All articles by Planet Retail – Page 41
-
News
Pick n Pay enters Mauritius
Pick n Pay has entered Mauritius with the launch of a 43,000 sq ft franchise superstore and plans to add two further outlets in 2012. The move is part of the retailer’s foreign growth strategy across the sub-saharan region. Having withdrawn from Australia this month, Pick n Pay now has ...
-
News
Intermarché to grow convenience format
Intermarché is to increase its presence in big French urban centres by growing its Intermarché Express convenience format. The retailer has 22 convenience stores and expects to operate 50 by the end of 2012. Eight Express stores will open in the next four months, said Philippe Manzoni, president of ITM ...
-
News
Toys R Us to open first store in Poland
Toys R Us is to open its first store in Poland next month – its first market entry for 10 years. The store will be in Warsaw’s Blue City shopping centre. Toys R Us has signed leases for four further stores in Poland, averaging 25,835 sq ft. Toys R Us ...
-
News
DIY operator Hornbach reports net sales increase
DIY operator Hornbach reported net sales up 7.5% to e1.78bn (£1.53bn) for the six months to August 31. Total second-quarter sales rose 3.9% although net income was down 8.3% to e50m (£44.3m). Like-for-like sales dipped 0.2%. Hornbach’s international business was its main revenue driver, with second-quarter sales up 7.3%at its ...
-
News
Carrefour hypermarkets not matching performance of pilot stores
Carrefour said its new Carrefour Planet hypermarkets weren’t matching the performance of the format’s pilot stores. Compared with the pilots sales at newer Carrefour Planet stores have not been increasing as strongly.However, group chief commercial officer José Carlos Gonzalez-Hurtado has said the results were still ahead of the September 2010 ...
-
News
Blockbuster launches subscription movie service
Blockbuster has launched its own subscription movie service which it claims will compete against rival Netflix. Blockbuster Movie Pass will be available from October 1 for a monthly subscription of $10 (£6.40). The service includes DVD movies, TV shows and video games. It will be launched initially to customers of ...
-
News
Edeka plans store openings in 2012
Grocery operator Edeka says it plans to open about 200 new full-assortment stores in 2012, maintaining its expansion pace of the past two years. The company will invest about e1bn (£860m) next year in the expansion and modernisation of its store network. Most of Edeka’s full-assortment stores are operated by ...
-
News
Bed Bath & Beyond reports net sales increase
Home furnishings retailer Bed Bath & Beyond has reported net sales for the second quarter ended August 27, 2011 increased by 8.3% to $2.3bn (£1.5bn). Like-for-like store sales in the financial second quarter of 2011 increased by approximately 5.6% compared with the period the year before. Net earnings grew by ...
-
News
AutoZone reports net sales increase
AutoZone has reported net sales for the financial year ended August 27, 2011 increased by 9.6% to $8.1bn (£5.2bn). Same-store sales rose by 6.3% while net income was up by 15% to $848m (£547m). Fourth quarter net sales climbed 8.1% to $2.6bn (£1.7bn) while same-store sales grew by 4.5%.Bill Rhodes, ...
-
News
PPR suspends sale of Redcats division
PPR has suspended the sale of its Redcats division, citing market conditions as the reason for a failed auction process. First round bids for Redcats were due to be completed last week, with acquisition firms TPG and PAI working on a joint bid. Permira, Apax Partners and Advent International were ...
-
News
Dansk aims to overtake Lidl
Dansk Supermarket and its Sweden-based banner Netto is aiming to overtake Lidl to become the largest hard discounter in the country. Chief executive Jan Richter revealed the chain will look to open 30 new outlets a year until 2015, and expects to surpass Lidl in terms of store numbers during ...
-
News
Aditya Birla Retail to expand presence in rural markets
Aditya Birla Retail has announced that it will focus on expanding its presence in rural markets, according to its vice- president Sumit Chandna.Over 30% of the retailer’s supermarkets are in smaller towns where disposable income is high, hence future expansion will be centred on these locations, he noted.
-
News
Ikea reveals sales increase
Ikea has revealed that sales rose 6.9% in the year ended August 31, 2011 to reach nearly E25bn (£21.7bn). Over the year, the retailer cut prices and added stores to drive sales. The weak economy meant customers switched to smaller ticket items. Chief executive Mikael Ohlsson confirmed the company’s interest ...
-
News
Colruyt predicts net profit will be below market expectations
Colruyt predicts that net profit this year will be below market expectations and no higher than last year. According to the grocer, the reasons for this are higher food, energy and staff costs.The traditionally cautious Belgian company said it would not be able to fully pass on higher food and ...
-
News
Pick n Pay to withdraw from Australian market
South Africa-based grocer Pick n Pay is finally withdrawing from the Australian market. The news comes more than a year after the retailer’s original announcement in July 2010 that it was planning to sell its Franklins supermarket chain to Metcash to focus on growth in Sub-Saharan Africa. Metcash has notified ...
-
News
ITM announces sales growth
ITM, the operator of Intermarché grocery formats, has announced sales grew by 6.3% including petrol for the first half of 2011. The retailer’s hypermarket division saw sales rise 3% while supermarkets sales increased by 2.7% for those selling non-food, and by 1.9% for those selling food only. For the convenience ...
-
News
Inditex announces net profit rise
Inditex has announced that net profit rose 14% in the first half of this year as the retailer continued its rapid international expansion away from its home market.In the first half of the year, the retailer opened stores in Australia and over the next few months Zara will open its ...
-
News
Lev Khasis joins Walmart
International grocer Walmart has appointed Lev Khasis as senior vice-president and chief leverage officer.Khasis is the former chief executive of Russia’s largest retailer, X5 Retail Group. He will report directly to Doug McMillon, who heads Walmart’s international division, and will be responsible for integrating new retail acquisitions and combining purchasing ...
-
News
Best Buy launches online Marketplace
Electronics retailer Best Buy has launched an online Marketplace in the US.The service offers products from third-party sellers in order to expand the range of items and brands available on Bestbuy.com.Overall, Best Buy Marketplace will increase the number of products available through the company’s website by about a third.
-
News
Toys R Us reports net sales growth
Toy retailer Toys R Us has reported a 3% growth in net sales for the second quarter ended July 30, driven by store openings and favourable exchange rates at its overseas operations.However, like-for-like sales fell 2.2% in the US and international markets. The company widened its net loss to $34m ...