Retailing http://www.globalpost.com/taxonomy/term/23806/all en UPDATE 2-Debenhams sacrifices some profit to lure wary shoppers http://www.globalpost.com/dispatch/news/thomson-reuters/130108/update-2-debenhams-sacrifices-some-profit-lure-wary-shoppers <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p><body></body></p> <p>* 5 weeks to Jan. 5 underlying sales up 5.0 pct</p> <p>* 18 weeks to Jan. 5 underlying sales up 2.9 pct</p> <p>* FY gross margin guidance reduced to up 10 basis points</p> <p>* CEO says Xmas market most competitive in 37-year career</p> <p>* Shares down 6.3 pct, having doubled in last 12 months</p> <p> (Adds detail, CEO, analyst comment, shares)</p> <p>By James Davey</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130108/update-2-debenhams-sacrifices-some-profit-lure-wary-shoppers" target="_blank">read more</a></p> Business Christmas Christmas and holiday season Debenhams Department store Entertainment Person Career Quotation Retailing Seasons Technology Thomson Reuters Tue, 08 Jan 2013 13:45:16 +0000 Thomson Reuters 5731473 at http://www.globalpost.com Bargain-hunters rush in as French retail sales start http://www.globalpost.com/dispatch/news/thomson-reuters/130109/bargain-hunters-rush-french-retail-sales-start <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Winter sales kick off on Wednesday, last until Feb. 12</p> <p>* French retailers saw 9th monthly sales fall in Dec-data</p> <p>* Shoppers expect to spend 223 euros vs 244 in 2012-poll</p> <p>By Alexandria Sage</p> <p>PARIS, Jan 9 (Reuters) - French shoppers burst through the doors of one of Paris' most emblematic department stores on Wednesday as bargain-hunters sought out markdowns of up to 60 percent at the start of winter sales.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130109/bargain-hunters-rush-french-retail-sales-start" target="_blank">read more</a></p> 9th arrondissement of Paris Business Galeries Lafayette Retailing Thomson Reuters Wed, 09 Jan 2013 12:45:28 +0000 Thomson Reuters 5732083 at http://www.globalpost.com Booker's sales rise on demand from small businesses http://www.globalpost.com/dispatch/news/thomson-reuters/130117/bookers-sales-rise-demand-small-businesses <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>Jan 17 (Reuters) - Booker Group Plc, Britain's biggest cash-and-carry wholesaler, reported a rise in sales in the 16 weeks to Jan. 4, helped by demand from small businesses.</p> <p>The company, which runs more than 170 branches supplying caterers, convenience stores, grocers, restaurants and pubs, said like-for-like sales were up 3.1 percent during the period.</p> <p>Booker has defied the downturn in the sector, managing to grow sales as Britons increasingly shop at their local convenience store instead of supermarkets.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130117/bookers-sales-rise-demand-small-businesses" target="_blank">read more</a></p> Booker Group Plc Business Marketing Retailing Thomson Reuters Thu, 17 Jan 2013 08:15:17 +0000 Thomson Reuters 5735464 at http://www.globalpost.com Morrisons to buy 49 Blockbuster stores http://www.globalpost.com/dispatch/news/thomson-reuters/130217/morrisons-buy-49-blockbuster-stores <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>Feb 17 (Reuters) - British supermarket chain Wm Morrison said it has bought 49 stores from the administrators of failed DVD-rental chain Blockbuster but did not disclose the terms.</p> <p>Morrisons, UK's fourth-largest grocer, said it will convert the stores into small 'local' supermarkets under the M local name and hopes to have the stores up and running by the end of the summer.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130217/morrisons-buy-49-blockbuster-stores" target="_blank">read more</a></p> Business Morrisons Morrisons Retailing Thomson Reuters Sun, 17 Feb 2013 20:30:37 +0000 Thomson Reuters 5758474 at http://www.globalpost.com Homeplus-subsidiary merger http://www.globalpost.com/dispatch/taxonomy/term/39093/130312/homeplus-subsidiary-merger <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Yonhap News Agency </div> </div> </div> <!--paging_filter--><p>SEOUL, March 8 (Yonhap) -- Homeplus Co., the South Korean unit of British retail giant Tesco Plc, is considering merging its unit Homeplus Tesco Co. to increase its sales volume, industry sources said Friday.