More on Me + Em – Page 2727
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News
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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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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News
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 ...
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News
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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News
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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News
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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News
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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News
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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News
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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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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OpinionBig screen should boost HMV
The curtain rises on the latest phase of HMV’s reinvention today, with the opening of its first cinema in partnership with Curzon.
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OpinionNational postal strike would be a low blow
The art of letter writing is dead. You can send cards electronically, and even the gas bill now arrives as an email. It all adds up to bad news for Royal Mail, so you’d think the UK’s postmen and women would be thanking their lucky stars for the one glimmer ...
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OpinionDon’t fear a turnaround job
Why would anyone of sound mind ever contemplate doing a retail turnaround? The reality is that if you pursue a career in retail, the volatile nature of this sector means that you are more likely than not to spend some of your career in a business undertaking a turnaround.
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OpinionA VAT nightmare waiting to happen?
Retailers are probably losing sleep now thinking about next year. Will there be a recovery?
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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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GalleryMaking history: shopping at the British Museum
Many visitors to the British Museum want to take home a souvenir. But how can they be persuaded to buy more than just a pencil or tea towel? John Ryan reports on a makeover of the museum’s shops.
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News
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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AnalysisMall retailing: opportunity knocks
The big shopping centre openings of this autumn in Cardiff and Aberdeen mark the end of the late noughties development boom. And the inevitable empty units stand testimony to the new reality of shopping centre development.
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AnalysisIt’s time to get creative
It may be a challenging time in retail, but it’s certainly the best time for the more ambitious retailer to acquire shops.
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AnalysisToday’s market: a matter of space and time
With void rates soaring in some locations and still low in others, John Ryan looks at how developers are dealing with this changed market, and what this means for retailers