All articles by Planet Retail – Page 9
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News
Eroski set to restructure debt
Grocery retailer Eroski has reached an agreement with a group of 22 banks to restructure its debt, postponing to January 2017 the maturity of loans worth e2.1bn (£1.76bn).The new accord will allow Eroski to consolidate its long-term financial position, ensuring stability for the development of future projects.
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Walmart reveals plans to boost US sourcing
Walmart has revealed plans to boost the sourcing of US products by $50bn (£31.5bn) over the next decade.The retailer will buy more US products in categories such as sporting goods, clothing basics, games and paper products, and aims to encourage US production in high-potential areas such as textiles, furniture and ...
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Metro reports net sales rise
Metro reported a 1.2% rise in net sales to e66.7bn (£56bn) for the full year to December 31, 2012. Adjusted for the disposals of Makro UK and Saturn France, sales rose by 2.3%. EBIT fell to e2bn (£1.68bn) from e2.4bn (£2.01bn) in 2011.Sales at Metro Cash & Carry rose by ...
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Uniqlo to team up with Arvind Lifestyle Brands
Fast Retailing’s Uniqlo banner is to team up with Arvind Lifestyle Brands to build a $1bn (£631m) business in India by the end of the decade.The Times of India reported that Fast Retailing is finalising an equity joint venture to further expansion in the growing Indian market. A deal is ...
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Aeon opens first MaxValu supermarket in China
Japanese retailer Aeon has opened its first MaxValu supermarket in China. The new shop is in Guangzhou and Aeon plans to open 30 branches annually from 2014, to reach 200 by 2020.MaxValu supermarkets will primarily sell food and feature mostly local products, with only 5% imported from Japan.Aeon plans to ...
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Leroy Merlin DIY group to invest in new stores
Adeo’s Leroy Merlin DIY group is to invest RUB15bn (£312.2m) to open 15 stores in the central regions of Russia.A pilot store will open in Tver by the end of January. The retailer will then plan the pace of openings in other cities.General manager Vincent Gentil told Russian newspaper Izvestia: ...
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Casino reports sales growth
Casino has reported sales growth of 22.1% to e41.97bn (£35.25bn) in 2012, corresponding to a 4% organic rise (at constant consolidation and exchange rates).Fourth-quarter sales rose 3.2% to e12.9bn (£10.83bn). There was with an 8.5% rise for Casino’s international operations in Brazil, South America and Asia, compensating for a 2.2% ...
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Rakuten's Canadian Kobo ereader subsidiary exceeds market forecasts
Rakuten’s Canadian Kobo ereader subsidiary said it exceeded market forecasts during the second half of 2012.It sold more than 4 million devices during the six-month period, bringing its total number of registered users to 12 million.The company said ereader sales jumped by almost 150% in December, driven by market entries ...
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Ahold records net sales increase
Ahold recorded an 8.5% increase in net sales to E32.8bn (£27.51bn) for its full year 2012. At constant exchange rates, sales were up 3.5%.In the fourth quarter, net sales rose 7.5% to E7.8bn (£6.54bn), and US sales advanced 4.3% to $6.1bn (£3.84bn). Sales in the company’s domestic market climbed 7.7% ...
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Whole Foods Market chief executive John Mackey faces backlash from customers
Whole Foods Market chief executive John Mackey faced a backlash from customers after he likened President Obama’s health care reforms to fascism.The comment was made during an interview to promote his new book when Mackey was asked about a 2009 article in the Wall Street Journal in which he had ...
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Marinopoulos teams up with online grocer CareMarket
French retailer Carrefour’s Greek franchisee Marinopoulos has teamed with online grocer CareMarket in Greece.Carrefour’s private-label ranges will now be available through the website.Meanwhile, Carrefour Marinopoulos has launched an app for Apple and Android smartphones called Carrefour Greece, which enables customers to access discount vouchers and promotional leaflets.
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Best Buy reveals slight revenue decrease
Consumer electronics specialist Best Buy has revealed revenues of $12.8bn (£7.97bn) for the nine weeks ending January 5. That compares with $12.9bn (£8.03bn) for the nine weeks ending December 31, 2011.Turnover was down slightly because of a comparable stores sales fall of 1.4%.The performance was seen as encouraging for Best ...
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Walmart Latin America makes new appointment
Walmart has appointed Enrique Ostalé, president and chief executive of Walmart Chile, as executive vice-president, president and chief executive of Walmart Latin America.Based in Mexico City, Ostalé will assume his new role on March 1.
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Sales increase at Walmart-controlled Massmart
Walmart-controlled Massmart’s preliminary sales increased 14.6% to R36.1bn (£2.57bn) in the first half to December 23, 2012. Like-for-like sales increased 7.3%.
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Fast Retailing report net profit increase
Fast Retailing’s net profit rose 23% in its first quarter.For the September to November period, net profit increased to ¥38.4bn (£268.2m) from ¥31.15bn (£217.5m).Sales rose 17% on last year to ¥318.14bn (£2.22bn) and domestic sales increased 8% to ¥204.7bn (£1.43bn).The retailer’s sales from Uniqlo overseas rose 51.1% to ¥64.5bn (£450.4m) ...
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Carrefour's Indonesian franchisee to expand its private-label range
French retailer Carrefour’s Indonesian franchisee, CT Corp, is to expand its private-label range in responseto demand.At present the retailer offers about 3,000 private-label SKUs but needs to increase its offer to meet the 5% to 10%demand increase recorded each year.Private label represents 7.5% of the product portfolio, and 60% of ...
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Magnit reports unaudited financial results
Magnit has reported unaudited financial results. Consolidated net retail revenue increased to RUB448.49bn (£9.23bn) for the financial year 2012, up 33.6% on the previous year.Like-for-like sales grew by 8.5%, driven by 7.8% growth in basket size and a 0.6% increase in footfall.In contrast with 2011, hypermarkets outperformed supermarkets and convenience ...
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Spar reports net sales increase
Spar has reported a 3.8% net sales increase for the year to December 31, 2012 to CHF1.04bn (£705.4m).Net sales for the 170 Spar, Eurospar and Spar Express stores increased by 2.3% to CHF567m (£384.6m), despite prices being lowered by 1.2%.This year the retailer will open five new Spar supermarkets.
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Casino to enter Serbian market
Casino is to enter the Serbian market with seven supermarkets this year. The launch was enabled by an agreement between Casino and local partner Sodibal. The latter has also become official distributor of Casino products and supermarkets for the Balkan region.
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Jerónimo Martins reports preliminary sales growth
Jerónimo Martins has reported preliminary sales growth of 11.5% to E10.9bn (£9.06bn) for the full year to December 31, 2012.Like-for-like sales increased ahead of the market, despite a difficult year in Portugal and a slowdown in the Polish economy.In Poland, Jerónimo Martins-owned Biedronka posted sales growth of 18% in local ...