All articles by Planet Retail – Page 21
-
News
Grocer Woolworths reveals full-year sales growth
Grocer Woolworths revealed that full-year sales from continuing operations rose 4.8% to A$55.13bn (£36.4bn) in the 12 months to June 24.The continued roll-out of Woolworths’ new 2015 store format, with a focus on value and innovations in fresh food, contributed to the rise.The retailer opened 38 Australian supermarkets during the ...
-
News
Food and clothing retailer Woolworths reports group sales growth
Food and clothing retailer Woolworths reported group sales growth of 11.8% and 7.1% like-for-like for its financial year ended June 24.At the County Road clothing division in Australia and New Zealand, turnover fell 6.6% despite net retail space in Australia rising by 1.3%.Across the international group, excluding franchised stores, the ...
-
News
Fall in turnover for CDC
Electronics store and warehouse club operator CDC’s turnover for the second quarter ended June 30 fell 55% to E75m (£58m).The retailer’s primary trading margin was down 57% to E7.6m (£5.9m). CDC attributed the plunge to its ongoing financial burden and the negative outlook for the market.
-
News
Walmart launches classroom supply lists online
Walmart has launched an online compilation of classroom supply lists for schools across the entire country.Classrooms by Walmart, introduced by the company’s @WalmartLabs division, enables parents to find their children’s classroom supply lists and purchase the items via Walmart.com or at their local Walmart store.According to Walmart, it is the ...
-
News
Big C reports second-quarter sales increase
Casino’s subsidiary Big C reported second-quarter sales up by 5% to THB27.75bn (£563m) year on year.The hypermarket operator’s net profit rose 27% to THB1.4bn (£28m) thanks to strong growth in rental and service incomes.Big C is still feeling the effect of last year’s floods, which forced it to shut some ...
-
News
Migros and Coop adapt PoS terminals
Grocers Migros and Coop plan to adapt their PoS terminals to accept near field communication payments by mid-2013, Neue Zürcher Zeitung has reported.The technology also allows contactless payment using near field communication-enabled mobile phones. The initiative is expected to increase acceptance of the technology in the country.
-
News
Carrefour to reintroduce entry-price products
Carrefour is reintroducing non-branded entry-price products in parallel with its Carrefour Discount range, it has been reported.Only a handful of SKUs are available at present – including ham and coffee – but more could be on the way. Most of them are packaged in a similar style to the distinctive ...
-
News
Nordstrom finalises plans to set up shop in Canada
Department store group Nordstrom is finalising plans to set up shop in Canada. It is thought to have four locations in the pipeline to be converted from soon-to-be-vacant Sears Canada stores in Vancouver, Calgary, Ottawa and Toronto.Nordstrom is also believed to be keen to take over the Sears flagship store ...
-
News
Target and Neiman Marcus to co-launch special designer collection
Discounter Target and department store group Neiman Marcus are to co-launch a special collection featuring more than 50 products from 24 designers this winter.These will be created by designers including Carolina Herrera, Marc Jacobs, Oscar de la Renta and Diane von Furstenberg. The Target + Neiman Marcus Holiday Collection will ...
-
News
Inditex to absorb Spanish government-imposed VAT increase
Zara owner Inditex is to absorb the Spanish government-imposed VAT increase from 18% to 21%, so as not to increase prices. In 2010, when VAT rose from 16% to 18%, Inditex also kept prices stable.“With this decision, Inditex maintains its policy of price stability as it has already absorbed a ...
-
News
Ikea releases film to promote 2013 catalogue
Ikea has released a two-minute film to promote the forthcoming publication of its 2013 catalogue. The film was created by the global agency of record for the Ikea catalogue, McCann New York. A World Without Textiles is the theme for the catalogue, and features a family living in an uncomfortable ...
-
News
Yamada Denki to increase stake in domestic rival
Electronics retailer Yamada Denki plans to increase its stake in domestic rival Best Denki to more than 50%, up from 7.5% at present.Yamada Denki will invest ¥10bn (£81m), in an attempt to cement its leading position in the Japanese electronics market.Best Denki will remain a publicly listed company and retain ...
-
News
Carrefour’s joint venture with Sabanci Holding under pressure
Carrefour’s joint venture in Turkey with Sabanci Holding is under pressure, following the sudden resignation of four members of the board of directors.According to Turkey’s Hürriyet newspaper, Chairman Haluk Dinçer – in place since 2004 – as well as three other members have resigned as of July 16. The gesture ...
-
News
X5 Retail Group chief executive resigns
Leading grocery retailer X5 Retail Group has disclosed that Andrei Gusev has resigned as chief executive. However, he will continue to work with the company in an advisory capacity.Board member Stephan DuCharme will assume Gusev’s role on a temporary basis. The change came at the same time as the retailer ...
-
News
Fast Retailing to open 1,000 new stores in Greater China
Uniqlo owner Fast Retailing plans to open 1,000 new stores in Greater China. It currently operates 136 stores in the country.The company also plans to open more than 1,000 stores in Asia, excluding Japan and China.Company president Tadashi Yanai said: “Japan has only 100 million people. Asia has 4 billion. ...
-
News
Grocery giant Leclerc posts first half-year sales
Grocery giant Leclerc reported first half-year sales in its domestic market up 8.3% to j15.21bn (£11.93bn), excluding fuel.Total sales for the first half increased by 8.1% to j20.47bn (£16.06bn), including fuel. Company president Michel-Édouard Leclerc said the results showed a consolidation of its “low-price positioning, which is not only a ...
-
News
Tengelmann cautiously optimistic about future
Retail conglomerate Tengelmann has posted results for its financial year ending December 31, 2011.The retailer said it was cautiously optimistic about the future amid an uncertain economic environment as the euro crisis continues. Group turnover – including ecommerce operations but excluding the US business disposed of in March – increased ...
-
News
SuperValu reports net sales decline
SuperValu has reported net sales of $10.6bn (£6.82bn) for its first quarter, compared with $11.1bn (£7.14bn) the previous year. The retailer’s net earnings declined 45% to $41m (£26.39m).SuperValu put the fall in earnings down to the disposal of a majority of fuel stations, a decline in like-for-like sales and market ...
-
News
JCPenney to revamp US stores
Department store chain JCPenney is revamping almost 700 US stores. The scheme will create a new in-store layout, including multiple smaller units, dedicated to particular brands such as clothing and cosmetics. The initial transformation of 10 stores is expected to be completed by August 2012. The retailer is to remodel ...
-
News
Crate&Barrel push international expansion
Otto Group-owned homeware retailer Crate&Barrel is pushing its international expansion.The retailer plans to open a store in New Mexico as well as in Singapore and Santiago de Chile. Two shops in Dubai opened in 2011.Crate&Barrel aims to have six stores outside North America in the next 18 months.