Russian retailer O'Key said today (10 July) that second-quarter sales grew by almost one-quarter, driven by increased selling space. The firm said that second-quarter sales rose by 23.5% to RUB27.2bn (US$824.4m). Gains were propelled by ...
Tags: Retailer, O'Key, sales grew, increased selling space
Store openings have driven first-half revenue growth at Russian retailer Magnit. The firm said today (10 July) total sales increased by 32.5% in the first six months of the year. Gains were primarily driven by D, with 413 new stores ...
Tags: first-half revenue growth, Russian retailer Magnit, space expansion
Poundland, the UK-based single price value retailer, has booked an increase in full-year profits as value-conscious shoppers continued to visit its stores. In the 53 weeks ended 1 April, EBTIDA climbed 26.5% to GBP40.1m (US$62.9m), while ...
Tags: profits, retailer, Pound land, Turnover
US grocer The Fresh Market has upped its full-year profit forecast after an increase in first-half earnings. The retailer raised its full-year outlook to earnings of $1.33 to $1.38 per share with 5.5% to 6.5% same-store sales growth. That ...
Tags: profit forecast, grocer, Operating income, profit, earnings
US retailer Natural Grocers by Vitamin Cottage has said it expects to open 11 stores in the next 12 months. The Colorado-based firm, which listed in New York in July, had 59 outlets selling natural and organic groceries across 12 states ...
Tags: Natural Grocers, Vitamin Cottage, food store, food industry
LED chip and lighting array maker Bridgelux Inc of Livermore, CA, USA says that nearly 2000 LED-based luminaires, developed for Future Group using Bridgelux ES and RS LED arrays, have been installed in two new retail stores opening in ...
Tags: Bridgelux, LED arrays light, retail stores
Whole Foods Market raised its full-year sales and profit forecast after booking a 32% increase in third-quarter earnings. The US natural and organic retailer said net income rose to US$116.85m from $88.47m last year in the 12 weeks to 1 ...
Tags: whole foods market, US food market, earnings, food industry
South African retailer Massmart has booked an increase in annual profits on the back of improved sales. The company, in which Wal-Mart Stores owns a majority stake, yesterday (22 August) filed an 8.9% increase in underlying headline ...
Tags: WalMart Stores, annual profits, Operating profit, food retail
Wal-Mart Stores has announced it will create 4,000 jobs in Canada this year, in a bid to support the company's growth plans. As a result of the job creations, Wal-Mart will employ 94,000 staff by January 2013. The news forms part of the ...
Tags: WalMart, job, Canada, food industry
US speciality retailer The Fresh Market has booked an increase is profit in the third quarter. Earnings in the three months ended 28 October climbed 19% to US$10.9m, the company reported yesterday (28 November). CEO Craig Carlock said the ...
Tags: Net profit, Operating profit, Net sales
Japanese c-store retailer FamilyMart has opened its first outlets in China's interior. FamilyMart said yesterday (25 June) it had opened three stores in the province of Sichuan in central China. "The current move into the country's ...
Tags: Retailer targets, Familymart, Stores
US grocery retailer Harris Teeter has booked a mix set of figures in the third quarter, hit by its recent M&A activity. In the three months to the end of June, net earnings amounted to US$15.8m, a decline on $32.1m reported a year ...
Tags: Profits, margins up, Lowe's deal
Chilean retailer Cencosud has set the price at which shares in the company will begin trading in New York. The company is offering a mix of shares and American Depository Shares as it looks to raise funds for expansion, to pay down debt ...
As global jewellery market is set to grow faster than other luxury industries, Louis Vuitton is expanding its jewelry segment with a dedicated store on Paris' Place Vendome, the Heart and Soul of High Jewellery. The new Paris store will ...
Tags: Louis Vuitton, jewelry store, jewellery and watchmaking
French retail giant Auchan and Dubai-based Landmark Group today (13 August) announced a deal to work together in the Indian market. Landmark's existing Max Hypermarket stores will be rebranded as Auchan outlets. The two companies said ...
Tags: franchise, stores, Auchan outlets