All International articles – Page 226
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News
Matahari H1 sales reach £200m
Matahari has recorded total gross sales of IDR3.18trn (£200m) in its first-half, with operating income and net earnings reaching IDR391bn (£300,000).This solid sales performance is supported by 8.3% like-for-like sales growth from its department store business last year.
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News
Rewe sees potential for 150 Billa Box stores
Rewe Group chief executive Frank Hensel sees potential for up to 150 Billa Box convenience stores, Hensel has told Austrian daily Kurier. The first Billa Box pilot was launched last year in central Vienna, trading from 1,600 sq ft.
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News
Ahold Q2 net sales up 10.8%
Food retailer Ahold saw net sales in the second quarter of 2010 climb 10.8% to €7.1bn (£5.8bn) compared with the same quarter last year, up 4.4% at constant exchange rates.This was positively impacted by business acquisitions in the first quarter, mainly Ukrop’s in the US.
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Couche-Tard Q1 profits up 42.2%
Convenience store operator Couche-Tard reported a 42.2% profit rise for the first quarter ending July 18.The retailer also announced it is to acquire 10 stores from US-based retailer Compac Food Stores. The profit rise was attributed to higher merchandise and service sales, strong petrol margins and good cost control.
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NewsTesco joins auction for Carrefour’s Asian shops
Food and hypermarkets giant Tesco is among the 10 bidders for French counterpart Carrefour’s south-east Asian assets.
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AnalysisWalmart US backtracks as its sales figures disappoint
Walmart has reported net sales of $103bn (£66.3bn) in the second quarter, compared with $100bn (£64.37bn) in the same period last year.
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News
Suning to purchase 21m in shares in LaOX
Chinese consumer electronics retailer Suning is to purchase a further 21 million shares in Japanese retailer LaOX. After the purchase, Suning will hold 33.08% of LaOX shares. Suning will also nominate two new board directors, which needs to be approved later by the shareholders.
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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 ...