All articles by Planet Retail – Page 48
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News
Kroger reports 11% sales increase
Supermarket chain Kroger reported an 11% increase in sales (including fuel) to $27.5bn (£17bn) for its first quarter ended May 21. Excluding fuel, sales increased by 4.8% over the same period last year. A 4.6% increase in like-for-like sales together with cost savings boosted net profit 15.6% to $432.3m (£267.4m). ...
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Best Buy records a 1.7% fall in sales
Electricals giant Best Buy recorded a 1.7% fall in like-for-like sales during its first quarter ended May 28. Total sales grew by 1.4% to $10.9bn (£6.74bn ), but fell 0.8% in the US domestic market to $7.86bn (£4.86bn).Internationally the picture was better, with sales up 7.6% to $3.08bn (£1.9bn), or ...
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Migros Ticaret sells discount store chain
Supermarket retailer Migros Ticaret has afreed to sell its discount store chain Sok to Turkish reatiler Bizim Toptan and private equity firm Gozde Finansal.Migros sold 99.6% of its stake in Sok. The transaction is conditional upon regulatory approval from the Turkish Competition Board and is expected to close in the ...
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NewsGap remodels Old Navy
Clothing retailer Gap is to remodel its discount clothing chain Old Navy, abandoning its surplus feel in favour of a more modern lookThe new store arrangement organises clothes into areas based on outfit types to encourage more impulse purchases.Store designers have moved the checkout area and changing rooms to the ...
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Alon Holdings Blue Square
Alon Holdings Blue Square has reported its financial results for the year ended December 31 2010. Revenues soared 25.6% to ILS9.2bn (£1.6bn).The supermarket segment increased revenue by 0.5% from ILS6.9bn (£1.2bn), while the non-food segment had a revenue drop of 5.5%, mainly due to poor homewares sales.Alon Holdings Blue Square ...
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Clicks Group turnover up 14.7% to £881m
Health and beauty retailer and wholesaler Clicks Group posted a preliminary retail turnover increase of 14.7% year on year to ZAR9.7bn (£881m), and an increase in group turnover of 9% to ZAR13.3bn (£1.2bn) for the first half of its 2010/11 financial year ended February 28.“The results have been driven by ...
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Deichmann targets 200 stores within 10 years
German shoe retailer Deichmann has said it is targeting 200 stores within 10 years in Turkey, and is making an initial investment of E6m (£5m) to open 20 new stores.Last year the retailer opened 44 stores in 23 Turkish cities. Deichmann Turkey managing director Atilla Ozkul said thatthe chain experienced ...
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Lidl relying on exclusive manufacturer contracts and own production facilities for private-label
Schwarz Group’s discounter Lidl is increasingly relying on exclusive manufacturer contracts and own production facilities for its private-label products.Lidl is building two more plants for waters and soft drinks in Germany, in addition to its existing four Mitteldeutsche Erfrischungsgetränke GmbH & Co KG factories, bought by Lidl five years ago.
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Walmart chief for the US William Simon confident of reversing the fortunes of the retailer
Walmart chief for the US William Simon said he was confident of reversing the fortunes of the retailer after seven consecutive quarters of domestic sales declines at stores open at least a year.Part of his strategy includes returning to the Everyday Low Prices formula, after it veered to discounting. He ...
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Dissident Publix shareholders launch campaign to replace grocer's board
A group of dissident Publix shareholders has launched a campaign to elect its own slate of nine directors to replace the existing grocer’s board, which is made up of five heirs and relatives of the chain’s founder, George Jenkins. The group is also pushing for the retailer to launch an ...
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Ahold has opened its first Albert Heijn store in Belgium
Ahold has opened its first Albert Heijn store in Belgium. Among the 12,000 products sold 1,500 are Flemish, including a wide range of Belgian beers and chocolates. All items are offered at the same prices as at Albert Heijn in the Netherlands.At the store, which covers floor space of 13,450 ...
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Netflix to link accounts with Facebook
Netflix has reportedly begun asking users to link their Netflix accounts with Facebook in order to share information about what films they are watching with friends and family.Netflix has been rolling out versions of the new Facebook integration to test users over the past few weeks. Facebook is increasingly being ...
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Williams-Sonoma Q4 net revenues up 9.7% to £740m
Home furnishings retailer Williams-Sonoma has reported net revenues in its fourth quarter increased 9.7% to $1.2bn (£740m), including internet net revenue growth of 27.2% and a like-for-like sales increase of 5.2%.At the company’s mail order unit, Direct-to-customer (DTC), net revenues increased 17.3% to $466m (£287m), primarily driven by the Pottery ...
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Hornbach Holding net sales grow 5.7% to £2.6bn
DIY operator Hornbach Holding has revealed net sales growth of 5.7% to E3.02bn (£2.6bn) for the financial year ended February 28.DIY store division Hornbach-Baumarkt-AG achieved growth of 5.6% year on year. Builders material wholesale division Hornbach Baustoff Union increased its net sales by 8.4% to a still marginal E180m (£158m).
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Deichmann sales up 13% to £58m
Deichmann has filed a 13% increase in sales for the 2010 fiscal year to HUF19.9bn (£58m), with an uplift in volumes from 2.67 million to 3.17 million pairs of shoes.Deichmann currently has 72 stores in Hungary, 11 of which opened last year. This year it plans to open four new ...
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Apoteket to roll out 100 vending machines selling non-prescription drugs
Leading pharmacy operator Apoteket expects to roll out about 100 vending machines selling non-prescription drugs and other healthcare items in the first half of 2011.A machine can hold up to 60 products and all will be located at convenience stores, shopping centres and major travel interchanges.Apoteket director of distribution and ...
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Cencosud sales up 16.1% to £7.3bn
Cencosud has posted a 16.1% increase in net sales to CLP6.19 trillion (£7.3bn) for 2010, while operating profit reached CLP306.5bn (£364m), as domestic demand recovered from the global financial crisis.Cencosud’s Chilean operations account for 46% of annual revenue, while the remainder comes from its four other South American operations.
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ITM sales up 4% to £30bn
Grocer ITM has grown sales 4% for 2010 to reach nearly E35bn (£30bn) as a result of a strong international performance. Sales in France grew 1.6%. As part of its three-year plan, ITM intends to grow sales per square metre 15% and an extensive remodelling programme will be completed by ...
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Couche-Tard Q3 net earnings jump 29.6% to £46m
Convenience store operator Couche-Tard posted net earnings of $71m (£46m) for the third quarter ended January 30, up 29.6% from the comparable period last year. The increase was attributable to growth in merchandise and service sales, the contribution from a rising number of sites offering fuel and the growth in ...