All International articles – Page 205
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News
Rewe Group net turnover up 4% for 2010 to £45.2m
Rewe Group increased its net turnover for 2010 by 4%, up to about e53bn (£45.2m), based on preliminary figures. Sales for the National Full-Range Stores (Rewe supermarkets and Toom hypermarkets in Germany) grew 6.4% over the previous year up to e14.5bn (£12.4bn). The Penny discounters in Germany lost 1.2% in ...
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News
Blockbuster received bid for £179.9m as it puts itself up for auction
Troubled entertainment retailer Blockbuster has put itself up for auction and has received a bid from a consortium for $290m (£179.9m). The US chain has reportedly agreed to sell itself to Cobalt Video Holdco in a deal that includes its UK operations. Blockbuster chairman and chief executive Jim Keyes said: ...
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Massmart H1 like-for-likes jump 7.3%
Retail and wholesale group Massmart - in which a 51% majority stake is expected to be acquired by Walmart by April this year - has announced a 13.3% sales increase for the first half of its current financial year. Sales rose to R27.37bn (£2.4bn) in the period to December 26, ...
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NewsLinks of London to push mobile presence
Links of London is to ramp up its mobile presence with the launch of an iPhone app and mobile site this year.
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AnalysisRetail in the Middle East and North Africa
Despite unrest and revolution, the emerging markets of the Middle East and North Africa still hold appeal to retailers, but is it worth the risk?
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NewsAlliance Boots strikes deal with Carrefour
Alliance Boots has struck a deal with Carrefour that will see it develop the grocer’s global beauty operation.
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NewsPeter Davies to grow recovered Ollie & Nic
Retail entrepreneur Peter Davies, who rescued Ollie & Nic as part of a pre-pack administration last week, has vowed to grow the accessories chain via stores and online.
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OpinionRetail surgery: What do the changes to the freight delivery terms Incoterms mean?
Can you give an overview of the most recent changes to the freight delivery terms Incoterms?
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AnalysisLess is more strategy pays off for Abercrombie & Fitch
After three consecutive years of negative like-for-like sales growth, which also included a period of nine consecutive negative quarters, US-based fashion chain Abercrombie & Fitch has reported like-for-like sales increased 7% in fiscal 2010.
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AnalysisAah! Bicester
Bicester Village has sales figures to die for, Prada and Gucci as tenants, and attracts some of the highest spending customers in Europe. Rebecca Thomson pays a visit to unearth its secret
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News
Fressnapf turnover up 7.6% to £1.08bn
Pet care retailer Fressnapf has posted an annual turnover of €1.28bn (£1.08bn) for the 2010 fiscal year - an increase of 7.6% compared with the year before.Like-for-like sales grew by almost 2%. In its home market of Germany, Fressnapf posted a turnover of €874.7m (£736.9m), a 5.2% increase.In 10 other ...
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News
ICA operating profuit up 7.8% to £281.3m
Ahold’s Scandinavian division ICA’s full-year operating profit reached SEK2.92bn (£281.3m) in 2010, an increase of 7.8% on 2009. The retailer’s net sales for the full year amounted to SEK93.86bn (£9.04bn), down 0.8%. At constant exchange rates net sales rose 0.9%.In 2011, ICA will “have a laser-like focus” on its disappointing ...
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News
Borders files for bankruptcy protection
Borders has filed for bankruptcy protection, sunk by crushing debt and sluggishness in adapting to a rapidly changing industry.The 40-year-old company plans to close about 200 of its 642 stores over the next few weeks. All of the stores closed will be superstores, a Borders spokeswoman said. The company also ...
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News
Build-A-Bear revenue up 1.4% to £247m
Toy retailer Build-A-Bear Workshop reported total revenues increased by 1.4% to $401.5m (£247m) in its 2010 fiscal year. Excluding the impact of foreign exchange, net retail sales increased 0.1%.Consolidated like-for-like sales declined 2%, which included a 1.2% decrease in North America and a 5.5% decrease in Europe.Net income for the ...
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News
JC Penney to close underperforming stores
Mid-market department store retailer JC Penney has outlined plans to close underperforming stores, wind down its catalogue and outlet operations and consolidate its call centres.At the same time, the retailer announced that investor William Ackman will sit on the chain’s board. Ackman’s Pershing Square Capital Management along with Vornado have ...
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News
Blockbuster faces eviction from dozens of US stores due to unpaid rent
Blockbuster reportedly faces eviction from dozens of US stores where it has not paid rent, adding to the bankrupt company’s troubles. According to local press, four landlords have asked a bankruptcy judge to order immediate rental payment for 38 of the company’s stores.
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News
Woolworths H1 sales up 9.8%
Upmarket food and clothing retailer Woolworths reported group sales grew by 9.8% year-on-year in the first half ended December 26, 2010, along with positive margin development after more effective cost control. Pre-tax profit increased by 22.1% during the period. Food sales grew by 11.8%, while clothing sales were up 11.5%.In ...
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News
Carrefour's Promocash to be rolled out to 20 stores this year
Carrefour’s new Promocash concept is to be rolled out to some 20 stores this year following successful trials in Lille, Macon and Rouen, it is understood.The new Promocash concept emphasises fresh food and the non-food product offer and has a modernised wine cellar.Promocash has also enhanced its ecommerce offer, which ...
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PPR up 7.5% to £12.3bn
Luxury goods and retail company PPR reported total group revenue from continuing operations was up 7.5% to €14.6bn (£12.3bn) in the 2010 fiscal year, from €13.6bn (£11.5bn) in 2009.Recurring operating income was up 23.5% to €1.53bn (£1.29bn) from €1.24bn (£1.04bn) in 2009.