All International articles – Page 207
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News
Blockbuster files for bankruptcy
Blockbuster in the US has filed for Chapter 11 bankruptcy protection after mounting losses, rising debt and stiff competition from retailers that have better catered to consumers’ evolving media habits.Blockbuster said business would continue as usual at its 3,000 US stores, but added it would evaluate the profitability of its ...
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Target to try smaller format store and expand outside general merchandise market
General merchandise retailer Target plans to open a new, smaller-format store in Seattle in 2012 and has plans to expand in 10 further markets, including San Francisco and Baltimore, in the next few years.The new store will cover about 90,000 sq ft, while its other urban concept stores will range ...
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Carrefour to refurbish Italian and Spanish hypermarkets to Carrefour Planet next year
Carrefour will begin refurbishing its Italian and Spanish hypermarkets to its new Carrefour Planet concept during 2011. In Spain, 75 of its 164 hypermarkets will be converted. The remaining 89 stores will receive a lower specification upgrade. In Italy, 23 of Carrefour’s 53 hypermarkets will be converted to Carrefour Planet ...
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NewsWaitrose set for Duchy Originals US launch
Upmarket grocer Waitrose is to make its first foray into the US as it discusses selling its Duchy Originals range through retailers in the country.
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PTT withdraws bid for Carrefour's Thai assets
Local energy giant PTT has reportedly withdrawn a bid for Carrefour’s Thai assets. Thailand’s largest energy company by revenue apparently faced opposition to the bid from “important stakeholders”, prompting it to ask its subsidiary, PTT Retail Management, not to participate, the company said in a statement.
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Matahari to accelerate hypermarket expansion
Retailer Matahari will aggressively grow its hypermart banner, parent company MPP announced. “We currently have 50 hypermart stores in Indonesia and will accelerate the expansion from seven stores per year to 10 to 15 stores,” said a spokesman.The existing hypermart formats will be upgraded and IT infrastructure strengthened in order ...
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Costco to invest £23m in its Australian business
US-based warehouse club operator Costco is investing Aus$40m (£23m) in its Australian business this year. The investment comes on top of last year’s Aus$100m (£58m) capital expenditure in the country, when it opened its first store in Melbourne. A second store is due to open in Auburn and another is ...
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NewsSainsbury’s eyes China expansion
Sainsbury’s has sent a team to China to explore the possibility of opening the group’s first overseas shops in almost a decade.
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NewsTed Baker to launch US transactional website
Quirky fashion retailer Ted Baker plans to ramp up its global presence with the launch of a US transactional website next month.
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AnalysisInternational grocers are catching on to app fever
After successful launches by the UK’s Ocado and Tesco, international grocers from Germany to Australia are now looking to capitalise on the trend towards mobile shopping.
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NewsKingfisher aims for overseas growth in emerging markets
DIY giant Kingfisher aims to grow by expanding internationally over the next five to 10 years.
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OpinionBrazil finally comes of age
The Goldman Sachs Conference in New York last week assembled a powerful line-up of more than 50 leading retailers.
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NewsNext strikes online partnership with US retailer Sears
Fashion group Next is to sell clothing online in the US in partnership with retail giant Sears.
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News
Lawson to increase capital spending to aid expansion
Japanese convenience store chain Lawson will increase its capital spending to $50m (£32m) in China during 2011, with the aim of opening about 130 convenience stores.Cities earmarked for additional stores include Shanghai, Chongqing, Shenyang, Dalian, Chengdu and Beijing. Lawson president Takeshi Niinami said: “It’s time to go to China. We ...
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News
Makro Cash & Carry appoints Antoine Peleyras as CEO
Metro Group-owned Makro Cash & Carry has appointed Antoine Peleyras as its new chief executive officer.Until 2005 he held the position of supply chain and merchandise director at Carrefour Marinopoulos in Greece and then the position of merchandise director in the Carrefour hypermarket division in France.More recently, he was managing ...
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Walmart to move into convenience stores in urban markets
Walmart is set move into convenience stores in urban markets such as Chicago and Los Angeles as the largest US retailer seeks to revitalise growth in its home market.Commercial real estate brokers say Walmart has begun scouting for sites for smaller-format stores in a range of urban markets, including Sacramento ...
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Casa Saba buys 25% of Farmacias Ahumada
Retailer Falabella has sold its 20% stake in Farmacias Ahumada for $100m (£64m) to Mexican Grupo Casa Saba. The latter announced last May it had reached an agreement to acquire Farmacias Ahumada for $637m (£408m), including about $162m (£104m) in debt.The combined company will become one of the leading drugstore ...
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NewsJaeger opens shops-in-shops in Italy with Coin
Upscale fashion retailer and brand Jaeger has expanded into Italy with the opening of four shop-in-shops in Coin department stores.
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News
Mall opening a first for Aldi in US
German hard discounter Aldi Süd has announced the opening of its first store located in an enclosed shopping mall in the US. The 20,000 sq ft store will open in May, 2011 at Westfield Chicago Ridge, Illinois.“We are pleased to partner with Westfield on this fresh new approach to shopping ...