All International articles – Page 246
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News
Otto plans to expand its Russian operation
Mail order giant Otto intends to expand its Russian operation after acquiring the Russian subsidiary of bankrupt rival Arcandor’s Quelle division. Otto, which already considers itself market leader in Russia, is acquiring the rights to the Quelle brand, as well as some sub-brands and its internet domains in Germany and ...
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Lidl teams up with Nabtaaler Milchwerke to launch private-label lines
Discounter Lidl has teamed up with Bavarian dairy company Nabtaaler Milchwerke to launch Lidl’s first regional private-label lines. Lidl has been selling Bavarian long-life milk for some time in some regional divisions to support dairy farmers in the federal state. The discounter registered the trademark “Ein gutes Stück Heimat” - ...
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News
October like-for-like sales paint negative picture in US
The round of October like-for-like sales showed a generally negative picture as consumer confidence continues to struggle in the US. Of the few positive results, most came from retailers operating at the top and bottom of the market. Upmarket department store chain Nordstrom, for example, reported a 6% lift in ...
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NewsM&S considers taking Simply Food into Western Europe
Marks & Spencer has enlisted advisors to scout locations in Western Europe for Simply Food stores, it is understood.
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NewsVictoria’s Secret unveils plans for launch in UK and Europe
US fashion and beauty giant Limited Brands has outlined plans to open Victoria’s Secret stores in strategic markets including the UK as part of an international expansion drive.
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OpinionWhere next for Tesco?
Analysts seem to think that Tesco’s core UK business, which had been lagging competitors, is back on track so it’s understandable that the cavalcade should move on to focus on overseas.
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NewsTesco holds talks with Tony Blair
Tesco is understood to have held talks with former Prime Minister Tony Blair about helping the grocer to move into the Middle East.
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News
RadioShack reports a 3.1% decline in net sales
For the third quarter ending September 30, 2009, RadioShack reported a 3.1% decline in net sales to $990m (£606m).Comparable same-store sales for company-operated stores and kiosks declined 2.9%, driven primarily by sales declines in digital-to-analog converter boxes, laptop computers, batteries, wireless accessories, and GPS products.Operating income plummeted 18.3% to $69.4m ...
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News
Sales at Pick ’n Pay jump 12.3% year on year
Sales at food and general merchandise retailer Pick ’n Pay jumped 12.3% year on year to R26.6bn (£2.2bn) for the first half to August 31, 2009.The company said its continuing operations have gained 0.4% of market share in the period, with significant gains in every fresh food category, adding that ...
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News
X5 Retail Group's multi-format strategy helps it combat recession impact
X5 Retail Group said its multi-format strategy has allowed it to circumvent some of the harsher effects that the economic downturn has had on consumer spending in the country.X5 has posted relatively stable like-for-like sales growth since the onset of the economic crisis, outperforming its competition, chief executive Lev Khasis ...
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NewsLotte Shopping acquisition cements Asian ambitions
Lotte Shopping’s recent revelation that it is to acquire Chinese hypermarket operator Times has once again re-emphasised the South Korean retailer’s new-found thirst for internationalisation.
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NewsFresh & Easy website refreshed to back ads
Tesco’s US operation Fresh & Easy has revamped its website in line with its refreshed stores and marketing drive.
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NewsMicrosoft launches its first retail store in Arizona
Microsoft has launched its first retail store, at Scottsdale in Arizona.
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News
Coles posts better than expected results
Coles posted better than expected results for its first quarter to September 27, thanks to rising food and alcohol sales.The grocer’s food and alcohol sales rose 7.3% compared with the same period a year earlier, and were up 6.1% on a same-store basis. Fuel and convenience sales climbed 6.5% and ...
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NewsTrade buyers circle as Habitat pursues sale
International trade buyers are circling struggling furniture retailer Habitat as its owner considers whether to sell the business.
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News
Carrefour to expand in China
Despite ongoing speculation in the Chinese press that Carrefour is coming under shareholder pressure to exit China, it is to expand its presence in the Chengdu region with two new hypermarkets this year, and more in 2011.General manager of central and western China Arnaud Dupont said Chengdu had “huge market ...
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News
Metro Group starts work on first cash & carry stores in Egypt
Metro Group has started work on the first of potentially 23 cash & carry stores in Egypt. The store, in Cairo, is scheduled to open early next year. Metro originally intended to enter the market in late 2009 but then postponed it to 2010. The plan involves having a network ...
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News
Quelle to close
German mail order retailer Quelle, owned by embattled department store owner Arcandor, is to close after attempts to sell it failed.Up to 7,000 employees are set to lose their jobs. Arcandor, which also owns the Karstadt department store chain, filed for bankruptcy protection in June. The German government had granted ...
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News
Spencer’s to focus on hypermarkets and private labels to improve profitability
Food and general merchandise retailer Spencer’s is to focus on hypermarkets and private labels in an attempt to improve profitability.The retailer, which is owned by Indian conglomerate RPG Group, will invest INR1bn (£12m) in rolling out 10 hypermarkets and 15 small-format stores this financial year. It also wants to double ...
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Walmart to focus on international growth and store revamps
Walmart has outlined its growth plans for next year, intending to focus on international growth and store revamps in its domestic market.In the US, Walmart will continue to focus on store revamps. By next month Walmart US will have completed Project Impact remodels at more than 30% of its 3,538 ...