All International articles – Page 178
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AnalysisInternational news analysis: China’s online retail race brings risk and opportunity
There has been astonishing growth in the Chinese ecommerce sector over the past five years and it still has a promising future.
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News
Best Buy appoints president of global ecommerce
Consumer electronics retailer Best Buy has appointed Scott Durchslag as president of global ecommerce. The retailer hopes the former Expedia Worldwide president will oversee its online transformation.Durchslag will be responsible for all of the company’s ecommerce channels, including BestBuy.com.The appointment comes at a time when Best Buy founder Richard Schulze ...
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News
Toys R Us launches video streaming service
Toys R Us is linking with digital entertainment company Rovi to offer Toysrusmovies.com, a new digital service allowing customers to download and stream movies and TV shows aimed at families and children.The service will be priced at $2.99 (£1.87) for a 24-hour rental and $1.99 (£1.24) per episode for TV ...
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News
Ikea Italy sales fall 2.6%
Sales at Ikea Italy fell 2.6% to e1.6m (£1.3m) in the year ended August 30, the retailer’s first ever year-on-year decline since entering Italy in 1989.Ikea has 20 stores and more than 46 million visitors annually. It plans to invest e400m (£322m) over the next three years in new openings ...
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News
Marinopoulos opens first Macedonian hypermarket
Carrefour’s Greece-based franchise partner Marinopoulos has opened its first hypermarket in Macedonia, in the capital Skopje.Located in the country’s largest commercial centre, City Mall Skopje, the store has a sales area of 40,900 sq ft. The shopping mall is located in Skopje city centre and hosts 150 stores.
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News
Carrefour Romania rents stores from Aliment Murfatlar
Carrefour has rented six stores from local retailer Aliment Murfatlar, newspaper Piatahas reported.The stores in the city of Constanta will be rebranded as Carrefour Market. The deal will establish Carrefour’s supermarket presence in the city, where its competitor Delhaize Group operates five Mega Image stores.
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News
Louis Delhaize acquires stake in France-based Monnier Frères
Grocery retailer Louis Delhaize has acquired a majority stake in France-based Monnier Frères, an online women’s luxury accessories shop, food magazine Linéaires has reported.Louis Delhaize paid e3.5m (£2.8m) for the stake and is to invest another e3.5m in developing the business internationally, especially in the US and Asia. At present ...
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News
Belgian retailers accused of price fixing
Seven leading Belgian retailers and 11 suppliers of household goods and health and beauty products are suspected of having fixed prices for years, according to Belgian competition authority, Conseil de la Concurrence.According to several local media reports, Carrefour, Colruyt and Delhaize Group are among the retailers under investigation, while Beiersdorf’s ...
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News
PPR to sell Fnac book and electronics chain
Luxury group PPR plans to sell its Fnac book and electronics chain as well as La Redoute, according to the Journal du Dimanche.The retailer is forging ahead with plans to divest both retail divisions in order to focus on its core luxury goods business.
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News
Carrefour developing a ‘Courses Éco’ corner
Carrefour is developing a ‘Courses Éco’ corner dedicated to its entry price products in a handful of Paris and northern France stores.The initiative echoes Auchan’s own discount zone, with 400 SKUs across food, household and health and beauty. The assortment also includes around 20 products in bulk, alongside a broad ...
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OpinionComment: Why Zara's business model is paying dividends
As Inditex’s best-known brand Zara unveiled a 22% jump in UK pre-tax profits in the year to January 31, law firm DLA Piper partner Ruth Hoy examines how the Spanish fashion group’s model continues to deliver.
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NewsJimmy Choo takes control of Chinese distribution
Luxury footwear retailer and brand Jimmy Choo is taking direct control of its mainland Chinese distribution with immediate effect.
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NewsB&M Bargains seeks partner for expansion into Europe
Variety store group B&M Bargains is on the hunt for a European partner as it plans to open on the continent following stellar growth in the UK.
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AnalysisInternational analysis: Why Esprit and H&M fail to match Inditex’s growth
It has been a mixed couple of weeks for some of the leading global fashion chains. Inditex continued its stellar performance with half-year profits jumping by almost a third as it sustained growth in sluggish economies in both Western Europe and emerging markets.
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OpinionComment: Retailers must heed Marks & Spencer’s international strength
Marks & Spencer’s international arm remains robust, widespread and underrated.
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AnalysisOverseas investors: What do retailers need to know?
Sainsbury’s is believed to be the latest retailer attracting overseas investment attention in what has been a busy year for international deals.
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OpinionComment: Does Hong Kong still appeal to retailers?
For European retail, consumer and luxury goods companies looking to launch IPOs, the Hong Kong Stock Exchange (HKEx) once had tremendous appeal.
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AnalysisAnalysis: What keeps retail leaders awake at night?
Retail leaders have faced sustained pressure from the downturn. So how have their priorities changed, and what makes a good leader in times of challenge and transformation?
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OpinionComment: Clarke may face a tough road ahead
The fact that Tesco has announced a drop in profits this morning hasn’t come as a surprise to many – and yet that doesn’t make the news any more comforting to investors.
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OpinionComment: The UK is not Tesco's only problem
While all eyes are on Tesco’s UK business, today’s interim results show that the grocer’s domestic market is not its only problem.