All International articles – Page 195
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News
Cumberland Farms opens its first drive-thru store
Cumberland Farms has opened its first drive-thru store, at an existing convenience store in Kingston, Boston.The convenience store retailer said a “wide variety” of the 3,000 items sold at the store were available at the drive-thru window, including groceries and staple goods.The store has been opened on a pilot basis ...
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Netflix Q4 revenue rises 34% to £386m
Netflix has reported a 52% rise in net income to $47.1m (£31m) in the fourth quarter ended December 31, with revenues rocketing 34% to $596m (£386m).During the period the company had a gain of 3 million subscribers, up to a total of 20 million end users. This represents a 63% ...
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Landmark Group opens its first Spar hypermarket in northern India
Dubai-based Landmark Group has opened its first Spar hypermarket in northern India, with the inauguration of a 74,000 sq ft store in Delhi.The opening of the new store at Pacific Mall in west Delhi brings the total number of Spar hypermarkets in India to four.By the end of fiscal 2012 ...
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News
Disney to open first store in China by mid-2012
Disney Stores is planning to open its first store in China by mid-2012.The company said its strategy would be to secure locations in upscale shopping centres and department stores, where it will open Disney Stores similar to those in Europe and North America.Disney Stores did not say how many stores ...
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NewsH&M relaunches websites to make them easier to use
Fashion giant H&M is to relaunch its global websites in a bid to make them more consumer friendly.
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AnalysisKorea’s Lotte is poised to be Asian powerhouse
Those with even a passing interest in the Asian grocery sector cannot have failed to notice the rise in recent years of South Korea’s Lotte Shopping.
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NewsHarrods rolls out UnionPay to pull in Chinese shoppers
Harrods, the iconic department store, is from today accepting domestic Chinese debit and credit card UnionPay in a signal of the growing importance of Chinese shoppers’ spending power to the luxury retail sector.
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NewsSelfridges Group finalises de Bijenkorf deal
Selfridges Group, the group which owns iconic department store chain Selfridges, Irish department store Brown Thomas and Canadian department store business Holt Renfrew, has completed its acquisition of Dutch luxury department store chain de Bijenkorf.
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NewsMarks & Spencer to open Champs-Elysees store this summer
Marks & Spencer is to open a store in Paris on the Champs-Elysees as early as this summer, it is understood.
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AnalysisOnline streaming
With Amazon taking control of Lovefilm and Netflix flying high across the pond, all the signs suggest online streaming is set to become the norm
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NewsDune creates IT platform to back expansion plans
Dune aims to have 250 overseas stores within the next three to four years, up from the 150 shops it had previously planned. 50 will be wholly owned stores and the other 200 will be franchises.
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GallerySportScheck, Berlin: A store of two halves
Otto-owned retailer SportScheck’s new Berlin store successfully combines technology with tradition. John Ryan pays a visit
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Ahold net sales up 4.4% to £25.2bn
During 2010, retail group Ahold’s consolidated net sales reached €29.5bn (£25.2bn), up 4.4% after adjustments or 5.7% on a non-adjusted basis. During the fourth quarter, consolidated net sales, which do not include the joint ventures ICA Group in Scandinavia and JMR, were €6.9bn (£5.9bn). This is an increase of 5.5% ...
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AnalysisWalmart pledges healthier food with no added extras
Walmart is to embark upon a five-year plan to make its food offering healthier.
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News
Delhaize Group revenue increases 4.6% to £17.7bn
Delhaize Group has reported revenues of E20.8bn (£17.7bn) for 2010. This represents an increase of 1% at identical exchange rates or 4.6% at actual exchange rates, due to the strengthening of the US dollar by 5.2% against the euro compared with 2009. Organic revenue growth was 0.9%.Delhaize Group added 68 ...
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News
Blockbuster gets deadline extension for bankruptcy reorganisation plan
Blockbuster has received an additional three weeks from its lenders to file a bankruptcy reorganisation plan. The company received an extension to February 4 from January 14 to file a plan, a regulatory filing shows. It is common for debtors to seek such extensions and US bankruptcy courts routinely grant ...
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News
Jerónimo Martins to open neigbourhood store chain
Portuguese retailer Jerónimo Martins is planning to open a new chain of small franchised neigbourhood stores over the coming months. The retailer will open two wholly owned stores under the new banner and will then work towards its expansion under a franchising scheme. The new business model will be developed ...