All International articles – Page 198
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AnalysisCarrefour enters India solo with cash and carry store
Following in the footsteps of its global rivals, Carrefour has finally entered the Indian market with its first cash and carry store
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AnalysisRetail resolutions for 2011
All the signs are that 2011 will be a tough year for retail, so how can businesses prepare? Charlotte Hardie and Rebecca Thomson report
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NewsJohn Lewis Partnership to invest £500m this year
John Lewis Partnership is to invest a record £500m in 2011 and indicated that the John Lewis chain will be ready to expand overseas by the year’s end.
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Jumbo ramps up rebannering Super de Boer stores to Jumbo
Dutch supermarket group Jumbo plans to accelerate the conversion of former Super de Boer stores to Jumbo, rebannering 90 stores during 2011. In 2010, the retailer’s group turnover reached E3.51bn (£3.03bn), mainly thanks to acquisition of large parts of Super de Boer from French Casino.
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Netflix on the look-out for new international markets after success in Canada
Online streaming site Netflix said it was pleased with the results of its recent market entry into Canada and was looking at new international markets for 2011. Spokesman Steve Swasey declined to reveal how many subscribers had signed up in Canada, but said: “After a short period in Canada we’re ...
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Target pinpoints 10 locations for small-format stores
Get the knowledgeSubscribers have exclusive access to Retail Week Knowledge Bank. Find out what you’re missing now.Discount variety retailer Target has pinpointed 10 locations where it will open its smaller-format store concept. The list is composed of urban areas with densely populated central business districts and includes San Francisco, Seattle, ...
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Sears to launch movie download service
Department store group Sears has unveiled plans to launch a movie download service at its eponymous and Kmart stores. The service, called Alphaline Entertainment, would be available to users on a variety of devices, including mobile, and will offer customers the ability to download movies and TV shows the same ...
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Emart aims for £557m in turnover and to expand stores by 40% annually
Electronics retailer Emart is targeting turnover of 4,000 crore (£557m) in the next three to four years and will expand its store count by about 40% annually. Sunil Mehta, chief executive of Emart’s electronics business Next Retail, said that the chain expected to reach 1,000 stores by the end of ...
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Christmas sales increases for retailers in India
Retailers have reported strong increases in sales over the Christmas weekend, as rising confidence levels in a fast-recovering economy encouraged shoppers to spend more. Future Group’s department store Pantaloons reported a 30% increase in sales over last year and a 20% rise in footfall. Top selling items included partywear, formalwear, ...
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J Front Retailing revenue falls 3.1% to £5.4bn
Revenues at department store group J Front Retailing fell by 3.1% to ¥687.8bn (£5.4bn) in the nine months ending November 30, 2010. Operating profit increased by 3.5% to ¥9.3bn (£73.2m) while net profit doubled to ¥4.8bn (£37.8m).
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DCM Holdings revenue falls 2% to £2.5bn
Home improvement retailer DCM Holdings reported a 2% fall in revenues to ¥320.8bn (£2.5bn) in the nine months ending November 30, 2010. Operating profit was up by 3.8% to ¥11.8bn (£93m), while net profit was up by almost a quarter to ¥6.5bn (£51m).
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Rossmann to open 110 stores in Germany in 2011
Drugstore business Rossmann plans to open 110 stores in Germany in 2011. The retailer has earmarked E92m (£79.2m) for investment in the country, out of a total E150m (£129.2m) which will be invested across the business during 2011.Rossmann generated group revenue of E63bn (£54.bn) in 2010, a 12.9% rise over ...
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NewsTesco buys 128 stores in Czech Republic for £34.3m
Tesco has acquired 128 convenience stores in the Czech Republic for 1.02bn koruna (£34.3m), bolstering its operations in central Europe.
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NewsLeaked cable reveals 'repugnant anti-semitic campaign' against M&S Tripoli store
The Libyan authorities staged a “repugnant anti-semitic” campaign in an attempt to force the closure of a Marks & Spencer store in Tripoli according to US diplomatic cables leaked through WikiLeaks.
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AnalysisReinventing the Planet
The world’s second biggest retailer, Carrefour, is trying to reinvent the hypermarket. John Ryan visits Lyon in France to find out how
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Walmart is to close office in Moscow
Walmart is to close its office in Moscow. International chief executive Doug McMillon said: “The Russian market is a compelling retail opportunity and we believe that Russian consumers could benefit from Walmart’s value proposition.“Since we have decided to enter the market through acquisition, not greenfield development, and since there is ...
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NewsM&S to open first store in Egypt and third in China
Marks & Spencer took a step forward with international expansion yesterday, when its first store in Egypt and third in China were scheduled to open.
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Ministop to open a convenience store chain in Vietnam
Japanese convenience store operator Ministop is to open a convenience store chain in Vietnam, hoping to tap into potential demand in the market.The company, which is a subsidiary of Japanese retail giant Aeon, said that it signed a basic accord with a unit of Trung Nguyen Holdings of Vietnam to ...