All International articles – Page 237
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News
Dollar General to open 600 stores this year
Fixed-price retailer Dollar General is gunning to open a further 600 stores over the next 12 months, creating about 5,000 jobs. The 5,000 anticipated new jobs come on the heels of about 4,000 jobs created by Dollar General in 2009, according to the retailer.Meanwhile, Dollar Tree reported record net sales ...
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News
Walmart cuts 300 head office jobs
Walmart is to cut 300 jobs at its headquarters in Arkansas as chief executive Mike Duke attempts to cut costs and make the retailer more efficient.In a memo sent to employees, Duke said managers were asked to look for opportunities to eliminate duplication and reduce costs when deciding which jobs ...
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News
US multiples’ like-for-likes up 3.3%
Retail Metrics reported that its index of multiple retailers’ same-store sales figures rose 3.3% - higher than the 2.4% forecast and the fifth successive month of positive year-on-year sales growth shown by the index.During January high street retailers and department stores reported an increase in sales.Macy’s same-store sales climbed 3.4% ...
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NewsChina to overtake US as world's largest grocery market
China is set to overtake the US as the largest grocery market in the world by 2014.
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AnalysisWalmart savings will fund improvements to US stores
Staying true to the first promise in its strapline “Save money. Live better”, Walmart is embarking on a series of organisational changes in an attempt to drive further efficiencies across the company.
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NewsLike-for-like sales rise across all of Gap's brands in January
American fashion giant Gap said sales in January began to gain momentum, up 5% to $798m (£506m) for the month.
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AnalysisPre-recession plans give Ahold strong US footing
A decade ago, Dutch retailer Ahold was present in 25 markets around the world.
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NewsLoblaw man Dalton Philips to succeed Marc Bolland at Morrisons
Dalton Philips, chief operating officer of Canadian grocer Loblaw, has been appointed chief executive of Morrisons.
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GalleryStore of the week: Superdry, New York
The eyes of many British retailers seeking to advertise that they are global brands seem, in many high-profile instances, to turn more readily towards the US than Europe when a judgement is made about where to go next.
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AnalysisRecovering US retailers’ plan of attack
The rules of retail in the US have changed, but the impact will be felt worldwide. Joanna Perry reports from New York
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OpinionBreaking into new markets with clicks not bricks
One of the best things that the Internet has allowed retailers to do is test new markets in a relatively low-risk, inexpensive way.
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News
Auchan to launch new discount store
Hypemarket operator Auchan is to launch a new discount format at Mulhouse in eastern France, by rebranding one of its underperforming stores.The store will adopt a new banner, called Priba by Auchan. Employees of the store were told about the change on December 24 by store director Marc Du Colombier.The ...
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AnalysisAldi could shake up the New Zealand food market
There’s been some interesting speculation that Aldi - which has really made waves in Australia - is actively looking to enter the grocery sector in New Zealand, registering myriad trademarks and also dispatching staff to scope out potential sites.
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News
Al Hokair to expand in the Middle East
The board of Saudi Arabian retailer Al Hokair has approved an expansion plan that covers Kazakhstan and could eventually include Egypt, Jordan and the United Arab Emirates.The group, which specialises in fashion retailing - including franchises for Inditex and M&S - and foodservice, would not disclose further details, saying only ...
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News
Fast Retailing revenues up 40%.
Fashion giant Fast Retailing revenues rocketed 40% year on year for its first quarter to November.Same-store sales jumped 21% and operating profit soared 49% to JPY61.1bn (£419m).Fast Retailing said the performance was driven by new products, the opening of its Paris Uniqlo global flagship store, the launch of the +J ...
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News
Marty Hamnett to retire
Marty Hamnett, general manager of supermarket operations at Australian outfit Woolworths, is to retire at the end of the financial year after 40 years with the retail giant.Formerly general manager of the company’s Big W general merchandise division, Hamnett led the integration of Progressive Enterprise, the New Zealand supermarket business ...
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News
Jumbo sales to grow
Dutch supermarket and superstore operator Jumbo is expecting total sales to grow 20% to 25% in 2010, including sales from the converted stores it acquired from Casino’s Super de Boer chain late last year.During the year, Jumbo plans to convert a further 40 Super de Boer stores to the Jumbo ...
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News
Metro pulls out of deal with Privileg
Metro Group-owned consumer electronics superstore operator Media-Saturn is understood to have pulled out of a deal to acquire the Privileg household goods private label.The label - the German market leader in washing machines, tumble dryers and kitchen stoves - was bought by the Otto mail order group from Arcandor in ...
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News
Seventh Continent sales soar
Grocer Seventh Continent posted net sales soared 22.5% to RUB39.9bn (£792m) in 2008, according to documents prepared in accordance with International Financial Reporting Standards (IFRS).Growth was driven by the expansion of the company’s store base. Like-for-like sales climbed 10.4%.
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Analysis
Festive sales held up but expect a bleak first quarter
The first sets of Christmas trading results have started to trickle in this week and by all accounts Christmas 2009 is unlikely to have been the disaster that everybody was expecting.