All International articles – Page 246
-
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.
-
News
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 ...
-
News
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 ...
-
News
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. ...
-
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.
-
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.
-
News
Real completes its entry into the Ukrainian market.
Metro Group-owned hypermarket Real has opened its first hypermarket close to the eastern Ukrainian port of Odessa, completing its entry into the Ukrainian market.“Entering the Ukrainian market is a further step in the continuing internationalisation of our company,” said Real chief operating officer Didier Fleury at the opening ceremony in ...
-
NewsMothercare to extend Indian stores network
Mothercare has signed a second joint venture in India, with DLF Brands, the retail division of a local property giant, to accelerate its expansion there.
-
AnalysisNew fascias look towards the UK fashion market
Despite the store closures that have dominated retail headlines, this autumn brings the launch of two British fashion fascias and an influx of overseas retailers. Mark Faithfull reports
-
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.
-
NewsCarrefour to pull out of Russia
Carrefour is to pull out of Russia just months after opening its first stores in the country.
-
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 ...
-
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% ...
-
News
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 ...
-
News
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.
-
News
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 ...
-
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
-
News
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 ...
-
News
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 ...
-
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.