All International articles – Page 248
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News
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 ...
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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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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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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% ...
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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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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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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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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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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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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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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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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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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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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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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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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
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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OpinionSecond chance for internet sales with global ecommerce
The disclosure of the vast sums of money being spent in virtual world Second Life proves the possibilities of the web as a global marketplace for retailers.
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News
Talbots posts £12.3m net loss
AEON-owned Talbots posted a $20.5m (£12.3m) net loss from continuing operations for the quarter ended August 1, compared with last year’s loss of $12m (£7.2m).Net sales for the quarter were $304.6m (£182.5m), compared with $395.2m (£236.7m) last year. Talbots president and chief executive Trudy Sullivan said: “We are beginning to ...
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Dollar General reports net sales of $2.9bn
Discount chain Dollar General has reported net sales of $2.9bn (£1.74bn) for its second quarter ending July 31, an 11.2% increase. Same-store sales increased 8.6%.The company reported net income for the quarter of $93.6m (£56.1m), a jump of 237.7%.“The results of our efforts to help customers save time and money ...