All International articles – Page 250
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News
Lotte Shopping considers entry into India
Retail group Lotte Shopping is considering entry into India. Department store division director Daniel Kim said the group – the country’s largest retailer – plans to invest about KRW360bn (£174m) in overseas businesses this year, following on from market entries into Russia in 2007 and China last year.In addition, the ...
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Metro Group sees first signs of a recovery in Eastern European markets
Metro Group has said it is seeing the first signs of a recovery in its Eastern European markets. However, chief executive Eckhard Cordes also warned of tough times ahead in the retailer’s home market of Germany.He said the crisis was not over yet and pointed out that Europe’s largest economy ...
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NewsHowards Storage World to open first UK store
Australian storage solutions retailer Howards Storage World is to open its first UK store next month as it outlines plans for 50 shops in the next five years.
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Nakumatt pulls out of project
Kenya’s largest retailer, Nakumatt, has pulled out of its project to open a second store in Kigali, the capital of Rwanda.Following its market entry with a 24,760 sq ft supermarket in August last year, the retailer’s original plan had been to launch a 75,350 sq ft hypermarket at the Gateway ...
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OpinionSecond chance for internet sales with global ecommerce
The disclosure of the vast sums of money being spent in virtual world Second Life proves the possibilities of the web as a global marketplace for retailers.
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Talbots posts £12.3m net loss
AEON-owned Talbots posted a $20.5m (£12.3m) net loss from continuing operations for the quarter ended August 1, compared with last year’s loss of $12m (£7.2m).Net sales for the quarter were $304.6m (£182.5m), compared with $395.2m (£236.7m) last year. Talbots president and chief executive Trudy Sullivan said: “We are beginning to ...
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Dollar General reports net sales of $2.9bn
Discount chain Dollar General has reported net sales of $2.9bn (£1.74bn) for its second quarter ending July 31, an 11.2% increase. Same-store sales increased 8.6%.The company reported net income for the quarter of $93.6m (£56.1m), a jump of 237.7%.“The results of our efforts to help customers save time and money ...
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NewsAll roads lead to Russia for expanding retailers
A week cannot pass in retail without an international retailer being linked with a potential entry into the Russian market.
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Amazon’s Japanese unit has to deliver books to customers free of shipping charge
Amazon’s Japanese unit has announced that it will deliver books to customers free of shipping charges through at least early November, regardless of order value, to drive sales.All new books and comics will now be mailed for free, but magazines and used books will carry a delivery fee.Depending on results, ...
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The Warehouse announces final results
New Zealand-based retailer The Warehouse has announced its financial results for the 53 weeks ended August 2.The company reported a net profit after tax for fiscal 2009 of NZ$76.8m (£32.5m), compared with NZ$90.8m (£38.4m) in fiscal 2008. Group sales for the year were NZ$1.72bn (£728.3m), down 0.8% on the previous ...
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Auchan create new concept in Russia
French retailer Auchan has created a new concept in Russia called Raduga, which translates as Rainbow.The stores, which are between 5,000 and 7,000 sq m, will be price-orientated discount superstores. Two stores are planned to open in Kalouga and Penza by the end of the year.With this new banner, Auchan ...
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AnalysisBrussels sprouts: the EU's retail plans
The big decisions on retail are now taken in Europe and with proposals including a single set of consumer rights in the offing, Sara McCorquodale reports from Brussels on the EU’s retail plans
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Carrefour enters Iranian market
Carrefour has entered the Iranian market through its franchise partner in the Middle East, Majid Al Futtaim (MAF).MAF has opened a hypermarket in Tehran, in the western district of Ferdows. Like in Pakistan, where Carrefour has been trading for four months, the hypermarket has not opened under the Carrefour banner ...
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Office Depot outlines new strategic initiatives for group
Office Depot has outlined a number of new strategic initiatives for the group.In its North American division, the retailer is reviewing its product mix, reducing dependency on low-margin consumer electricals and increasing the provision of high-margin services such as its Tech Depot Services. It has also increased its private label ...
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Quelle secures financing until end of year
The administrator of Quelle, the mail order unit of insolvent German retailer Arcandor, has said that it has secured financing until the end of the year, paving the way for the business to be sold.The insolvency administrator and creditor banks came to an agreement for Quelle’s factoring, in which banks ...
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Moody’s Investors Service forecasts slowing of same-store sales
Moody’s Investors Service forecasts a slowing of the same-store sales declines that have been affecting US department stores in the second half of the year.Despite the slowdown, it is still likely to be a tough period for department stores, with the sector forced to discount heavily in the holiday season ...
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Toys R Us introduces video game trade-in programme
Toys R Us has introduced a video game trade-in programme at its stores across the US.Gamers can exchange their used video game titles from almost any system, including classics like Intellivision or the newest platforms, for a Toys R Us gift card to the value of the trade-in. Gift cards ...
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OpinionRetail surgery: Launching a US website
We are looking into launching a US website. Should we dispatch orders from our UK distribution centre or set up locally?
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OpinionUK shopping centres lead the way
For retailers coming into the European market, the UK’s shopping centres are the most appealing place to start.
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News
Family Dollar reveals a 2.6% net sales increase year on year
Discount variety store operator Family Dollar posted results for the fourth quarter ending August 30, revealing a 2.6% net sales increase year on year to about $1.81bn (£1.1bn).Like-for-like sales for the same period increased 1%. Sales for the full year reached $7.4bn (£4.5bn), corresponding to 6% growth year on year ...