All International articles – Page 232
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News
Walmex Q3 profits jump 18%
Wal-mart’s Mexican subsidiary Walmex’s third-quarter net profit jumped 18% as its low price promotions helped it weather the economic slump.The retailer said it earned MXN3.86bn (£177m) in the period, compared with MXN3.26bn (£149m) a year earlier. Total revenue for the quarter rose 12% to MXN64.59bn (£2.96bn), while EBITDA grew 17% ...
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News
Fast Retailing profits up 14%
Fast Retailing has reported that net profit rose 14.4% to ¥49.8bn (£315m) for the financial year ended August 31. Sales rose 16.8% to ¥685.04bn (£4.3bn).The clothing store operator will seek to expand its Uniqlo stores in Asia from 76 to 132 over the next year. Fast Retailing, which aims to ...
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NewsShoppers in Republic of Ireland still paying more than Northern counterparts
Shoppers in the Republic of Ireland are still paying almost a fifth more than those in Northern Ireland, despite retailers’ price war.
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NewsCan Wal-Mart hold on to its new-found customers?
Wal-Mart’s everyday low price stance has been paying off in the US recession.
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News
Carrefour facing pressure from its largest investors
Carrefour is facing pressure from its largest investors, Colony Capital and billionaire Bernard Arnault, to sell its operations in Asia and Latin America.The call follows a drop of close to 30% in the value of Carrefour stock since the shareholders came on board in 2007.A source close to the board ...
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NewsFrench Connection axes Japan stores to stem loss
French Connection is to close its stores in Japan and intends to hand the operation over to a licensee in a bid to stem haemorrhaging losses at the division.
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News
Le Blog Mulliez reveals the first Auchan hypermarket is set to open in the Middle East
Le Blog Mulliez, an independent blog focusing on the Mulliez family’s retail empire, has unveiled that the first Auchan hypermarket is about to open its doors in the Middle East, in Dubai’s Dragon Mart shopping centre.The store has a sales area of 93,650 sq ft. It will be the first ...
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Delhaize Group enters non-binding letter of intent with BI-LO to its assets
Belgium-based grocer Delhaize Group has entered into a non-binding letter of intent with US retailer BI-LO to acquire a substantial majority of BI-LO’s assets, including associated inventory, for $425m (£266.8m).The news came in the midst of BI-LO’s bankruptcy proceedings in the US Bankruptcy Court for the District of South Carolina. ...
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News
Rewe Group to acquire Coop Germany’s Sky supermarket network in the south
Retail conglomerate Rewe Group is to acquire Coop Germany’s Sky supermarket network in the south of the country, comprising 39 Sky stores as well as a warehouse and office premises in Ulm.The acquisition sees Rewe strengthen its presence in Baden-Württemberg and Bavaria. The Sky stores generate around E150m (£137.8m) of ...
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News
Seven & I will take over about 80 kiosks at Keihin Electric Express Railway’s train stations
Seven & I, which operates the 7-Eleven chain, has said it will take over about 80 kiosks at Keihin Electric Express Railway’s train stations.This is the first time that 7-Eleven Japan will open stores in train stations. Rivals Lawson and FamilyMart already have business alliances with Tokyu and Siebu Railways, ...
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EIB has approved a loan of €47m to help Metro Group set up five cash and carries in Vietnam
The European Investment Bank (EIB) in Luxembourg has approved a loan of €47m (£43.1m) to help Metro Group in Vietnam set up five cash and carries in Bien Hoa, Binh Duong, Nha Trang, Long Xuyen and Quy Nhon.The loan was issued following the European Union’s strategy in Asia to help ...
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News
Pantaloon Retail reported total group income rose 31%
India-based Pantaloon Retail reported total group income rose 31% to INR76.69bn (£1.01bn) in its financial results for the year ended June 30.Net profit after minority interest declined sharply from INR219.3m (£2.9m) in the previous year to INR100.7m (£1.3m). The group is expecting to achieve 35% to 40% sales growth during ...
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News
Walgreens has posted record figures for the year ended August 31
Drugstore chain Walgreens has posted record figures for the year ended August 31, with sales rising 7.3% to reach $63.3bn (£39.76bn).Net earnings for 2008/09 were $2.01bn (£1.26bn) reflecting a 7% decrease from the previous year.The retailer, famed for its rapid expansion, now wants to slow the pace of store openings. ...
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News
Fast Retailing reports like-for-like sales increase by 31.6%
Fast Retailing, operator of the Uniqlo clothing retailer, reported like-for-like sales increased by 31.6% year on year in September. Total sales climbed 41.5%.The company attributed the growth to cool temperatures throughout the month, which kept sales of autumn and winter goods strong. Also, an extra day of national holiday during ...
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News
Wal-Mart plans to offer more than 100 toys at £6 over Christmas
Wal-Mart is planning to offer more than 100 toys at $10 (£6) during the festive season.Last year, the grocery giant offered just 10 toys at that price point. The retailer will also, up until Christmas, match any local competitor’s advertised offer on the same toy product if it falls below ...
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NewsLand Securities retail venture to bring 10 overseas brands to UK
Property company Land Securities’ new retail offshoot Brand Empire is in talks with 10 international retailers about introducing them to the UK.
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NewsOnline retailers welcome postcode system for Republic of Ireland
Retailers have welcomed the revival of plans to introduce a national postcode system in the Republic of Ireland and believe the move should help catalogue and online businesses operate efficiently there.
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GalleryDoing Dallas: How does NorthPark measure up?
The US may do things bigger, but do they do them better? John Ryan visits Dallas and one of the Lone Star state’s top shopping centres to find out how its retail scene measures up
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Cencar expands loyalty programme
Carrefour’s operator in Thailand, Cencar Co, is stepping up its customer loyalty and retention programmes to better compete with rivals Tesco Lotus and the Casino-owned Big C chain.The retailer has dedicated THB50m (£937,894) towards the “Carrefour Month 2009” campaign, which will reward loyalty cardholders with discounts at 37 stores ...
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Carrefour enters Iranian market
Four months after opening its first store in Pakistan, Carrefour has entered the Iranian market via its Middle Eastern franchise partner, Majid Al Futtaim (MAF). The first hypermarket opened in Tehran. As in Pakistan, the store trades under the Hyperstar banner, rather than Carrefour.The store, which is open seven days ...