All International articles – Page 217
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NewsWalmart set to acquire 51% of Massmart
US grocery giant Walmart has confirmed its intention to acquire 51% of South African general merchandise and food retailer Massmart.
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NewsTesco Asia trip shows grocer is realising global rewards
Analysts believe Tesco is “beginning to enjoy the benefits of its global scale” after the grocer ran an investor trip to Asia this week.
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AnalysisWalmart to take on big cities with small stores
Today, Walmart’s influence across America’s heartland is unmatched, and now it is looking to prove its competitors wrong once again by reaching out to a new, unconventional consumer: the city dweller.
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Abercrombie & Fitch to open a flagship store in Dublin city centre
Fashion retailer Abercrombie & Fitch may open a flagship store in Dublin city centre, according to Irish newspaper The Herald. The news follows the recent announcement that the retailer is planning to open a Hollister store in Dublin’s Dundrum Centre. It is understood that Abercrombie & Fitch is in advanced ...
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Metro profit rises 10.6% to #7bn
Grocery retailer Metro recorded a 10.6% increase in net earnings for the year ended September 25, on sales up 1.3% to CAD11.34bn (£7bn). Net earnings reached CAD392m (£241m) versus CAD354.4m (£218m) last year.During the fourth quarter earnings climbed to CAD93.4m (£57.5m) from CAD84.4m (£52m) a year ago, on sales up ...
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Loblaw like-for-like sales drop after acquisition
Grocer Loblaw has reported sales of CAD9.6bn (£5.9bn) in the 16 weeks ended October 9, up from CAD9.5bn (£5.95bn) in the previous year, helped by the acquisition of Asian supermarket chain T&T.Like-for-like sales declined 0.4%. Gross profit increased by CAD152m (£94m), or 7%, to CAD2.3bn (£1.4bn) in the third quarter. ...
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Target Q3 sales up 3% to £9.5bn
Discount superstore operator Target has reported its financial results for the third quarter ended October 30. Retail sales increased 3% to $15.2bn (£9.5bn), from $14.8bn (£9.2bn) in 2009, due to a 1.6% increase in like-for-like sales combined with the contribution from new stores. EBIT for the retail segment came in ...
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Sears Holdings records £136m loss
Department store retailer Sears Holdings recorded a loss of $218m (£136m) for the three months ended October 30, from $127m (£80m) during the prior-year period. Sales declined 4.9% to $9.7bn (£6bn), primarily as a result of a 4.8% decrease in domestic like-for-like sales.The retailer said that results were hurt by ...
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Falabella Q3 profit rockets 236.8%
Falabella has reported net profit of CLP81.9bn (£102m) for its third quarter, 236.8% above the figure for the same period last year.Revenues for the period rose by 21.6% to CLP1.08trn (£1.3bn). The company opened five supermarkets during the period, one in Chile and four in Peru. In Peru Falabella also ...
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Carrefour considers Dia sale
Carrefour is reportedly considering the sale of its discount business Dia. According to reports the retailer has entrusted French bank BNP Paribas with a “strategic audit” of its discount business worldwide. A member of the retailer’s executive committee was quoted as saying: “The sale of Dia had already been considered ...
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X5 Retail Group launches provincial format under Pyaterochka-Maxi
X5 Retail Group has launched a new small town/provincial format operating under the Pyaterochka-Maxi banner in its domestic market. The first store opened at the Avtobus shopping centre in Syzran, in the Samara region.Pyaterochka-Maxi is a superstore-sized warehouse club with a sales area of 38,000 sq ft. It offers 7,000 ...
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Woolworths profit to rise between 8% and 11% in 2011
At its AGM, Woolworths chief executive Michael Luscombe said the company had experienced an extraordinary couple of years and profit would remain on course to rise between 8% and 11% in the 2011 financial year. Luscombe spoke of how Woolworths was preparing for its entry into the home improvement business ...
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NewsKarstadt appoints Andrew Jennings as chief executive
German department store group Karstadt has named Andrew Jennings as chief executive.
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NewsJ Crew sold for £1.9bn to private equity firms
J Crew, the American casualwear brand, has been sold to private equity firms TPG Capital and Leonard Green & Partners for $3bn (£1.9bn).
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NewsMaxeda's Hunkemoller bought by PAI
Dutch lingerie chain Hunkemöller has been sold to private equity business PAI.
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NewsTesco to quadruple sales in China
Tesco plans to quadruple its sales in China to £4bn within five years.
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NewsH&M opens first South East Asia store
H&M is to open its first store in south east Asia in central Singapore next year.
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NewsTesco sales "strong" in Asia as analyst trip kicks off
Tesco said its performance in its Asian business continues to be “strong” as it kicked off an analyst event in the region yesterday.
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AnalysisLands' End: Living the American dream
US retailer Lands’ End has come out of the shadows to reveal its expansion plans and a new target customer.