All articles by Planet Retail – Page 2
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News
Sales at Jerónimo Martins rise in first quarter
Sales at Jerónimo Martins rose 15.6% in its first quarter to €2.8bn (£2.41bn). Net profit reached €75m (£64.5m).Sales at its Polish discount chain Biedronka rose 20%, while sales at the main Portuguese business, Pingo Doce, were up 5.3%.“The first quarter provides a good basis for another year of growth,” said ...
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Sales at Safeway slip during first quarter
Sales at Safeway slipped to $9.99bn (£6.62bn) during the first quarter ended March 23, from $10bn (£6.31bn) the previous year.Net income increased 63.1% to $118.9m (£78.8m). Identical store sales were up 1.5% during the period, including a 0.4% positive impact because of a calendar shift, meaning New Year holiday sales ...
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Supervalu reports year-on-year net sales decline
Supervalu has reported net sales of $3.89bn (£2.58bn) and a net loss of $1.41bn (£934.4m) for its fourth quarter ended February 23.The 2.3% year-on-year decline in net sales primarily reflects a decrease in identical store sales of 4.1% for retail food and 2.6% for the Save-A-Lot discount chain.In March, Supervalu ...
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Former Sun European operating partner Frank Maassen to join But
Former Sun European operating partner Frank Maassen has been appointed director-general of French furniture and electricals chain But.Maassen has worked across the electricals, homewares and furniture sectors including at furniture specialists ScS and Sharps Bedrooms. He replaces Regis Schultz who left to become chief executive of Darty.
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Clicks Group reports turnover increase
Clicks Group’s turnover increased 11% to ZAR8.5bn (£614.4m) in the first half of its financial year ended February 28.Clicks’ drugstore turnover rose 7% to ZAR5.6bn (£404.8m), while the number of stores reached 430.Operating profit at the group’s music and video chain, Musica, increased 27.3% despite the closure of eight outlets.However, ...
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Convenience store group CP to acquire Siam Makro
Convenience store group CP All has signed an agreement to acquire Dutch SHV Makro-owned Siam Makro in Thailand.CP All, controlled by Dhanin’s Charoen Pokphand Group, will pay THB787 (£17.72) a share for 64% of Siam Makro, a total of THB188.88bn (£4.25bn). The acquisition is subject to shareholder approval.CP All is ...
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Lekkerland's reports net sales increase
Lekkerland’s net sales increased €127.2m (£109.4m) to €11.48bn (£9.87bn) during its 2012 financial year.The figures were adjusted for a discontinued operation in Eastern Europe. The group’s net profit rose 58% during the year to €80.3m (£69.1m), because of strong earnings in Germany. “We have a positive outlook for the future,” ...
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DIY retailer Praktiker reports sales decrease
Sales at DIY retailer Praktiker fell 10.4% to €570.1m (£490.3m) during its first quarter ended March 31.Like-for-like sales slid 8.8%. Figures exclude the business in Turkey, which is at present in administration, and the Bâtiself banner in Luxembourg, which is to be divested.Sales in Germany declined 9.9% to €457.7m (£393.6m), ...
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Walmart begins marketing selected new brand launches
Walmart has begun marketing selected new brand launches using more experiential promotional tactics.There will be increased promotional events in Walmart parking lots and outside stores in ‘mobile brand boxes’.Initiatives could range from interactive simulators and games to pop-up demonstration areas.
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Carrefour aims to roll out Courses Éco discount corners
Carrefour aims to have 30 of its in French hypermarkets by year-end, reports LSA.Courses Éco will only be rolled out in relevant stores in less affluent areas.
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Gap to franchise Old Navy internationally
Gap will begin franchising Old Navy internationally from next year.“Over the next five years, key to our continued success will be pushing the envelope further to make shopping seamless to customers through our digital strategy, while seizing the opportunity for Old Navy in untapped international markets,” said chief executive Glenn ...
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JCPenney unveils plans to enhance financial position
Troubled department store group JCPenney has unveiled plans to enhance its financial position, having burned through $10m (£6.56m) in the fiscal year ended February 2, prompting liquidity concerns. As part of the process, the retailer has drawn $850m (£556.7m) from its $1.85bn (£1.21bn) committed revolving credit facility. Proceeds will fund ...
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Discounter Lidl to invest in Portuguese stores
Schwarz Group-owned discounter Lidl is investing E45m (£38.5m) in Portugal this year in store refurbishments and improved infrastructure.Of the sum, E15m (£13m) will go into new headquarters in Sintra, construction of which will start in June. When completed next year, there will be a staff of 250 working in central ...
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H&M moves closer to Indian debut
H&M is moving closer to its Indian debut.Having consulted the Indian government, the value fashion retail giant is likely to propose an initial investment of around INR700 crore (£85m) in the country. H&M said it would comply with the investment rules for single-brand retailing, including the mandatory 30% local sourcing, ...
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Discounter Sok to buy Spanish retailer Dia's Turkish business
Discounter Sok has reached an agreement to buy all of Spanish retailer Dia’s business in Turkey for TRY320m (£116.1m).The transaction is subject to the approval of Turkish antitrust authorities.
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Delhaize Group's takeover bid of C Market on hold
Belgium-based grocer Delhaize Group’s talks with the Serbian government regarding a takeover of the latter’s stake in C Market stores are on hold.The reason given was that the authorities are investigating C Market’s original flotation on the Belgrade Stock Exchange in 2005 as part of a review of the sale ...
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Amazon poised to launch services in Russia
US ecommerce giant Amazon is poised to launch its services in Russia, where it is opening an office.Amazon has reportedly hired Arkady Vitrouk, the former general director of publishing house Azbuka-Atticus, to head operations.It indicates the likelihood of Amazon initially entering the market with its Kindle ereader, as it did ...
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Rewe Group to invest in small online companies
Rewe Group is to invest in small online companies to gain ground in ecommerce.“We want to establish sort of a business incubator for start-ups,” chief executive Alain Caparros told business title Wirtschafts Woche. He said that Rewe may have underestimated the dynamics of online operations.Rewe also wants to extend its ...
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Régis Schultz begins role as chief executive of Darty
Régis Schultz, the new chief executive of electricals firm Darty, has taken up the role a week early as the retailer presses ahead with its turnaround plan.Schultz, who previously ran French furniture and electricals retailer BUT, which is part-owned by OpCapita, started on Tuesday, earlier than the original date of ...
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Amazon to launch Appstore for Android in almost 200 countries
Amazon has revealed plans to introduce its Appstore for Android to almost 200 countries in the coming months, as it seeks to boost digital content revenue and take on rivals such as Apple and Google.Developers are being invited to submit apps for distribution in countries including Australia, Brazil, Canada, South ...