All International articles – Page 231
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GalleryStore of the week: Opening Ceremony, Tokyo
US retailer Opening Ceremony welcomed shoppers to its first store outside North America at the end of August, when it opened a seven-floor quasi-department store in Tokyo.
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NewsCarrefour’s retreat from Russia a mysterious move
French retailer Carrefour has surprised the retail world by announcing its decision to exit the Russian market, having only recently opened its first two hypermarkets in Moscow and Krasnodar.
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Carrefour reports sales rise
Carrefour has reported that sales for its third quarter reached E23bn (£21bn), a rise of 0.5% excluding petrol and at constant exchange rates.In France, market share gains were driven by the strong performance of Carrefour Market – where like-for-likes increased 6% excluding petrol – and the success of Carrefour-branded products. ...
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Tengelmann close to selling its Plus discount operations in Austria, Romania and Bulgaria
Tengelmann is close to selling its remaining Plus discount operations in Austria, Romania and Bulgaria.The stores in Austria are likely to be sold to Spar (Austria), while the network in Romania is likely to be picked up by Delhaize Group, and the young operation in Bulgaria by Schwarz Group’s Lidl.Closure ...
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Woolworths’ attempt to enter the DIY market under threat
The country’s largest retailer Woolworths’ attempt to enter the DIY market looks under threat after its takeover of hardware retailer Danks has been put in doubt.The competition regulator has raised concerns about Woolworths planned takeover. In a 13-page document, the Australian Competition and Consumer Commission said the purchase of Danks ...
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NewsAnthropologie opens its first European store on Regent Street
The US women’s fashion and lifestyle retailer has opened its first European store on Regent Street.
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Retail sales in America fall in September
Retail sales in America fell by the largest amount so far this year in September – 1.5% – but the fall was not as bad as expected.The drop in sales was attributed to car sales plummeting following the end of the country’s scrappage scheme. Car sales dropped by 10.4%, but ...
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Walmart enters into a price war with Amazon
Walmart has entered into a price war with Amazon and the nation’s book retailers, lowering prices on certain highly anticipated hardback titles to $9 (£5.49).The retailer listed prices for some upcoming hardcover releases, such as Dean Koontz’s Breathless and Stephen King’s Under the Dome at $10 (£6.10), which was answered ...
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Jumbo wins the battle to acquire Casino’s subsidiary Super de Boer
Dutch supermarket group Jumbo has won the battle to acquire Casino’s subsidiary Super de Boer after raising its original offer.The new offer values the company at E552.5m (£503.5m). Super de Boer has become something of a prized asset, with various supermarkets bidding for the chain after Jumbo’s original offer.“This is ...
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Lotte Shopping has agrees to acquire Times
Lotte Shopping has agreed to acquire Chinese hypermarket operator Times.A Lotte Group spokesman said: “We have in effect acquired Times, although some processes [to complete the deal] remain.”Lotte Shopping will purchase a 72.3% stake in the company from chairman Kenneth Fang. The South Korean retailer is believed to have outbid ...
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FAS plans to clear takeover of Paterson by X5 Retail Group.
Russia’s Federal Antimonopoly Service (FAS) plans to clear the takeover of Russian retailer Paterson by X5 Retail Group.FAS director Igor Artemyev said the service would approve the transaction on the condition that X5 Retail sells Paterson’s stores in St Petersburg “within some reasonable time frame, maybe six months” in order ...
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Casino’s consolidated net sales contracted by a reported 1.4%
Casino’s consolidated net sales contracted by a reported 1.4% in the third quarter of 2009, on the back of a 2.6% decline in the first half.Reported sales in France were down 5.3%, a performance in line with the first-half trend.Overseas, reported growth came to 6%, up from 2.4% in the ...
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NewsMothercare signs new joint venture to further growth in India
Mothercare has signed a new joint venture with DLF Brands to further its expansion plans in India.
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NewsCarrefour to pull out of Russia
Carrefour is to pull out of Russia just months after opening its first stores in the country.
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Gianni Versace plans Japan exit
Designer fashion brand Gianni Versace plans to exit the Japanese market due to a slowdown in consumer spending.Its three stores in Tokyo, Osaka and Chiba will be shut and liquidation measures are expected to be complete by the end of the year. “The Versace boutiques in Japan no longer represented ...
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Family Dollar Store profits up
Family Dollar Stores posted a 25% net income increase to $291.3m (£178.2m) for the financial year ending August 29, up on the $233.1m (£142.6m) reported the year earlier. Operating profit, as a percentage of sales, was 6.1% for the period compared with 5.2% last year. Sales were $7.4bn (£4.5bn), a ...
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AnalysisUS warehouse clubs suffer as discretionary spend dips
US warehouse club operators like Costco will have to brace themselves for more difficult trading in the near term
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JC Penney signs Liz Claiborne licensing deal
US Department store chain JC Penney has signed a licensing agreement with Liz Claiborne to exclusively sell its namesake line of clothing in stores beginning in autumn next year.The 10-year deal includes 30 categories from apparel and accessories, including jewellery, shoes anda home merchandise. After five years, JC Penney will ...
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PPR to float CFAO
Luxury and retail group PPR has announced plans to float its CFAO distribution unit.The African division will be floated on the Euronext stock exchange in Paris by the end of the year, subject to favourable market conditions. The high-growth CFAO unit generated sales of e2.86bn (£2.45bn) last year.
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Alfa-Beta Vassilopoulos to acquire Koryfi
Delhaize Group-owned supermarket chain Alfa-Beta Vassilopoulos has agreed to acquire Greek grocer Koryfi for €7m (£7m) and the assumption of €1.8m (£1.5m) debt.The Delhaize Group said the acquisition will add 11 stores and enhance its position in Thrace, northeast Greece, where its presence is limited at present.The deal, subject to ...