All International articles – Page 235
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News
Walmart to accelerate its roll-out in India
Walmart plans to accelerate its roll-out of wholesale stores in India. Walmart India chief Raj Jain said the retailer plans to open 10 to 12 wholesale centres in India over the next two to three years, bringing forward an earlier target of five years.The move comes as real estate prices ...
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Carrefour to enter India
Carrefour has announced plans to enter India in July with its first cash-and-carry outlet in New Delhi. The retailer will then open three or four more wholesale outlets around the country by the year’s end.The retailer has sourced properties in New Delhi, Bangalore, Chennai and Hyderabad and will soon sign ...
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Tesco appoints chief executive officer of its Malaysian operations
Tesco has appointed Tjeerd Jegen as chief executive officer of its Malaysian operations. He replaces Chris Bush, who has taken over as chief executive of Tesco Thailand.Jegen will be responsible for all areas of the Tesco Malaysia business, from operations to marketing, finance and corporate affairs, across the division’s 33 ...
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Debenhams to open its first department store in South Korea
Debenhams is expected to open its first department store in South Korea at the end of this year. South Korean retailer Deben said it signed an exclusive deal with Debenhams in October last year to open and operate branches of the department store in the country.
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NewsAustralian chain Coles poaches UK retailers
Australian grocer Coles has hired another clutch of UK retailers, reporting to retail and operations director Stuart Machin.
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AnalysisHow to crack the challenge of retail in India
India is a market in transition, where organised retail has only recently made inroads. But how can retailers tap this burgeoning market and what are the pitfalls? John Ryan reports from Mumbai
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AnalysisCrisis in Greece hampers international retailers
International retailers such as Delhaize Group, which has seen almost double-digit growth every quarter for the past two years in Greece, will be watching the situation there closely.
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GallerySussan, Melbourne
It is not often that fashion from Down Under features in these pages, but Australian fashion retailer Sussan opened this flagship store in the refurbished Chadstone Mall in Melbourne earlier this year, following a design created by London consultancy HMKM.
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News
A&P posts Q4 loss of £113m
Tengelmann-controlled A&P has announced its fourth-quarter and full-year results for the 12 and 52 weeks ended February 27, 2010.Fourth-quarter net loss was $171.4m (£113.85m), up 53% compared with the net loss of $112.1m (£74.46m) a year earlier. Overall sales fell 12.9% to $2bn (£1.33bn), while like-for-like sales were down 4.8%. ...
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News
Delhaize Q1 revenue up 1.7%
Delhaize Group posted 1.7% revenue growth In the first quarter of 2010 at identical exchange rates.At actual exchange rates, revenue decreased 2.3% to e4.97 bn (£4.48bn), due to the weakening of the US dollar by 5.8% against the euro compared with the first quarter of 2009. Organic revenue growth was ...
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News
Bim Q1 proftis up 20%
Hard discount retailer Bim reported that its net profit rose 20% in the first quarter of 2010, up to TRL66m (£28.5m), and is on track to beat its 2010 profit and turnover targets. Sales climbed 29% to TRL1.58bn (£682.69m).
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News
Big W launches online
Woolworths’ discount department store, Big W, has launched an online store, allowing web-based shoppers access to more than 4,000 items from its range, including 600 items that are not available in-store.
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News
X5 to increase Express Retail stake
X5 Retail Group has announced an agreement to acquire an additional 20% stake in Express Retail for $6m (£4m).Express Retail is a joint venture operating 52 Perekrestok-Express convenience stores around Moscow, and is developing several franchising projects in this segment. The purchase brings X5’s total ownership interest to 60% of ...
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News
Ikea postpones Ukraine expansion plan
Ikea has postponed a plan to build a network of stores in Ukraine.Oksana Belaichuk, Ikea’s public relations director for Russia and the Commonwealth of Independent States, said: “The leadership of the Ikea group of companies has decided to suspend the search for new land plots and temporarily postpone the plan ...
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News
ICA Group reports increased sales
Ahold’s ICA Group has reported increased sales and improved operating income for the first quarter of 2010.Net sales for the first quarter amounted to Skr22.72bn (£2.11bn), up 0.7% on the same period last year. At constant exchange rates, net sales grew 1.7%. Operating income amounted to Skr620m (£57.51m), up ...
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NewsMarks & Spencer opens first Hong Kong food store
Marks & Spencer opened its first Hong Kong standalone food store today after a successful trial of its Food to Go range in four shops there.
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NewsInternational spend hit by flight ban in April
International shopper spend in the UK fell 16% year-on-year in April as the volcanic ash cloud impacted tourism.
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OpinionKiss, kiss
Next week, fashion retailer All Saints opens its first store in New York. K.I.S.S or ‘keep it simple stupid’ might be the executive summary.