Associated British Foods today (10 September) revealed it had taken an impairment charge of A$150m (US$155m) on its Australian meat business as it battles "difficult" trading conditions in the market. The UK-listed group announced the ...
Tags: Australia, ABF, impairment charge, meat business
US convenience retailer Casey's General Stores has signed a deal to acquire 22 convenience stores from US retailer Kum & Go. The outlets are located in Iowa, Missouri and North Dakota. "These stores are an excellent fit to our existing ...
UK frozen food retailer Iceland Foods has reported a 14% increase in full-year profits as it reported a solid increase in sales despite fierce competition. Iceland booked net profit before tax of GBP147.5m (US$229.8m) for the 53 weeks to ...
Tags: UK, frozen food, Iceland Foods
Woolworths Ltd today (23 July) revealed it was able to grow its full-year sales, despite the Australian retailer's supermarkets reporting falling prices. In an announcement to the Australian stock exchange, Woolworths said sales rose by ...
Tags: Woolworths Ltd, retail, supermarket, falling price
Russian retailer Dixy has booked an increase in nine-month sales, boosted by its acquisition of rival Victoria. Group sales in the January to September period climbed 56.2% to RUR106.74bn (US$3.41bn), while like-for-like sales grew 5.35%. ...
Tags: retailer Dixy, Dixy, sales, hypermarket
Canadian c-store chain Couche-Tard has booked an increase in first-half profits boosted by acquisitions. In the 24 weeks ended 14 October, earnings amounted to C$278.1m (US$279.7m), a 9.9% increase on the prior year period. The group said ...
Tags: acquisition, Couche Tard
HOUSTON - Bedding retailer Mattress Firm said sales jumped more than 50% in the quarter ended Oct. 30 due largely to acquisitions and store openings. Same-store sales, however, also rose 6.6% in the quarter as the company continued to ...
Tags: Bedding, Mattress Firm, Mattress
Following the success of the K Town pilot project in Göttingen, Karstadt opened a second K Town store in Cologne on 14 September. This new shop concept forms a key part of the "Karstadt 2015" strategy. K Town will contribute further to ...
Tags: K Town, Karstadt, second K Town store, Karstadt 2015, modernisation
Body Central Corp. announced financial results for the third quarter and for the thirty-nine week period ending September 29, 2012. Highlights for the third quarter ended September 29, 2012: Net revenues for the quarter increased ...
Dick's Sporting Goods, the largest U.S. based full-line sporting goods retailer, invites the community of Oklahoma City to celebrate the opening of the retailers' four new stores in the Oklahoma City metro area with a three-day grand ...
Tags: Dick's, full-line sporting goods retailer, four new stores
In 2012 Australian retail conditions continued to be difficult. Although the fundamentals of the Australian economy improved with growing GDP, declining interest rates and low levels of unemployment, consumer sentiment remained soft with ...
Tags: retail conditions, fundamentals, growing GDP, consumer sentiment
Officeworks is moving ahead with its new store programme with the opening of outlets at Punchbowl in Sydney and at Box Hill South in Melbourne. The Punchbowl store, which has been re-located, opened on 7 July with a family fun day ...
Cabela's Incorporated reported strong financial results for third quarter fiscal 2012. For the quarter, total revenue increased 9.2% to $741.2 million; Retail store revenue increased 15.8% to $456.0 million; Direct revenue decreased 6.7% ...
Tags: Cabela's, financial results, third quarter, revenue
During the January-September period of 2012, the Marimekko Group’s net sales grew by 17 per cent and international sales by no less than 32 per cent. The trend was strong in the third quarter and profitability took a clear turn for ...
Tags: Net Sales, operating profit
Marimekko’s strong investments in internationalization continue as the company opens its first company-owned stores in Australia. Marimekko products have been sold in Australia since the 1960s, but now the company is getting ...
Tags: first company, stores, new stores, clothing shops, home décor shops