All International articles – Page 256
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News
Lotte Group to enter Vietnam retail market
South Korean retailer Lotte Group will enter the Vietnam retail market with the opening of a department store in Hanoi in 2013.The group’s fourth international store will be opened by its Lotte Department Store subsidiary, at the 65-storey Hanoi City Complex. The retailer will invest KRW350bn (£171, 375) in the ...
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OpinionDigital screens - retail has seen it all before
Asda’s newly opened future store in Keighley, Bradford, is trialling a digital signage system from Amscreen that has been designed to influence purchase decisions at the point of sale.In Amscreen’s promotion of the deal, which includes a video of the system it’s posted on its website, it describes the system ...
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Nordstrom gets scientific with sizing distributions
US department store retailer Nordstrom is to introduce an Oracle Retail application to improve the size distribution of clothing in its stores.
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NewsScott Wheway appointed chief of Best Buy Europe
Best Buy Europe – the European joint venture between Carphone Warehouse and US electricals giant Best Buy – has appointed former Tesco and Boots executive Scott Wheway as chief executive.
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NewsIkea opens first store in Republic of Ireland
Ikea has opened in its first store in the Republic of Ireland with a 339,000 sq ft (31,500 sq m) unit in Ballymun on the north side of Dublin.
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OpinionPrimark will storm Germany
A visit last week to Primark’s first store in Germany was instructive. Located in the northern city of Bremen in a brand new shopping centre, it was reasonable to expect that the value retailer would have pulled out all the stops to make its Teutonic debut, and it didn’t disappoint.
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NewsLiberty considers international push
Iconic London department store Liberty has confirmed it has begun a strategic review of the business to explore ways of developing the brand internationally.
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Primark appoints former Marks & Spencer menswear director
Primark has appointed former Marks & Spencer director Julian Kilmartin as buying and merchandising director.
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Casino reports a 1.9 per cent fall in Q2 sales
Supermarket group Casino reported a 1.9 per cent fall in second-quarter sales, broadly in line with market expectations. Sales were weighed down by lower petrol prices and declines at its French hypermarkets.Second-quarter sales fell to €6.82bn (£5.87bn). The retailer said that underlying sales excluding petrol and calendar effects rose 1.1 ...
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News
Golden Gate Capital agrees to buy Eddie Bauer Holdings
Private equity firm Golden Gate Capital has agreed to buy Eddie Bauer Holdings for $286m (£172.9m) in cash after an auction for the bankrupt US outdoor and fashion retailer. US-based Golden Gate said that it has agreed to keep open most of Bauer’s 370 stores in the US and Canada.Bauer, ...
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Woolworths Australia sets its sights on the hardware sector
Woolworths Australia has set its sights on the hardware sector in an attempt to challenge Wesfarmers. The chain, which tried to buy hardware chain Mitre 10 earlier this year, is reported to be plotting its own entry into the market.Former Harvey Norman executive Richard Champion now manages the retailer’s bulky ...
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NewsRelief for US retailers as lender avoids collapse
Embattled US retailers faced a potentially crippling hammer blow last week as bank CIT Group teetered on the edge of bankruptcy.
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Indian government confirms commitment to protecting smaller retail businesses
The Indian government has confirmed its commitment to protect smaller retail businesses in a move some suggest signals that the retail sector in the country will not be opened further.India’s minister of state for commerce Jyotiraditya Scindia said: “The government is fully committed to securing the legitimate interests of all ...
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News
Schlecker interested in buying Woolworths Germany stores
Chemist Schlecker is understood to be interested in buying some of the stores of insolvent retailer Woolworths Germany. The health and beauty giant would convert the shops to its Schlecker XL fascia.Other retailers interested in snapping up some of the 160 stores are thought to be discount grocers Lidl and ...
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Carrefour sales fall
Carrefour, the world’s second-biggest retailer, said second-quarter sales fell 1.2 percent, hurt by weaker western European markets, lower petrol prices and exchange rates.The drop to €23.4bn (£20.1bn) was slightly less than some analysts’ forecasts. Half-year sales were €46.2bn (£39.8bn). Carrefour group chief executive Lars Olofsson described half-year sales as “resilient”, ...
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AnalysisCan Kingfisher's Castorama triumph in Russia?
Russia may be hard to crack but Peter Høgsted vows Kingfisher’s Castorama chain can win DIY share there. Nicola Harrison reports from St Petersburg
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NewsKingfisher eyes franchise model to chart new territory
B&Q owner Kingfisher is mulling an unprecedented move into franchising as it seeks to expand into new international markets.
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NewsSports Direct reels as profits dive and China plans shrivel
Sports Direct has hit a major obstacle in its ambitious plans to expand in China, while, a tough year has led to a 91 per cent plunge in profits.
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News
PetSmart considers expanding its services
PetSmart, America’s largest pet store chain, is considering an expansion into in-home services, including dog walking and setting up home aquariums, in an effort to distinguish itself from retailers such as Wal-Mart.PetSmart is in the early stages of developing ways to provide the services, according to the retailer’s new chief ...
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NewsNetto cuts prices to drive discount credentials
Danish discount grocer Netto is reducing the price of more than 100 staple products as it seeks to reinforce its low price proposition.