All International articles – Page 240
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NewsGrowth of international discount supermarkets slows
Discount supermarkets are facing a slowdown in growth as competition from more mainstream competitors and brands start to impact on their sales.
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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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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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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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Movie Gallery to close 805 stores
Film rental chain Movie Gallery plans to close 805 poorly performing US stores after falling sales and mounting losses led to its second bankruptcy in three years.The closures affect a third of the retailer’s 2,415 US stores and several thousand of the company’s 19,100 employees are likely to lose their ...
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AnalysisBest Buy could do worse than buy into Australia
While on the face of it an acquisition seems far fetched, Best Buy purchasing a top five player in a buoyant market wouldn’t be the craziest move.
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Mercadona to test Wincor Nixdorf automated checkout
Mercadona will be the first retailer to test Wincor Nixdorf’s new prototype of a fully automated checkout in the retailer’s laboratory later this month.According to Wincor Nixdorf, the new prototype for an automated checkout will for the first time make it possible to accurately read more than 95% of the ...
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Carrefour likely to sell Moscow leasing rights
Carrefour is likely to sell its Moscow leasing rights to Auchan and OBI, according to Reuters.Carrefour, the world’s biggest retailer, has failed to find one single buyer for all of its three hypermarkets in Russia.
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Mobile phone retailer Svyaznoy to offer financial services
Local mobile phone retailer Svyaznoy is to offer financial services in its stores following the chain’s merger with Russian bank Promtorgbank. 100% of Svyaznoy securities and an 87% stake in Promtorgbank will be assigned to a new company. Svyaznoy owner and founder Maksim Nogotkov will retain a controlling stake in ...
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Shoprite to sell Indian operations to Future Group
Shoprite is preparing to sell its operations in India to Future Group, according to unconfirmed reports in the local media.It has been rumoured that Future Group is ready to buy the Shoprite store in Mumbai, and take on the employees there.Shoprite has reportedly called off its franchisee deal with Indian ...
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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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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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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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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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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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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 ...