All International articles – Page 244
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News
Grupo Pão de Açúcar acquires 51% stake in Casas Bahia
Casino-owned Grupo Pão de Açúcar has acquired a 51% stake in electricals chain Casas Bahia, a rival to its Ponto Frio fascia.Casas Bahia operates 513 stores in Brazil and focuses strongly on white goods, furniture and electronics.The existing shareholders of Casas Bahia will retain a 49% stake in the retailer.As ...
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Cencosud plans to invest $700m in five South American countries
Cencosud plans to invest $700m in five South American countries as part of its 2010 growth plan.The investment will be distributed among projects Cencosud has in Argentina, Brazil, Chile, Colombia and Peru, according to president Horst Paulmann.Details of how the investment will be distributed among the five countries have yet ...
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Reliance Retail appoints Gwyn Sundhagul as chief exec of value-format division
Reliance Retail has appointed Gwyn Sundhagul chief executive of its value-format division, which includes the Reliance Mart, Reliance Super and Reliance Fresh fascias.Sundhagul was formerly chief marketing officer of Tesco’s Thai subsidiary Lotus. Reliance Retail operates almost 1,000 retail stores throughout India.
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AnalysisCan Best Buy dent locals’ dominance in China?
After pursuing cautious expansion in China since opening its first eponymous superstore there in 2006, Best Buy is planning to ramp up expansion in the market next year.
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NewsBoots brand will span the globe, says Stefano Pessina
Alliance Boots executive chairman Stefano Pessina has vowed that the Boots brand will be sold in all the major countries in the world within five years.
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Specsavers to double stores in New Zealand
Optical retailer Specsavers is to double the number of stores it operates in New Zealand from 30 to 60.
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Payless ShoeSource to open its first five stores in the Philippines
Payless ShoeSource is to open its first five stores in the Philippines by mid-next year with franchise partner Stores Specialists.Stores Specialists is the leading fashion specialist in the country, managing 72 high profile brands and 340 retail stores.In the past year Payless ShoeSource has struck franchise agreements for the retailer’s ...
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NewsBoots celebrates 160th anniversary
Alliance Boots has reiterated its ambitions to become a global brand as the health and beauty retailer celebrates its 160th anniversary.
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NewsDSGi to sue legal advisers over French loss
Consumer electricals giant DSGi is reportedly to sue its own legal advisers for as much as €1m over alleged mistakes in closing down the retailer’s business in France.
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NewsOcado mulls partnership with Carrefour
Online grocer Ocado is understood to have held talks with French retailer Carrefour about a partnership to deliver shopping to customers’ homes in France.
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NewsDebenhams to open in Vietnam
Department store group Debenhams is to open in Vietnam as it seeks to bolster its international portfolio.
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X5 Retail Group buys local supermarket chain Paterson
The country’s leading grocery retailer X5 Retail Group has bought local supermarket chain Paterson, which has 82 stores in Moscow, St Petersburg and other cities.X5 Group will pay $189.5 m (£103m) in cash for Paterson’s equity and assume $85m (£46m) of debt, to be financed by operating cash flow. It ...
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Metro Group dismissed all the top management at the Greek arm of its Makro Cash & Carry subsidiary
Metro Group has dismissed all the top management at the Greek arm of its Makro Cash & Carry subsidiary during an examination into administrative irregularities, according to the German retail press.Country manager Anastasios Michaelidis, non-food director Jan Casander and finance director Fotis Kalogeropoulos have left the company before completion of ...
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El Corte Inglés opens its first store inside another company’s premises
Retail conglomerate El Corte Inglés has opened its first store inside another company’s premises, at the Madrid headquarters of Spanish telecoms company Telefónica.The store, trading under the El Corte Inglés Convenience Store banner, has a sales area of 10,765 sq ft and offers a wide product range including food, pharmacy ...
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NewsAstley Clarke mulls international growth
Luxury jewellery etailer Astley Clarke is considering seeking further investment next year to bolster growth after like-for-like sales for its third year jumped 40%.
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Barnes & Noble and Borders report quarterly figures
Bookstore operators Barnes & Noble and Borders have both reported quarterly figures.Sales at Barnes & Noble stores fell 2% to $950m (£582m) in its second quarter, while its online sales climbed 9%.At Borders, sales dropped 12.7% in its third quarter to $595.5m (£365m), with like-for-likes down 12.1% and 7.2% at ...
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News
Black Friday weekend web and store visitors
195 million shoppers visited stores and websites over Black Friday weekend – the Friday after Thanksgiving that traditionally signals the start of the Christmas selling period in the US – up from 172 million last year, according to the National Retail Federation (NRF).However, the average spend over the weekend ...
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Metro Cash & Carry unveils new portfolio of private-label brands
Metro Cash & Carry has unveiled a new portfolio of private-label brands that it intends to roll out to all the countries in which it operates.The six private labels include Aro, which comprises 700 food and non-food products and Fine Food, with 700 SKUs aimed at independent food traders and ...
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Pinault plans to divest its retail businesses
PPR chief executive François-Henri Pinault told the Wall Street Journal that the group plans to divest its retail businesses including Conforama, Fnac and Redcats.Pinault did not give any details on when the group plans to sell the companies, but said: “The sooner, the better.” He added that about 20 companies ...
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Carrefour in Italy confirms DìperDì fascia converts
Carrefour in Italy has confirmed that it is to convert all of its DìperDì neighbourhood stores to the Carrefour Express fascia as part of its multi-format single brand strategy.The international grocery group’s Italian GS supermarkets are being converted into Carrefour Market at present. Carrefour said that the multi-format single brand ...