All International articles – Page 233
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News
Kopeika plans IPO
Grocery chain Kopeika plans an IPO this autumn. It is thought the Moscow-based retailer will offer about 30% of its shares. Possible buyers include X5 Retail Group or Walmart.An acquisition of a minority stake in Kopeika would be a good move for X5, as Kopeika competes with X5’s Pyaterochka stores ...
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News
Pottery Barn to open in Kuwait
Home furnishings retailer Williams-Sonoma will open its first Pottery Barn and Pottery Barn Kids stores in Kuwait on June 16 as part of a multi-year deal with MH Alshaya Company. The 17,220 sq ft Pottery Barn and 8,070 sq ft Pottery Barn Kids stores will be located at The Avenues ...
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News
Ahold Q1 profits up 45.7%
Dutch retailer Ahold posted a 45.7% rise in first-quarter net profit to reach €274m (£226.6m), mainly due to changes in its estimates for provisions for its former subsidiaries.It posted a 1% sales increase in its first quarter to reach E8.7bn (£7.2bn), a 3.4% increase at constant exchange rates. Operating income ...
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NewsMonsoon guns for 1,000 stores in China push
Womenswear retailer Monsoon is understood to be plotting a roll-out of as many as 1,000 stores in China within the next five years.
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NewsAll Saints smashes sales targets after low-key New York launch
All Saints has put British fashion firmly on the global map after it racked up sales of nearly $1m (£680,000) in its first week of trading on New York’s Broadway.
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AnalysisTengelmann loses its appetite for food retail
The extraordinary transformation of the Tengelmann Group has taken another leap, with the sale of its 300-outlet Austrian discount division Zielpunkt to Luxembourg-based investment and restructuring fund BluO.
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NewsLululemon hunts UK site
Canadian yoga-inspired sportswear retailer Lululemon is searching for its first European store in the UK.
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News
US Borders narrows loses
Borders has reported a reduced loss in its first quarter, but sales at the bookseller continue to decline as consumers shifted to digital media offered by rivals.The net loss narrowed to $64.1m (£44.3m) in the three months to May 1, from $86m (£59.5m) a year earlier. Revenue dropped to $547.2m ...
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News
Costco Q3 sales up 12%
Costco has reported $17.4bn (£11.93bn) net sales for the third quarter, a 12% year-on-year increase.The results were driven by increased sales of fresh foods, clothing and homewares. Comparable sales for the quarter grew 10%, with a 6% rise at US stores and a 26% rise overseas. In constant currency terms ...
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News
Hornback full-year sales rise 3.7%
DIY retailer Hornbach has released its financial results for the year ended February 28, when sales rose 3.7% to €2.85bn (£2.42bn). EBIT fell 15.4% to €151.5m (£128.5m).In Germany, store sales increased 2.8%, and 1.8% on a like-for-like basis. Meanwhile, Hornbach’s international division grew 4.2%, although like-for-like sales contracted by 0.9%. ...
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News
Spar posts 5.5% global sales increase
Spar International posted a 5.5% global sales increase for 2009 to reach €28.5bn (£24.18bn).Spar Austria Group achieved sales up 3.2% to €11.3bn (£9.59bn), including shopping centres, while the UK notched up €3bn (£2.55bn), up 2% on 2008. Its South African operations posted strong year-on-year growth, with retail sales increasing 14% ...
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News
Gap to enter India
Gap has revived plans to enter the Indian market, according to the local press.Ron Young, senior vice-president of Gap International Strategic Alliances, was recently in the country, suggesting that the company is making preliminary moves to set up shop in India.Gap’s team has sounded out prominent Indian apparel makers including ...
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News
7-Eleven Australia to acquire Exxon Mobil petrol stations
7-Eleven Australia has confirmed it is to acquire all 295 petrol stations belonging to Exxon Mobil in the country.The deal comes after Exxon Mobil’s agreement to sell the petrol stations to Caltex Australia was blocked by antitrust regulators on competition grounds. The deal will see the number of 7-Eleven stores ...
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News
Carrefour China in talks for Baolongcang outlets
Carrefour China is in talks with local hypermarket operator Baolongcang to buy out its outlets, the local press has reported.Baolongcang has 14 hypermarkets in small cities in Hebei and Shandong province. It reported total sales of CNY3.16bn (£317.2m) in 2009.Wu-Mart and China Resources Enterprise are rumoured to also be interested ...
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News
Carrefour Poland to focus on franchise network
Carrefour Poland is to switch its focus from large developments in big towns to its franchise network.The retailer will expand its network of 330 sq ft to 1,310 sq ft franchise shops in housing estates in smaller towns, according to local press. Carrefour said that 50 to 60 such shops ...
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News
Toys R Us plans renewed float
Toys giant Toys R Us is set to become a public company again with plans to float for $800m (£548.6m).The retailer, which has 1,363 stores in 34 countries, including 75 in Britain, said it hopes to use some of the money raised to pay off a portion of its debt. ...
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NewsInditex and H&M break into new markets
Two of Europe’s largest fashion retailers Inditex and H&M have taken their first steps into new growth markets this week; with Inditex opening its first store in India and H&M announcing its first opening in Turkey.
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NewsKim Winser looks globally for Agent Provocateur
Agent Provocateur chairman Kim Winser is in talks with potential franchise partners in Japan and South America to accelerate the lingerie retailer’s international expansion.
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AnalysisCompetition heats up in Latin American pharmacy sector
Last week saw a major acquisition in Latin America that promises to transform the region’s pharmacy and drugstore sector.
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NewsAurum wants Mappin to be ‘next Tiffany’
Jewellery group Aurum aims to lift sales above £350m this financial year with a plan to turn Mappin & Webb into “the next Tiffany”.