All International articles – Page 250
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News
FD Lab to launch its own toy brand in Moscow store planned for Hamleys
Retail franchise company FD Lab will launch its own toy brand in the Moscow store Hamleys was planning to make its Russian debut in until talks with FD Lab fell through last month.Skazka, which roughly translates to “fairy tale”, was developed in a matter of weeks and the four-floor store ...
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Department store operator Woolworths posts results
Department store operator Woolworths posted results for the year to June and said that consolidated turnover rose 5.5% to R21.18bn (£1.6bn). During the same period, operating profit fell 18.1% to R1.64bn (£124m).Reduced profits from discounted food ranges were offset by improved clothing and general merchandise margins, which came as a ...
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NewsHouse of Fraser sets its sights on overseas expansion drive
House of Fraser is planning to open stores overseas in the next stage of its expansion plans under private equity owner Highland Group.
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NewsInternational the next frontier for Thorntons
Thorntons is exploring export opportunities for its famous chocolate brand, as it seeks to push its business internationally.
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Toys R Us has reported on its second quarter
Toys R Us has reported on its second quarter ending August 1. Net earnings increased to $27m (£17m) compared with $13m (£8m) for the second quarter of last year.However, net sales were down, declining 7.4% to $2.57bn (£1.57bn). Like-for-like net sales decreased 7.2% and 3.9% for its domestic and international ...
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Slide in US retailers’ sales performance may be slowing
There were encouraging signs that the slide in US retailers’ sales performance may be slowing as retailers released their like-for-like sales for August.Most notably, Target’s like-for-likes improved from a 6.5% year-on-year decline in July to a decline of 2.9% in August.Like-for-like declines at club store operators Costco and BJ’s Wholesale ...
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Cencosud reports a 16% decrease in net sales
Grocery retailer Cencosud reported a 16% decrease in net sales to CLP1.24 trillion (£1.38bn) in its second quarter.The retailer was knocked by the financial crisis and adverse exchange rates in the international markets where it operates.Meanwhile, rival Falabella reported CLP832.8bn (£924.2m) sales for its second quarter, 7.8% lower than the ...
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Lianhua records a 2.2% growth in turnover
China’s largest grocer, Lianhua, recorded a 2.2% growth in turnover to CNY10.98bn (£984.5m) in the first half of the year. However, the impact of the financial crisis and a slump in consumer goods prices meant that same-store sales fell 1.7%.Net profit was up 10% to CNY250m (£22.4m). The group continued ...
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Casino’s first-half net profits hit €231m
French grocer Casino’s first-half net profits hit €231m (£203.5m), up from €229m (£201.8m) in 2008, while operating profit fell 9.1% to €488m (£430m).The retailer now expects to have implemented a €1bn (£881.1m) asset disposal programme by the end of next year. It also plans to strengthen its appeal by developing ...
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Staples announces a 9% increase in sales
Office specialist Staples announced a 9% increase in sales to $5.5bn (£3.37bn) for its second quarter. In North America retail sales decreased 5% to $2bn (£1.23bn).Comparable store sales decreased 5% against 2008, reflecting declines in average order size and weakness in durable categories such as business machines and furniture. Internationally, ...
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NewsDanish accessories and jewellery brand to hit UK
Danish accessories and jewellery brand Pieces Accessories has secured its first UK standalone shop at Grand Arcade in Cambridge.
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Woolworths-Lowe’s deal signals lift for Australia
Woolworths Australia this week announced plans to move into the DIY sector with a joint venture with Lowe’s, America’s second-largest home improvement chain.
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Australian Woolworths reports sales growth
Multi-sector retailer Woolworths – which operates supermarkets, pubs, and forecourt, liquor and electronics stores – reported group sales growth of 5.4% to AUS$49.59bn (£24.34bn) for 2008/09.Food and alcohol sales increased 9.6% to AUS$32.8bn (£16.9bn), with comparable sales rising 7.4%. New Zealand supermarket sales were up 3.9% on last year, while ...
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NewsBlinding light bulb sales as ban sparks hoarding
Sales of incandescent light bulbs have shot through the roof as shoppers stock up in the wake of the European ban, brightening up DIY retailers’ trade.
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Borders reports widening losses
Book retailer Borders reported widening losses of $12.7m (£7.8m) for its second quarter, compared with a loss of $10.5m (£6.4m) for the same period last year.Quarterly sales were $616.8m (£378.1m), down 17.7% from a year ago. Comparable store sales fell 17.9% and 10.8% at Borders superstores and Waldenbooks stores respectively.Chief ...
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Carrefour reports larger than expected loss
Carrefour has reported a larger than expected €58m (£51.1m) loss in its first half, compared with a €747m (£655.7m) profit a year earlier.The grocer plans to spend as much as €600m (£528.8m) on discounts and marketing this year to improve sales in France. Revenue fell 1.6% in the first half ...
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NewsÇilek to open third UK store
Turkish bespoke children’s bedroom furniture and accessories retailer Çilek is to open its third UK store as it sets out expansion plans for the UK.
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D&S results
Wal-Mart’s Chilean subsidiary, D&S, reported second-quarter sales up 8.9% on the same quarter of 2008, with comparable sales also up, by 8.2%. Profit dropped 18.9% to CLP23.51bn (£26.2m).The retailer, which operates under a number of different formats such as hypermarket Hiper de Lider, said that most of the drop was ...
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NewsLittlewoods launches European website to tap into expat market
Shop Direct Group is gunning to grow its overseas business to 10% of its total sales after it launched its first international Littlewoods site last week.
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Ikea intends to resume planning for expansion in Russia
Furniture giant Ikea has said that it intends to resume planning for expansion in Russia. The change of heart comes after the retailer won a two-year bureaucratic battle to open a mall in the southern city of Samara.Head of Ikea Russia Per Kaufmann believes that the main stumbling blocks are ...