All International articles – Page 211
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AnalysisChinese tourists
Chinese tourist spend has soared in the past year, but what can retailers do to capitalise on this and is the UK doing all it can to welcome them?
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News
Dixy Group revenue increases 19.4% to £1.4bn
Dixy Group posted a 19.4% increase in its 2010 revenues to RUB64.7bn (£1.4bn).Like-for-like sales grew by 2.8%, boosted by strong like-for-like growth in the Urals, which were up 5.5%.The grocer closed the year with 646 stores, including 623 Dixy supermarkets, 15 Megamart hypermarkets and eight Minimart stores, located in three ...
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News
H&M sales up 7% to £10.5bn last year
H&M has reported sales excluding VAT were up 7% in the fiscal year ended November 30, up to SEK108.5bn (£10.5bn). Profit after financial items soared 13% to SEK25bn (£2.4bn).For 2011, H&M plans to open about 250 stores, including some in five new markets. The retailer will continue investment in ...
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News
Impact Retail files for bankruptcy
Consumer electronics specialist Impact Retail has filed for bankruptcy. A note on its website states that an administrator will be appointed by a court, with the aim of examining possibilities for the future of the retailer.All 118 of the retailer’s stores have been “provisionally closed” while ecommerce activities have been ...
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News
RadioShack chief executive to retire in May
The chairman and chief executive of electronics retailer RadioShack, Julian Day, will retire in May after nearly five years.He will be succeeded as chief executive by current chief financial officer Jim Gooch, who was immediately promoted to president.Day led an overhaul of RadioShack operations that helped streamline the business while ...
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News
Cumberland Farms opens its first drive-thru store
Cumberland Farms has opened its first drive-thru store, at an existing convenience store in Kingston, Boston.The convenience store retailer said a “wide variety” of the 3,000 items sold at the store were available at the drive-thru window, including groceries and staple goods.The store has been opened on a pilot basis ...
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News
Netflix Q4 revenue rises 34% to £386m
Netflix has reported a 52% rise in net income to $47.1m (£31m) in the fourth quarter ended December 31, with revenues rocketing 34% to $596m (£386m).During the period the company had a gain of 3 million subscribers, up to a total of 20 million end users. This represents a 63% ...
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News
Landmark Group opens its first Spar hypermarket in northern India
Dubai-based Landmark Group has opened its first Spar hypermarket in northern India, with the inauguration of a 74,000 sq ft store in Delhi.The opening of the new store at Pacific Mall in west Delhi brings the total number of Spar hypermarkets in India to four.By the end of fiscal 2012 ...
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News
Disney to open first store in China by mid-2012
Disney Stores is planning to open its first store in China by mid-2012.The company said its strategy would be to secure locations in upscale shopping centres and department stores, where it will open Disney Stores similar to those in Europe and North America.Disney Stores did not say how many stores ...
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AnalysisKorea’s Lotte is poised to be Asian powerhouse
Those with even a passing interest in the Asian grocery sector cannot have failed to notice the rise in recent years of South Korea’s Lotte Shopping.
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NewsH&M relaunches websites to make them easier to use
Fashion giant H&M is to relaunch its global websites in a bid to make them more consumer friendly.
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NewsHarrods rolls out UnionPay to pull in Chinese shoppers
Harrods, the iconic department store, is from today accepting domestic Chinese debit and credit card UnionPay in a signal of the growing importance of Chinese shoppers’ spending power to the luxury retail sector.
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NewsSelfridges Group finalises de Bijenkorf deal
Selfridges Group, the group which owns iconic department store chain Selfridges, Irish department store Brown Thomas and Canadian department store business Holt Renfrew, has completed its acquisition of Dutch luxury department store chain de Bijenkorf.
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NewsMarks & Spencer to open Champs-Elysees store this summer
Marks & Spencer is to open a store in Paris on the Champs-Elysees as early as this summer, it is understood.
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AnalysisOnline streaming
With Amazon taking control of Lovefilm and Netflix flying high across the pond, all the signs suggest online streaming is set to become the norm
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NewsDune creates IT platform to back expansion plans
Dune aims to have 250 overseas stores within the next three to four years, up from the 150 shops it had previously planned. 50 will be wholly owned stores and the other 200 will be franchises.
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GallerySportScheck, Berlin: A store of two halves
Otto-owned retailer SportScheck’s new Berlin store successfully combines technology with tradition. John Ryan pays a visit
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News
Ahold net sales up 4.4% to £25.2bn
During 2010, retail group Ahold’s consolidated net sales reached €29.5bn (£25.2bn), up 4.4% after adjustments or 5.7% on a non-adjusted basis. During the fourth quarter, consolidated net sales, which do not include the joint ventures ICA Group in Scandinavia and JMR, were €6.9bn (£5.9bn). This is an increase of 5.5% ...