All Europe articles – Page 43
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News
Rewe increases sales
Grocery group Rewe increased group-wide retail sales by 10.5 per cent to €49.8bn (£42.9bn) in 2008, it revealed this week, with EBITDA up 8.5 per cent to €1.34bn (£1.15bn).It recorded growth both in its German home market and abroad, but contributions from overseas operations were particularly strong. Sales increases were ...
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NewsScandinavia next in M and M Euro drive
Discount e-tailer M and M Direct intends to open up its new euro currency website to countries in Scandinavia as it takes advantage of the weak pound.
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Dm Drogerie Markt to double its Czech Republic stores
German pharmaceuticals chain Dm Drogerie Markt wants to double the 155 stores it has in the Czech Republic. The retailer’s founder and co-owner Götz Werner said he plans to open 20 stores this year. The Czech Republic arm is owned by Dm Austria, which oversees expansion outside Germany.The move follows ...
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NewsSpar pushes new format for the UK as sales surge
Symbol group Spar opened its flagship Eurospar store in Broomhill, Sheffield, today as the company revealed gross sales in the year to April 30 jumped 11.6 per cent.
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Fnac to launch second-hand selling section on website
Electricals giant Fnac is to sell second-hand products from a new section of its website. According to reports, the retailer expects the new channel to account for 15 per cent of all online sales within the next 18 months.Fnac, which is owned by PPR, will offer up to 2 million ...
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News
Luxury retailers struggle as sector’s immunity fails
The usually polished and aloof world of luxury retail has become an unusually tense and anxious place as some of its biggest names battle for survival.
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NewsGuess to fill Regent Street store as Next makes exit
Next is pulling out of Regent Street and will be replaced by US denim brand Guess, which is to open a European flagship store on the site.
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NewsNew UK managing director for Inditex as Stefano Sutter moves to Europe
Zara owner Inditex has appointed a new UK and Ireland managing director to replace Stefano Sutter, who has been moved from his role to run other European markets for the Spanish fashion giant.
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Praktiker chief exec expects German economy to pick up soon
Wolfgang Werner, chief executive of DIY chain Praktiker, has called the bottom of the market in Germany and said he expects the economy there to be picking up soon. Werner said sales had “distinctly stabilised” over April and May, meaning it has “largely” compensated for the sales decline in the ...
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NewsTopps Tiles moots options to bolster sales
Topps Tiles is considering potential new revenue streams, including business to business, and mulling whether to pull out of Holland.
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News
Promotions lift Laura Ashley sales
Sales at Laura Ashley jumped 8.4 per cent in the 17 weeks to May 30, due mainly to targeted promotions and store openings. Like-for-like sales rose 6.9 per cent.
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Future of Arcandor remains unclear
The future of Karstadt owner Arcandor remains unclear after rival group Metro proposed that it acquire and merge Karstadt’s stores with its own Kaufhof fascia.But Arcandor chief executive Karl-Gerhard Eick remains confident of a state-backed solution after lobbying for a €650m (£564m) loan. Arcandor argues that Metro’s idea could cost ...
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NewsTK Maxx and HomeSense in 500-store Euro assault
Discount fashion and homewares retailers TK Maxx and HomeSense are to embark on huge expansion drives in the UK and Europe.
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NewsHollister to press ahead with Continental push
Abercrombie & Fitch sister brand Hollister is to defy the economic slowdown as it forges ahead with a Continental European roll-out.
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News
Nike signs for Budapest
Nike has agreed a pre-let at Miller Developments and Raiffeisen Ingatalan’s Budapest Factory Outlet Center. Nike will be taking 7,530 sq ft (700 sq m) on a 10-year lease at £100,000 a year. The mall, situated west of Budapest, is on schedule for completion in October and has already secured ...
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News
Lidl opens in Slovakia
German discounter Lidl has opened its first shop in Slovakia. The store is in the Bratislava borough of Petrzalka. Lidl, which operates 5,000 stores across Europe, has not revealed how many stores it plans in the country.
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News
Norway fights back at Lidl
Norwegian grocers are to join forces to take on German discount chain Lidl , which is due to open 65 stores in the country from this summer. They hope to lower costs and improve competitiveness with joint IT and transport venture TakeCargo.
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News
Comer takes Ardennes as it moves into outlets
Europe’s factory outlet centre sector has a new player, with ambitions to grab a major slice of the lucrative Continental market.