All articles by Planet Retail – Page 20
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News
Lowe’s aims to acquire Canadian competitor
Home improvement retailer Lowe’s aims to acquire Canadian competitor Rona for C$1.8bn (£1.15bn).Rona has already publicly rejected the offer stating that “it is not in the best interest of the company and its stakeholders” and that it would prefer to remain focused on executing its business plan.Rona is implementing its ...
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Discount retailer Dia reports gross sales growth
Discount retailer Dia’s gross sales rose 6.9% in the first half of 2012, to E5.75 billion (£4.57bn).The retailer’s adjusted EBITDA reached E261m (£207.6m), up 5.2% on the same period last year. The performance was driven by the operations in Iberia as well as in Argentina and Brazil.Despite a challenging economic ...
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Central Retail plans first Central Department Store
Central Retail plans to open its first Central Department Store in Jakarta in 2014, taking advantage of the country’s growing retail market.It will have four floors, totalling 230,000 sq ft, and be in the Grand Indonesia shopping centre in central Jakarta.The retailer plans to open five more department stores in ...
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El Corte Inglés to join buying group AMS Sourcing
El Corte Inglés will join buying group AMS Sourcing from next January.Its inclusion will give AMS 14 retail members including Ahold, Delhaize Group, Esselunga, Jerónimo Martins and Morrisons in 28 European countries and with combined annual retail sales of approximately E130bn (£103.39bn).AMS managing director Bert Swartsenburg said: “We are more ...
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Aldi Süd’s Hofer cuts Coca-Cola prices
Discount retailer Aldi Süd’s Hofer has cut retail prices for Coca-Cola products by a third, just weeks after introducing the brand.The change is believed to be a reaction to market leader Rewe Group’s Billa supermarket division. Billa recently launched its latest ‘best price guarantee’, promising loyalty card holders it would ...
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Tap 09 to acquire Austrian Schlecker stores
Drugstore operator Schlecker has found a buyer for its stores in Austria and markets affiliated to the Austrian business. Private equity company Tap 09 is to acquire 1,350 drugstores in Austria, Italy, Poland, Belgium and Luxembourg.Tap 09 intends to convert the shops to a neighbourhood store concept called ‘daily’. Sale ...
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Grocer Edeka updates marketing campaign
Grocer Edeka is changing its marketing strategy. With new advertising partner Jung von Matt, Edeka has changed its year-old campaign ‘Wir lieben Lebensmittel’ (‘We just love food’) to a more emotional approach.The strapline now includes a heart symbol in its corporate colour yellow. The co-operative grocer said it “wants to ...
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Amazon introduces instant video app for iPad
Amazon has introduced an instant video app for iPad. It will enable customers to stream or download movies and TV episodes from their Amazon library directly to the device.Amazon previously offered this service for its Kindle Fire tablet, but the latest initiative broadens the service to a wider audience and ...
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Apple posts net sales growth
Apple posted net sales of $35bn (£22.29bn) for its third quarter ended June 30, up from $28.6bn (£18.21bn) in 2011.Net profit rose from $7.3bn (£4.64bn) last year to $8.8bn (£5.6bn).International sales accounted for 62% of the quarter’s revenue. Apple sold 26 million iPhones, representing 28% unit growth, while 17 million ...
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JCPenney to stock discount apparel brand
Department store group JCPenney will stock Canadian grocer Loblaw’s discount apparel brand, Joe Fresh, in 700 stores starting in April 2013. The areas, designed by the Joe Fresh team, will range from about 1,000 sq ft to 2,500 sq ft, and debut with women’s apparel. Joe Fresh products will also ...
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Amazon records increase in sales
Amazon recorded a 29% increase in sales to $12.83bn (£8.17bn) in its second quarter ended June 30. That was slightly below Wall Street expectations and compared with a record 51% growth for the corresponding quarter last year.Operating profit declined to $107m (£68.1m) from $201m (£128m). Revenue at the company’s North ...
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LVMH’s Selective Retailing division reports organic sales growth
Luxury group LVMH’s Selective Retailing division reported organic sales growth over the first half-year of 16% to E3.6bn (£2.81bn), while profit soared by 30% to E373m (£191.1m). The retailer said it benefited from sustained growth in Asia and North America.The group will open three concessions at Hong Kong airport by ...
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Coles releases full-year results
Coles released its full-year results for the 12 months ended June 30. Headline food and liquor sales of Aus$26.2bn (£17.51bn) were 4.6% above 2011, while like-for-like sales increased 3.7%.That was a better performance than rival Woolworths, which posted a full-year Australian food and liquor sales increase of 3.8%.
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H&M to close flagship Hong Kong store
Swedish fashion retailer H&M plans to close its flagship store in Hong Kong, according to the The Wall Street Journal.The 30,000 sq ft shop will shut in autumn 2013 and be replaced by one operated by rival clothing retailer Zara.H&M spokeswoman Cher Chui said the retailer had been unable to ...
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Fnac reports sales decrease
Fnac, PPR’s books, music and electronics business, reported sales were down 1.1% for the first six months of this year to E1.77bn (£1.38bn). Like-for-like sales fell 1% and the retailer recorded an operating loss of E7.5m (£5.8m) compared with an operating profit of E6.7m (£5.2m) for the same period last ...
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Drugstore group Schlecker begins clearance Sales
Insolvent drugstore group Schlecker has begun clearance Sales in the remaining 358 Schlecker XL and 367 Ihr Platz shops. Products have been discounted by between 30% and 50%, according to administrator Werner Schneider.The Schlecker XL shops will be closed in August. Schneider is still searching for buyers of the remaining ...
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Hudson’s Bay plans store closures for Zellers
Hudson’s Bay plans to close most of its 64 remaining Zellers stores, according to local press. They are locations that are not being converted to Target shops. The closures will be completed by March 2013.A spokeswoman said: “After a lengthy review and numerous discussions with various parties, it became apparent ...
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Media-Saturn acquires electronics etailer 003.ru
Germany-based Media-Saturn, part of the Metro Group, has acquired Russian electronics etailer 003.ru from founder Vladislav Oulendeev, subject to approval by anti-trust authorities.Media-Saturn chief executive Horst Norberg said: “Our objective is to position our new subsidiary in Russia as an inexpensive online retailer, similar to Redcoon in Western Europe.”
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Amazon reveals exclusive agreement with Warner Bros
Amazon has revealed an exclusive agreement with Warner Bros Domestic Television Distribution to add popular TV shows to its Prime Instant Video catalogue.These titles – including shows like Fringe and The West Wing – will be available to Amazon Prime members this summer, adding to its Prime offering of more ...
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Ikea to use augmented reality in 2013 catalogue
Ikea is to use augmented reality in its 2013 catalogue. The new features will let consumers access films, interactive experiences and photo galleries using their smartphones, it has been reported.A digital version of the catalogue will be released in the US on July 31 and the print version will be ...