All International articles – Page 197
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Opinion
NRF: Mobile's moment
If social media was the hot topic at last year’s meeting of retail minds in New York, then this year the buzz was all about mobile.
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NewsJ Crew extends deadline for possible bids
US casualwear retailer J Crew has extended the period in which it can accept rival bids for the business until February 15 as it settles a shareholder lawsuit over its proposed takeover.
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NewsMassmart shareholders approve Walmart deal
South African retailer Massmart’s shareholders have approved a $2.39bn tie-up with Walmart.
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GalleryMade in Manhattan
Over the last 12 months, Times Square in the heart of Manhattan has consolidated its position as the destination in New York for casual American fashion, but there are new stores right across the Big Apple
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NewsSir Philip Green to take Topshop to Brazil
Arcadia tycoon Sir Philip Green is to take Topshop to Brazil as part of an ambitious overseas expansion programme.
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AnalysisTax campaign backfires on Australian retailers
It’s taken a lot to push Australia’s Ashes humiliation and the floods in Queensland off the front pages Down Under. Yet Australia’s retailers have managed it, after a campaign aimed at creating a level playing field between physical and online retailers spectacularly backfired.
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GalleryAesop, Merci Paris
Sometimes it really is tempting to believe that the best visual merchandising and, perforce, the best shops, tend to be the outcome of large cheques being signed.
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News
Matahari cancels Hypermarket sale and will expand the chain
Matahari has cancelled the sale of its hypermarket business, Hypermart, and will instead retain and expand the chain.The decision follows the final recommendations of a strategic review conducted by investment bank Merrill Lynch. It was also recommended that Matahari join with a global partner to expand the hypermarket division, and ...
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News
Future Group is to increase its focus on private brands to drive sales and margins
Future Group is to increase its focus on private brands to drive sales and margins across its formats.Business head of private brands Devendra Chawla said: “We would like to focus on private brands such as Fresh & Pure, Tasty Treat and Clean Mate rather than in-store labels that can only ...
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News
Silgro sales reach £1.9bn
Sales in 2010 at supermarket and food service business Sligro reached €2.3bn (£1.9bn), an increase of 1.2% on 2009.Total turnover comprised €1.55bn (£1.3bn) from the food service division and €738m (£613m) from food retail. €25m (£20.7m) of sales resulted from the acquisition of Sanders Supermarkten in the fourth quarter.
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News
US retailers issue mixed trading updates
Retailers have been issuing Christmas trading updates. Department store group Kohl’s reported total sales for the five weeks ended January 1 up 5.9% to $3.19bn (£2.05bn) over the comparable period the previous year. On a like-for-like sales basis, December sales increased 3.9%.Clothing retailer Limited Brands reported like-for-like sales up 5% ...
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News
Walmart in Brazil cuts prices of 2000 items by up to 20%
Walmart has adopted an EDLP pricing model at its Brazilian operations with immediate effect. Dubbed Preço Baixo Todo Dia, the introduction of the scheme resulted in the prices of 2,000 items being cut by up to 20%.Walmart has also ended its Bomclube loyalty programme in Brazil as part of the ...
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News
Galeries Lafayette Christmas sales rise 10%
Galeries Lafayette posted a sales rise of 10% on the year over the 2010 Christmas period. The Paris flagship store in Boulevard Haussmann recorded an increase of 17%, while sales at other stores rocketed 8%.
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News
Atlantic revenue plummets 47% to £182.6m
Supermarket group Atlantic has reported poor financial results for the first nine months of 2010. Revenues plummeted by 47% year on year to €220m (£182.6m).Sales from the retail stores amounted to €145.7m (£121m), while the wholesale operations generated revenue of €74.3m (£61.7m).
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News
Emke Group steps up investment in Bahrain to increase stores
Bahrain UAE-based Emke Group is to increase its investment in Bahrain to BHD200m (£341.2m) to expand its retail operations.The group, which recently opened its third Lulu hypermarket in Bahrain at Ramli Mall in A’ali, expects to add another 600,000 sq ft hypermarket in Hidd this year that will be the ...
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News
Harvey Norman to expand in Malaysia
Australia-based electronics retailer Harvey Norman is to expand in Malaysia and plans to open 20 stores in the Klang Valley in the next five years.The expansion will cost in the region of MYR100m (£20.9m) as it invests between MYR5m (£1m) and MYR10m (£2.1m) per store in the coming years.
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News
Seven & I revenue increases 0.2% to £29.6bn
Get the knowledgeSubscribers have exclusive access to Retail Week Knowledge Bank. Find out what you’re missing now.Seven & I reported a 0.2% increase in revenues to ¥3,826bn (£29.6bn) for the nine months ending November 30, 2010.The convenience store division showed the best growth, with sales rising by 4.2% and operating ...
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NewsTesco explores opening in Vietnam
Tesco is understood to be looking to open in Vietnam, in a move that would extend its empire to 15 countries.
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NewsTesco China boss Ken Towle to move back to UK to head online
Tesco China chief executive Ken Towle is to return to the UK to take over the online operation under the newly-created role of director of internet retailing.
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NewsSir Philip Green to 'double' Topshop sales
Arcadia boss Sir Philip Green is aiming to double sales at Topshop within the next five years, through an ambitious programme of international expansion at the young fashion chain.