All International articles – Page 170
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News
Convenience store group CP to acquire Siam Makro
Convenience store group CP All has signed an agreement to acquire Dutch SHV Makro-owned Siam Makro in Thailand.CP All, controlled by Dhanin’s Charoen Pokphand Group, will pay THB787 (£17.72) a share for 64% of Siam Makro, a total of THB188.88bn (£4.25bn). The acquisition is subject to shareholder approval.CP All is ...
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AnalysisAnalysis: Tough questions raised by disaster in Bangladesh
The collapse of a building housing suppliers of well-known retailers has ignited debate about the responsibilities of businesses working with firms in developing countries.
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OpinionComment: Bangladeshi tragedy raises more questions for retailers
The factory collapse that took the lives of more than 380 people last week has again swung a spotlight on retail supply chains.
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News
Clicks Group reports turnover increase
Clicks Group’s turnover increased 11% to ZAR8.5bn (£614.4m) in the first half of its financial year ended February 28.Clicks’ drugstore turnover rose 7% to ZAR5.6bn (£404.8m), while the number of stores reached 430.Operating profit at the group’s music and video chain, Musica, increased 27.3% despite the closure of eight outlets.However, ...
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News
Former Sun European operating partner Frank Maassen to join But
Former Sun European operating partner Frank Maassen has been appointed director-general of French furniture and electricals chain But.Maassen has worked across the electricals, homewares and furniture sectors including at furniture specialists ScS and Sharps Bedrooms. He replaces Regis Schultz who left to become chief executive of Darty.
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NewsJ Crew on hunt for menswear-only store in London
J Crew, the US preppy fashion brand, is scouting out premises for a standalone menswear store in London as part of plans to open five different formats in the capital.
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News
Carrefour aims to roll out Courses Éco discount corners
Carrefour aims to have 30 of its in French hypermarkets by year-end, reports LSA.Courses Éco will only be rolled out in relevant stores in less affluent areas.
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News
DIY retailer Praktiker reports sales decrease
Sales at DIY retailer Praktiker fell 10.4% to €570.1m (£490.3m) during its first quarter ended March 31.Like-for-like sales slid 8.8%. Figures exclude the business in Turkey, which is at present in administration, and the Bâtiself banner in Luxembourg, which is to be divested.Sales in Germany declined 9.9% to €457.7m (£393.6m), ...
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News
Lekkerland's reports net sales increase
Lekkerland’s net sales increased €127.2m (£109.4m) to €11.48bn (£9.87bn) during its 2012 financial year.The figures were adjusted for a discontinued operation in Eastern Europe. The group’s net profit rose 58% during the year to €80.3m (£69.1m), because of strong earnings in Germany. “We have a positive outlook for the future,” ...
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NewsAsos to emulate Primark with value fashion line launch
Asos is to launch a new value line as it aims to emulate Primark’s success in low-cost fashion.
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NewsAsos to launch Russian website tomorrow as it unveils returns lockers
Online fashion retailer Asos is to launch a country-specific website in Russia tomorrow as it seeks to propel international growth.
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OpinionComment: There are international opportunities out there for retail
If you happen to be a libertarian socialist, ex-miner or of a misogynistic nature, I would advise that you stop reading this column now.
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AnalysisAnalysis: What does Waitrose’s deal with Eurostar mean for the retailer?
Waitrose has revealed it will begin supplying products to pan-European train service Eurostar from tomorrow. Retail Week looks at the implications for the grocer.
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NewsWilliams-Sonoma to land in UK with store on Tottenham Court Road
US homewares giant Williams-Sonoma is to open its first store in the UK on London’s Tottenham Court Road, Retail Week has learned.
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AnalysisInternational analysis: Home and away different worlds for French grocers
Two of France’s largest retailers, Carrefour and Casino, reported first-quarter trading figures on the same day.
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InterviewInterview: Chris Bush’s plan to turn Tesco into a brand of choice
Despite the grocer suffering its first fall in profits for 20 years, its UK managing director is confident he can deliver on Philip Clarke’s plan to make it loved again.
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OpinionComment: Value and ethics can coexist in the fashion industry
Figures released in May 2012 by Euromonitor International showed that of the UK’s top five clothing companies, four were value brands.
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NewsAsos international boss Jon Kamaluddin to exit after nine years
Asos international director Jon Kamaluddin is to exit after nine years with the online retailer.
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OpinionNick Bubb's Verdict: Primark - What is the secret of its success?
Expectations were high for today’s Primark interim profits from Associated British Foods (ABF) but they still beat them, with amazing 55% growth. How does Primark do it?
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OpinionComment: Kingfishing for success in Romania
Given the recent performance of British brands in Romania, one can be forgiven for doubting the decision last week by B&Q owner Kingfisher to enter the market following its acquisition of Bricostore.