenue increase
Walmart de México has reported total revenues up 11.3% to pesos99.8bn (£4.49bn) in the third quarter. Net income increased 11.1% to pesos5.3bn (£237m) over the period. EBITDA rose 14.7% to pesos9.4bn (£420m).At present Walmart de México operates 2,868 outlets. There have been 151 store openings to date this year.
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Coles Group abandons My5 grocery discount
Coles Group has abandoned its My5 grocery discounts in order to target more offers to its customers.My5 was introduced in April as part of the relaunch of the FlyBuys loyalty scheme and offered daily discounts of 10% off five grocery items when shoppers spent more than Aus$50 (£32.21). Coles said ...
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360buy has launches international website
Etailer 360buy has launched an international website aimed at foreign consumers.The English website on the en.360buy.com platform made its debut this month. The site will ship to 36 countries and offers almost 400,000 new products, many with free shipping.360buy chairman Liu Qiangdong said: “Anywhere in the world where DHL or ...
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Vester sells hypermarkets to Lenta and Magnit
Kaliningrad grocer Vester has sold its hypermarkets in European Russia to Lenta and Magnit, having been unable to find a single buyer.Lenta bought four stores in Yaroslav, Voronezh and Orenburg, while Magnit acquired three stores in Voronezh and Belgorod.Vester, which is owned by its creditor Sberbank Capital, will keep its ...
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Grocer Kroger reveals future growth streams
Grocer Kroger has revealed it intends to pursue several future growth streams, including new store expansion – adding stores in both existing markets as well as entering new territories. It also plans to test new formats and enhance its multichannel capabilities. While most growth will be organic, the retailer has ...
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Sales increase at German drugstore group DM
German drugstore group DM’s corporate sales increased 11.3% to E6.87bn (£5.59bn) in its financial year ended September 30. Compared with the previous year, DM’s German turnover increased 14% to E5.11bn (£4.16bn).In its home country, the retailer was operating 1,345 drugstores, which is an increase of 89 stores on last year.Overseas, ...
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Monoprix signs franchise agreement with Mabrouk
Casino’s subsidiary Monoprix has signed a franchise agreement with Mabrouk in Morocco to open about 15 Monoprix and Monop stores in the country’s main cities between late 2013 and 2015.Casino and Mabrouk already have a similar agreement in Tunisia, where stores are operated by SNMVT.