All International articles – Page 177
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News
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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News
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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News
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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News
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 ...
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AnalysisAnalysis: How Spanish retailer Mango expanded internationally
Spanish fashion retailer Mango has more than 2,500 stores in 110 countries, and has been expanding across the world since 1992. Rebecca Thomson hears about its growth strategy.
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OpinionComment: Are iPads the future of store design?
Remember the time when retailers seemed to think that if it moved then an iPad should be attached to it? It wasn’t actually that long ago.
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GalleryStore of the week: ST Dupont, Seoul, South Korea
ST Dupont is a Parisian luxury accessories retailer and you could be forgiven for not having heard of it, as it has managed to maintain a resolutely low profile this side of the Channel.
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News
TJX acquires discount online retailer
Off-price retailer TJX has acquired discount online retailer Sierra Trading Post in a $200m (£124.5m) cash deal.TJX is developing online shopping sites for its own brands and the acquisition adds online operating capabilities and infrastructure.TJX chief executive Carol Meyrowitz said: “We see Sierra’s management team, with its deep internet retailing ...
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AnalysisAnalysis: Lucy Neville-Rolfe says farewell to Tesco
As she retires from a 15-year career at Tesco coinciding with phenomenal growth, executive director Lucy Neville-Rolfe tells Alex Lawson about her career with the top retailer.
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News
Carrefour to relaunch Carrefour Baby range
French retailer Carrefour is to relaunch its Carrefour Baby private-label range in Spain.At present the retailer offers 37 SKUs in baby food and 21 infant hygiene items. The initiative is likely to be a reaction to Spanish supermarket operator Mercadona, which has recorded strong growth in the category.
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News
Walmart promotes Lev Khasis to chief executive role
Walmart has promoted senior vice-president and chief leverage officer for Walmart International, Lev Khasis, to the position of president and chief executive of new formats for Walmart International.Khasis is a former chairman of the board of Russian grocer Perekrestok and former chief executive of Russia supermarket X5. He joined Walmart ...
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News
Monoprix to open 50 stores in France
Casino’s Monoprix banner is to open 50 stores in France by the end of this year. Monoprix will ultimately operate a network of 523 stores.The fascia will also be fully integrated into Casino following its acquisition of former partner Galeries Lafayette’s stake in the joint venture for E1.18bn (£959.4m) last ...
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AnalysisInternational analysis: Casino hopes to take top spot in Thailand with new stores
French retailer Casino has ambitious plans to triple its number of locations in Thailand by 2016, when it hopes to operate 1,250 stores.
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News
Oxylane's Decathlon banner applies to sell goods in India
French leisure retailer Oxylane’s Decathlon banner in India has applied to the government to be able to sell to consumers.At present Decathlon only operates a handful of wholesale operations in India.The initiative is likely to have been triggered by the relaxation of laws on multi-brand retailing in the country. The ...
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News
Redcats begins sale negotiations for children and family division
Luxury retailer PPR’s Redcats division is thought to have begun exclusive negotiations with investment fund Alpha about the sale of its children and family division, which includes the Vertbaudet and Cyrillus brands.The division was put up for sale in October. In 2011, Vertbaudet generated sales of E252m (£204.9m), while Cyrillus ...
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News
7-Eleven purchases 143 sites in Texas
Seven & I-owned 7-Eleven has purchased 143 sites in Texas. The acquisition includes Speedy Stop and Tigermarket convenience stores owned by local operator CL Thomas.The deal also increases 7-Eleven’s fuel wholesale delivery business, because the purchase included petrol distribution to approximately 150 dealer-operated sites.
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News
German retailer Schwarz Group outlines plans for Bulgaria
German retailer Schwarz Group has outlined plans for Bulgaria. The hypermarket and superstore business plans to open just two to three new locations in calendar 2013, in addition to the imminent launch of a store in Sandanski, near the Greek and Macedonian borders.Schwarz Group operates 63 Lidl discount stores and ...
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News
Edeka to sell minority stake in Netto
Co-operative grocer Edeka is selling its 25% minority stake in discounter Netto in Germany to majority holder Dansk Supermarked, effective as of December 31.Edeka chief executive Markus Mosa said: “We are realigning our strategic focus on independent retailing and on companies in which we can hold operational responsibility.”
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News
Jumbo Supermarkten posts sales increase
Dutch grocery retailer Jumbo Supermarkten posted sales of E6.96bn (£5.66bn) for financial 2012. Turnover at Jumbo stores rose 31.7% to E3.23bn (£2.62bn.The rapid increase was mainly generated by its acquisition of competitor C1000, which raised the store count of its Jumbo-bannered shops from 263 to 309.Like-for-like sales growth was 2.7%. ...
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NewsJigsaw back in the black as it prepares for Middle East launch
Fashion chain Jigsaw is back in the black as it prepares for its launch in the Middle East.