All articles by Planet Retail – Page 35
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News
CP All falls short of 2011 sales target
Thai convenience store chain CP All has said it expects to fall short of its 2011 sales target by between 1% and 2% because of the recent flooding in central provinces. However, the retailer is confident that sales at its 7-Eleven convenience banner will grow between 13% and 15% in ...
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Seven & I posts operating income increase
Retail group Seven & I posted results for the nine months to the end of November, with operating income up ¥216.2bn (£1.82bn) compared with ¥175.7bn (£1.48bn) the previous year. Revenue from operations was ¥3.54 trillion (£29.8bn), lower than the ¥3.8 trillion (£32bn) reported for the same period the previous year. ...
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Aeon reports revenue increase
Japanese variety retailer Aeon has reported its financial results for the nine months ended November 30, 2011. Revenue rose to ¥3.75 trillion (£31.6bn) compared with ¥3.73 trillion (£31.4bn) reported for the same period the previous year. Net profit was ¥36.54bn (£307.7m), 25.6% lower than the ¥49.12bn (£413.7m) reported last year. ...
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Otto Group set to achieve strong revenues in Russia
German online and mail order retailer Otto Group expects to achieve revenues of about e500m (£412.5m) for the financial year to February 29, 2012, in Russia. Otto Group operates several mail order banners such as Bonprix, Quelle, Witt and Otto in the country. In the medium term, it expects to ...
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Rossmann posts sales growth
AS Watson-controlled German drugstore chain Rossmann has posted sales growth of 10.5% to e5.12bn (£4.22bn) in its operating countries for 2011. It confirmed its forecasts from December and said it expects turnover of e5.6bn (£4.62bn) in 2012. In Germany the retailer increased sales by 10% to e3.81bn (£3.14bn) and announced ...
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Merger announced for Shopko and Pamida
Shopko and Pamida, both owned by an affiliate of Sun Capital Partners, are to merge. The retailers expect the deal to close in mid-February, and financial details have not been disclosed. With Shopko and Pamida’s annual revenues of $2bn (£1.29bn) and $1bn (£647.4m) respectively, the companies will operate nearly 350 ...
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Target announces Canadian store locations
Target has announced the locations of its first 24 stores in Canada. The Ontario stores will open in March and early April 2013 in London, Kawartha Lakes, Newmarket, Milton, Cambridge, Toronto, Mississauga, Ajax, Orillia, Brampton, Windsor, Burlington, Aurora, Fergus, Hamilton, Guelph, Waterdown and Whitby. Target Canada president Tony Fisher said ...
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GNC to expand outside the US
Nutritional specialist GNC is to expand outside the US, with plans for more than 200 new international stores, chief executive Joe Fortunato told the Pittsburgh Tribune-Review. The openings include new market entries in Russia, Brazil and the EU.GNC, which already operates about 2,500 international stores, also plans 160 new stores ...
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Massmart receives approval from Competition Tribunal
Grocery retailer Massmart has received approval from the Competition Tribunal to acquire Fruitspot and Rhino Group via two of its subsidiaries. Massmart, which revealed plans to buy fresh fruit and vegetable wholesaler Fruitspot through its Makro cash-and-carry subsidiary in July 2011, was given conditional approval.The tribunal said: “In the merger ...
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Ahold’s Dutch Albert Heijn operation plans online marketplace
Grocery retailer Ahold’s Dutch Albert Heijn operation intends to create an online marketplace.The retailer plans to add non-food items such as books, clothes and home entertainment products to its albert.nl online grocery assortment in order to follow its ‘six-pillar’ strategy presented last autumn.Ahold spokesman Jochem van de Laarschot said an ...
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Lowe’s acquires online retailer ATG Stores
Home improvement retailer Lowe’s has acquired ATG Stores, an online retailer of home enhancement and lifestyle products based in Washington. Lowe’s said the deal allowed it to capitalise on complementary strengths and employees’ expertise by sharing best practices for online marketing and merchandising.“The addition of ATG Stores is a strategic ...
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Harvey Norman launches Irish website offshore
Household and electronics goods retailer Harvey Norman has launched an Irish website offshore through which Australian consumers avoid paying the goods and service tax.Harvey Norman chairman Gerry Harvey has expressed his concerns about the rise of international online shopping and its effect on the Australian retail market. He conceded the ...
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Convenience store operator Lawson plans store increase
Japan-based convenience store operator Lawson plans to acquire Chinese retail chains to increase its stores in China to about 5,000 by 2015, president Takeshi Niinami said in an interview with Kyodo News. Lawson has so far opened about 340 convenience stores in Shanghai, Chongqing and Dalian.Niinami also said that although ...
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Ikea to open South Korean store in 2014
Ikea has acquired a 841,715 sq ft plot in Gwangmyeong, Gyeonggi Province, Chosun Ilbo reports. The home furnishings retailer plans to open a store on the site in 2014.Ikea Korea said that, to cater for local consumer habits, delivery and assembly services would be provided through a subcontractor.
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Esprit launches new concept store
Hong Kong-based clothing retailer Esprit has launched a new concept store in Cologne as part of a strategy to strengthen its brand image and profitability. The store, dubbed the ‘lighthouse’ shop, operates from an urban loft space where shoppers can unwind as well as buy clothing.Esprit project manager Mike Ross ...
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Primark to open its first store in Austria
Value fashion retailer Primark is to open its first store in Austria at the Sillpark Shopping Centre in the city of Innsbruck. The store is due to open in the later part of summer this year and is expected to have a sales area of about 43,055 sq ft.The Austrian ...
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Carrefour sells 97 supermarket properties
Carrefour has sold 97 supermarket properties to La Française AM, an investment fund majority-owned by Crédit Mutuel Nord for e365m (£305.5m).The properties were previously held by Carrefour’s real-estate branch, Carrefour Property. Carrefour will continue to operate the stores through 12-year leases under its Carrefour Market banner.
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Dollar Tree introduces transactional mobile-optimised website
Discounter Dollar Tree has introduced a transactional mobile-optimised website powered by Usablenet.The new site allows users to search for a specific item by keyword, product number or category and features a store locator.It also leverages social networking sites like Facebook and Twitter, enabling Dollar Tree to build its brand awareness ...
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Carrefour may sell stake in Altis to fund new venture
Grocery retailer Carrefour could sell its 50% stake in franchisee Altis to fund part of the takeover of its main franchisee Guyenne & Gascogne.Altis is a joint venture between Carrefour and Spanish grocer Eroski. The latter would reportedly buy Carrefour’s stake and sell it to a French retailer that has ...
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Demandtec strikes merger agreement with IBM
Walmart’s vendor of price optimisation software Demandtec has struck a merger agreement with IBM worth $440m (£281.6m).Demandtec’s cloud-based analytics solution helps retailers to adjust pricing according to customer buying patterns. Demandtec serves about 450 clients worldwide, including some of the biggest names in retail such as Casino, Ahold, Delhaize and ...