All International articles – Page 247
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News
Walmart plans to open a further 40 stores in India
Walmart plans to open a further 40 stores in India, according to Indian commerce and industry minister Anand Sharma. “Walmart is very satisfied with its results in India. I was informed by the Walmart CEO that they are looking at opening more stores. He gave me a figure of 40 ...
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AnalysisTraining that’s above and beyond
Is it necessary for overseas retailers to train their staff back home, asks Sara McCorquodale.
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NewsNordstrom woos UK shoppers with web access
US luxury department store operator Nordstrom has opened up its website to UK shoppers.
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News
Carrefour's Guy Yraeta is to leave the business
Carrefour’s Guy Yraeta, who is in charge of the group’s key European operations, excluding France, is to leave the business.Yraeta spent 33 years at Carrefour and is responsible for the hypermarket reinvention project, which is in the process of developing a new concept for Carrefour’s struggling hypermarket format. Until a ...
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News
Sales at electronics retailer Yamada Denki climb
For the six months to September 30, sales at consumer electronics retailer Yamada Denki climbed 1.9% to JPY936.6bn (£6.3 bn). Operating profit fell 15.4% to JPY25.1 billion (£168 million). Net profit was down 20.2% to JPY16.4 billion (£110 million).
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AnalysisUS’s toy wars could mean victory only for consumers
With Christmas fast approaching, US discount giant Target this week introduced price cuts on toys at its stores.
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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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News
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 ...