All International articles – Page 229
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News
Wadhawanto shut Spinach stores
Wadhawan Retail is to shut its Spinach food and grocery stores. Most of the 45 Spinach stores are to close by the end of this month and many suppliers are said to have ended their relationship with the company due to outstanding bills. Spinach has 35 stores in Mumbai and ...
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News
Australian Woolworths full-year sales up 4.2%
For the year ending June 27, Woolworths reported sales up 4.2% to Aus$51.7bn (£30bn). Like-for-like sales from domestic grocery outlets gained 3.3%. Food and alcohol sales for the year showed strong growth to Aus$34.68 bn (£20bn), an increase of 5.1% from the previous year.In its fourth quarter, food and alcohol ...
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News
7-Eleven Australia set to acquire Exxon Mobil petrol stations
Seven & I-owned 7-Eleven in Australia has confirmed it has been given permission to acquire all 295 petrol stations belonging to Exxon Mobil in the country. The Australian Competition and Consumer Commission did not oppose the acquisition on the condition 7-Eleven divested three sites, one in New South Wales and ...
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OpinionIndian take-aways
The Prime Minister has taken a delegation out to India to show off our businesses and culture; but when it comes to retail and technology the ideas flow won’t be all one way.
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NewsDune to expand overseas with up to 150 stores
Footwear retailer Dune Group aims to generate 20% of its total sales from its overseas business over the next five years as it grows its international stores from 20 to between 120 to 150.
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NewsSuperGroup to expand in UK and abroad after good results
SuperGroup, the fashion retailer that owns the Superdry and Cult chains, is on the expansion trail following a strong set of annual results since becoming a quoted company.
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AnalysisHow UK retail is extending its franchise
Franchising helps overseas ventures, but how do you decide whether to run company-owned stores or take the franchise route?
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NewsTesco to open standalone F&F shop in Prague
Tesco has confirmed it will open a standalone store for its F&F clothing brand in Prague in October.
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News
Aldi Süd pulling out of Greece
German hard discount retailer Aldi Süd is pulling out of Greece, the company has confirmed.“Aldi Süd intends to discontinue its operation of 38 stores in Greece [while it is] in talks with interested parties for the acquisition and continuation of activities,” Aldi said, without providing further details.The market exit - ...
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News
Massmart to acquire Pupkewitz Megabuild
South Africa-based Massmart has announced the acquisition of Namibian DIY retailer Pupkewitz Megabuild for an undisclosed price. The deal, which is part of Massmart’s ambition to expand further into Africa, has been approved by Namibia’s competition authorities. Pupkewitz Megabuild operates 16 stores, employing 600 staff.
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News
Almali hopes to resume operations
Baku-based supermarket chain Almali hopes to resume operations following the news that its owner, ADA Group of Companies, is in negotiations with investor CRG Capital to raise funds.Local reports suggest that CRG Capital plans to invest $5m to $7m (£3.27m to £4.6m) in the retail business, which suspended operations in ...
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News
Inditex plans to move into Australia
Inditex has announced plans to move into Australia next year as the retailer pushes ahead with its aggressive international expansion.The decision to enter the new market was announced at the company’s annual general meeting at its headquarters in Arteixo, in Galicia.Of the 343 new stores that Inditex opened last year, ...
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NewsLK Bennett to launch in the US
Women’s footwear and fashion retailer LK Bennett is to enter the US market, with plans to open up to 100 stores, it is understood.
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News
US Senate passes bill to regulate swipe fees
US retailers have hailed as a victory a bill passed in the Senate regulating bank fees imposed on payment card transactions.
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AnalysisThailand exit likely as Carrefour rationalises
Carrefour has spread itself too thin and now, faced with ongoing pressure from shareholders to improve profitability, is on a path to divest non-core markets.
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News
Family Dollar Stores Q3 income up 19%
Family Dollar Stores has reported that net income increased 19% to $104.4m (£69.3m) in the third quarter. Sales for the third quarter of fiscal 2010 were about $1.99bn (£1.32bn), an increase of 8.4%. Like-for-like sales increased 7%. The increase in like-for-like sales was a result of increased customer traffic, as ...
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News
Fnac in talks over Éveil & Jeux
Entertainment and electronics retailer Fnac, owned by PPR, has announced that it has entered into exclusive negotiations with ID Group for the sale of its 41-strong toy store chain Éveil & Jeux.ID Group is a specialist in the children’s market with brands such as Okaïdi, Obaïb and Jacadi and is ...