All International articles – Page 191
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NewsJohn Lewis expands online with international delivery
Retailer confident it can conquer US, Europe and Australia with ‘world class’ home product offer.
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Princesse Tam Tam opens new store concept in Paris
Fast Retailing-owned lingerie chain Princesse Tam Tam has opened a new store concept in Paris. The 645 sq ft store opened in the Rive Gauche district on the Rue de Sèvres.The store is equipped with light-coloured parquet floors and simple white walls, while video screens are dotted throughout the store. ...
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Celesio underlines commitment to DocMorris store network
Pharmaceuticals distributor Celesio has underlined its commitment to developing the DocMorris store network, as well as front-end sales, in order to reduce its dependency on prescription drugs and the associated price regulations.Chief executive Fritz Oesterle said: “We target a balanced portfolio by 2015, when about half of our income will ...
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AnalysisDia expected to perform better without Carrefour
Dia, the world’s third largest discount retailer has a problem. Under Carrefour’s leadership, the chain had been underperforming for years - 2010 sales increased by a mere 1.6% (down 0.5% excluding petrol and at constant exchange rates).
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Family Dollar Stores' directors vote against sale
Family Dollar Stores has announced its board of directors has voted unanimously against a sale to the Trian Group, instead voting for the continuing implementation of the company’s strategic plan.The board felt both decisions were in the best interest of the shareholders. It also decided to adopt a shareholder rights ...
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Dairy Farm sales rocket 13.2% to £5.6bn
Dairy Farm experienced a solid 2010 fiscal year as “favourable trading conditions persisted in its Asian markets”.For the year ended December 31, 2010 total sales, including those from associates, rocketed 13.2% to $9.1bn (£5.6bn). Net profit jumped 12.9% to $411m (£253m).Dairy Farm continued to expand organically and through acquisitions in ...
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Toys R Us Q4 net income plummets more than 10%
Toys R Us has reported that, despite stronger sales, net income during the fourth quarter dropped more than 10%, which the retailer attributed to a rise in income taxes.Net sales increased 2% to $6bn (£3.7bn), helped by new store locations including Toys R Us Express stores and comparable net sales ...
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KF Gruppen sales drop 1.5% to £3.5bn
Supermarket group KF Gruppen reported consolidated net sales of SEK36.66bn (£3.5bn) for the financial year ended December 31 2010, a 1.5% decrease on fiscal 2009.Operating profit fell from SEK816m (£79m) to SEK628m (£60.8m). Net profit amounted to SEK112m (£10.8m), compared with SEK224m (£21.6m) in 2009.
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NewsTesco expands Fresh & Easy with 12 new stores
Tesco has backed its loss-making US chain Fresh & Easy by opening 12 stores across California.
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NewsKiddicare’s overseas plans start in Nordics
Online baby products retailer Kiddicare has chosen Scandinavia as its first international market and said it expects to surpass its plans to reach £100m turnover in two years.
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Inditex to open online stores in Scandinavia
Spanish fashion retailer Inditex has announced it will open online stores for its flagship Zara brand in Scandinavia, as it moves further into the home market of Swedish rival H&M. The retailer also said it will open online stores in Switzerland and Monaco. The five new stores are due to ...
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AnalysisWalmart International makes up for domestic dip
Walmart has reported that net sales for the fiscal year ended January 31, 2011 increased 3.4% to $419bn (£259.9bn), while international sales grew 12.1% to $109bn (£67.6bn).
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NewsTesco joint venture builds momentum in China
Tesco has signed a new joint venture to create three more Lifespace malls in China, an initiative welcomed by the City as evidence of building momentum in the country.
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NewsAsos Marketplace to open portal to overseas sellers
Asos is to open out its Marketplace to international sellers by the end of the year.
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Best Buy to close all Best Buy-bannered stores in China and Turkey
Electricals giant Best Buy is to close all Best Buy-bannered stores in China and Turkey, as well as its headquarters in Shanghai. The move is aimed at saving some $70m (£43.4m) by fiscal 2013. The retailer said its future plans in China would focus on its Five Star operations - ...
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NewsKaren Millen targets £500m sales as it splits off from Aurora
Karen Millen is aiming to double sales to £500m in the next five years after parent company Aurora Fashions revealed this week it will be spun off from the rest of the group.
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Gap Q4 net income up 4% last year
US Fashion retailer Gap has said that fourth-quarter net income rose nearly 4% in 2010 as a result of rising sales abroad, online and at its higher price Banana Republic and lower price Old Navy chains. The retailer reported quarterly net income of $365m (£226.4m). Like-for-like sales did not change. ...
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RadioShack net sales up 4.6% to $4.47bn
Consumer electronics retailer RadioShack has reported total net sales and operating revenues for the year ended December 31, 2010 up 4.6% to $4.47bn (£2.77bn), while net income increased 1.1% to $206m (£127.8m). The sales increase was driven by a 4.4% like-for-like sales increase in company-operated stores and kiosks, helped by ...
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Safeway rakes up £366m net income after loss last year
Grocery chain Safeway reported net income for the fiscal year ended January 1, 2011 amounted to $590m (£366m), compared with a net loss of $1.1bn (£682.4m) reported last year. Sales for the full year edged up 0.5% to $41.05bn (£25.5bn). Excluding fuel, identical store sales declined 2% while like-for-like sales ...