All International articles – Page 209
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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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News
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.
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NewsMarks & Spencer hires Inditex man to lead international expansion
Marks & Spencer has drafted in Inditex director Jan Heere as its international director.
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AnalysisHow to profit from international SEO
Used correctly, SEO is the key to making money in new online territories. Alison Clements asks the experts how it’s done
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NewsTesco close to buying Polish chain
Tesco is understood to be close to buying Polish retail chain Zabka from private equity firm Penta Investments.
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NewsBest Buy cuts international operations but expects UK growth
Electricals giant Best Buy is to scale back its international operations but has insisted that the UK, where it has a joint venture with Carphone Warehouse, is a growth opportunity.
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NewsBRIC countries in top five grocery markets by 2015
Brazil, Russia, India and China are set to be ranked in the top five grocery markets for the first time by 2015, research has claimed.
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AnalysisFood fights as inflation pits grocers against suppliers
Who pays for the rising cost of food? It is becoming a growing source of contention between supermarkets and their suppliers around the globe.
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NewsClarke needs to convince UK still offers growth for Tesco
New Tesco chief executive Phil Clarke needs to do more to reassure the market about its performance and growth prospects in the UK, while also convince it of the virtues of its international operations, broker Barclays Capital said this week.
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AnalysisCleaning up
The Bribery Act promises to hit global supply chains hard. Liz Morrell reports on what retailers need to know
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NewsKiddicare deal to take Morrisons international
Grocer sizes up non-food and online opportunities after Kiddicare acquisition
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News
H&M considers entering Iceland
Sweden-based fashion retailer H&M is rumoured to be looking at entering Iceland, and has viewed potential outlets in the capital Reykjavik. Reykjavik city centre director Jakob Frimann Magnusson said he had spent much time sourcing suitable properties for the fashion chain. However, H&M has denied any fixed plans to establish ...
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News
Canadian Tire Q4 sales up 2.4% to £1.96bn
Canadian Tire reported sales up 2.4% in the fourth quarter to C$3.1bn (£1.96bn), while net earnings rocketed 88.2% to C$181.1m (£114.6m). Sales at its Canadian Tire Retail division, which comprises mainly company-owned and operated stores, increased 0.5%. Like-for-like sales declined 0.4%. Adjusted earnings before taxes at Canadian Tire Retail soared ...
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News
Shoppers Drug Mart sales up 3.9% to £6.56bn
Shoppers Drug Mart has reported full-year sales for 2010 of C$10.37bn (£6.56bn), up 3.9%. The retailer’s sales continued to grow in all regions of the country, led by strong gains in Western Canada and Quebec. Its capital investment and store development programme, which resulted in a 6.4% year-on-year rise in ...
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News
Whole Foods Market Q1 sales up 14% to £1.87bn
Whole Foods Market has reported sales for the first quarter ended January 16 increased 14% to $3bn (£1.87bn), with like-for-likes soaring 9.1%. Operating income, meanwhile, rose 44.1% to $147.6m (£92.1m) during the quarter.The retailer also announced plans to open wellness clubs at five of its US stores. The clubs, which ...