All International articles – Page 211
-
NewsMarks & Spencer’s former Indian boss joins competitor
The former chief executive of Marks & Spencer’s Indian business, Mark Ashman, has jumped ship to run local rival Hypercity, which sells Waitrose products in the country.
-
AnalysisNo retailer is an island
Island retailers face particular challenges, but these have helped them to head off the mainland multiples
-
AnalysisRenewed interest in Middle East’s thriving retail scene
There seems to be a renewed interest from many of Planet Retail’s clients in the potential being offered by the Middle Eastern market, and to a lesser extent, the longer-term opportunities presented by Africa.
-
GalleryDer Bäcker Ruetz, Kematen in Tirol, Austria
If you venture into the Austrian Tirol you can get a sense of the traditional baker that has more or less vanished at everywhere but the top end in the UK.
-
News
Hutchison Whampoa reports sales for its retail division grew 8% to £4.63bn
AS Watson’s parent, Hutchison Whampoa, has reported sales for its retail division grew 8% to HK$57.5bn (£4.63bn). EBIT increased 52% (54% in local currencies) to HK$2.8bn (£226m). The group reported weak consumer sentiment in some of its operating markets, but attributed the profit improvement to top line growth through organic ...
-
News
Conglomerate Mercator to acquire the retail business of Coka
Slovenian-based retail conglomerate Mercator has signed an agreement to acquire the retail business of Serbian company Coka. Mercator says the move will boost its position as the second-largest retailer in Serbia. Under the strategic partnership agreement between Mercator S and Coka Holding, the subsidiary of the Slovenian grocer will obtain ...
-
News
OfficeMax Q2 sales decline
Stationery specialist OfficeMax reported a 0.3% decline in sales to $1.7bn (£1.1bn) for its second quarter ending June 26. Its retail segment experienced a 0.5% fall in sales to $773m (£484m). Like-for-like sales were down by 0.3%.OfficeMax chairman and chief executive Sam Duncan said: “Based on our performance in the ...
-
News
CVS to roll out Redbox DVD rental kiosks
Drugstore operator CVS will roll out Coinstar’s automated Redbox DVD rental kiosks at locations across its mainland US, Puerto Rico and Longs Drug outlets in Hawaii. The roll-out, which follows a successful pilot programme, will start this quarter with about 700 installations by the end of this year and is ...
-
News
Barnes & Noble considers sale
Barnes & Noble’s board of directors is to consider selling the company as part of an evaluation of strategies to increase stockholder value. The board believes the retailer’s shares are significantly undervalued.Evaluating strategic alternatives will be overseen by a committee of four independent directors who will make recommendations to the ...
-
News
Burlington Coat Factory announces sales rose 4% to £456m in Q2
Burlington Coat Factory has announced that net sales for its second quarter ending July 31 rose 4% to $728.8m (£456m). Like-for-like sales increased 0.3% for the quarter. Chief executive Tom Kingsbury said: “We are pleased to report our second consecutive quarter with a positive like-for-like sales performance, which contributed to ...
-
News
Whole Foods Market reports net income rocketed 53.5% in Q3
Whole Foods Market reported net income rocketed 53.5% to $65.7m (£41.1m) for its third quarter. Total sales increased 15% to $2.2bn (£1.4bn), while like-for-likes were up 8.8%. Whole Foods also boosted sales through a focus on opening smaller stores. Co-chief executive Walter Robb said: “We know that the economy is ...
-
News
Grupo Pão de Açúca to roll out Extra Supermercado fascia
Grupo Pão de Açúcar is to convert 170 CompreBem and Sendas supermarkets to a new fascia Extra Supermercados, by the end of 2011. 16 stores have already been converted, comprising 10 CompreBem in São Paulo and six Sendas in Rio de Janeiro.The retailer plans to convert 61 stores by the ...
-
News
SM Investments' records retail division profits up 25% to £39m
Supermarket and department store operator SM Investments reported its retail division’s profits were up 25% to PHP2.8bn (£39m) in the first half. The growth was attributed to increased operational efficiency and economies of scale resulting from expansion. Total sales were up 12% to PHP63.4bn (£883m). President Harley Sy said: “We ...
-
News
Arnotts chairman leads board reshuffle
Mark Schwartz, who was appointed chairman Arnotts yesterday, has led a reshuffle of the board ofthe Irish department store and is reviewing its senior management team.
-
NewsUSC sells overseas through website
Young fashion chain USC is selling online to 10 European countries in a bid to tap into growing traffic from overseas.
-
NewsTopshop to expand in Japan with new flagship store
Fashion powerhouse Arcadia is to expand its Topshop chain in Japan with the opening of a flagship store in Tokyo next month.
-
-
News
Colruyt Q1 revenues up 8.5%
Discount grocer Colruyt has posted an 8.5% rise in first-quarter revenue to €1.8bn (£1.5bn).The growth was attributed to an increase in customers and the positive influence of summer weather, supporting the sale of fresh and barbeque-related produce. The group’s retail trade division reported turnover up 7.1% to €1.4bn (£1.2bn).At the ...
-
AnalysisDollar General streaks ahead with 9,000th store
US-based discounter Dollar General announced the opening of its 9,000th store at the end of July, pushing it further ahead of rivals as the owner of the largest number of stores in North America. Dollar General overtook 7-Eleven’s store tally in 2003 and has not looked back since.