All International articles – Page 216
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News
Massmart launches website for extended food offer
In the run-up to its expected acquisition by Walmart, South African retailer Massmart has launched a dedicated website for the extended food offer that has recently been piloted at a Game variety store in Cape Town. The site - at Foodco.co.za - describes Foodco as “a supermarket inside Game that ...
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NewsReiss ramps up overseas plans with new head of international
Fashion retailer Reiss has appointed its first dedicated head of international as it seeks to ramp up its overseas expansion.
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News
Ikea United Arab Emirates flagship to open in 2012
Ikea’s United Arab Emirates flagship at Yas Marina is set to open in February 2012 and management expects to welcome 1.3 million visitors in the first year, it has been reported. The 355,220 sq ft store is more than three times the size of the Abu Dhabi Marina Mall store ...
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NewsJ Crew's Mickey Drexler favoured TPG deal
J Crew chief executive Millard ‘Mickey’ Drexler negotiated the potential sale of the American casualwear business for seven weeks ahead of the announcement of a $3bn (£1.9bn) private equity deal last month.
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NewsHolland & Barrett expands into Cyprus
Holland & Barrett has expanded into Cyprus via a franchise agreement.
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NewsCath Kidston plans Far East push as profits soar
Homewares and fashion retailer Cath Kidston has revealed a jump in profits as it outlines plans for expansion in the Far East.
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AnalysisMedia Markt to face stiff local competition in China
Metro Group’s Media Markt opened its long-awaited first store in China last month, marking the entry of the second international electricals retailer into the country.
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NewsGaleries Lafayette progresses with move into China
French department store group Galeries Lafayette has reportedly entered a joint venture with fashion retail company IT to open stores in China, three years after the companies signed an informal agreement.
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News
KiK set to open 200 new stores each year in Europe
Tengelmann-owned clothing discounter KiK has said it plans to continue to open 200 new stores each year in Europe, with a mid-term aim of 4,000 stores. Its expansion remains focused on its German home market, where it sees potential for another 500 stores.The latest update comes as the retailer is ...
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News
PPR appoints Alexandre Bompard as CEO of Fnac
French luxury goods and retail group PPR has appointed Alexandre Bompard as new chief executive of its entertainment and electronics retailer Fnac.Bompard will replace Christophe Cuvillier who will soon take over new responsibilities within PPR. Previously, Bompard worked as chief executive of French radio station Europe 1. He will also ...
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News
Couche-Tard Q3 revenue up 5.6% to £961m
Convenience store chain Couche-Tard posted a 5.6% rise in revenues excluding fuel to $1.5bn (£961m) for the second quarter ended October 10. Like-for-like sales were up 4.9% in the US and 1.6% in Canada. Net earnings grew 19.7% to $105.6m (£68m). President and chief executive Alain Bouchard said: “The economic ...
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News
Online emerges as Black Friday's big winner
Online emerged as Black Friday’s big winner with ComScore reporting that ecommerce rose 9% year on year to reach $648m. Coremetrics recorded a rise in the number of people logging on to a retailer’s website from a mobile device, up to 5.6% from less than 1% last year. Meanwhile, data ...
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News
Venezuelan government to acquire 80.1% stake in Cativen
France-based retailer Casino has confirmed the government of Venezuela is to pay $690m (£444m) for an 80.1% stake in its local retailer Cativen, and that it has signed a partnership agreement with the government.As part of the agreement, Casino will retain 19.9% of the company and continue to provide operational ...
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News
Walmart set to acquire 51% of Massmart
Walmart has made a cash offer of R16.5bn (£1.48bn) to buy a controlling 51% of South Africa’s Massmart Holdings, its first foray into the growing retail market in sub-Saharan Africa. Massmart will remain listed in Johannesburg if the deal is completed, it said. “The more we learn about South Africa ...
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News
Billa opens second convenience store in Innsbruck
Rewe Group’s Austrian supermarket division Billa has started rolling out its convenience store concept by opening the second Billa Box store in Innsbruck. The store covers just 540 sq ft, which compares with the 1,615 sq ft pilot store in Vienna, which was opened in November last year. Rewe plans ...
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News
Alon Holdings Blue Square Q3 sales down 0.2%
Supermarket operator Alon Holdings Blue Square reported total sales down 0.2% to ILS1.92bn (£330m) in the third quarter ended September 30 as a result of a decrease in non-food revenue. This was partially offset by a 0.2% increase in like-for-like sales, compared with a 2.5% decline in the prior year ...
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News
Galeries Lafayette to open in China in 2013
French department store retailer Galeries Lafayette is to open its first location in China in 2013. The Beijing store will be operated as a 50:50 joint venture between Galeries Lafayette and the Hong Kong-based fashion retailer IT, which is investing HKD150m (£12m) in the project prior to its opening. According ...
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NewsJohn Lewis to open in Middle East, according to reports
John Lewis is understood to be in talks to open department stores across the Middle East, according to reports.
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NewsBlack Friday sales edge higher in US
Black Friday, the post-Thanksgiving US sales day, has seen a slight rise in sales compared to last year according to early reports.