Expansion into Russia and store openings hit profits from Finland-based retailer Kesko's food stores last year. Operating profit from Kesko's food business dropped 3.8% to EUR168.4m (US$228m) in 2012, the company reported today (5 ...
Tags: food profits, food stores, food
Marimekko is expanding its operations in all its main market areas. In Northern Europe, the company is expanding its network of company-owned stores, while in North America the main thrust is on developing shop-in-shop partnerships with ...
Tags: Marimekko, market areas, network
Image courtesy of infotruck.blogspot.com.au.1 Wesfarmers Limited has released its second quarter retail sales results for the period ending 31 December 2012. Managing director Richard Goyder said he was generally pleased with the sales ...
Tags: Wesfarmers, retail sales, Coles, Bunnings, Kmart
Russian food retailer Dixy Group has reported a strong double-digit increase in sales for 2012, thanks to it acquisition of Victoria Group and new store openings. Dixy reported yesterday (23 January) that net sales for the 12 months to ...
Tags: Russia, food retailer, Dixy Group, 2012
X5 Retail Group, Russia's largest retailer by sales, reported an 8.3% rise in net sales for fiscal 2012, driven by higher revenues at the group's discount formats. The company said net sales for the year grew to RUB490.09bn (US$16.2bn) in ...
Tags: X5 Retail Group, net sales, discount format
The board of Russia's X5 Retail Group has nominated interim CEO Stephan DuCharme to take the post permanently, as new figures show that store openings lifted the firm's sales in 2012. DuCharme, who's appointment is still subject to ...
Tags: X5 Retail Group, Russia, CEO, Stephan DuCharme
Portugal and Poland-focused retailer Jeronimo Martins has seen strong growth at its Biedronka chain lift the group to a double-digit sales rise for 2012. For the 12 months to the end of December, Jeronimo Martins reported net sales up by ...
Tags: Portugal, Poland, Jeronimo Martins, retailer, sales
Russian retailer Magnit has reported full-year sales up by more than a third, after opening nearly 1,600 stores during the period. For the 12 months to the end of December, Magnit reported preliminary consolidated net sales up by 34% ...
US discount retailer Family Dollar Stores has recorded first-quarter earnings that came in at the lower end of its guidance due to gross margin pressure and expense headwinds. In the three months ended 24 November, earnings amounted to ...
Tags: Family Dollar Stores, earnings, gross margin pressure, company news
Big 5 Sporting Goods Corporation, a leading sporting goods retailer, reported financial results for the fiscal 2012 third quarter and first nine months ended September 30, 2012. For the fiscal 2012 third quarter, net sales increased to ...
Morrisons insisted this morning (3 May) that it has made a "satisfactory" start to the year, despite booking its first drop in like-for-like sales since 2005. Like-for-like sales, which strip out the impact of store openings, fell 1% ...
Tags: Morrisons, sales, Morrisons report, food quality
South African supermarket operator Pick n Pay has booked an increase in first-half sales. In the six months to the end of August, group sales were up 5.9%, with like-for-like sales growth of 3.2%. The company said that although new ...
Tags: Pick n Pay, sales increase, first-half sales
Pan-Asian retailer Dairy Farm International Holdings has posted a rise in half-year profits, boosted by recent acquisitions and new store openings. Profit attributable to shareholders increased 8% to US$245m for the first six months of ...
Tags: Profits, Dairy Farm, International Holdings
Russian retailer Dixy has booked an 89.5% jump in first-half sales, which were boosted by its merger with local rival Victoria Group and store openings. In a statement released today (25 July), the company said first-half sales rose to ...
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