All International articles – Page 227
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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.
-
GalleryDer Bäcker Ruetz, Kematen in Tirol, Austria
If you venture into the Austrian Tirol you can get a sense of the traditional baker that has more or less vanished at everywhere but the top end in the UK.
-
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.
-
AnalysisNo retailer is an island
Island retailers face particular challenges, but these have helped them to head off the mainland multiples
-
News
Hutchison Whampoa reports sales for its retail division grew 8% to £4.63bn
AS Watson’s parent, Hutchison Whampoa, has reported sales for its retail division grew 8% to HK$57.5bn (£4.63bn). EBIT increased 52% (54% in local currencies) to HK$2.8bn (£226m). The group reported weak consumer sentiment in some of its operating markets, but attributed the profit improvement to top line growth through organic ...
-
News
Conglomerate Mercator to acquire the retail business of Coka
Slovenian-based retail conglomerate Mercator has signed an agreement to acquire the retail business of Serbian company Coka. Mercator says the move will boost its position as the second-largest retailer in Serbia. Under the strategic partnership agreement between Mercator S and Coka Holding, the subsidiary of the Slovenian grocer will obtain ...
-
News
OfficeMax Q2 sales decline
Stationery specialist OfficeMax reported a 0.3% decline in sales to $1.7bn (£1.1bn) for its second quarter ending June 26. Its retail segment experienced a 0.5% fall in sales to $773m (£484m). Like-for-like sales were down by 0.3%.OfficeMax chairman and chief executive Sam Duncan said: “Based on our performance in the ...
-
News
CVS to roll out Redbox DVD rental kiosks
Drugstore operator CVS will roll out Coinstar’s automated Redbox DVD rental kiosks at locations across its mainland US, Puerto Rico and Longs Drug outlets in Hawaii. The roll-out, which follows a successful pilot programme, will start this quarter with about 700 installations by the end of this year and is ...
-
News
Barnes & Noble considers sale
Barnes & Noble’s board of directors is to consider selling the company as part of an evaluation of strategies to increase stockholder value. The board believes the retailer’s shares are significantly undervalued.Evaluating strategic alternatives will be overseen by a committee of four independent directors who will make recommendations to the ...
-
News
Burlington Coat Factory announces sales rose 4% to £456m in Q2
Burlington Coat Factory has announced that net sales for its second quarter ending July 31 rose 4% to $728.8m (£456m). Like-for-like sales increased 0.3% for the quarter. Chief executive Tom Kingsbury said: “We are pleased to report our second consecutive quarter with a positive like-for-like sales performance, which contributed to ...
-
News
Whole Foods Market reports net income rocketed 53.5% in Q3
Whole Foods Market reported net income rocketed 53.5% to $65.7m (£41.1m) for its third quarter. Total sales increased 15% to $2.2bn (£1.4bn), while like-for-likes were up 8.8%. Whole Foods also boosted sales through a focus on opening smaller stores. Co-chief executive Walter Robb said: “We know that the economy is ...
-
News
Grupo Pão de Açúca to roll out Extra Supermercado fascia
Grupo Pão de Açúcar is to convert 170 CompreBem and Sendas supermarkets to a new fascia Extra Supermercados, by the end of 2011. 16 stores have already been converted, comprising 10 CompreBem in São Paulo and six Sendas in Rio de Janeiro.The retailer plans to convert 61 stores by the ...
-
News
SM Investments' records retail division profits up 25% to £39m
Supermarket and department store operator SM Investments reported its retail division’s profits were up 25% to PHP2.8bn (£39m) in the first half. The growth was attributed to increased operational efficiency and economies of scale resulting from expansion. Total sales were up 12% to PHP63.4bn (£883m). President Harley Sy said: “We ...
-
News
Arnotts chairman leads board reshuffle
Mark Schwartz, who was appointed chairman Arnotts yesterday, has led a reshuffle of the board ofthe Irish department store and is reviewing its senior management team.
-
NewsUSC sells overseas through website
Young fashion chain USC is selling online to 10 European countries in a bid to tap into growing traffic from overseas.