All articles by Planet Retail – Page 5
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News
Jerónimo Martins opens first stores in Colombia
Portuguese retail conglomerate Jerónimo Martins has opened its first five stores in Colombia, in the cities of Pereira, Santa Rosa de Cabal and Armenia.The outlets operate under the new Ara banner and are neighbourhood discount stores located in residential areas. Their average sales area ranges from 3,230 sq ft to ...
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Grocer Rewe Group records sales climb
The country’s second largest grocer Rewe Group’s sales climbed 2.7% to E49.7bn (£42.55bn) in its 2012 financial year.Turnover rose 2.4% in its domestic market and 3.6% abroad. The group’s store base shrank 1% to 15,538, mainly due to adjustments of the network, particularly for chains Penny in Germany and Billa ...
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French sports retailer Oxylane’s Decathlon to enter Austria
French sports retailer Oxylane’s Decathlon could buy Austrian retailer Sport Eybl to enter the country, according to reports in local trade magazine Format.The retailer has 52 Sport Eybl and Sport Experts stores in Austria, and is reportedly up for sale.
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Department store operator Myer reports solid first-half
Department store operator Myer’s first-half sales increased 1.7% to AUD1.73bn (£1.19bn) and 1.4% on a like-for-like basis.Net profit after tax edged up 0.7% to AUD87.9m (£60.4m).Myer chief executive Bernie Brookes said the business had delivered a solid first-half result, including a strong second quarter, which reflected a well-planned and executed ...
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BIM reveals details of imminent entry into Egypt
Turkish hard discounter BIM has revealed details of its imminent entry into Egypt.Speaking to the Financial Times, BIM chief financial officer Haluk Dortluoglu said the retailer intends to source 80% of its range from local small and medium-sized businesses.“We’ll use a similar concept and layout [to Turkey], carrying 500 to ...
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Bharti Walmart puts Indian expansion on hold
Walmart’s joint venture in India, Bharti Walmart, has put its expansion plans on hold as a result of an anti-bribery probe into the grocer’s investments and operations in the country.A Bharti Walmart spokeswoman said: “There had been some delays in store openings as the company developed and implemented enhanced procedures ...
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Casino to face French Competition Authority review
Casino is facing a review by the French Competition Authority (FCA) over its takeover of Monoprix from former joint-venture partner Galeries Lafayette.The grocery group notified the authority of the final takeover of Monoprix on February 6. However, the FCA has now stated that “such an operation raises serious doubts over ...
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Amazon appoints vice-president of European operation
Amazon has appointed Ezequiel Szafir to the role of vice-president of its European operation.Szafir has been managing director of Spanish clothing retailer Cortefiel since 2009 and will take up his position at the end of March.The appointment is aimed at reinforcing the online giant’s position in Europe. It also hints ...
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Adeo claims 2012 results make it European DIY leader
Adeo has claimed its 2012 results now make it the European DIY leader, ahead of UK-based Kingfisher, which announces its 2012 results later this month.The owner of the Leroy Merlin banner reported that sales rose 8.3% to E14.9bn (£12.76bn) for the year, driven by a 3.4% rise in like-for-like sales. ...
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Discount banner Rema 1000 reports sales growth
Discount banner Rema 1000 grew sales by 19.5% in Norway and Denmark during 2012.The business boosted owner Reitangruppen’s net sales by 12.4% to NOK71.7bn (£8.18bn) for 2012. EBITDA increased by 19.8% to NOK2.17bn (£247.6m).Revenue growth was also lifted by Reitan’s acquisition of more than 1,000 kiosks in Finland and the ...
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Gross sales rise at grocer Mercadona
Mercadona’s gross sales rose 7% to E17.8bn (£15.55bn) in 2012. Net income also increased 7% to E508m (£443.7m).The grocer invested E650m (£567.7m) to open 60 stores and hired 4,000 employees during the year, giving it a total staff count of 74,000.Mercadona is reportedly postponing global expansion.
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Target opens first three Canadian stores
Target has opened its first three Canadian stores in Guelph, Milton and Fergus in the state of Ontario.The openings are intended as a pilot to prepare systems, train team members and determine operational readiness as the retailer prepares for the soft opening of 24 stores in Ontario later this month.Target ...
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EBay's new courier service attracts major US retailers
eBay’s new courier service, eBay Now has attracted major US retailers such as Target, Best Buy, Walgreens and Macy’s, reported Mashable.The service launched in October last year and is now available in San Francisco, New York and San Jose. The service allows shoppers to order items for same-day delivery throughout ...
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Uniqlo plans to expand in Thailand
Japanese fashion retailer Uniqlo plans to increase its outlets in Thailand to 100 by 2021, from six boutiques at present, reported The Nation.The first location will be the Promenada Resort Mall in Chiang Mai.Eight to nine new Uniqlo outlets are scheduled to open in 2013, including four by August at ...
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Delhaize Group's operating profit plummets
Delhaize Group’s operating profit plummeted 52% to E390m (£340.6m) in 2012. EBITDA fell 14.5% to E1.3m (£1.1m), mainly because of a store portfolio optimisation charge during the first quarter.Aside from the optimisation, the group said selling, general and administrative costs amounted for 21% of revenues.
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Mothercare Australia launches deep discounts in a bid to avoid closure
Troubled parent and baby specialist Mothercare Australia has launched a Sale at its branches, offering discounts of up to 40% as it tries to save itself from closure.The retailer, which entered administration in January, will run its Sale “in conjunction with the administrators’ continuing efforts in negotiating a sale of ...
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Walmart launches online product range
Walmart has launched an online range of products from small and medium-sized enterprises owned by women on its website, to support economic empowerment.More than 200 items, from jewellery and iPad cases to coffee beans and clothing, will be sold on the Empowering Women Together section of Walmart.com.The range comes from ...
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Otto Group records rise in revenue
Online and mail order specialist Otto Group recorded a 2% rise in revenue to E2.1bn (£1.83bn) for the year to February 28, 2013.While not disclosing figures, the company said that it achieved its highest profit in a decade and that 80% of sales now come from ecommerce.Otto is restructuring its ...
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Migros Basel shelves expansion plans
Migros Basel, a co-operative of Swiss grocer Migros, has shelved expansion plans for Germany for the indefinite future.In an interview with Bilanz magazine, Migros chief executive Herbert Bolliger said Migros Basel’s expansion strategy had not worked.Migros entered the German market in 1995, but operates only four Migros stores in the ...
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Grocer Coop plans to convert to Rewe banner
Grocer Coop is planning to convert its outlets to Rewe Group’s Rewe banner, Lebensmittel Zeitung reported.Rewe Group and Coop have been buying partners for several years. Additionally, Rewe Group has a silent partnership in the retailer, which is located in northern Germany. Rewe Group will make the most of the ...