All Retail Week UAT articles in November 12 2010 – Page 8
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NewsWaitrose Q3 like-for-likes up 4.4%
Waitrose has reported like-for-like sales for its third quarter were up 4.4%, driven by new customers and larger basket sizes.
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NewsFormer New Look boss Phil Wrigley invests in etail start-up
Former New Look boss Phil Wrigley has invested a “six figure sum” into a new online retail venture that claims to “turn retail logic on its head”.
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NewsCharles Kay steps down from Netto UK
Charles Kay, managing director of Netto UK, has stepped down from the business, just six months after the hard discounter was sold to grocer Asda.
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NewsNew boss for TJ Hughes as Tennant steps down
TJ Hughes chief executive Sue Tennant will leave the discount department store group at the end of the year, five months after private equity backers Silverfleet pulled a sale of the business.
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Media-Saturn to open first store in China
Metro Group-owned consumer electronics retailer Media-Saturn will open its first store in China, in Shanghai, on November 17 this year. The store will have a sales area of 145,320 sq ft.Media-Saturn chief executive Roland Weise confirmed that the retailer was planning to grow its local network to 10 stores in ...
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Lidl given the go-ahead for acquisition of Tengelmann's discount stores
The Romanian competition authorities have formally given their go-ahead for the acquisition of all of Tengelmann’s 105 Plus discount stores in Romania by Lidl. The office stated that the transaction would have no negative effects on competition in the national grocery market.For Lidl, the decision means that it will expand ...
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Fnac to expand into Northern Africa and South America to move sales away from France
PPR-owned electronics retailer Fnac aims to generate half of its sales outside of France by 2015 as it expands in Northern Africa and South America. Chief executive Christophe Cuvillier said: “We’re looking to expand in other countries. The priority internationally is to grow where we already are.”Fnac will open its ...
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Whole Foods Market like-for-likes increase 7.1%
Grocery retailer Whole Foods Market has reported sales for the full year ended September 26 increased 12% to $9bn (£5.56bn), with like-for-likes increasing 7.1%. EBITDA increased 29% to $713.6m (£440.9m). These results included Federal Trade Commission-related legal costs of $2.5m, compared with $14.7m in the prior year and a gain ...
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Distribución y Servicio (D&S) to change its name to Walmart Chile
Grocery retailer Distribución y Servicio (D&S) is to change its legal name to Walmart Chile. The move will have to be ratified at the next company shareholder meeting, which will take place in late November. The decision will not affect the fascias that the retailer operates such as Líder, Ekono ...
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H&M opens first store in Turkey
Swedish fashion retailer H&M has opened its first store in Turkey, in the country’s capital, Istanbul. The 24,760 sq ft store is located in the Forum Istanbul shopping centre and the retailer will continue its expansion in the country by opening the second H&M store in Istinye Park in December ...
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Pantaloon Retail to add 15m sq ft of retail space by 2014
India-based Pantaloon Retail has announced plans to invest INR2,100 crore (£280.1m) over the next three years on expansion. Speaking to investors at the company’s AGM, chief executive Kishore Biyani said that the funds would be used to add 15 million sq ft of retail space by 2014. “The funds will ...
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Walmart submits bid for Matahari hypermarkets
Walmart has reportedly submitted a bid for Indonesian retailer Matahari’s hypermart stores, joining regional competitor Lotte Shopping and private equity firm Carlyle Group.Although it is unclear whether Walmart has formally bid for the business, Reuters reports that the retailer has hired Barclays Capital to advise on the transaction, which could ...
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Metro to add smaller stores in Asia
Metro Group-owned Metro plans to add more city centre cash and carry outlets in Asia. The centrally located stores will be smaller, with only about a third of the floor space of its suburban stores. Metro Group is expanding in Asia to become less reliant on its domestic German market ...