All International articles – Page 263
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AnalysisPlanned schemes in Dublin have been hit by retailers' uncertainty
Work on Dublin’s planned schemes has slowed to a snail’s pace as developers struggle to find retailers willing to sign in such uncertain times. Liz Morrell assesses development prospects
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NewsIkea exercises caution as furniture market toughens
Ikea group president and chief executive Anders Dahlvig has offered some words of warning for retailers in the Western world.
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EBay clinches legal victory over L'Oréal
EBay has claimed victory in a Paris court case brought against it by cosmetics giant L’Oréal over counterfeit perfumes on eBay’s website. The court ruled in favour of the internet auction site and said that it was not liable for the fake products and had met its obligations to combat ...
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DSGi cuts loose Hungary operation
DSGi has sold its nine Electro World stores in Hungary for e1. All operations and staff will transfer to new owner EW Electro Retail, which is backed by a consortium of investors.
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AnalysisAt Mahon Point in Ireland retailers are fighting the recession
Times may be tough but Cork’s Mahon Point scheme isn’t taking the recession lying down. John Ryan goes to see how it’s wooing shoppers
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Metro seeks government intervention for rival's state support request
Metro has called on the German government to reject a request by its rival Arcandor for state support as it seeks to acquire the latter’s department store chain, Karstadt.Metro chief executive Eckhard Cordes wrote to the government outlining a “commercial solution” that would not need state intervention. Cordes has denied ...
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Hefty restructuring and poor trading hits Kesa
International electricals group Kesa will book restructuring charges of £9m and e10m (£8.8m) respectively at UK arm Comet and Spanish division Menaje Del Hogar.
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OpinionShould UK retailers stay home?
DSGi’s offloading of its Hungarian Electro World business for the princely sum of €1 makes business sense, even if it is another setback to the retailer’s international ambitions.
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AnalysisTesco in Ireland: its toughest market
Faced with a tough economy, strong rivals and sales leaking north of the border, Tesco Ireland has struggled to assert its value stance. So will its counterattack work? Joanna Perry investigates
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NewsDSGi sells Hungary stores for €1
Electricals retailer DSGi has sold its Electro World stores in Hungary for €1.
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Ahold posts strong first quarter net sales growth
Grocery giant Ahold posted strong net sales growth of 15.2 per cent to €8.7bn (£7.8bn) for the first quarter ending April 19, led by a strong performance in its core European and US markets. Its Albert Heijn chain generated net sales growth of 12.3 per cent to €3bn (£2.7bn). In ...
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Arcandor to apply for state aid
Debt-laden conglomerate Arcandor – parent of the Karstdadt stores business – aims to formally apply for state aid soon, its boss told reporters. “We are striving to submit an official request for state guarantees through the banks,” said chief executive Karl-Gerhard Eick. Small banks want to withdraw e90m (£81m) loans ...
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NewsDylan’s Candy Bar mulls UK stores
Iconic US sweet store Dylan’s Candy Bar is considering opening stores in the UK.
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Eddie Bauer reportedly in talks with potential buyers
The fashion retailer, which operates about 370 stores in the US and Canada, is a possible target for Gordon Brothers, Hilco Consumer Capital and Hudson Capital Partners. Eddie Bauer’s chief executive Neil Fiske declined to comment on bid speculation. The retailer has reported annual losses for the past three years ...
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Carrefour bids for supermarket chain
Carrefour has entered the bidding to acquire Brazilian supermarket chain Gimenes, which has also received a proposals from local operator Associação Ricoy. Gimenes has 23 shops across São Paulo, Brazil’s largest state, and is Brazil’s 22nd largest supermarket chain. Carrefour, Brazil’s market leader, has put two offers on the table. ...
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Mercator suffers net profit drop
Mercator, the country’s largest food retailer, has suffered a first-quarter net profit drop of 30.8 per cent year on year to €6.4m (£5.7m), which it attributed largely to higher financing costs. Operating profit for the first three months of the year rose by 11.5 per cent year on year to ...
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Wal-Mart to end monthly sales reporting
Wal-Mart is to end its monthly sales reporting, which the retailer has been doing since 1979, to “better align investors with the retailer’s business plan and cut volatility caused by holiday shifts”, said Wal-Mart chief financial officer Tom Schoewe.Separately, Easter’s April timing helped improve US retailers’ same-store sales growth for ...
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Ikea to expand in the Gulf
Furniture group Ikea plans to expand in the Gulf region with two stores in Oman and Qatar, in addition to adding new stores to its existing chain in Saudi Arabia. The retailer will also increase the space of its Abu Dhabi store from 9,685 to 21,530 sq ft, according to ...
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Rosebys UK to be resurrected in global push
Home textiles retailer Rosebys could make a return to the UK this year, according to its owner, Indian industrialist Sanjay Dalmia.
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Tesco thinks local to outrun global recession
It’s too early to call the end of the global recession, but it has stopped getting any worse. That’s the prognosis from Tesco international director Phil Clarke.