All International articles – Page 227
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NewsDebenhams to open in Vietnam
Department store group Debenhams is to open in Vietnam as it seeks to bolster its international portfolio.
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NewsSupergroup to launch stores in Irish Republic
Superdry and Cult parent Supergroup is to open its first Republic of Ireland shops before Christmas.
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AnalysisDubai’s financial demise will have knock-on effect
Middle East financial observers seem generally confident that Abu Dhabi and Dubai will thrash out a deal to rescue Dubai’s state investment vehicle Dubai World in the restructuring of its $60bn (£37bn) debt, although Abu Dhabi officials have suggested that the bail-out would most likely be on a selective basis.
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Woolworths expects a strong Christmas trading period
Multi-format Australian retailer Woolworths is expecting a strong Christmas trading period.Chief executive Michael Luscombe said business is “going along quite nicely”. The retailer revealed that net profit could exceed the Aus$2bn (£1bn) mark this financial year and it is still on the lookout for investment opportunities.For its 2010 financial year, ...
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AnalysisAS Watson: Gunning for the Chinese lion’s share
Global health and beauty giant AS Watson has big plans for China, with ambitions for as many as 5,000 stores there. Tim Danaher flew to Shanghai for a rare interview with managing director Dominic Lai, the man masterminding the Superdrug owner’s expansion.
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Carrefour in Italy confirms DìperDì fascia converts
Carrefour in Italy has confirmed that it is to convert all of its DìperDì neighbourhood stores to the Carrefour Express fascia as part of its multi-format single brand strategy.The international grocery group’s Italian GS supermarkets are being converted into Carrefour Market at present. Carrefour said that the multi-format single brand ...
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Pinault plans to divest its retail businesses
PPR chief executive François-Henri Pinault told the Wall Street Journal that the group plans to divest its retail businesses including Conforama, Fnac and Redcats.Pinault did not give any details on when the group plans to sell the companies, but said: “The sooner, the better.” He added that about 20 companies ...
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Metro Cash & Carry unveils new portfolio of private-label brands
Metro Cash & Carry has unveiled a new portfolio of private-label brands that it intends to roll out to all the countries in which it operates.The six private labels include Aro, which comprises 700 food and non-food products and Fine Food, with 700 SKUs aimed at independent food traders and ...
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Black Friday weekend web and store visitors
195 million shoppers visited stores and websites over Black Friday weekend – the Friday after Thanksgiving that traditionally signals the start of the Christmas selling period in the US – up from 172 million last year, according to the National Retail Federation (NRF).However, the average spend over the weekend ...
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Barnes & Noble and Borders report quarterly figures
Bookstore operators Barnes & Noble and Borders have both reported quarterly figures.Sales at Barnes & Noble stores fell 2% to $950m (£582m) in its second quarter, while its online sales climbed 9%.At Borders, sales dropped 12.7% in its third quarter to $595.5m (£365m), with like-for-likes down 12.1% and 7.2% at ...
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NewsAstley Clarke mulls international growth
Luxury jewellery etailer Astley Clarke is considering seeking further investment next year to bolster growth after like-for-like sales for its third year jumped 40%.
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El Corte Inglés opens its first store inside another company’s premises
Retail conglomerate El Corte Inglés has opened its first store inside another company’s premises, at the Madrid headquarters of Spanish telecoms company Telefónica.The store, trading under the El Corte Inglés Convenience Store banner, has a sales area of 10,765 sq ft and offers a wide product range including food, pharmacy ...
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Metro Group dismissed all the top management at the Greek arm of its Makro Cash & Carry subsidiary
Metro Group has dismissed all the top management at the Greek arm of its Makro Cash & Carry subsidiary during an examination into administrative irregularities, according to the German retail press.Country manager Anastasios Michaelidis, non-food director Jan Casander and finance director Fotis Kalogeropoulos have left the company before completion of ...
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X5 Retail Group buys local supermarket chain Paterson
The country’s leading grocery retailer X5 Retail Group has bought local supermarket chain Paterson, which has 82 stores in Moscow, St Petersburg and other cities.X5 Group will pay $189.5 m (£103m) in cash for Paterson’s equity and assume $85m (£46m) of debt, to be financed by operating cash flow. It ...
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NewsBlack Friday shoppers hunt for bargains
Sales on one of America’s busiest shopping days, Black Friday, were marginally ahead of 2008, but shoppers steered clear of higher priced items to hunt out bargains.
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NewsJD Sports Fashion opens site to overseas markets
JD Sports Fashion has extended its online offer to overseas markets in an attempt to bolster its international presence.
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Media Markt signs joint venture contract with Foxconn Technology Group
Metro Group-owned consumer electronics retailer Media Markt has signed a joint venture contract with Taiwan-based electronics and computer parts manufacturer Foxconn Technology Group.It plans to opens its first store in Shanghai in mid-2010. Foxconn will hold 25% in the joint venture and Media Markt will have 75%. Initially, Media Markt ...
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NewsCanadian grocers seek to dodge Walmart bullet
As Walmart ploughs ahead with aggressive Supercenter expansion across Canada, the local players have begun to accept that aiming for price leadership is not worth the battle.
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Jürgen Kluge to take over as chairman of Metro Group’s supervisory board
The designated chief executive of German conglomerate Haniel, Jürgen Kluge, will also take over as chairman of Metro Group’s supervisory board in 2010.Kluge will be appointed as Haniel chief executive in January and then in a few months to the position at Metro, Haniel’s most important holding.The reshuffle is understood ...
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Retailers step up their Black Friday efforts
Retailers have stepped up their Black Friday efforts this year in an attempt to attract more shoppers to their stores during the US’s biggest shopping weekend beginning today.Department store group JC Penney (pictured) is offering more than 100 deals, an increase of 15% compared with last year. Walmart is also ...