All International articles – Page 212
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AnalysisWalmart pledges healthier food with no added extras
Walmart is to embark upon a five-year plan to make its food offering healthier.
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News
Delhaize Group revenue increases 4.6% to £17.7bn
Delhaize Group has reported revenues of E20.8bn (£17.7bn) for 2010. This represents an increase of 1% at identical exchange rates or 4.6% at actual exchange rates, due to the strengthening of the US dollar by 5.2% against the euro compared with 2009. Organic revenue growth was 0.9%.Delhaize Group added 68 ...
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Blockbuster gets deadline extension for bankruptcy reorganisation plan
Blockbuster has received an additional three weeks from its lenders to file a bankruptcy reorganisation plan. The company received an extension to February 4 from January 14 to file a plan, a regulatory filing shows. It is common for debtors to seek such extensions and US bankruptcy courts routinely grant ...
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Jerónimo Martins to open neigbourhood store chain
Portuguese retailer Jerónimo Martins is planning to open a new chain of small franchised neigbourhood stores over the coming months. The retailer will open two wholly owned stores under the new banner and will then work towards its expansion under a franchising scheme. The new business model will be developed ...
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Migros records £16.35bn in net sales
Supermarket chain Migros has reported preliminary group net sales of CHF25.03bn (£16.35bn) for 2010, representing a slight increase of 0.3% compared with 2009.Lower prices of Migros’ products, alongside a currency-related decline in sales in the travel business, affected Migros Group’s sales during the year. The retail segment of the group ...
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Toom Baumarkt and Hellweg Profi-Baumärkte to establish new buying group
Rewe Group’s DIY arm Toom Baumarkt and DIY retailer Hellweg Profi-Baumärkte have established a new buying group, subject to the approval of the Federal Cartel Authority. It is called DIY Union and will have a sales volume of about E3bn (£2.6bn) at its disposal.
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Woolworths sales increase 9.8%
Food and clothing retailer Woolworths has announced that preliminary group sales increased 9.8% year on year for the 26 weeks to December 26.This compares with sector growth of 5.9% during the same period. Clothing sales grew by 11.5%, 2.3 percentage points higher than the average in comparable stores (9.2%).The retailer ...
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AnalysisTarget finds perfect stores for Canadian expansion
US retailer Target has announced its entry into Canada after acquiring leasehold interests in up to 220 Zellers sites from the Hudson’s Bay Company.
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Massmart H2 sales increase 13.3% to £2.5bn
Massmart - the company in which Walmart intends to take a 51% stake before the end of March this year - has announced its preliminary financial results for the six months to the end of December, 2010.Sales increased 13.3% to R27.5bn (£2.5bn). Like-for-like sales jumped 7.3%. The Mass discounters division ...
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NewsAsos shifts focus to international sales with new website launches
Fashion etail giant Asos expects overseas sales to overtake its UK division in the next quarter as it plans to launch “a handful” of new international websites over the next 12 to 18 months.
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NewsSky's the limit
Prime Minister David Cameron flagged the importance of retail links between the UK and Scandinavia and the Baltic as he met leaders from the region.
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AnalysisNRF: Polar opposites
The big topic at this year’s NRF convention was the polarisation of global retail. Joanna Perry reviews the key themes, while on page 24, Rebecca Thomson examines the top technological innovations on show
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News
Aeon to expand My Basket neighbourhood stores to 1,000 shops by 2013
Retail giant Aeon plans to expand the number of My Basket neighbourhood stores to about 1,000 shops by 2013. Most stores are expected to open in Tokyo.My Basket was launched in December 2005 and, although the average size of 1,615 sq ft is only slightly larger than typical convenience stores, ...
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Best Denki sales increase 0.8% to £1.9bn
Sales at consumer electronics retailer Best Denki increased 0.8% to ¥253.3bn (£1.9bn) in the nine months ended November 30, 2010.Operating profit was ¥4.8bn (£36.5m) compared with an operating loss of ¥3.8bn (£26m) in the same period the previous year. Net profit was ¥896m (£6.5m) compared with a net loss of ...
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Ikea profit rises 6.1% to £2.3bn
Ikea has reported that net profit for the year ended August 30, 2010 rose 6.1% to €2.69bn (£2.3bn). Sales soared 7.7% to €23.1bn (£19.3bn).Ikea said sales grew in almost all countries but highlighted China, Russia and Portugal as showing the strongest increases. Ikea group president and chief executive Mikael Ohlsson ...
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Gap's Athleta opens store in San Francisco
Gap’s Athleta brand, which was until now only available through Gap’s online platform, has opened its first retail location in San Francisco.The store offers Athleta’s collection of women’s active lifestyle apparel for yoga, running, swimming, the gym, hiking and skiing alongside other sportswear. Custom-made mannequins moulded from the body of ...
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Falabella to invest £2.3bn to open 215 new stores and 16 new shopping centres
Department store and DIY retailer Falabella is accelerating its growth plans and now aims to invest $3.51bn (£2.3bn) between 2011 and 2015 to open 215 new stores and 16 new shopping centres.The retailer, which opened 27 new stores and three new shopping centres last year, previously expected to invest $2.57bn ...