All articles by Planet Retail – Page 15
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News
Grocer Safeway posts net income decrease
Grocer Safeway posted net income from continuing operations for the third quarter ended September 8 of $108m (£67.2m) compared with $130.3m (£81m) in the same period last year.Total sales and other revenue, including US and Canadian operations, were flat at $10bn (£6.22bn).Higher fuel revenues helped counter lower sales due to ...
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Costco reports net income increase
Costco reported that net income for the fourth quarter ended September 2 increased by 27% to $609m (£378.7m).Net sales climbed 14% to $31.52bn (£19.6bn). Like-for-like sales were up 6% in the US and 2% in Costco’s international division.
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Grupo Pão de Açúcar posts sales growth
Casino’s Brazilian operation Grupo Pão de Açúcar posted sales growth of 8.7%, or 7.1% in like-for-like terms, to BRL13.7bn (£4.17bn) for the third quarter of 2012.According to the retailer, it was mainly because of the strong performance of the Assai, Minimercado Extra and Ponto Frio banners.
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Walmart to team up with small and mid-level Indian suppliers
Walmart plans to team up with small and mid-level suppliers in India on sourcing various product categories.The partnership arrangement will enable the retailer to create private labels that will be priced as much as 10% to 15% lower than established brands. Private labels are already being sold in its BestPrice ...
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Fast Retailing reports net income increase
Fast Retailing posted a 31.8% increase in net income for the year ended August 31.The clothing retailer revealed that group net profit surged to ¥71.65bn (£568.6m) compared with ¥54.35bn (£431.3m) the previous year.Sales rose 13% to ¥928.67bn (£7.37bn) from ¥820.35bn (£6.51bn). Operating profit increased 8.7% to ¥126.4bn (£1bn) from ¥116.37bn ...
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Massmart must invest in supplier development fund
Walmart-controlled Massmart must invest up to R200m (£14.4m) in a supplier development fund over the next five years, South Africa’s Competition Appeal Court has ruled.The sum does not include the R40m (£2.9m) which Massmart has previously committed but not yet disbursed to its supply development fund.
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X5 Retail Group reports net retail sales increase
X5 Retail Group reported a consolidated net retail sales increase of 10.4% to RUB115.88bn (£2.33bn) in its third quarter.The increase was driven by sales growth at Pyaterochka and to a lesser extent by store growth at its supermarkets and promotions.X5’s like-for-like sales in quarter three declined by 0.7%, driven by ...
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Migros Zürich to takeover German grocer Tegut
Migros Zürich, a co-operative of Swiss retailer Migros, is to complete a takeover of German grocer Tegut by January 2013.Tegut operates about 290 outlets in Germany. In 2011 it generated sales of e1.17bn (£944m). Migros Zürich said the takeover will strengthen its business.
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Carrefour launches more targeted discount vouchers
Carrefour has launched more targeted discount vouchers in its 1,200 domestic hypermarkets and supermarkets.The retailer is now offering shoppers a voucher on a branded product, based on their shopping behaviour and purchasing history in the store. Targeted vouchers totalling several million euros will be distributed in its stores. Each voucher ...
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Walmart discloses capital plan for 2014
Walmart has disclosed that its capital plan for fiscal 2014 (calendar year 2013) will range from $12bn (£7.5bn) to $13bn (£8.1bn), slightly lower than the $12.6bn (£7.8bn) to $13.5bn (£8.4bn) expected to have been invested in the current fiscal year.The capital expenditure budget includes new store growth and supply chain ...
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Ikea Italy sales fall 2.6%
Sales at Ikea Italy fell 2.6% to e1.6m (£1.3m) in the year ended August 30, the retailer’s first ever year-on-year decline since entering Italy in 1989.Ikea has 20 stores and more than 46 million visitors annually. It plans to invest e400m (£322m) over the next three years in new openings ...
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Marinopoulos opens first Macedonian hypermarket
Carrefour’s Greece-based franchise partner Marinopoulos has opened its first hypermarket in Macedonia, in the capital Skopje.Located in the country’s largest commercial centre, City Mall Skopje, the store has a sales area of 40,900 sq ft. The shopping mall is located in Skopje city centre and hosts 150 stores.
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Carrefour Romania rents stores from Aliment Murfatlar
Carrefour has rented six stores from local retailer Aliment Murfatlar, newspaper Piatahas reported.The stores in the city of Constanta will be rebranded as Carrefour Market. The deal will establish Carrefour’s supermarket presence in the city, where its competitor Delhaize Group operates five Mega Image stores.
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H&M opens first store in Thailand
Swedish fashion retailer H&M has opened its first store in Thailand. The shop is in Bangkok at the Siam Paragon mall.The 34,400 sq ft shop stocks H&M’s complete range. The retailer plans to open two more stores in Bangkok. H&M in Thailand is operated by Hthai (Thailand).
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Louis Delhaize acquires stake in France-based Monnier Frères
Grocery retailer Louis Delhaize has acquired a majority stake in France-based Monnier Frères, an online women’s luxury accessories shop, food magazine Linéaires has reported.Louis Delhaize paid e3.5m (£2.8m) for the stake and is to invest another e3.5m in developing the business internationally, especially in the US and Asia. At present ...
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Belgian retailers accused of price fixing
Seven leading Belgian retailers and 11 suppliers of household goods and health and beauty products are suspected of having fixed prices for years, according to Belgian competition authority, Conseil de la Concurrence.According to several local media reports, Carrefour, Colruyt and Delhaize Group are among the retailers under investigation, while Beiersdorf’s ...
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PPR to sell Fnac book and electronics chain
Luxury group PPR plans to sell its Fnac book and electronics chain as well as La Redoute, according to the Journal du Dimanche.The retailer is forging ahead with plans to divest both retail divisions in order to focus on its core luxury goods business.
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Carrefour developing a ‘Courses Éco’ corner
Carrefour is developing a ‘Courses Éco’ corner dedicated to its entry price products in a handful of Paris and northern France stores.The initiative echoes Auchan’s own discount zone, with 400 SKUs across food, household and health and beauty. The assortment also includes around 20 products in bulk, alongside a broad ...
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Kohl’s strikes partnership with designer Derek Lam
Kohl’s has struck a partnership with designer Derek Lam, who will be the second contributor to the retailer’s DesigNation limited edition collection.Kohl’s chairman, president and chief executive officer Kevin Mansell said: “On the heels of announcing our first DesigNation collection that will launch on November 7 with Narciso Rodriguez, and ...
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RadioShack chief executive James Gooch steps down
RadioShack has announced that chief executive James Gooch has stepped down with immediate effect. The board is looking for an executive search firm to find his successor.It has not ruled out hiring internally.Executive vice-president and chief financial officer Dorvin Lively will be interim chief executive.