All articles by Planet Retail – Page 68
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News
Ikea seeks 12 new stores in Spain
Ikea will open its first store in the northern region of Galicia in July.The furniture and furnishings retailer has invested e60m (£52m) in the store on a 323,000 sq ft site and it will create 400 jobs.The Spanish press has reported that Ikea wants to open 12 new stores in ...
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Shoppers Drug Mart sales up 5.7%
Drugstore chain Shoppers Drug Mart’s sales jumped 5.7% to C$2.32bn (£1.5bn) in the first quarter of 2010. The company continues to enjoy sales growth in all regions of the country, led by gains in Quebec and Western Canada. Like-for-like sales increased 3.1% over the quarter.Net earnings increased 8.2% to C$116m ...
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Office Depot sales fall 4.7%
Office Depot saw sales fall 4.7% to $3.1bn (£1.9bn) during the three months to March 27, 2010. Operating profit came in at $56m (£36m), compared with a loss of $60m (£39m) in the first quarter of 2009.Net profit was $29m (£19m), an improvement on the $55m (£36m) loss in the ...
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Jerónimo Martins Q1 profits up 30%
Grocer Jerónimo Martins posted a €42.3m (£36.8m) net profit for its first quarter, a 30% jump on the same period in the previous year.The retailer attributed the result to strong sales, which rose 21.8% to e1.96bn (£1.70bn), compared with the first quarter of 2009. Sales at its Biedronka discount supermarket ...
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C&A turnover flat at £5.56bn
Fashion retailer C&A generated turnover of e6.3bn (£5.5bn) in the year ended February 2010, up by just 0.03% on the previous year.Sales growth was seen in Belgium and Luxembourg (3.2%), in Austria (1.1%), in Germany (0.2%) and in its online business. But turnover dropped in Spain and Portugal (-2.6%), Eastern ...
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JC Penney aims for £14.2bn sales by 2014
JC Penney has set new, five-year operational and financial targets to reflect a focus on driving profitable, top-line growth and expanding market share.By the end of its 2014 financial year, the retailer is aiming to increase total sales by more than $5bn (£3.1bn) to reach about $23bn (£14.2 bn).In the ...
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SuperValu sales down 8.9%
Grocery retailer SuperValu posted an 8.9% net sales decline to $40.6bn (£26bn) in the year ended February 27.Same-store sales declined 5.1%. However, net income rocketed to $393m (£252m) compared with a $2.9 bn (£1.6bn) loss last year.SuperValu chief executive and president Craig Herkert said the retailer expects net sales to ...
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D&S rolls out 600 new private-label products
Walmart’s Chilean division D&S has rolled out more than 600 new and reformulated private-label products, including the debut of Walmart’s Great Value private-label range in the country.According to D&S, the Walmart private-label range has been imported “to have a better range of products at a great price” in the food ...
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Pick ’n’ Pay sales up 9.8%
South Africa’s second largest grocery retailer Pick ‘n Pay reported sales growth of 9.8% to ZAR54.7bn (£4.2bn) in its financial year ended February 28.Trading profit for the year slid 2.5% to ZAR1.65bn (£145.5m), as margins were undermined by price cuts in basic foods. The retailer reported double-digit growth in fresh ...
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Wesfarmers sales up 4.9%
Sales at Wesfarmers’ grocery arm Coles rose 4.9% to Aus$6.91bn (£3.5bn) in the quarter to March 28. Meanwhile, its home improvement operations experienced a 7.9% jump in sales to Aus$1.54bn (£771m), while sales from its office supplies division rose 7.7% to Aus$390m (£195m).Sales at Coles’ department store chains Target and ...
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Fast Retailing plans 200 g.u. stores
Fashion retailer Fast Retailing has revealed plans to have opened 200 stores for its low-cost casualwear brand g.u. in Japan by 2013. The company - which owns Uniqlo - plans to open 25 shops, to bring its total number of stores to about 120, by the end of May. It ...
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Abercrombie & Fitch set to open Barcelona Hollister
US clothing retailer Abercrombie & Fitch is to launch its first store in Spain under the Hollister banner in Barcelona in July.The store will cover 5,380 sq ft and will be located in the La Maquinista shopping centre. Abercrombie & Fitch is expected to open four Hollister stores in the ...
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Metro posts a 5.2% increase in net income
Grocer Metro Inc posted a 5.2% increase in net income to C$80.3m (£47m) for the second quarter to March 13.Sales climbed 1.1% to C$2.6bn (£1.52bn) while same-store sales declined 0.7% due to deflation in certain product categories.The Canadian retailer launched its Metro & Me loyalty card in the Québec City ...
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Neiman Marcus testing new discount format
Department store operator Neiman Marcus is testing a new discount concept, according to US consumer fashion website Women’s Wear Daily.The 11,000 sq ft store, which opened this month in Dallas, offers designer brands such as Michael Kors, Badgley Mischka and Diane von Furstenberg, with prices ranging between $45 and $300 ...
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Casino Q1 sales up
Casino has posted a 5.6% first-quarter sales increase, including calendar effects and higher petrol price, to reach €6.61bn (£5.8bn), with a 16.4% jump in international markets and a 0.4% gain in the struggling French market.International operations, which accounted for 36% of sales, showed a sharp acceleration in organic growth during ...
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Saks to close 53 stores
Premium department store chain Saks plans to close up to 20 of its 53 full-line Saks Fifth Avenue stores over time.The exact number of store closures and their timing has not yet been announced, although the company closed its Portland, Oregon store last month. Instead, Saks is pursuing growth through ...
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Carrefour to enter Iraqi market
Carrefour has unveiled more details about its entry into the Iraq market.The retailer’s franchise partner in the Middle East, Majid Al-Futtaim, is looking to open its first Iraq store in September at the Family Fun Mall, a premium shopping and entertainment complex soon to open in Erbil in the Kurdistan ...
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Auchan revenue up 0.5% in 2009
Hypermarket operator Auchan revealed that consolidated group revenue excluding taxes grew 0.5% to €39.7bn (£35.4bn) in 2009.Group revenue decreased 2.8% in Western Europe due to the economic slowdown. This zone continues to account for more than 76% of the group’s revenue.Revenue grew 12.9% in Central and Eastern Europe and Asia, ...
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Borders sets aside space for e-reader category
Borders is setting up “Area-e” sections inside all its stores that will be dedicated to the growing e-book and e-reader category.The book retailer will offer a wide variety of e-readers for sale as well as a comprehensive array of accessories and extended warranty programmes. Borders expects to complete the roll-out ...
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Blue Square seeks majority stake in Dor Alon
Supermarket operator Blue Square is planning to acquire a majority stake in Dor Alon, which operates 168 convenience stores and 183 petrol stations.Blue Square executive chairman David Wiessman said: “The acquisition would combine the retail operations of the company and Dor Alon into one group creating the largest retail group ...