All International articles – Page 231
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AnalysisCanada’s Sobeys benefits from innovative strategy
Sobeys’ results - although by no means spectacular - are thoroughly respectable in a Canadian grocery sector that is becoming ever more competitive.
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OpinionRetail surgery: What help can we get from the Government as we try to expand our business internationally?
What help can we get from the Government as we try to expand our business internationally?
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News
Walgreens Q3 sales up 6.1%
Drugstore operator Walgreens has reported $463m (£307m) net earnings for the third quarter ended May 31, down from $522m (£346.5m) in the same period of last year. Third-quarter sales increased 6.1% to a record $17.2bn (£11.41bn). Total sales in comparable stores increased 0.7%, while like-for-like store front-end sales increased 0.1%.Front-end ...
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News
Bed Bath & Beyond Q1 sales up 13.5%
Bed Bath & Beyond has posted a net sales rise of 13.5% to $1.92bn (£1.27bn) for the first quarter of 2010. Like-for-like sales increased by about 8.4%. Net earnings rocketed 58% to $138m (£91.6m).During the first quarter the retailer opened two Bed Bath & Beyond stores and two Buybuy Baby ...
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News
Mercator drops Merkur acquisition plan
Mercator, the country’s largest food retailer, has abandoned its plans to buy local rival Merkur due to issues with Merkur’s creditors. Last month Mercator signed a letter of intent to buy Merkur’s retail network, but Merkur’s bank creditors decided against the sale of any part of the company. Merkur, which ...
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News
Gap plans to open stores in China
US retailer Gap plans to open two stores each in Beijing and Shanghai later this year and will offer online shopping in China.The fashion retailer said the store openings are part of a long-term expansion strategy that involves more stores in major regions, including Hong Kong. The China stores will ...
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News
Sa Sa profit up 20.6%
Asian beauty retailer Sa Sa reported group turnover for the year ended March 31 rising 13.9% to HK$4.11bn (£350.7m). The group’s profit for the year grew 20.6% to HK$381.1m (£32.5m).In Hong Kong and Macau, the group’s turnover increased 10.3% to HK$3.29bn (£280.8m). Sales in mainland China market increased 61.3% while ...
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News
Chen Xiao to step down as Gome president
Chinese electronics retailer Gome has announced that Chen Xiao is to step down as president. Xiao will remain as chairman. He has held both roles since January 2009. Wang Junzhou has been named as president.The news follows Gome’s closure of some loss-making stores in recent years.
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News
Galeries Lafayette opening stores in China and Indonesia
French department store retailer Galeries Lafayette aims to open stores in China and Indonesia. The chain had already opened stores in Beijing, Singapore, Seoul and Tokyo in the 1990s but they were unprofitable and closed down.Galaries Lafayette is taking a more careful approach to Asian expansion this time and has ...
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News
H&M Q2 sales rocket 24%
Clothing retailer H&M has announced its financial results for the first half ended June 22. Group net sales were up 4% to SEK51.88bn (£4.46bn), while group net profit was SEK8.95bn (£770m). Group net sales for the second quarter jumped 2% to SEK27bn (£2.32bn) and group net profit for the second ...
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News
Harvey Norman’s Irish losses mount
Blaine Callard, the chief executive of Australian electronics retailer Harvey Norman’s Irish operations, has stated that the company is “not going anywhere” and would persist despite difficult trading conditions.Callard made the comments in spite of a nine-fold increase in losses last year, up to €40m (£33m). He added that the ...
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NewsTesco to grow 50% by 2014, report predicts
Supermarket group Tesco is expected to grow by 50% to become a $146bn (£97bn) business by 2014, according to Planet Retail’s 2010 Global Retail rankings.
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NewsWaitrose to take Duchy Originals to America
Waitrose is making its first foray into America by selling Prince Charles’ Duchy Originals in the US.
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NewsTed Baker targets China and Japan for big roll-out
Quirky fashion retailer Ted Baker is targeting China and Japan as it continues its aggressive international drive.
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AnalysisKingfisher’s French connection
Kingfisher’s French arm has been an unsung hero for the DIY giant, achieving strong results in a tough market. Nicola Harrison reports from Lyon
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AnalysisCan Rewe Group continue its scale of sales growth?
German-based retailer Rewe Group passed the €50bn (£41.5bn) sales threshold for the first time last year. Total sales reached €50.91bn (£45.9bn) in the 2009 financial year - 2.7% up on the previous year. The number of stores increased 5% over the same period.Rewe’s sales clearly outperformed the overall market, with ...
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NewsMamas & Papas enters US in Toys R Us tie-up
Nursery retailer Mamas & Papas has landed a deal with the world’s biggest toys and parenting specialist Toys R Us to launch the Mamas & Papas brand in the US through Babies R Us stores.
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AnalysisInternational expansion: A world of opportunity for retailers
As UK growth slows talk of overseas expansion is once again high on the retail agenda, but retailers need to pick their international markets with care, finds Liz Morrell
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News
Toys R Us Q1 net sales up 5.3%
Toys R Us posted $2.61bn (£1.77bn) net sales for the first quarter of 2010, a 5.3% increase on the previous year. Domestically like-for-like sales grew 1.9% , while international like-for-likes declined 1.4%.
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News
Dollar General sales jump 11.9%
Dollar General revealed a sales jump of 11.9% to reach $3.1bn (£2.1bn) for the first quarter of 2010. Like-for-like sales grew 6.7%, compared with 13.3% for the same period last year. Customer traffic and average transaction both contributed to the increase and the group reported that sales were strongest in ...