All International articles – Page 214
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News
Apple opens Shanghai flagship
Consumer electronics giant Apple has unveiled its second flagship store in China. The store, which opened on July 10, is located near Shanghai’s famous Oriental Pearl Tower, in the city’s financial district.“We are thrilled to open the first of many new stores in China in this incredible location,” said Apple ...
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Makro plans 20 small-format stores
Cash and carry chain Makro, owned by Metro Group, plans to have 20 stores of the small-sized Makro Punct concept in the mid-term. Four stores are due to open within this year, according to Makro Poland managing director Uwe Hölzer.The stores are focused on fresh food and a higher private-label ...
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Ahold and Schwarz face Czech monopoly probe
Dutch retailer Ahold and Germany-based Schwarz Group are the subject of an investigation launched by the Czech anti-monopoly office UOHS into suspected abuse of market positions. UOHS said it was investigating whether the retailers abused their market power in the central European country, but gave no further details. Under Czech ...
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AnalysisTime for US retailers to pursue top line growth
After a year of cutting costs and lowering inventories, it’s time for retailers to think about growing the top line.
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NewsClinton Cards considers closing its Ireland stores
Clinton Cards is mulling closing its underperforming Irish stores as the greetings card retailer issued a profit warning this week.
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OpinionThe best of both worlds
We could use some of the US’s ambition, but they can keep their food, says Malcolm Walker
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News
LVMH to acquire 70% of Brazil’s Sack’s
France-based luxury and specialty retail group LVMH is to acquire a 70% stake in Sack’s, a leading online retailer of fragrances, cosmetics and toiletries in Brazil.The operation will form part of the group’s beauty store operation, Sephora, and the acquisition will mark Sephora’s entry into the Brazilian market.Sephora is expected ...
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News
Aditya Birla opens 8th Hydrabad hypermarket
Grocer Aditya Birla has opened its eighth hypermarket in Hyderabad, and taken the opportunity to reiterate its aggressive expansion and private-label strategies.Chief executive Thomas Varghese said that Aditya Birla intends to grow private-label sales to 30% across the FMCG, clothing and general merchandise categories. The group expects to be EBITDA ...
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News
Fast Retailing enters JV to bring Uniqlo to Malaysia
Japanese fashion retailer Fast Retailing has established a joint venture in Malaysia to develop its Uniqlo chain in the southeast Asian nation.The partnership has targeted the end of 2010 for the opening of the country’s first Uniqlo store, but this could be brought forward to as early as this autumn.“We ...
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Australia’s Metcash acquires Franklins chain
Grocer Metcash has agreed to acquire the 85-strong Franklins supermarket chain in New South Wales from South Africa-based Pick n Pay for about Aus$215m (£119m).Following the acquisition, Metcash is planning to sell the stores on to the independent IGA retailers, which it supplies as a wholesaler, with the potential ...
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Harvey Norman acquires rival Clive Peeters
Electricals retailer Harvey Norman has announced that it has bought competitor Clive Peeters following its entry into voluntary administration after a difficult trading period.The company paid A$55m (£30.4m) for the 38 operating Clive Peeters and Rick Hart shops.The deal is expected to add between Aus$300 and Aus$400m (£166.1 and £221.5m) ...
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News
Amazon launches food offer in Germany
Amazon has launched its online shop for groceries in the country, with 30,000 items, including vegetables, meat, fish and baked goods as part of the offer.The products are offered by Amazon and 60 partners with whom the retailer has teamed up. Delivery will remain the same as Amazon’s normal service ...
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News
Germany’s Woolworth emerges from insolvency
Variety store operator Woolworth has formally emerged from insolvency, following its integration into the Tengelmann group. Of the formerly about 300-strong portfolio, which was reduced to 162 under administration, about 150 have now been transferred to the new owners.The group of owners consists of Tengelmann and HH Holding, the group ...
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News
Sligro set to take over Sanders
Grocery wholesaler and retailer Sligro is about to take over regional supermarket operator Sanders. Sligro said it expects that an agreement will be reached on the acquisition of Sanvier, the operator of 22 Sanders supermarkets in the Twente region and a meat processing business. Both Sanders and Sligro are members ...
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News
Bed Bath & Beyond to spend £150m on IT and stores
Bed Bath & Beyond has announced plans to spend $225m (£150m) on IT, new store openings and a store refresh initiative.The retailer plans to open about 55 to 60 stores across all of its concepts in fiscal 2010.Bed Bath & Beyond co-chairman Leonard Feinstein said: “We continue to work to ...
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NewsHollister US flagship infested with bedbugs
Hollister’s flagship store in New York has fallen victim to an infestation of bedbugs, leading to its closure on Wednesday.
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OpinionRetail surgery: What help can we get from the Government as we try to expand our business internationally?
What help can we get from the Government as we try to expand our business internationally?
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AnalysisCanada’s Sobeys benefits from innovative strategy
Sobeys’ results - although by no means spectacular - are thoroughly respectable in a Canadian grocery sector that is becoming ever more competitive.
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News
Walgreens Q3 sales up 6.1%
Drugstore operator Walgreens has reported $463m (£307m) net earnings for the third quarter ended May 31, down from $522m (£346.5m) in the same period of last year. Third-quarter sales increased 6.1% to a record $17.2bn (£11.41bn). Total sales in comparable stores increased 0.7%, while like-for-like store front-end sales increased 0.1%.Front-end ...
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Bed Bath & Beyond Q1 sales up 13.5%
Bed Bath & Beyond has posted a net sales rise of 13.5% to $1.92bn (£1.27bn) for the first quarter of 2010. Like-for-like sales increased by about 8.4%. Net earnings rocketed 58% to $138m (£91.6m).During the first quarter the retailer opened two Bed Bath & Beyond stores and two Buybuy Baby ...