All News articles – Page 1621
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News
Aldi Süd pulling out of Greece
German hard discount retailer Aldi Süd is pulling out of Greece, the company has confirmed.“Aldi Süd intends to discontinue its operation of 38 stores in Greece [while it is] in talks with interested parties for the acquisition and continuation of activities,” Aldi said, without providing further details.The market exit - ...
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Massmart to acquire Pupkewitz Megabuild
South Africa-based Massmart has announced the acquisition of Namibian DIY retailer Pupkewitz Megabuild for an undisclosed price. The deal, which is part of Massmart’s ambition to expand further into Africa, has been approved by Namibia’s competition authorities. Pupkewitz Megabuild operates 16 stores, employing 600 staff.
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Almali hopes to resume operations
Baku-based supermarket chain Almali hopes to resume operations following the news that its owner, ADA Group of Companies, is in negotiations with investor CRG Capital to raise funds.Local reports suggest that CRG Capital plans to invest $5m to $7m (£3.27m to £4.6m) in the retail business, which suspended operations in ...
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Inditex plans to move into Australia
Inditex has announced plans to move into Australia next year as the retailer pushes ahead with its aggressive international expansion.The decision to enter the new market was announced at the company’s annual general meeting at its headquarters in Arteixo, in Galicia.Of the 343 new stores that Inditex opened last year, ...
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Lawson and Matsumoto-kiyoshi put off JV plan
Convenience store operator Lawson and drugstore chain Matsumotokiyoshi have put off plans to establish a joint venture until they can confirm the profitability of pilot stores. Initially considered was a plan to combine Matsumotokiyoshi drugstores with Lawson’s high-end convenience stores for health-conscious consumers, but the idea was rejected.
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NewsReiss upgrades performance management tools
Reiss will implement a new performance management system that will provide a single reporting system across its business to aid expansion.
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NewsLK Bennett to launch in the US
Women’s footwear and fashion retailer LK Bennett is to enter the US market, with plans to open up to 100 stores, it is understood.
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NewsTesco rapped for 'misleading' bread ad
A Tesco ad has been pulled because it misled consumers that its bread was “baked from scratch” in stores.
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NewsAsda Income Tracker: average UK family £7 a week worse off in June
The average UK family was £7 a week worse off in June compared to the same time last year, according to the Asda Income Tracker.
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NewsTrinity Leeds work to resume in August
Shopping centre Trinity Leeds has been given the go ahead by developers Land Securites, which has said it expects work to resume on site next month, in preparation for opening in spring 2013.
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NewsBlacks like-for-like sales fall 7.5%
Like-for-like sales fell 7.5% at Blacks Leisure in the 17 weeks to June 26.
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NewsShop Direct full year losses narrow
Littlewoods owner Shop Direct said its pre-tax losses narrowed from £114m to £21m in the year to April 30 after a year of “significant restructuring”.
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NewsOcado IPO priced at 180p
Ocado has priced its IPO at the bottom end of its revised price range after investors baulked at the original valuation.
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NewsOcado lowers its IPO price range
Ocado has lowered the anticipated price range for its IPO to between 180p to 200p.
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NewsTesco and Asda market share slips during World Cup
Tesco and Asda’s market share slipped during the World Cup, despite aggressive promotions and an increase in sales growth since June.
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NewsSome FSA responsibilities handed to Defra and DoH
Some of the Food Standards Agency (FSA) responsibilities will be transferred to the Department of Health (DoH) and the Department of Food, Environment and Rural Affairs (Defra), the Government has confirmed.
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NewsMarks & Spencer unveils flagship Bradford distribution centre
Marks & Spencer officially opens a 1.1m sq ft state-of-the-art distribution centre in Bradford today in a key step in its Project 2020 business improvement programme.