All Europe articles – Page 42
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News
Ikea intends to resume planning for expansion in Russia
Furniture giant Ikea has said that it intends to resume planning for expansion in Russia. The change of heart comes after the retailer won a two-year bureaucratic battle to open a mall in the southern city of Samara.Head of Ikea Russia Per Kaufmann believes that the main stumbling blocks are ...
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NewsLittlewoods launches European website to tap into expat market
Shop Direct Group is gunning to grow its overseas business to 10% of its total sales after it launched its first international Littlewoods site last week.
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NewsÇilek to open third UK store
Turkish bespoke children’s bedroom furniture and accessories retailer Çilek is to open its third UK store as it sets out expansion plans for the UK.
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News
Carrefour reports larger than expected loss
Carrefour has reported a larger than expected €58m (£51.1m) loss in its first half, compared with a €747m (£655.7m) profit a year earlier.The grocer plans to spend as much as €600m (£528.8m) on discounts and marketing this year to improve sales in France. Revenue fell 1.6% in the first half ...
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NewsBlinding light bulb sales as ban sparks hoarding
Sales of incandescent light bulbs have shot through the roof as shoppers stock up in the wake of the European ban, brightening up DIY retailers’ trade.
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NewsDanish accessories and jewellery brand to hit UK
Danish accessories and jewellery brand Pieces Accessories has secured its first UK standalone shop at Grand Arcade in Cambridge.
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News
Casino’s first-half net profits hit €231m
French grocer Casino’s first-half net profits hit €231m (£203.5m), up from €229m (£201.8m) in 2008, while operating profit fell 9.1% to €488m (£430m).The retailer now expects to have implemented a €1bn (£881.1m) asset disposal programme by the end of next year. It also plans to strengthen its appeal by developing ...
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NewsItalian retail giant Gruppo Coin looks for UK stores
Italian retailer Gruppo Coin is seeking suitable UK locations to launch its department stores and fast-fashion chain OVS.
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GalleryStore of the Week: Camper Beaubourg, France
Spanish shoe retailer and brand Camper provides a new reason for visiting the Paris’s Beaubourg area with a store that takes a pretty unusual stance to visual merchandising and layout.
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NewsLittlewoods launches in Europe
Home shopping giant Shop Direct Group today launched Littlewoodseurope.com, targeted at customers in France, Germany, Spain and Portugal.
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NewsEuropean comeback to lift Kingfisher and Kesa
France and Germany’s emergence from recession is likely to benefit Kingfisher and Kesa, which both have big operations in the countries.
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NewsWarehouse adds online features to drive web sales
Warehouse has launched delivery to eight European countries.
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News
Tengelmann to overhaul Kaiser’s Tengelmann supermarket network
Retail conglomerate Tengelmann is preparing to overhaul its German Kaiser’s Tengelmann supermarket network and is considering selling some of the stores in order to lift the network’s profitability, according to local trade press.The chain consists of about 710 stores nationwide, but the review is expected to focus on trimming its ...
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News
Delhaize Group posts revenue rise
Grocer Delhaize Group posted revenues of €10.2bn (£8.74bn) for the first half of the year, representing a 13.8% rise over the same period last year.With the group’s largest market being the US, sales growth was largely attributable to a strengthening of the US dollar against the euro. Nevertheless, the result ...
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News
Otto apologises for wrongly priced goods
Mail order and online retailer Otto has apologised to customers after more than 6,500 orders were placed for laptops at massively discounted prices, owing to a pricing error on its website.A variety of laptops, including MacBooks, worth up to e2,000 (£1,714) were advertised at between e30 and e50 (£25.60 and ...
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Retail sales fall in Germany
Retail sales fell 1.8 per cent month on month in June as the global crisis maintained its grip on Europe’s biggest economy.The drop followed a 1.3 per cent decline in May and contrast with economists’ expectations that the country’s sales would improve slightly or, at worst, be flat in June.On ...
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Metro's EBIT plummets
Metro’s EBIT plummeted 20 per cent to €307bn (£260.99bn) in the second quarter due to costs associated with its efforts to restructure the business.Sales for the period dropped 3.8 per cent to €15.3bn (£13.1bn) because of currency fluctuations in Eastern Europe.Over the first half, group sales slid 3.2 per cent ...
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News
LVMH records revenue of €7.8bn
Luxury goods retailer LVMH recorded revenue of €7.8bn (£6.7bn) in the first half, reflecting a slight increase against the same period in 2008 despite the global economic crisis and a strong comparable performance.Chairman and chief executive Bernard Arnault said: “The first-half results once again demonstrate the exceptional appeal of our ...
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News
Pharmacy Chain 36.6 reports preliminary consolidated sales drop
Pharmacy Chain 36.6 reported preliminary consolidated sales dropped 13.1 per cent in the first half of the year to RUB11.63bn (£222.1m).The company’s retail sales slumped 17.4 per cent on the year to RUB8.8bn (£168m).At the end of June the company had 1,036 pharmacies in 29 Russian regions. It opened six ...
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NewsSpotify attracts high profile investors
Spotify, the digital music download service, is close to securing new funding from investors including the charitable foundation of Hong Kong tycoon Li Ka-shing.