All articles by Planet Retail – Page 6
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Discount retailer Dia plans further expansion in Brazi
Spanish neighbourhood discount retailer Dia is to expand further in Brazil.The retailer, which became independent from French Carrefour in mid-2011, aims to accelerate expansion to 100 new openings, compared with 81 last year.
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Best Buy to cut 400 jobs in cost saving initiative
Electronics retailer Best Buy is cutting 400 jobs at its Richfield, Minnesota headquarters in an effort to save $150m (£99.6m).Store assistants will not be included in the restructuring and no store closures are planned.However, additional cost-reduction initiatives are likely to follow over the rest of the year.Separately, the retailer has ...
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Department store Macy's reports solid performance for 2012
Department store group Macy’s reported a solid performance in 2012 on the back of strong online growth.For the full year, sales reached $27.69bn (£18.38bn), an increase of 4.9% on the previous year. Like-for-like sales, which strip out an extra week in fiscal 2012, increased 3.7%, beating company guidance.Online sales from ...
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H&M reportedly in discussions to open first store in the Philippines
H&M is reportedly in discussions to open its first stores in the Philippines.The Swedish fashion retailer is in negotiations with local franchisor SM Retail, although talks are believed to still be in the early stages.If an agreement is signed, it would be SM’s third major global clothing brand after Forever ...
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Grocery retailer Auchan reveals new supermarket format
Grocery retailer Auchan has revealed its long-awaited new supermarket format dedicated to fresh and gourmet food.It has been branded Arcimbo, after the Italian Renaissance painter Arcimboldo.
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Carrefour Express to adopt new franchise model
Carrefour Express is to adopt a new franchise model in Greece. The French grocery retailer’s franchisee in Greece, Marinopoulos, plans to franchise 20 to 25 stores a year under the model.The franchises can last for a maximum of seven years, but the agreement can be extended.The initiative is likely to ...
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Schwarz Group ramps up Spanish investment
Germany-based Schwarz Group is ramping up its operations in Spain and has earmarked a sum of E120m (£103.6m)for investments in its Spanish Lidl network this year.That is 20% more than last year, when the retailer opened 14 stores and remodelled another 65 in Spain.
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Carrefour's franchisee Label'Vie to invest in Morocco
French retailer Carrefour’s franchisee Label’Vie plans to invest MAD800m (£62.1m) in Morocco.The investment programme will focus predominantly on smaller cities. Two Carrefour hypermarkets are to open in Fez and Oujda, close to the border with Algeria.Following the rebranding of its cash and carry Carrefour Maxi banner to Atacadão, five new ...
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Printemps owner, Borletti Group enters talks with Qatari Holdings
The owner of the French department store group Printemps, Italy’s Borletti Group, has entered exclusive talks with Qatar’s sovereign wealth fund, Qatari Holdings (owner of Harrods in the UK) to discuss a takeover.However, last week the tussle for Printemps took a new turn. France’s largest department store group, Galeries Lafayette, ...
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Grocery retailer Ahold reports profit decrease
Grocery retailer Ahold’s 2012 profits were hit by increased pension costs and restructuring charges at its US operation.For the full year, net income fell 18.7% to E827m (£713.6m). Fourth-quarter operating income included pension costs of E88m (£75.9m) in the US and Europe, and E26m (£22.4m) of impairment costs primarily related ...
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Walmart records solid trading for fourth quarter
Walmart recorded solid trading in its fourth quarter. In the 13 weeks to January 25 group net sales increased by 3.9% to $127.1bn (£84.13bn). Group income from continuing operations rose 7.9% to $5.6bn (£3.71bn).Much of the growth was driven by overseas operations. Walmart International reported a 6.9% increase in fourth-quarter ...
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Walmart to continue expansion drive in Mexico and Central America
Walmart plans to continue its expansion drive in Mexico and Central America this year.The retailer will invest between MXN17.3bn (£902.4m) and MXN17.9bn (£933.7m) in the region this year to expand and modernise. That would be at least MXN2.5bn (£130.4m) higher than investments made in 2012.
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Cencosud to invest in South America with new store openings
Retail group Cencosud has revealed it will invest $731m (£483.8m) in South America this year, opening a total of 58 new stores with the aim of reaching sales of $22.5bn (£14.9bn) by the end of 2013.The retailer plans to increase its sales area by about 5%. The outlay represents a ...
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ShopRite posts first half sales growth
ShopRite has posted sales growth of 13.8% to R46.7bn (£3.5bn) for the first half ended December 31, 2012.The Sub-Saharan grocery market leader also revealed an increase of 16% in trading profit to R2.5bn (£187.4m). Net profit rose 19.6% to R1.7bn (£127.4m).In South Africa, the retailer increased turnover by 11.5% to ...
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H&M considers India store openings
H&M is considering opening stores in India to tap into growing opportunities after recent government liberalisation measures.H&M said it was preparing to apply to launch wholly owned subsidiaries in the country. It aims to cater for a growing urban middle-class keen for Western-lifestyle products. In a statement released by the ...
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Alfamart launches new online shopping service
Convenience group Alfamart has launched alfaonline.com, a new online shopping service.Alfamart IT director Bambang Setiawan Djoj said: “Alfamart is the first convenience store retailer in Indonesia that has launched an ecommerce site.”Customers can have goods delivered to their homes or visit their nearest Alfamart store. The service is available at ...
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Zalando reports revenue increase
Online shoe and fashion retailer Zalando’s revenues increased 125% to E1.15bn (£1.01bn) in 2012.Preliminary EBIT loss widened to E90m (£79.2m) after a loss of E60m (£52.8m) in the previous period.The retailer said it broke even at EBIT level in Austria, Germany and Switzerland.
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Oxylane's Decathlon chain to roll out new Decathlon XS fascia
French leisure retailer Oxylane’s Decathlon chain in Poland is to roll out a new banner called Decathlon XS in the first quarter of this year.The fascia is to open at retail park Galerii AKS Carrefour in Chorzów, southern Poland.
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Metro Cash & Carry launches new price-focused format
Metro Group-owned Metro Cash & Carry in Italy has launched a new price-focused format in Chieti province, Abruzzi.The store in Sambuceto, originally opened in 1998, has been refurbished to the new model trading under the Metro Piazza Affari banner. The pilot store features prices on average 14% lower than in ...
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Turnover soars at Casino in 2012
Casino’s turnover soared 22.1% to E41.97bn (£36.91bn) in its full-year 2012 compared with 2011. Net profit climbed 84.4% to E1.07bn (£941m) thanks to the consolidation of its grocery subsidiary GPA in Brazil.In France, the retailer recorded a slight decline in turnover of 0.8% at constant exchange rates excluding petrol, to ...