All Europe articles – Page 34
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News
Komplett acquires stake in Blush
Online electronics retailer Komplett has acquired a stake in Blush, an online health and beauty retailer. Komplett chief executive Ole Vinje said: “This is a whole new product category for us. Blush offers consumer products for beauty and wellness that are easy to order and, not least, easy to have ...
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OpinionM&A climate poised for improvement
Private equity needs to go shopping in 2012, and global M&A activity will continue despite market volatility.
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AnalysisGap has its sights set on Europe for future growth
US clothing retailer Gap is confident it can weather the fallout from Europe’s sovereign debt crisis.
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News
Lidl to open first Lithuanian store
Schwarz Group’s discount chain Lidl will open its first Lithuanian store in Alytus in the south of the country. According to reports, Lidl intends to open stores in Lithuania’s five biggest cities and every town of more than 20,000 inhabitants. In 2002, Lidl decided to open stores in Lithuania and ...
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News
Kesko appoints Arja Talma
Grocery and general merchandise retailer Kesko has appointed Arja Talma as president of Rautakesko and corporate management board member responsible for Kesko’s building and home improvement trade. Talma has been Kesko’s chief financial officer since 2005 after joining the company in 2004.Minna Kurunsaari has been named corporate management board member ...
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News
Electronics retailer Komplett reports sales increase
Norwegian online electronics retailer Komplett has reported sales increased 3.7% to NOK1bn (£112.9m) for the third quarter ended September 30. Direct sales contributed the largest share with a rise of 3.5% to NOK706m (£79.72m). Although direct sales climbed 33.4% to NOK53m (£5.99m) in Denmark and 6.2% to NOK479m (£54m) in ...
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NewsEU legislation prevents UK retailers opening stores in Europe, says BRC
Unnecessary legislative barriers are preventing UK retailers opening stores in other EU countries, according to the British Retail Consortium.
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News
Ahold sells its ICA Maxi hypermarkets and superstores
The board of Ahold’s Norwegian ICA operations has decided to sell its ICA Maxi hypermarkets and superstores. The retailer plans to concentrate its Norwegian operations on discount store chain Rimi and the ICA Supermarket concept. This means ICA Norway will initiate a sales process for the company’s ICA Maxi stores. ...
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News
Stockmann reports net sales increase
Department store retailer Stockmann reported net sales rose 13% to E510.2m (£449m) for the second quarter. But net profit fell 43% to E14.7m (£13m).The retailer forecasts second-half 2011 operating profit will outperform the previous year, driving an overall rise in pre-tax earnings. Stockmann expects Russian operations to continue to grow ...
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NewsWade-Gery appoints number two to bolster online business
Former Dixons and John Lewis man David Walmsley joins M&S to spearhead multichannel sales drive
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NewsAsos drives global sales with further overseas site launches
Asos will launch its next tranche of international websites in September as it seeks to further drive overseas sales.
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GalleryTsvetnoy Central Market, Moscow
There aren’t many opportunities to build a department store from the ground up these days.
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OpinionAt the crossroads
The fourth Retail Week Interiors finds the retail design industry at something of a turning point.
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OpinionTesco shines in central Europe
As headlines here were dominated by retailer collapses such as Habitat and Homeform, Tesco was reminding the City of its international counterweight to the troubled UK market.
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GalleryBack to Asics
Running shoe brand Asics has opened a flagship store in Amsterdam that couples futuristic design with technology. John Ryan reports
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News
Discounter Lidl plans store expansion
Schwarz Group-owned discounter Lidl has plans to open stores not only in Lithuania’s five biggest cities, but also in every town with more than 20,000 inhabitants. Marius Kybartas, expansion director at Lidl’s Lithuanian subsidiary, said that Lidl is planning to build and open discount stores all over the country, adding ...
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News
Sales increase at Spar International
Spar International saw sales increase by 4.5% in 2010. The group’s worldwide retail sales grew by more than E1.3bn (£1.16bn) creating a turnover of E29.8bn (£2.65bn), a cumulative 10.4% increase over the last two years. The organisation says this rise was due to larger format stores and significant growth in ...
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News
Lidl negotiates to buy land for future stores
German-based Lidl is negotiating to buy land for future stores. Lidl says it is looking to begin operations in major cities.
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NewsDitch the Directive: Breakthrough as EU ditches controversial plans
The European Parliament has bowed down to pressure from retailers and abandoned plans for force retailers to offer free returns from anywhere in Europe and deliver to all EU countries.