All International articles – Page 226
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OpinionIs there the stomach for a fresh battle on upward-only rents?
Irish retailers, and particularly the high-profile campaigners on Dublin’s Grafton Street, have been celebrating the country’s ban on upward-only rent reviews. Inevitably it has led to the a debate about whether it’s time for the same step in the UK.
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NewsJaeger looks to Europe as sales improve
Jaeger is set to re-enter the European market after revealing sales are on an improving trend.
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Payless ShoeSource to open its first five stores in the Philippines
Payless ShoeSource is to open its first five stores in the Philippines by mid-next year with franchise partner Stores Specialists.Stores Specialists is the leading fashion specialist in the country, managing 72 high profile brands and 340 retail stores.In the past year Payless ShoeSource has struck franchise agreements for the retailer’s ...
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Specsavers to double stores in New Zealand
Optical retailer Specsavers is to double the number of stores it operates in New Zealand from 30 to 60.
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NewsBoots brand will span the globe, says Stefano Pessina
Alliance Boots executive chairman Stefano Pessina has vowed that the Boots brand will be sold in all the major countries in the world within five years.
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AnalysisCan Best Buy dent locals’ dominance in China?
After pursuing cautious expansion in China since opening its first eponymous superstore there in 2006, Best Buy is planning to ramp up expansion in the market next year.
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Reliance Retail appoints Gwyn Sundhagul as chief exec of value-format division
Reliance Retail has appointed Gwyn Sundhagul chief executive of its value-format division, which includes the Reliance Mart, Reliance Super and Reliance Fresh fascias.Sundhagul was formerly chief marketing officer of Tesco’s Thai subsidiary Lotus. Reliance Retail operates almost 1,000 retail stores throughout India.
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Cencosud plans to invest $700m in five South American countries
Cencosud plans to invest $700m in five South American countries as part of its 2010 growth plan.The investment will be distributed among projects Cencosud has in Argentina, Brazil, Chile, Colombia and Peru, according to president Horst Paulmann.Details of how the investment will be distributed among the five countries have yet ...
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Grupo Pão de Açúcar acquires 51% stake in Casas Bahia
Casino-owned Grupo Pão de Açúcar has acquired a 51% stake in electricals chain Casas Bahia, a rival to its Ponto Frio fascia.Casas Bahia operates 513 stores in Brazil and focuses strongly on white goods, furniture and electronics.The existing shareholders of Casas Bahia will retain a 49% stake in the retailer.As ...
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Metcash posts a 36.5% rise in first-half profit
Grocery wholesaler Metcash posted a 36.5% rise in first-half profit, with chief executive Andrew Rietzer describing its grocery alliance business IGA as a “powerhouse” that is performing well against the competition.“The trading environment is strong. However, low price inflation continues to hamper trading opportunities across all of our business pillars,” ...
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Delhaize Group reveals plans to cut operating costs by €300m
Delhaize Group has revealed plans to cut operating costs by €300m (£267m) by 2012 and intends to introduce a more price competitive strategy from 2010 across all its fascias.The Belgium-based group intends to cut operating costs through fascia-specific initiatives and by increasing shared services across the group.Delhaize is also ...
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Revenue at pharmacy operator Nepstar declines 9.3%
Revenue at pharmacy operator Nepstar declined 9.3% in the third quarter to Yn556m (£495m), while net income remained stable at Yn7m (£33m).Nepstar chief finance officer William Dai said: “Our ability to consistently generate strong free cash flow demonstrates that our financial health has strengthened throughout the economic recovery and paves ...
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Colruyt Group increases revenue by 7.1%
Grocer Colruyt Group increased revenue by 7.1% to €3.32bn (£2.95bn) in the first six months of its 2009-10 financial year.Operating profit climbed 7.8% to €229m (£204m), resulting in a stable EBIT margin.Profit margins were affected by increased labour costs resulting from wage inflation.The Colruyt fascia achieved revenue growth of 6.6%, ...
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NewsBoots celebrates 160th anniversary
Alliance Boots has reiterated its ambitions to become a global brand as the health and beauty retailer celebrates its 160th anniversary.
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NewsDSGi to sue legal advisers over French loss
Consumer electricals giant DSGi is reportedly to sue its own legal advisers for as much as €1m over alleged mistakes in closing down the retailer’s business in France.
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NewsOcado mulls partnership with Carrefour
Online grocer Ocado is understood to have held talks with French retailer Carrefour about a partnership to deliver shopping to customers’ homes in France.