All News articles – Page 1441
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News
Carrefour Italy inaugurates first Carrefour Planet hypermarket
Carrefour in Italy has inaugurated its first Carrefour Planet hypermarket at Paderno Dugnano in Milan.The store covers an area of almost 140,000 sq ft and uses the concept already developed in France, Spain and Belgium.Together with lower prices, the new store features specialist offers organised by sector, and services including ...
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Walmart de Mexico reports net profit decrease
Walmart de Mexico has reported net profit of MXN4.5bn (£232m) for its second quarter, down 3.4% on the previous year.Net sales increased 9.1% to MXN87.9bn (£4.53bn). EBITDA for the quarter amounted to MXN7.7bn (£397m).Executive president and chief executive of Walmart de Mexico Scot Rank said the quarter was characterised by ...
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News
Fnac outlines new strategy for growth
PPR-owned book and music retailer Fnac has outlined a new strategy for growth, encompassing store openings, an overhaul of its product offer and a redesign of its ecommerce site.By 2015 the company expects to open 80 new stores in France, including 50 in a smaller format. It will reorganise stores ...
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Rewe Group in negotiations with Conad
German grocer Rewe Group is negotiating with Conad about the disposal of large parts of its loss-making Billa supermarket and superstore division in Italy.Besides Conad, Rewe Group’s partner in the Coopernic buying alliance Coop Italia is also reported to be interested in the 190-store network.Billa in Italy recorded a sales ...
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Rossmann experiences sales rise
AS Watson-owned Rossmann experienced a sales rise of 4.2% in 2010 to CZK2.3bn (£77.9m), according to documents filed at the Register of Companies.The company edged into the black with a net profit of CZK22.7m (£820,000), up from just CZK1.16m (£41,000) in 2009.The company attributed the rise mainly to a change ...
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Grocery chain Woolworths posts sales increase
Grocery chain Woolworths posted a 4.7% increase in net sales to AUD54.1bn (£36bn) for its financial year ended June 26.Excluding fuel, sales rose 4.1%.Food and alcohol sales increased 4.6% to AUD36.18bn (£24bn) or by 3% on a like-for-like basis.The company said that its price knockdown campaign contributed to this growth.In ...
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Tata Group proposes to open Massimo Dutti stores in India
Tata Group’s retail arm Trent has entered into an initial agreement with Spanish retailer Inditex to open Massimo Dutti stores in India.The proposed joint venture will be 51% owned by Inditex’s Zara Holding, while the rest will be owned by Trent. Trent and Inditex have a similar joint venture to ...
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Indian government panel recommends easing restrictions
An Indian government panel is said to have recommended easing restrictions on Foreign Direct Investment in Indian retail, which could allow international companies to own as much as 51% of multichannel retailers if they invest a minimum of $100m (£61.3m). This would allow retailers such as Walmart and Carrefour access ...
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DocMorris Apotek records a loss
DocMorris Apotek has recorded turnover of SEK205.4m (£19.9m) and a loss of SEK121.5m (£11.7m) during its first 10 months of trading to end of December 2010.The company said that its strategy was to invest only in new locations and to establish a brand, which meant that there would be no ...
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Shoppers Drug Mart announces increase in sales
Shoppers Drug Mart announced a 1.4% increase in sales to CAD2.39bn (£1.55bn) for its second quarter ended June 18.Growth was driven by increases in non-pharmacy sales in all regions of Canada. On a like-for-like basis, total sales increased 0.8%.Prescription sales decreased 1% to CAD$1.15bn (£746m) during the quarter, as growth ...
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NewsMusgrave sets up €10m fund for Superquinn suppliers
Musgrave Group has set up a €10m fund to help suppliers who have experienced losses not covered by credit insurance as a result of the receivership of Superquinn.
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NewsAmazon sales surge but profits dip following investment
Online giant Amazon said second quarter group sales surged 51% to $9.91bn but net income fell in the period.
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NewsCarphone on track despite sales fall
Carphone Warehouse has reported a “very satisfactory start to the year” despite a like-for-like sales fall at the eponymous division.
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NewsGame rolls out digital games across global store estate
Game has begun selling its digital games range in all stores across the group as the retailer continues its transformation into a fully multichannel business.
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NewsTesco to launch £15 bundle Back to School deal
Tesco is to launch a bundle deal on its Back to School clothing for £15.
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NewsContinued Irish retail sales slump as fashion and electricals suffer
Ireland retail sales have continued to slump, falling 6% on a like-for-like basis in the second quarter, down from 3% in the first quarter.
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NewsWaitrose to launch into fashion
Waitrose is to introduce fashion for the first time at its flagship Canary Wharf store in London.
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NewsSupermarket construction surges 42% since 2008
Supermarket construction has propped up the retail property sector as shopping centre construction contracts.
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NewsAmerican Apparel to launch online eBay shop
US fashion chain American Apparel is to launch an ecommerce shop on eBay in September in an effort to expand its distribution base beyond its own stores.
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NewsAurum EBITDA soars as sale process “remains on track”
Up for sale jeweller Aurum’s EBITDA soared in its last financial year as its sale process “remains on track”.