All International articles – Page 216
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News
Samsung Tesco Homeplus in talks to take over Kim’s Club Mart
Samsung Tesco Homeplus, Tesco’s South Korean venture, is in negotiations to take over local retailer Kim’s Club Mart. It has been reported that Samsung Tesco Homeplus has agreed to buy 98% of Kim’s Club Mart for KRW300bn (£165m).
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News
Ito-Yokado plans monthly Sales
Seven & I-owned general merchandise retailer Ito-Yokado plans to conduct monthly Sales of hard-to-sell products at discount prices. The products include goods in damaged or out-of-style packaging, out-of-season items and those nearing expiry dates.
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News
Ikea to harmonise merchandise management systems
Ikea’s global franchise manager, Inter Ikea Systems, has started a new initiative to harmonise merchandise management systems across its international franchisee network.he Swedish home improvement retail franchiser has named K3 Business Technology Group as sole provider of Ikea’s core retail system.
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Opinion
Hot for hoodies?
The Middle East isn’t an obvious place to try to sell hoodies, but its move there shows Supergroup is on a roll.
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NewsJD Sports pushes overseas growth with Paris store
JD Sports Fashion is making a further international push by opening stores in Paris under its JD fascia.
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NewsSpain’s Cortefiel picks sites for first UK shops
Spanish retailer Grupo Cortefiel is to open its first UK stores by the end of the summer in Leeds, Livingston and the yet-to-open One New Change development in the Cityof London.
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NewsTesco signals global push with Philip Clarke’s promotion
The international chief’s appointment points to a step up in grocer’s global growth
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AnalysisThe Chinese market
Last week Monsoon began a big push into China, where it is understood to be aiming to open up to 1,000 stores. Why are retailers heading east?
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AnalysisWalmart’s bid for world domination
With a renewed focus on price transparency, the US retailer plans to bring its value message to other countries. Jennifer Creevy reports from Bentonville
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AnalysisFamilyMart pushes ahead with international growth
This year is set to be an important year for Japanese convenience store giant FamilyMart.
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News
TJ Maxx set to open first store in Puerto Rico
Developer Diversified Realty has announced the signing of a lease for the first TJ Maxx in Puerto Rico, at Plaza del Norte, a large regional shopping mall located at Hatillo in the northwest of the country. The store is expected to open in spring 2011.“We are very pleased that TJ ...
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News
Dick's to open 50 stores in 2 years
Dick’s Sporting Goods plans to open about 25 stores this year and the same number next year. But the retailer could increase the number of openings if developers start building shopping centres again, chief executive Ed Stack said.Speaking after Dick’s Sporting Goods annual shareholders meeting, Stack said he was comfortable ...
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News
First overseas Bloomingdale’s set for Dubai
Macy’s chairman, president and chief executive officer Terry J Lundgren has revealed the first Bloomingdale’s store overseas - a 200,000 sq ft unit opened in February in Dubai and licensed to Al Tayer Insignia - is already contributing to corporate earnings. He also disclosed at the company’s AGM that the ...
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News
New Reliance team charged with doubling business in 5 years
Reliance Retail has hired an expert retail management team from Thailand and Europe to spearhead its retail business.“The company has hired a team of 35 senior executives from various retail giants like Tesco Lotus of Thailand, European retail giant Morrisons and the US retailer Walmart. It will work under Gwyn ...
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News
Gome to invest in ecommerce
Chen Xiao, president of electrical appliances retailer Gome, has revealed plans to invest in ecommerce to grow sales. Online sales were just Yn400m (£40.4m) in 2009, accounting for less than 1% of total retail sales.About 40% of its products are now available for sale online and the service is only ...
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News
Lianhua to open 500 stores this year
Supermarket operator Lianhua plans to spend Yn600m (£60.66m) on opening 500 stores this year. They will include 15 shopping centres, 200 convenience stores and 285 supermarkets, mainly in the Yangtze River delta region. The retailer is looking to compete with the aggressive expansion of foreign players like Walmart and Carrefour.After ...
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News
Kopeika plans IPO
Grocery chain Kopeika plans an IPO this autumn. It is thought the Moscow-based retailer will offer about 30% of its shares. Possible buyers include X5 Retail Group or Walmart.An acquisition of a minority stake in Kopeika would be a good move for X5, as Kopeika competes with X5’s Pyaterochka stores ...
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News
Pottery Barn to open in Kuwait
Home furnishings retailer Williams-Sonoma will open its first Pottery Barn and Pottery Barn Kids stores in Kuwait on June 16 as part of a multi-year deal with MH Alshaya Company. The 17,220 sq ft Pottery Barn and 8,070 sq ft Pottery Barn Kids stores will be located at The Avenues ...
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News
Ahold Q1 profits up 45.7%
Dutch retailer Ahold posted a 45.7% rise in first-quarter net profit to reach €274m (£226.6m), mainly due to changes in its estimates for provisions for its former subsidiaries.It posted a 1% sales increase in its first quarter to reach E8.7bn (£7.2bn), a 3.4% increase at constant exchange rates. Operating income ...
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NewsLululemon hunts UK site
Canadian yoga-inspired sportswear retailer Lululemon is searching for its first European store in the UK.