All International articles – Page 248
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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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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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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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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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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 ...
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GalleryStore of the week: Tesco – My Narodni Prague
Tesco has opened its second department store in the Czech Republic, after its debut in the northern city of Liberec in March.
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Casino’s consolidated net sales contracted by a reported 1.4%
Casino’s consolidated net sales contracted by a reported 1.4% in the third quarter of 2009, on the back of a 2.6% decline in the first half.Reported sales in France were down 5.3%, a performance in line with the first-half trend.Overseas, reported growth came to 6%, up from 2.4% in the ...
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FAS plans to clear takeover of Paterson by X5 Retail Group.
Russia’s Federal Antimonopoly Service (FAS) plans to clear the takeover of Russian retailer Paterson by X5 Retail Group.FAS director Igor Artemyev said the service would approve the transaction on the condition that X5 Retail sells Paterson’s stores in St Petersburg “within some reasonable time frame, maybe six months” in order ...
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Jumbo wins the battle to acquire Casino’s subsidiary Super de Boer
Dutch supermarket group Jumbo has won the battle to acquire Casino’s subsidiary Super de Boer after raising its original offer.The new offer values the company at E552.5m (£503.5m). Super de Boer has become something of a prized asset, with various supermarkets bidding for the chain after Jumbo’s original offer.“This is ...
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Lotte Shopping has agrees to acquire Times
Lotte Shopping has agreed to acquire Chinese hypermarket operator Times.A Lotte Group spokesman said: “We have in effect acquired Times, although some processes [to complete the deal] remain.”Lotte Shopping will purchase a 72.3% stake in the company from chairman Kenneth Fang. The South Korean retailer is believed to have outbid ...
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Walmart enters into a price war with Amazon
Walmart has entered into a price war with Amazon and the nation’s book retailers, lowering prices on certain highly anticipated hardback titles to $9 (£5.49).The retailer listed prices for some upcoming hardcover releases, such as Dean Koontz’s Breathless and Stephen King’s Under the Dome at $10 (£6.10), which was answered ...
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Retail sales in America fall in September
Retail sales in America fell by the largest amount so far this year in September – 1.5% – but the fall was not as bad as expected.The drop in sales was attributed to car sales plummeting following the end of the country’s scrappage scheme. Car sales dropped by 10.4%, but ...
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NewsAnthropologie opens its first European store on Regent Street
The US women’s fashion and lifestyle retailer has opened its first European store on Regent Street.
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Woolworths’ attempt to enter the DIY market under threat
The country’s largest retailer Woolworths’ attempt to enter the DIY market looks under threat after its takeover of hardware retailer Danks has been put in doubt.The competition regulator has raised concerns about Woolworths planned takeover. In a 13-page document, the Australian Competition and Consumer Commission said the purchase of Danks ...
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Tengelmann close to selling its Plus discount operations in Austria, Romania and Bulgaria
Tengelmann is close to selling its remaining Plus discount operations in Austria, Romania and Bulgaria.The stores in Austria are likely to be sold to Spar (Austria), while the network in Romania is likely to be picked up by Delhaize Group, and the young operation in Bulgaria by Schwarz Group’s Lidl.Closure ...
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Carrefour reports sales rise
Carrefour has reported that sales for its third quarter reached E23bn (£21bn), a rise of 0.5% excluding petrol and at constant exchange rates.In France, market share gains were driven by the strong performance of Carrefour Market – where like-for-likes increased 6% excluding petrol – and the success of Carrefour-branded products. ...
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NewsCarrefour’s retreat from Russia a mysterious move
French retailer Carrefour has surprised the retail world by announcing its decision to exit the Russian market, having only recently opened its first two hypermarkets in Moscow and Krasnodar.
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GalleryStore of the week: Opening Ceremony, Tokyo
US retailer Opening Ceremony welcomed shoppers to its first store outside North America at the end of August, when it opened a seven-floor quasi-department store in Tokyo.
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Real completes its entry into the Ukrainian market.
Metro Group-owned hypermarket Real has opened its first hypermarket close to the eastern Ukrainian port of Odessa, completing its entry into the Ukrainian market.“Entering the Ukrainian market is a further step in the continuing internationalisation of our company,” said Real chief operating officer Didier Fleury at the opening ceremony in ...