</p> <p>Homeplus, the second largest discount retailer in South Korea, bought a whole stake in Homever, the country's No. 4 discount chain operator in May 2008 from E-Land Group, a local fashion retailing group which acquired the discount chain from French retailer Carrefour SA in 2006.</p> <p><a href="http://www.globalpost.com/dispatch/taxonomy/term/39093/130312/homeplus-subsidiary-merger" target="_blank">read more</a></p> E-Land Homeplus Co. Retailing Tesco Tesco Plc Yonhap News Agency Tue, 12 Mar 2013 20:25:48 +0000 Yonhap News Agency 5781620 at http://www.globalpost.com Morrisons plays catch up with move online http://www.globalpost.com/dispatch/news/thomson-reuters/130314/morrisons-move-online-grocery-profits-fall <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By James Davey</p> <p>LONDON (Reuters) - Britain's Wm Morrison Supermarkets &lt;MRW.L&gt; plans to launch an online food business within a year, possibly with the help of specialist Ocado &lt;OCDO.L&gt;, as it battles to catch up with rivals after posting its first profit fall for six years.</p> <p>Britain's fourth-biggest grocer has been losing market share, hit by its lack of exposure to fast-growing online and convenience store markets as well as competition from discounters Aldi and Lidl.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130314/morrisons-move-online-grocery-profits-fall" target="_blank">read more</a></p> Business Economy of the United Kingdom John Lewis Partnership Morrisons Morrisons Retailing Technology United Kingdom Thomson Reuters Thu, 14 Mar 2013 07:45:38 +0000 Thomson Reuters 5783083 at http://www.globalpost.com Malls must move beyond shopping to survive in Internet era http://www.globalpost.com/dispatch/news/thomson-reuters/130317/malls-must-move-beyond-shopping-survive-internet-era <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Tom Bill</p> <p>CANNES, France (Reuters) - As growing numbers of shoppers move online, European mall owners are looking to pull in customers by including services that can't be replicated on the Web like hospital care and government offices.</p> <p>Malls must become more like full-service community centres to survive in the face of a growing list of failed retailers like HMV and Blockbuster, property experts at the annual MIPIM trade fair in Cannes, France, told Reuters.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130317/malls-must-move-beyond-shopping-survive-internet-era" target="_blank">read more</a></p> Business Kent Retailing Shopping mall Technology Thomson Reuters Sun, 17 Mar 2013 10:30:04 +0000 Thomson Reuters 5785880 at http://www.globalpost.com retail sales-February http://www.globalpost.com/dispatch/news/yonhap-news-agency/130320/retail-sales-february <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Yonhap News Agency </div> </div> </div> <!--paging_filter--><p>SEOUL, March 21 (Yonhap) -- Sales at South Korea's major discount outlet chains and department stores grew from a year earlier last month mostly because of holiday shopping around Lunar New Year's Day, the government said Thursday.</p> <p>The combined sales of the country's three major discount outlet chains rose 8.9 percent from the same period last year in February, making a significant turnaround from a 24.6 on-year drop in the previous month, according to the Ministry of Knowledge Economy. The three outlet chains are Lotte Mart, E-Mart and Homeplus.</p> <p><a href="http://www.globalpost.com/dispatch/news/yonhap-news-agency/130320/retail-sales-february" target="_blank">read more</a></p> Department store Retailing Shinsegae Yonhap News Agency Wed, 20 Mar 2013 21:16:54 +0000 Yonhap News Agency 5789236 at http://www.globalpost.com retailers-Q2 biz sentiment http://www.globalpost.com/dispatch/news/yonhap-news-agency/130325/retailers-q2-biz-sentiment <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Yonhap News Agency </div> </div> </div> <!--paging_filter--><p>By Nam Kwang-sik</p> <p>SEOUL, March 26 (Yonhap) -- South Korean retailers forecast that their business conditions will slightly improve in the second quarter of the year thanks to their aggressive marketing activities, a poll showed Tuesday.</p> <p>The Korean Chamber of Commerce and Industry (KCCI) said that its retail business survey index rose to 98 for the April-June period from 87 for the first quarter of this year, nearing the benchmark level. The index was obtained from the survey of 943 local retailers by the KCCI in early-mid March.