All articles by Planet Retail – Page 82
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News
Lawson and pharmacy chain Matsumotokiyoshi agree to broad joint venture
Convenience retailer Lawson and pharmacy chain Matsumotokiyoshi have agreed to a broad joint venture that will include new stores selling over the counter medicines, in a move aiming to strengthen their competitive edge.The first store is set to open as early as next spring. The stores will combine each company’s ...
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News
Barnes & Noble posts 5% decrease in second-quarter sales
Book retailer Barnes & Noble posted a 5% decrease in second-quarter sales to $1.2bn (£700m). Store sales decreased 5% to $1bn (£600m), with like-for-like sales down 6.9% for the quarter.Sales generated by the retailer’s website climbed to $102m (£62m) for the quarter, a 2% increase compared with the year before.The ...
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News
Tengelman posts sales up 3%
Family-owned international retail group Tengelmann posted European sales of €12.36bn (£9.86bn) in its 2008 financial year.Kaiser’s Tengelmann - the supermarket division under strategic review - reported a 3% sales increase on a comparable basis, partly thanks to the ongoing store renovation scheme that will revamp 200 out of about 700 ...