All International articles – Page 247
-
AnalysisPlanned schemes in Dublin have been hit by retailers' uncertainty
Work on Dublin’s planned schemes has slowed to a snail’s pace as developers struggle to find retailers willing to sign in such uncertain times. Liz Morrell assesses development prospects
-
News
Supermarket chain Gimenes to be split between Carrefour and Associação Ricoy
Brazil Carrefour and local operator Associação Ricoy, comprising seven local grocers, will split supermarket chain Gimenes between them in a deal worth BRL60m (£18.9m), according to Gimenes’ creditors.Gimenes filed for Chapter 11 bankruptcy in December. 10 of its 23 units in São Paulo will go to Carrefour for BRL45m (£14.1m), ...
-
News
H&M had successful April trading
H&M had a strong April, when like-for-like sales climbed 8 per cent and total sales soared 18 per cent.The performance ended eight months of successive like-for-like falls for the fashion giant. Analysts believe H&M was helped by warm weather in its most important markets, such as Germany.A collaboration with UK ...
-
News
Retail sales in New Zealand and Singapore fall by record amounts
Retail sales in New Zealand and Singapore have fallen by record amounts, while consumer confidence among Japanese shoppers has risen. Retail sales in New Zealand in the first quarter fell by a seasonally adjusted 1.2 per cent year on year, as consumers face rising unemployment. Retail sales in Singapore fell ...
-
News
Belgian Delhaize to buy final stake in Greek Alfa-Beta
Belgian supermarket group Delhaize is to buy the outstanding 34.7 per cent stake in its Greek subsidiary Alfa-Beta.Delhaize said it would offer E30.50 (£26.88) a share. It became the principal shareholder of Greece’s second-largest food retailer in 1992.Delhaize chief executive Pierre-Olivier Beckers said he intends to operate Alfa-Beta with “no ...
-
NewsDSGi sells Hungary stores for €1
Electricals retailer DSGi has sold its Electro World stores in Hungary for €1.
-
News
Shopper's Stop to open new outlets
Department store group Shopper’s Stop is to open a further 12 outlets in the next three years. The first four will be this year in Ahmedabad, Bangalore, and Hyderabad. The retailer, one of India’s biggest with 26 department stores, said that one of the triggers for expansion was the steep ...
-
News
Rosebys UK to be resurrected in global push
Home textiles retailer Rosebys could make a return to the UK this year, according to its owner, Indian industrialist Sanjay Dalmia.
-
News
Tesco thinks local to outrun global recession
It’s too early to call the end of the global recession, but it has stopped getting any worse. That’s the prognosis from Tesco international director Phil Clarke.
-
News
Ikea to expand in the Gulf
Furniture group Ikea plans to expand in the Gulf region with two stores in Oman and Qatar, in addition to adding new stores to its existing chain in Saudi Arabia. The retailer will also increase the space of its Abu Dhabi store from 9,685 to 21,530 sq ft, according to ...
-
News
Wal-Mart to end monthly sales reporting
Wal-Mart is to end its monthly sales reporting, which the retailer has been doing since 1979, to “better align investors with the retailer’s business plan and cut volatility caused by holiday shifts”, said Wal-Mart chief financial officer Tom Schoewe.Separately, Easter’s April timing helped improve US retailers’ same-store sales growth for ...
-
News
Mercator suffers net profit drop
Mercator, the country’s largest food retailer, has suffered a first-quarter net profit drop of 30.8 per cent year on year to €6.4m (£5.7m), which it attributed largely to higher financing costs. Operating profit for the first three months of the year rose by 11.5 per cent year on year to ...
-
News
Carrefour bids for supermarket chain
Carrefour has entered the bidding to acquire Brazilian supermarket chain Gimenes, which has also received a proposals from local operator Associação Ricoy. Gimenes has 23 shops across São Paulo, Brazil’s largest state, and is Brazil’s 22nd largest supermarket chain. Carrefour, Brazil’s market leader, has put two offers on the table. ...
-
News
Eddie Bauer reportedly in talks with potential buyers
The fashion retailer, which operates about 370 stores in the US and Canada, is a possible target for Gordon Brothers, Hilco Consumer Capital and Hudson Capital Partners. Eddie Bauer’s chief executive Neil Fiske declined to comment on bid speculation. The retailer has reported annual losses for the past three years ...
-
NewsDylan’s Candy Bar mulls UK stores
Iconic US sweet store Dylan’s Candy Bar is considering opening stores in the UK.
-
News
Arcandor to apply for state aid
Debt-laden conglomerate Arcandor – parent of the Karstdadt stores business – aims to formally apply for state aid soon, its boss told reporters. “We are striving to submit an official request for state guarantees through the banks,” said chief executive Karl-Gerhard Eick. Small banks want to withdraw e90m (£81m) loans ...
-
News
Ahold posts strong first quarter net sales growth
Grocery giant Ahold posted strong net sales growth of 15.2 per cent to €8.7bn (£7.8bn) for the first quarter ending April 19, led by a strong performance in its core European and US markets. Its Albert Heijn chain generated net sales growth of 12.3 per cent to €3bn (£2.7bn). In ...
-
News
Sales tumble for two office supplies retailers
Two office supplies retailers have experienced tumbling sales and profits in their first quarter.Office Depot revealed a net loss of $55m (£36.4m) compared with profits of $69m (£45.7m) last year. Total sales plummeted 19 per cent to $3.2bn (£2.12bn). Like-for-likes in its retail division declined 17 per cent, as consumers ...
-
News
Pre-tax profits at Metro plummet
Pre-tax profits at grocer Metro plummeted almost 50 per cent in its first quarter to e84m (£74.8m). Sales also fell 2.5 per cent to e15.2bn (£13.5bn) in the three months to the end of March.
-
News
Falabella experiences first quarter profit fall
Store group Falabella suffered a profit fall in its first quarter as global economic turmoil took a toll.The retailer, which runs supermarkets, home improvement stores and department stores in Argentina, Colombia and Peru as well as its domestic market of Chile, reported like-for-like declines of between 2.7 per cent and ...