All Europe articles – Page 41
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News
Abercrombie & Fitch to enter the Italian market
Casual luxury US clothing retailer Abercrombie & Fitch has entered the Italian market, opening its first store in Milan.The flagship store trades from 32,290 sq ft spread over two floors and features a 5,380 sq ft Abercrombie Kids section. A spokesperson for the retailer said the brand should appeal to ...
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Tengelmann confirms 200 redundancies
Retail giant Tengelmann has confirmed that it will make 200 redundancies in Germany.The redundancies will affect the retailer’s supermarket chain Kaiser’s Tengelmann (183 employees) and head office in Mülheim. The latter job cuts are due to the sale of discount banner Plus to Edeka.The Kaiser’s Tengelmann redundancies will affect the ...
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GalleryStore of the week: Tesco – My Narodni Prague
Tesco has opened its second department store in the Czech Republic, after its debut in the northern city of Liberec in March.
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Carrefour reports sales rise
Carrefour has reported that sales for its third quarter reached E23bn (£21bn), a rise of 0.5% excluding petrol and at constant exchange rates.In France, market share gains were driven by the strong performance of Carrefour Market – where like-for-likes increased 6% excluding petrol – and the success of Carrefour-branded products. ...
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Casino’s consolidated net sales contracted by a reported 1.4%
Casino’s consolidated net sales contracted by a reported 1.4% in the third quarter of 2009, on the back of a 2.6% decline in the first half.Reported sales in France were down 5.3%, a performance in line with the first-half trend.Overseas, reported growth came to 6%, up from 2.4% in the ...
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News
Carrefour facing pressure from its largest investors
Carrefour is facing pressure from its largest investors, Colony Capital and billionaire Bernard Arnault, to sell its operations in Asia and Latin America.The call follows a drop of close to 30% in the value of Carrefour stock since the shareholders came on board in 2007.A source close to the board ...
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Rewe Group to acquire Coop Germany’s Sky supermarket network in the south
Retail conglomerate Rewe Group is to acquire Coop Germany’s Sky supermarket network in the south of the country, comprising 39 Sky stores as well as a warehouse and office premises in Ulm.The acquisition sees Rewe strengthen its presence in Baden-Württemberg and Bavaria. The Sky stores generate around E150m (£137.8m) of ...
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Metro Group sees first signs of a recovery in Eastern European markets
Metro Group has said it is seeing the first signs of a recovery in its Eastern European markets. However, chief executive Eckhard Cordes also warned of tough times ahead in the retailer’s home market of Germany.He said the crisis was not over yet and pointed out that Europe’s largest economy ...
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NewsHabitat launches Europe marketing capaign with Helena Christensen
Furniture and homewares retailer Habitat is launching a marketing campaign across Europe featuring supermodel Helena Christensen.
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News
Carrefour launches campaign
Carrefour has launched a campaign highlighting six menu ideas at less than e1 (86p) per person.Produced by Publicis, the campaign will run on TV and in the grocer’s 1,200 French stores.The menus, made using Carrefour own-branded products, are intended “to reduce the daily food bill while purchasing power is at ...
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News
Conforama to test smaller format called Confo Deco
PPR-owned household goods retailer Conforama is to test a new smaller format called Confo Deco, the first of which is expected to open in France in the first half of next year.Confo Deco will cover about 5,380 to 8,610 sq ft and focus on home decoration. Stores will be located ...
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News
Casino receives acquisition offer from Jumbo
Supermarket Super de Boer, owned by French retail group Casino, has received an acquisition offer from family-owned Dutch grocer Jumbo worth €482m.The board of Super de Boer are assessing the offer, while Casino, which owns about 57% of Super de Boer’s shares, supports the offer.If completed, the deal would represent ...
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AnalysisBrussels sprouts: the EU's retail plans
The big decisions on retail are now taken in Europe and with proposals including a single set of consumer rights in the offing, Sara McCorquodale reports from Brussels on the EU’s retail plans
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GalleryStore of the week: Manolo Blahnik, Dublin
If there’s one thing that upscale shoemaker Manolo Blahnik is famous for, it has to be killer heels. This is the purveyor of footwear that leaves women feeling empowered and men emasculated with dizzyingly high heels being de rigeur.
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News
Auchan create new concept in Russia
French retailer Auchan has created a new concept in Russia called Raduga, which translates as Rainbow.The stores, which are between 5,000 and 7,000 sq m, will be price-orientated discount superstores. Two stores are planned to open in Kalouga and Penza by the end of the year.With this new banner, Auchan ...
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OpinionUK shopping centres lead the way
For retailers coming into the European market, the UK’s shopping centres are the most appealing place to start.
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OpinionHas the hypermarket had its day?
Once upon a time, there was an era when the hypermarket format was exciting. Indeed, each hyper opening caused a frisson.
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News
FD Lab to launch its own toy brand in Moscow store planned for Hamleys
Retail franchise company FD Lab will launch its own toy brand in the Moscow store Hamleys was planning to make its Russian debut in until talks with FD Lab fell through last month.Skazka, which roughly translates to “fairy tale”, was developed in a matter of weeks and the four-floor store ...
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Auchan has signed an €800m loan
Retail conglomerate Auchan has signed an €800m (£686m) loan after taking double the launch amount.Syndication proved to be straightforward for the supermarket group, which raised more than €1.3bn (£1.1bn) from the market. HSBC, Intesa, Sanpaolo, Natixis and Santander led the transaction.After being increased from €400m (£343m), lenders’ allocations were also ...
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NewsCarrefour pins €600m on revitalising sluggish sales
Recession-related despondency is being tackled at Carrefour with the launch of a new marketing campaign for its struggling French operations.