All articles by Planet Retail – Page 60
-
News
Lidl offers TV travel deals
Schwarz Group’s discount grocer Lidl is offering its holiday travel deals through a specialist TV channel.Lidl in Germany has teamed up with travel shopping TV Sonnenklar.tv to promote its monthly holiday trip special offers on air. The 30-minute programme is broadcast daily at 4pm.According to reports Lidl is advertising its ...
-
News
Dollar General Q2 sales up 10.8%
Fixed-price retailer Dollar General has reported a sales increase of 10.8% to $3.21bn (£2.07bn), for the second quarter ending July 30.Like-for-likes increased 5.1%, with customer traffic and average transaction amounts contributing to the like-for-like increases. Net income was $145.1m (£93.9m) for the second quarter, compared with net income of $93.6m ...
-
News
Falabella Q2 sales up 19.5%
Retailer Falabella has reported sales of CLP1.09trn (£1.22bn) for the second quarter ended July 31, 19.5% higher than in 2009.The main reason behind this increase in sales was believed to be the recovery in the levels of consumption in South America. profit reached CLP95.5bn (£124.7m), up by 67.2%. ...
-
News
Auchan H1 sales grow 6.8%
Hypemarket operator Auchan has reported that sales grew 6.8% for the first half of 2010 to €20bn (£16.69bn), of which 54% was generated by its international operations. Group like-for-like revenue at constant exchange rates and excluding petrol sales increased 1%.Net profit from continuing operations came to €248m (£207m), up by ...
-
News
South Africa’s Woolworths brings franchises in-house
Department and food store operator Woolworths has announced its intention to bring all franchise operations in-house in its home market. Woolworths chief executive Simon Susman said: “We have come to the conclusion that it is no longer in the best interests of Woolworths for us to operate a local franchise ...
-
News
Yamada Denki to open small rural stores
Japanese electronics market leader Yamada Denki has announced plans to open smaller stores in thinly populated rural areas in a bid to speed up expansion away from competitive urban centres.The retailer intends to open 10 such stores by early next year. They will have a sales area of about half ...
-
News
M.Video H1 sales up 7%
Consumer electronics chain M.Video’s retail sales increased almost 7% to RUB41bn (£866m) for the first half of 2010.M.Video’s net profit more than doubled to RUB518m (£10.9m).The increase in net profit is due to lower financing costs during 2010. President and chief executive Alexander Tynkovan said: “Customers are feeling more positive ...
-
News
Penny to invest £12m in new Romanian stores
Germany-based Rewe Group’s discount division Penny is to invest €15m (£12m) opening 10 stores by the end of 2010.The retailer has opened nine stores so far in 2010, each covering between 10,765 sq ft and 14,000 sq ft. In total, Penny has 108 stores in Romania, six of which are ...