All International articles – Page 232
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News
Spinneys close to deal to open hypermarkets in Libya
United Arab Emirates-based retailer Spinneys is close to signing a deal to open two hypermarkets in Libya. Spinneys chief executive Michael Wright said: “The next market we will be entering is Libya, where we have an arrangement on the table. The first hypermarket should be open by the end of ...
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News
Atlantic sales down 18.5%
Supermarket chain Atlantic posted an 18.5% sales decrease to €106m (£88m) in the first quarter of 2010, while net losses increased from €2.4m (£1.9m) to €2.9m (£2.4m) year-on-year. Revenue in its retail outlets dropped 13.5%, while revenue in Atlantic’s wholesale business decreased 25.8% year-on-year.
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News
Euroset to remodel Russian stores
Mobile telephone operator Euroset will remodel its 3,000-plus stores in Russia after having negotiated a bank loan to finance the move. Euroset plans to increase its sales per square metre through the installation of modern store equipment, which, it says, should attract more consumers.
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News
Samsung Tesco Homeplus in talks to take over Kim’s Club Mart
Samsung Tesco Homeplus, Tesco’s South Korean venture, is in negotiations to take over local retailer Kim’s Club Mart. It has been reported that Samsung Tesco Homeplus has agreed to buy 98% of Kim’s Club Mart for KRW300bn (£165m).
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News
Furshet to launch discount format
Retailer Furshet has announced it will launch a discount format Narodny (National) in reaction to the difficult economic climate in Ukraine. Narodny outlets will each comprise 43,000 sq ft to 64,000 sq ft and offer about 16,000 product lines.
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News
Ito-Yokado plans monthly Sales
Seven & I-owned general merchandise retailer Ito-Yokado plans to conduct monthly Sales of hard-to-sell products at discount prices. The products include goods in damaged or out-of-style packaging, out-of-season items and those nearing expiry dates.
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News
Ikea to harmonise merchandise management systems
Ikea’s global franchise manager, Inter Ikea Systems, has started a new initiative to harmonise merchandise management systems across its international franchisee network.he Swedish home improvement retail franchiser has named K3 Business Technology Group as sole provider of Ikea’s core retail system.
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Opinion
Hot for hoodies?
The Middle East isn’t an obvious place to try to sell hoodies, but its move there shows Supergroup is on a roll.
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AnalysisFamilyMart pushes ahead with international growth
This year is set to be an important year for Japanese convenience store giant FamilyMart.
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AnalysisWalmart’s bid for world domination
With a renewed focus on price transparency, the US retailer plans to bring its value message to other countries. Jennifer Creevy reports from Bentonville
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AnalysisThe Chinese market
Last week Monsoon began a big push into China, where it is understood to be aiming to open up to 1,000 stores. Why are retailers heading east?
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NewsTesco signals global push with Philip Clarke’s promotion
The international chief’s appointment points to a step up in grocer’s global growth
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NewsSpain’s Cortefiel picks sites for first UK shops
Spanish retailer Grupo Cortefiel is to open its first UK stores by the end of the summer in Leeds, Livingston and the yet-to-open One New Change development in the Cityof London.
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NewsJD Sports pushes overseas growth with Paris store
JD Sports Fashion is making a further international push by opening stores in Paris under its JD fascia.
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News
TJ Maxx set to open first store in Puerto Rico
Developer Diversified Realty has announced the signing of a lease for the first TJ Maxx in Puerto Rico, at Plaza del Norte, a large regional shopping mall located at Hatillo in the northwest of the country. The store is expected to open in spring 2011.“We are very pleased that TJ ...
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News
Dick's to open 50 stores in 2 years
Dick’s Sporting Goods plans to open about 25 stores this year and the same number next year. But the retailer could increase the number of openings if developers start building shopping centres again, chief executive Ed Stack said.Speaking after Dick’s Sporting Goods annual shareholders meeting, Stack said he was comfortable ...
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News
First overseas Bloomingdale’s set for Dubai
Macy’s chairman, president and chief executive officer Terry J Lundgren has revealed the first Bloomingdale’s store overseas - a 200,000 sq ft unit opened in February in Dubai and licensed to Al Tayer Insignia - is already contributing to corporate earnings. He also disclosed at the company’s AGM that the ...
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News
New Reliance team charged with doubling business in 5 years
Reliance Retail has hired an expert retail management team from Thailand and Europe to spearhead its retail business.“The company has hired a team of 35 senior executives from various retail giants like Tesco Lotus of Thailand, European retail giant Morrisons and the US retailer Walmart. It will work under Gwyn ...
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News
Gome to invest in ecommerce
Chen Xiao, president of electrical appliances retailer Gome, has revealed plans to invest in ecommerce to grow sales. Online sales were just Yn400m (£40.4m) in 2009, accounting for less than 1% of total retail sales.About 40% of its products are now available for sale online and the service is only ...
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News
Lianhua to open 500 stores this year
Supermarket operator Lianhua plans to spend Yn600m (£60.66m) on opening 500 stores this year. They will include 15 shopping centres, 200 convenience stores and 285 supermarkets, mainly in the Yangtze River delta region. The retailer is looking to compete with the aggressive expansion of foreign players like Walmart and Carrefour.After ...