All International articles – Page 233
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News
Wal-Mart Canada opens first eco-friendly Supercenter
Wal-Mart Canada has opened its first eco-friendly Supercenter in Waterdown, Ontario.
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AnalysisUS retail: Battered and bruised, but on its way back
What happens in US retail is frequently mirrored in the UK. Financo chair Gilbert Harrison examines how the US is emerging from its brutal downturn
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News
Polish retail sales continue to rise in August
Polish retail sales continued to rise in August, increasing 5.2% year on year.The increase follows a 5.7% rise in July.A stable unemployment rate of 10.8% helped drive demand. This is in sharp contrast with nearby Hungary, where unemployment continues to rise, partly due to a decline in demand for Hungarian ...
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News
Aldi records £39m profit in Australia
Aldi’s discount store network in Australia delivered a profit of AUD72.6m (£39.19m) last year, on total Australian sales of AUD1.85bn (£998.6m).Aldi, which entered Australia in January 2001 and recently opened its 200th store there, has been profitable for the past three years. ”We have strong expansion plans for Australia ...
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News
Pantaloon Retail sales up 31%
Pantaloon Retail’s net sales rose 31% to INR76.69bn (£994.8m) for the year to June 30.Net profit at the group, which is Indian’s largest retailer, plummeted from INR219.3m (£2.84m) the year before to INR100.7m (£1.3m).The decline was primarily due to rising employee costs, depreciation and interest charges.Kishore Biyani, chief executive of ...
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AnalysisLowe’s curtails expansion as it braces for tough 2010
DIY retailer Lowe’s has followed in the footsteps of rival Home Depot by scaling back its expansion plans.
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News
Nakumatt pulls out of project
Kenya’s largest retailer, Nakumatt, has pulled out of its project to open a second store in Kigali, the capital of Rwanda.Following its market entry with a 24,760 sq ft supermarket in August last year, the retailer’s original plan had been to launch a 75,350 sq ft hypermarket at the Gateway ...
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NewsHowards Storage World to open first UK store
Australian storage solutions retailer Howards Storage World is to open its first UK store next month as it outlines plans for 50 shops in the next five years.
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News
Metro Group sees first signs of a recovery in Eastern European markets
Metro Group has said it is seeing the first signs of a recovery in its Eastern European markets. However, chief executive Eckhard Cordes also warned of tough times ahead in the retailer’s home market of Germany.He said the crisis was not over yet and pointed out that Europe’s largest economy ...
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News
Lotte Shopping considers entry into India
Retail group Lotte Shopping is considering entry into India. Department store division director Daniel Kim said the group – the country’s largest retailer – plans to invest about KRW360bn (£174m) in overseas businesses this year, following on from market entries into Russia in 2007 and China last year.In addition, the ...
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News
Toys R Us to open pop-up stores in malls and shopping centres
Toys R Us is to open pop-up stores in malls and shopping centres and inside its Babies R Us shops as it tries to revive Christmas sales this year.The speciality toy retailer plans to open nearly 350 such shops in the US and Puerto Rico by early October, giving it ...
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NewsHabitat launches Europe marketing capaign with Helena Christensen
Furniture and homewares retailer Habitat is launching a marketing campaign across Europe featuring supermodel Helena Christensen.
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News
Carrefour launches campaign
Carrefour has launched a campaign highlighting six menu ideas at less than e1 (86p) per person.Produced by Publicis, the campaign will run on TV and in the grocer’s 1,200 French stores.The menus, made using Carrefour own-branded products, are intended “to reduce the daily food bill while purchasing power is at ...
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News
Conforama to test smaller format called Confo Deco
PPR-owned household goods retailer Conforama is to test a new smaller format called Confo Deco, the first of which is expected to open in France in the first half of next year.Confo Deco will cover about 5,380 to 8,610 sq ft and focus on home decoration. Stores will be located ...
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NewsBlockbuster to shed stores as it rethinks strategy
US-based DVD rental company Blockbuster has announced it is planning to close as many as 960 stores in the US, representing more than a fifth of its total US stores, by the end of next year.
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OpinionA new age of reason
Visits in the past two weeks to the US and Australia have unearthed encouraging signs to counter the fears of a recessionary pandemic that abounded 12 months ago.
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News
Casino receives acquisition offer from Jumbo
Supermarket Super de Boer, owned by French retail group Casino, has received an acquisition offer from family-owned Dutch grocer Jumbo worth €482m.The board of Super de Boer are assessing the offer, while Casino, which owns about 57% of Super de Boer’s shares, supports the offer.If completed, the deal would represent ...
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News
Woolworths secures initial 5% stake in Danks
Multi-sector retailer Woolworths has secured an initial 5% stake along with its joint venture partner Lowe’s in hardware distributor Danks.The companies are set to take control of the DIY retailer following the acceptance of the AU$88m (£43m) takeover bid.An Australian Competition and Consumer Commission inquiry will examine the impact of ...
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News
Bharti Retail intends to become a billion dollar company by 2015
Local retailer Bharti Retail said it intends to become a billion dollar company by 2015 and is aiming to open 40 more retail outlets in the next three months.The group plans to invest up to $2.5bn (£1.5bn) by 2015 in its retail business. Bharti Enterprises vice-chairman and managing director Rajan ...
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News
Best Buy reports 12% increase in revenues
For its second quarter, Best Buy reported a 12% increase in revenues to $11bn (£6.7bn). Sales were lifted by the inclusion of Best Buy Europe’s revenue and gains from the addition of 170 new stores over the past year.Revenue gains were partially offset by a like-for-like sales decline of 3.9% ...