All International articles – Page 250
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News
Retailers’ expansion abroad continued in 2008 despite downturn
International expansion by retailers continued throughout 2008 despite the tough global economic climate, a report has revealed.
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NewsTesco to ramp up telecoms shops
Tesco is to double the number of in-store telecoms shops in its supermarkets by the end of the year.
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UK retains position as most international market
The UK has retained its position at the top of the international market rankings.According to a survey conducted by property agency CB Richard Ellis, the UK is still home to more international retailers than any other market.As part of the study, How Global is the Business of Retail?, 280 retailers ...
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NewsJapan’s government steps in as spending plummets
Japan’s government last week laid out plans to plough an extra ¥10 trillion (£68.2bn) into attempts to stimulate its ailing economy.Retail sales have been a big victim of the country’s economic travails and fell to their lowest levels for seven years in February.Japan’s finance minister Kaoru Yosano has labelled the ...
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NewsFresh & Easy introduces review section to website
Tesco’s US Fresh & Easy operation has introduced a product review section on its website to increase interactivity with its customer base.When shoppers sample a product in stores through the US grocer’s Kitchen Table tasting area, they can then review it online.A Tesco spokesman said: “This launch forms part of ...
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Shopping centre plans for Europe slow down
More than 75 million sq ft of planned shopping centre development space in Europe has been axed or put on hold as a result of the global downturn.According to a report from property agency Cushman & Wakefield, about 107.6 million sq ft of new shopping centre space will open across ...
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NewsMothercare to pave way for global e-tailing as sales soar
Mothercare plans to open up its e-tail business globally by enabling customers in all of the 51 countries it operates in to buy online.
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Magnit profits double
Budget food retailer Magnit has reported that profits doubled last year.Sales at Magnit, which operates discounters and hypermarkets in the south and northeast of Russia, rocketed more than 40 per cent to $5.3bn (£3.79bn) from $3.7bn (£2.5bn). Magnit forecast that sales would increase 35 per cent this year.Chief executive Sergei ...
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Macy’s credit rating reduced to junk status
Macy’s had its credit rating reduced to junk status by ratings agency Moody’s.
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Japanese convenience stores expand in China
Aeon is to open its first convenience stores in China, while Seven-Eleven Japan is set to expand its chains there further.
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News
PPR boss trapped in car by employees
Billionaire retailer François-Henri Pinault was held captive in his car for an hour after becoming a victim of the trend for credit crunch boss-napping in France.Pinault, who is chief executive of luxury brands group PPR and husband of Hollywood actress Salma Hayek , was trapped by 50 employees angered ...
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Borders US fears grow as market woes widen losses
Embattled bookseller Borders US has plunged further into the red, prompting some experts in the US to suggest Chapter 11 bankruptcy may be its only chance of survival.The company reported a consolidated loss of $16.2m (£10.9m) in the year to January 31 compared with a consolidated loss of just $400,000 ...