All International articles – Page 269
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Lowe’s to spend $7bn on aggressive growth push
Lowe’s is to invest nearly US$7 billion (£3.81 billion) in the next two years to expand and upgrade its store portfolio to compete harder against market leader Home Depot.
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Ahold’s Euronext spat
Ahold expressed disagreement with a Euronext decision to give the Dutch retailer a serious written warning regarding violations of Euronext rules on press releases. The warning related to difficulties that emerged at Ahold early last year.
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Budapest centre works begin
Miller Developments and local partner Raiffeisen have started work on the Budapest Factory Outlet Center, the first of its kind in the Hungarian capital.
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Ralph Lauren to target preppy kids with Rugby
Polo Ralph Lauren is to take on Abercrombie & Fitch with new fascia Rugby, aimed at preppy teens and college kids.
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Toys R Us sues Amazon
Toys R Us has filed a lawsuit against Amazon .com, alleging breach of the exclusivity arrangement that Toys R Us has to sell merchandise on Amazon’s Web site. Toys R Us struck the deal in 2000.
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UK market the favourite among foreign retailers
The UK has become a prime target for expansion-minded retailers, according to research from Jones Lang LaSalle. The UK has attracted more new entrants then any other major market over the past few years. These include Tchibo, Moreland and Deichmann from Germany, Jennyfer, Aigle and Paul from France, Geox, Expensive! ...
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Senate hearing threatens the future of RFID in US, fears NRF
US legislators’ concern over Radio Frequency Identification Tracking (RFID) reached another level with a Senatorial hearing in California, which started last week.
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La Senza plans further foreign stores after opening in Iceland
La Senza plans further foreign stores after opening in Iceland
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Best Buy sheds Musicland chain to Sun Capital
US retailer Best Buy has offloaded its Musicland chain to private investment firm Sun Capital Partners. Musicland generates sales of US$1.7 billion (£1 billion), but reported operating losses last year of US$72 million (£42.7 million).
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Trial at Lille Castorama sparks wider store test
French retailer Castorama will review initial findings from a new-style store in July. The DIY business, owned by Kingfisher , plans another three test stores by the end of summer, following the opening of the first in Hellemes, near Lille, in March. New signage and point-of-sale merchandising are among the ...
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Tesco heads east with Japanese c-store takeover
Tesco has pushed into the Japanese market by acquiring convenience store retailer C Two-Network for£139 million.
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Holland & Barrett grabs De Tuinen
Health food retailer Holland & Barrett has acquired the De Tuinen chain from troubled Dutch group Ahold in a €16 million (11.4 million) cash deal.
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Best Buy to raise customer focus
American electricals giant Best Buy intends to woo US shoppers with a service-centred strategy from next year.
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Best Buy out of tune
US electricals group Best Buy is in talks to sell its Musicland entertainments chain. Best Buy bought Musicland 15 months ago, but the business has been hit by falling CD sales and poor shopping mall performances.
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Best Buy link threatened
Technology giant Microsoft wants to end its MSN Internet marketing alliance with US electronics retailer Best Buy. The group admitted that a termination of the partnership could affect operating results.