All International articles – Page 213
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NewsTesco to open standalone F&F shop in Prague
Tesco has confirmed it will open a standalone store for its F&F clothing brand in Prague in October.
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AnalysisHow UK retail is extending its franchise
Franchising helps overseas ventures, but how do you decide whether to run company-owned stores or take the franchise route?
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NewsSuperGroup to expand in UK and abroad after good results
SuperGroup, the fashion retailer that owns the Superdry and Cult chains, is on the expansion trail following a strong set of annual results since becoming a quoted company.
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NewsDune to expand overseas with up to 150 stores
Footwear retailer Dune Group aims to generate 20% of its total sales from its overseas business over the next five years as it grows its international stores from 20 to between 120 to 150.
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News
Aldi Süd pulling out of Greece
German hard discount retailer Aldi Süd is pulling out of Greece, the company has confirmed.“Aldi Süd intends to discontinue its operation of 38 stores in Greece [while it is] in talks with interested parties for the acquisition and continuation of activities,” Aldi said, without providing further details.The market exit - ...
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Massmart to acquire Pupkewitz Megabuild
South Africa-based Massmart has announced the acquisition of Namibian DIY retailer Pupkewitz Megabuild for an undisclosed price. The deal, which is part of Massmart’s ambition to expand further into Africa, has been approved by Namibia’s competition authorities. Pupkewitz Megabuild operates 16 stores, employing 600 staff.
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Almali hopes to resume operations
Baku-based supermarket chain Almali hopes to resume operations following the news that its owner, ADA Group of Companies, is in negotiations with investor CRG Capital to raise funds.Local reports suggest that CRG Capital plans to invest $5m to $7m (£3.27m to £4.6m) in the retail business, which suspended operations in ...
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Inditex plans to move into Australia
Inditex has announced plans to move into Australia next year as the retailer pushes ahead with its aggressive international expansion.The decision to enter the new market was announced at the company’s annual general meeting at its headquarters in Arteixo, in Galicia.Of the 343 new stores that Inditex opened last year, ...
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NewsLK Bennett to launch in the US
Women’s footwear and fashion retailer LK Bennett is to enter the US market, with plans to open up to 100 stores, it is understood.
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US Senate passes bill to regulate swipe fees
US retailers have hailed as a victory a bill passed in the Senate regulating bank fees imposed on payment card transactions.
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AnalysisThailand exit likely as Carrefour rationalises
Carrefour has spread itself too thin and now, faced with ongoing pressure from shareholders to improve profitability, is on a path to divest non-core markets.
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Family Dollar Stores Q3 income up 19%
Family Dollar Stores has reported that net income increased 19% to $104.4m (£69.3m) in the third quarter. Sales for the third quarter of fiscal 2010 were about $1.99bn (£1.32bn), an increase of 8.4%. Like-for-like sales increased 7%. The increase in like-for-like sales was a result of increased customer traffic, as ...
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Fnac in talks over Éveil & Jeux
Entertainment and electronics retailer Fnac, owned by PPR, has announced that it has entered into exclusive negotiations with ID Group for the sale of its 41-strong toy store chain Éveil & Jeux.ID Group is a specialist in the children’s market with brands such as Okaïdi, Obaïb and Jacadi and is ...
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Mercadona to invest in new supermarkets
Supermarket chain Mercadona will invest €51m (£42.8m) in the opening of between 17 and 20 new supermarkets in the Balearic Islands over the next five years, according to external relations director Juan Antonio German.Mercadona will open 10 stores in Mallorca, three in Menorca and another four in Ibiza. The company ...
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Metcash chairman to retire
Metcash has announced that chairman Carlos dos Santos will retire following the company’s AGM in September. Dos Santos said it had been a “privilege’” to be with the grocery and liquor wholesaler through its success over the past 12 years.Metcash recently acquired Pick n Pay’s chain of Franklin stores in ...
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Clive Peeters takeover officially completed
Electricals retailer Harvey Norman’s takeover of Clive Peeters was officially completed on July 8. It purchased 32 of the 38 Clive Peeters and Rick Hart stores and confirmed that staff from the New South Wales stores earmarked for closure would be interviewed for potential employment elsewhere in its network. It ...
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Fast Retailing sales up 23%
Fast Retailing, owner of Uniqlo, reported a sales rise of 23% to ¥659.1bn (£4.94bn) for the first nine months of fiscal 2009/10. The fashion retailer reported a profit rise of 35% to ¥67.2bn (£503.4m) for the period, which ended May 31. Fast Retailing is forecasting sales of ¥815bn (£6.08bn) for ...