All International articles – Page 223
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News
FamilyMart breaks 5,000 store mark
FamilyMart, the country’s largest convenience store chain, has reported it has broken the 5,000 store mark for the first time. Local affiliate Bokwang FamilyMart now operates 5,002 stores in South Korea, the retailer’s largest market outside Japan. The continued expansion is part of FamilyMart’s ambition to have 25,000 stores globally ...
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NewsMarks & Spencer to open in Egypt
Marks & Spencer is to open its first store in Egypt within the next year.
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OpinionNo-design from the US
Travel, it is claimed, broadens the mind. This may be true, but a trip to the US tends to make you think how narrow the retail focus is in all but the biggest cities.
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AnalysisSocial media helps retail opportunities to pop up
Kellogg’s is the latest brand to make the transition into retail with the launch of its Pop-Tarts World in New York last week. The opening of a 3,000 sq ft store selling customised toaster pastries is certainly a novelty, even by Manhattan standards.
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News
JC Penney Q2 net income reaches £9m
JC Penney has reported net income of $14m (£9m) for the second quarter of 2010, compared with a loss of $1m (£640,000) for the same period last year. Like-for-like sales were positive for the second consecutive quarter, increasing 0.9% from last year, although total sales were down 0.1% at $3.93bn ...
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News
Gap to extend international shipping to 65 countries
Gap is offering international shipping to 55 countries, including Australia, Mexico and Brazil, and plans to extend coverage to 65 countries by the end of the year. The move marks the first time customers outside the US can buy items online from Gap, Banana Republic, Old Navy, Athleta and Piperlime.Ecommerce ...
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News
Nordstrom Q2 earnings rocket 38.6%
Department store chain Nordstrom has reported that its net earnings in the second quarter rocketed 38.6% to $146m (£93.5m). Sales rose 12.7% to $2.42bn (£1.55bn) while like-for-likes increased 8.4%.Multichannel like-for-likes were up 9.9%. Meanwhile, like-for-likes rose 8.2% at full-line stores and 34.1% in Nordstrom’s Direct channel. Nordstrom Rack reported a ...
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News
Delhaize reports mixed H1 results
Grocer Delhaize Group posted mixed first-half results. In Belgium revenues grew 5.5% to €2.34bn (£1.91bn), supported by 4.7% like-for-like growth and new store openings. Alfa Beta in Greece put in another strong performance with a 7.3% increase in revenues to €765m (£627m) and gained further market share.Operations in Romania and ...
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News
Uniqlo to open in prime locations in Japan
Fast Retailing is looking to improve profitability in Japan by opening Uniqlo stores in prime commercial facilities in Tokyo and other major cities. The company plans to open a 7,100 sq ft Uniqlo store in Tokyo Midtown, a new commercial complex in the high-end Roppongi district, as early as next ...
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News
Rona Q2 sales rise 2.1%
Home improvement retailer Rona has reported that consolidated sales rose 2.1% in the second quarter to reach C$1.4bn (£863.1m). Net earnings rose 12% to C$67.8m (£41.8m). Corporate and franchised stores’ sales were reported to have been strong in the early part of the quarter due to the gathering pace of ...
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News
A&P to close 25 stores
Tengelmann-owned grocer A&P has announced that it will close 25 stores in five US states in a move to stabilise its ailing business.According to the German company, stores affected include “locations in close proximity to other company stores, those facing real estate and cost issues, and underperforming non-core stores”. This ...
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NewsMarks & Spencer’s former Indian boss joins competitor
The former chief executive of Marks & Spencer’s Indian business, Mark Ashman, has jumped ship to run local rival Hypercity, which sells Waitrose products in the country.
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AnalysisNo retailer is an island
Island retailers face particular challenges, but these have helped them to head off the mainland multiples
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AnalysisRenewed interest in Middle East’s thriving retail scene
There seems to be a renewed interest from many of Planet Retail’s clients in the potential being offered by the Middle Eastern market, and to a lesser extent, the longer-term opportunities presented by Africa.