All International articles – Page 239
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News
Barnes & Nobel e-commerce boss becomes chief executive
Barnes & Noble has promoted William Lynch, who currently heads Barnesandnoble.com, to the position of chief executive, replacing Steve Riggio.The bookseller said that Riggio will be actively involved with the company and will stay on as vice-chairman.Lynch has been president of Barnes & Noble’s website since February last year and ...
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South Africa Woolworths launches own-label range
Woolworths has launched an own-label range called Woolworths Essentials.The range features core products across all food departments, as well as household cleaning products and toiletries. Launched in mid-March, the offer will grow to almost 200 items by the end of May 2010. The products will sell at prices up to ...
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News
Trius appointed Carrefour Europe executive director
Vicente Trius has been appointed Carrefour executive director for Europe.Taking responsibility for Belgium, Spain, Italy, Poland, Greece, Cyprus and Romania, the 52-year-old Spaniard will start work on May 3.Trius has previously spent 15 years working at Walmart, where he was vice-president of international operations for Latin America.James McCann, the former ...
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Praktiker reviewing store network
DIY retailer Praktiker is reviewing its store network, retail trade magazine Lebensmittel Zeitung reported.The aim of the review, part of the Praktiker 2013 project, is to optimise the profitability of the network, after sales and earnings have repeatedly fallen below expectations in recent years. The focus seems to be mainly ...
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Metro Group sales down 3.6%
Metro Group has reported a 3.6% sales decrease to €65.5bn (£59bn) in 2009.EBIT before special items declined 8.9% to €2.02bn (£1.82bn). In Germany, group sales declined 0.6%, while overseas sales declined 5.5%adjusted for negative currency effects, international sales increased 0.7%. In Asia and Africa, sales increased 4.8%. The group has ...
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Rewe Group sales up 2.7%
Germany’s second-largest grocer Rewe Group generated group sales of €50.9bn (£45.4bn) in 2009, up 2.7% on the previous year.The growth was mainly achieved through acquisitions and expansion, as store numbers climbed 5% to 15,453 outlets. In Germany, sales grew 2.6%, while overseas operations grew 2.9%.The Penny discount division, present in ...
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AnalysisIs management shake-up just the start for Metro?
Metro Group has announced a shake-up of its leadership and unveiled a new corporate logo ahead of its 2009 results conference.
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NewsHalfords to pull out of central Europe
Motor accessories specialist Halfords is to shut its fledgling central European business after recessionary conditions set back expansion opportunities.
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AnalysisIs Blockbuster springing into action too late?
The latest financial results from Blockbuster make for grim reading. For the year ending January 3, 2010, losses at the US-based video rental giant widened from $374m (£204m) in 2008 to $558m (£358m).
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NewsPolice launch race probe into Walmart store announcement
Police have launched a race hate investigation after the broadcast of an announcement in a Walmart store ordering black people to get out.
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News
Mercadona sales up to £13.8bn
Mercadona has reported gross sales of €15.5bn (£13.8bn) for its 2009 financial year - up 0.8% on the year before.Net income declined 16% to €270m (£240.7m).The grocery retailer invested about €600m (£534.9m) in the business over the year, opening a further 74 stores to take its total to 1,264 supermarkets ...
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News
Jerónimo Martins sales up
Jerónimo Martins increased sales by 6.1% to €7.3bn (£6.5bn) in its 2009 financial year.Net profit at the grocery retailer soared 22.8% to €200.3m (£178.6m).Jerónimo Martins attributed the performance to strong competitive market positions and a clear focus on increasing productivity together with greater scale in sourcing.
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AnalysisUS department stores see benefits of discount shops
The recession has breathed new life into US off-price clothing chains as consumers look for thrifty ways to shop without compromising on style.
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NewsRWC2010: Amazon rules out stores and grocery offer
Amazon UK has ruled out opening stores and offering food “for the foreseeable future”, its managing director, Brian McBride, has told the Retail Week Conference.
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NewsNext plans US concession for Lipsy brand
Lipsy, the young fashion brand owned by Next, is in talks with US retailers to make its first foray into the country.
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NewsGap reveals online plans and plots entry into Italy
Gap has confirmed plans to bring a direct ecommerce offer for both its eponymous fascia and Banana Republic to the UK later this year.
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NewsHouse of Fraser to open first overseas shops in Middle East
House of Fraser has entered into a partnership with Retail Arabia International to open stores in the Middle East.
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News
Cencosud sales down 11% to £6bn
Chilean retail conglomerate Cencosud reported an 11% decrease in net sales to CLP5.33 trillion (£6bn) in 2009, while net profit dropped 38% compared with the previous year to CLP96bn (£108m).The retailer, which runs fascias including hypermarket chain Jumbo, attributed its drop in sales and profit to an unfavourable exchange rate, ...
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News
Government seeks control of Casino Group Venezuela operations
The Latin American country hopes to acquire majority control of Casino Group’s operations in Venezuela.President Hugo Chavez announced that negotiations, following the expropriation order he issued to Casino last month, have led to Casino offering to sell 80% of its shares in the corporation Cadena de Tiendas Venezolanas (Cativen).Casino operates ...
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News
Future Group in talks for foreign tie-ups
Future Group - which runs the country’s largest listed retailer Pantaloon Retail - is in talks for a foreign tie-up and hopes to file papers for an IPO in its investment arm soon, said chief executive Kishore Biyani.He would not name the overseas retailers being considered for a tie-up, although ...