All International articles – Page 225
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News
Metro pulls out of deal with Privileg
Metro Group-owned consumer electronics superstore operator Media-Saturn is understood to have pulled out of a deal to acquire the Privileg household goods private label.The label - the German market leader in washing machines, tumble dryers and kitchen stoves - was bought by the Otto mail order group from Arcandor in ...
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News
Seventh Continent sales soar
Grocer Seventh Continent posted net sales soared 22.5% to RUB39.9bn (£792m) in 2008, according to documents prepared in accordance with International Financial Reporting Standards (IFRS).Growth was driven by the expansion of the company’s store base. Like-for-like sales climbed 10.4%.
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Analysis
Festive sales held up but expect a bleak first quarter
The first sets of Christmas trading results have started to trickle in this week and by all accounts Christmas 2009 is unlikely to have been the disaster that everybody was expecting.
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News
Deal between Suning and Citicall Retail Management
Suning, one of the leading electrical appliance retailers in China, has struck a deal to buy Hong Kong-based Citicall Retail Management for $4.5m (£2.76m), sources reported. Suning is due to complete its takeover of Citicall Retail Management by March. The Shenzhen-listed enterprise wants to extend its presence in Hong Kong ...
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News
Aeon to overall supermarkets
Aeon is to overhaul the supermarkets under its umbrella.The Japanese group plans to transform 55 stores - about 10% of the total number of Jusco stores and other supermarkets in the group - in 2010.Aeon will downsize floor space for items that have not been selling well, such as clothing ...
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News
X5 Retail and Perfumes Planet Switzerland in joint venture
X5 Retail, Russia’s largest retailer in terms of sales, and Perfumes Planet Switzerland, have set up a joint venture.The two companies will develop perfume selling points adjacent to X5’s food retail stores in Moscow, St Petersburg, Nizhny Novgorod and respective regions.PPS and X5 will own 80% and 20% of the ...
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NewsWalmart to use supply chain to cut costs in 2010
Walmart, the world’s biggest retailer, estimates that savings of between 5-15%, or $4bn-$12bn, will be possible by globalising its purchasing.
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NewsEsprit to buy Chinese venture partner
Esprit is set to buy out its Chinese venture partner as it looks to ramp up its presence in that market.
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NewsLakeland strikes deal to launch Dubai store
Kitchenware retailer Lakeland is to open its first overseas store next year in Dubai.
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NewsCoco de Mer opens New York store
Luxury erotica retailer Coco de Mer has opened a store in New York this week and is seeking more franchisees to open further shops in Europe and Asia Pacific.
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NewsKesa chief brushes off UK Best Buy threat
Kesa group chief executive Thierry Falque-Pierrotin questioned the impact US electricals giant Best Buy will have in the UK as Kesa posted better than expected results.
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AnalysisAsian markets beckon for crunch-hit fashion players
Slowed consumer spending in their recession-hit home markets has led the world’s largest fashion retailers to pursue Asia for growth. Retailers such as Inditex, H&M and Gap are now finding more fertile grounds for expansion in the region, where the effects of the economic downturn have been much less severe.
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NewsClaire’s revamps its image in bid to appeal to older teenagers
Accessories specialist Claire’s is overhauling its image to appeal to older teenage customers as it plots aggressive expansion across Europe.
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NewsMonsoon to have second stab at US with Accessorize openings
Monsoon will open five Accessorize stores in the US next year, marking the fashion retailer’s second attempt to crack the North American market.