All International articles – Page 176
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NewsMothercare Australia placed into administration as trading deteriorates
Mothercare Australia has been placed into administration after trading conditions in the country deteriorated and talks to find a buyer for the business failed.
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NewsPhase Eight poised to launch first stores in UAE
Phase Eight will open its first stores in the United Arab Emirates this month, as it focuses on overseas growth and ramps up its multichannel offer.
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NewsMarks & Spencer missing its Chinese sales targets by up to 30%
Under pressure retailer Marks & Spencer is missing its sales targets in China, which it has identified as a key market for international growth, by as much as 30%.
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NewsCarpetright UK like-for-likes edge up 3.2% but Dutch sales remain weak
Carpetright UK like-for-likes edged up 3.2% in its third quarter to January 26 but plunged 11.5% in the rest of Europe as sales at its Dutch business remained weak.
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GalleryStore of the week: Fashion retailer Shasa, Cancun, Mexico
Shasa, the Mexican fashion retailer that also has shops across Texas, opened this store in Mexico City in October - a good example of a space where the architecture dominates.
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GalleryStore gallery: New York’s latest store looks
John Ryan tours the city’s stores to discover what has changed since the last visit to coincide with the National Retail Federation convention in the Big Apple.
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AnalysisAnalysis: How retailers took a tumble in the horse meat crisis
The discovery of horse and pig DNA in beef burgers in the UK and Ireland has rocked food retailers. Alex Lawson looks at the checks on the industry and how well the grocers reacted.
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AnalysisAnalysis: Highlights from NRF 2013
International expansion, new technology and retailers’ impact on society were all on the agenda at this year’s National Retail Federation (NRF).
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AnalysisInternational analysis: Media Markt exits China as ecommerce dominates
Metro’s Media Markt consumer electronics business has said it will pull the plug on its two-year-old venture into China, due to lessons learnt from a “test phase” that ended in December.
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OpinionComment: Retailers can take valuable lessons from restaurateurs
In New York last week, investment bank Financo’s 23rd successive Annual Forum was attended by 275 elite invitees, including the chief executives of some celebrated global brands.
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GalleryStore gallery: Loblaws takes a fresh approach to food retailing
Canadian based retailer Loblaws has turned the conventional supermarket format on its head in its Toronto flagship. John Ryan investigates what they are doing differently.
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GalleryStore of the week: Food retailer Longo’s flagship, Toronto, Canada
Longo’s is a family owned grocer that operates 24 stores in the Greater Toronto area, and this one, in Maple Leaf Square in the city’s downtown area, is its flagship.
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News
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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AnalysisInternational analysis: French independents have right model for growth
French independent retailers including E.Leclerc, Intermarché and Système U, have all announced that they will report solid 2012 sales growth in their domestic market.
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AnalysisAnalysis: Challenges faced by UK retailers in the Chinese market
China remains high on retailers’ expansion agendas but few have cracked the country. Caroline Parry finds out
what strategies are likely to lead to Chinese success. -
News
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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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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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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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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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%.