All International articles – Page 220
-
News
Lawson to acquire HMV Japan for £14m
Convenience store retailer Lawson is to acquire music and video retailer HMV Japan on December 1 for ¥1.8bn (£14m). All of HMV Japan’s shares will be purchased from Daiwa Securities SMBC Principal Investments Co. HMV Japan runs 37 stores in Japan. Lawson hopes that the acquisition will help boost its ...
-
AnalysisWalmart rethinks majority stake offer for Massmart
The latest news from South Africa suggests Walmart is considering scaling back its offer to acquire a majority stake in Massmart following discussions with its shareholders. Walmart had previously announced a non-binding proposal, which could lead to a cash offer to acquire the entire issued share capital of Massmart, on September 27.
-
NewsM&S mulls plot to return to Europe
Marks & Spencer is understood to be plotting a return to mainland Europe by buying back shops that it sold almost 10 years ago, according to reports.
-
AnalysisUS stores gear up for the third largest retail event
This week, US retailers will be getting out the fake spider webs and Lady Gaga costumes for the country’s third largest retail event. US Halloween sales are expected to reach $5.8bn (£3.7bn), according to the National Retail Federation (NRF).
-
AnalysisA world of international retail opportunities
Emerging markets globally have retail potential, but could any be the new China? By Tim Danaher
-
News
Anti-Japan protests close Isetan Mitsukoshi store
Japan-based department store group Isetan Mitsukoshi was forced to suspend operations at its store in Chengdu in Sichuan province in China due to violent anti-Japan protests. As Japanese retail stores may remain targets of protests, it is uncertain whether Isetan Mitsukoshi can implement store opening plans in China. At present, ...
-
News
dm group sales increase 8.8% to £4.73bn
Drugstore operator dm reported gross group sales rose by 8.8% to €5.65bn (£4.73bn) in its 2009 fiscal year. In Germany sales reached €4bn (£3.35bn), growing by 8.7%. Chairman and chief executive Erich Harsch said that dm was aiming for market leadership and that it was going to close the gap ...
-
News
Picard Surgeles acquired by private equity firm
Frozen food retailer Picard Surgeles has been acquired by private equity firm Lion Capital from BC Partners for €1.52bn (£1.27bn). The completion of the deal follows approval by the European regulatory authorities at the beginning of the month. The takeover price included €590m (£494m) in cash, while the remaining funding ...
-
News
A&P Q2 sales decrease 10% to £1.22bn
Tengelmann-controlled A&P said that sales during the second quarter declined by 10% to $1.9bn (£1.22bn). Like-for-like sales fell 6.6%. Loss from continuing operations amounted to $143m (£92m), more than double the $62m (£40m) posted a year earlier. As the company’s financial situation continued to be pressured, A&P insisted its turnaround ...
-
News
SuperValu reports Q2 £945m net loss
US grocer SuperValu has reported a net loss of $1.47bn (£945m) for the second quarter ended September 11. Net retail sales amounted to $8.7bn (£5.6bn) while retail food net sales declined 9.7% to $6.7bn (£4.3bn). The decline was primarily a result of the impact of an like-for-like store sales fall ...
-
News
Pick n Pay H1 pre-tax profit falls by 25.5% to £61m
The country’s second-largest grocer Pick n Pay reported that its pre-tax profit fell by 25.5% to R682.1m (£61m) in the first half to 31 August, despite sales growth of 6% to R25.2bn (£2.26bn). Chief executive Nick Badminton described the past 12 months as the most challenging the company had faced ...
-
News
Higher than expected sales for Indian retailers during Diwali
Indian retailers reported higher than expected sales during the festive Diwali season, with premium electronics emerging as one of the strongest categories. Products such as 3D, LED and large LCD and plasma televisions, white goods, branded clothing, cameras and Smartphones were among those pushing up average bill sizes by 15% ...
-
News
Woolworths Q1 sales increase 4% to £8.4bn
Woolworths reported a 4% rise in first-quarter sales to Aus$13.91bn (£8.4 bn). Sales at the company’s food and liquor division in Australia for the quarter increased by 3.2% to Aus$9.29bn (£5.6bn), as like-for-like sales rose 2%. Woolworths’ New Zealand supermarkets sales had an even stronger increase of Aus$1.07bn (£642m) during ...
-
News
Coles Group Q1 sales increase 4.9% to £4.5bn
Coles Group posted a rise of 4.9% in sales to Aus$7.49bn (£4.5bn) for its first quarter ended September 26. The retailer’s strong performance was attributed to lower prices and last year’s revamping of its fresh food areas. Growth rates at the chain proved to be outpacing larger rival Woolworths as ...
-
News
Ikea aims to double stores in China
Ikea has said it aims to more than double the number of stores in China to 18 by 2015, from the current eight. As part of this plan, shopping centre construction company Inter IKEA Centre Group is to open its third mall in China, in Wuhan, Hubei province. IKEA China ...
-
NewsRose: internet will be Marks & Spencer's international launchpad
The web will be an “advance guard” into new markets for Marks & Spencer, chairman Sir Stuart Rose told the World Retail Congress in Berlin this morning.
-
NewsGeorge Davies sets January date for kidswear venture
Fashion entrepreneur George Davies has revealed further details of his forthcoming Middle East-based kidswear chain, including the name of the operation and the launch date of the first store.
-
NewsHolland & Barrett owner eyes £1bn sales for next five years
Holland & Barrett owner NBTY Europe is targeting £1bn of sales over the next five years following its takeover by US private equity firm Carlyle Group.
-
AnalysisWalmart turns attention to small-format US stores
At its annual investor conference last week, Walmart announced plans to roll out 30 to 40 medium and small-sized stores in the US next year.
-
AnalysisBen Gordon
Not only has the Mothercare boss given the maternity retailer a clear vision, he has turned it into an international force to be reckoned with