</p> <p><a href="http://www.globalpost.com/dispatch/news/yonhap-news-agency/130325/retailers-q2-biz-sentiment" target="_blank">read more</a></p> Online shopping malls Retail Retailing Yonhap News Agency Tue, 26 Mar 2013 02:15:57 +0000 Yonhap News Agency 5793794 at http://www.globalpost.com French retailer Auchan plans 60 stores in India http://www.globalpost.com/dispatch/news/afp/130403/french-retailer-auchan-plans-60-stores-india <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>French retailer Auchan, one of the world's biggest hypermarket chains, aims to set up 60 stores in India to tap the emerging market nation's growing retail potential, an Indian minister said.</p> <p>Last year, India's Congress-led government relaxed legislation to allow foreign retailers such as US supermarket giant WalMart to set up shop in India and sell directly to Indian consumers to boost investment from abroad.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130403/french-retailer-auchan-plans-60-stores-india" target="_blank">read more</a></p> Economy of France India Marketing Retailing Technology AFP Wed, 03 Apr 2013 22:15:40 +0000 Agence France-Presse 5801208 at http://www.globalpost.com Fashion retailers vying to attract customers http://www.globalpost.com/dispatch/news/asianet/130412/fashion-retailers-vying-attract-customers <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Asianet </div> </div> </div> <!--paging_filter--><p></p><P> Fashion retail outlets, department stores and online shopping malls are struggling to attract female customers as they are tightening their purse strings amid the prolonged economic slump.</p> <p><a href="http://www.globalpost.com/dispatch/news/asianet/130412/fashion-retailers-vying-attract-customers" target="_blank">read more</a></p> Electronic commerce Retail Retailing Technology Asianet Fri, 12 Apr 2013 15:47:49 +0000 Asianet 5813476 at http://www.globalpost.com Tesco's South Korean crown jewel flawed by new regulations http://www.globalpost.com/dispatch/news/thomson-reuters/130414/tescos-south-korean-crown-jewel-flawed-new-regulations <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Joyce Lee</p> <p>SEOUL (Reuters) - Tesco Plc &lt;TSCO.L&gt; finally managed to open a near-3,000 sq metre super store in South Korea, its largest market outside Britain, after a seven-month delay by agreeing not to stock 15 items including radishes, mangoes and some cuts of local beef.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130414/tescos-south-korean-crown-jewel-flawed-new-regulations" target="_blank">read more</a></p> Business Economy of the United States Marketing Retailing Thomson Reuters Sun, 14 Apr 2013 22:15:03 +0000 Thomson Reuters 5815546 at http://www.globalpost.com Tesco faces battle to sell unwanted real estate http://www.globalpost.com/dispatch/news/thomson-reuters/130417/tesco-faces-battle-sell-unwanted-real-estate <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Tom Bill</p> <p>LONDON (Reuters) - Britain's sluggish economy and the growth of online shopping has killed the space race among British supermarkets, leaving Tesco sitting on over 100 unwanted sites it could take a long time to sell, property experts said.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130417/tesco-faces-battle-sell-unwanted-real-estate" target="_blank">read more</a></p> Business Economy of the United Kingdom Retailing Social Issues United Kingdom Thomson Reuters Wed, 17 Apr 2013 15:00:08 +0000 Thomson Reuters 5818387 at http://www.globalpost.com Debenhams defends price discounts as profit falls http://www.globalpost.com/dispatch/news/thomson-reuters/130418/debenhams-first-half-profit-falls-5-percent <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By James Davey</p> <p>LONDON (Reuters) - Britain's Debenhams &lt;DEB.L&gt; defended its strategy of promotional discounts, criticised by analysts as being too aggressive, after it posted an expected 5-percent fall in first-half profit.</p> <p>Britain's second largest department store group, whose shares have fallen 15 percent following a profit warning in March, blamed snow in January for a drop in sales that it failed to recover fully in February despite additional promotions and discounts.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130418/debenhams-first-half-profit-falls-5-percent" target="_blank">read more</a></p> Business Currency Department store Retailing Thomson Reuters Thu, 18 Apr 2013 06:45:17 +0000 Thomson Reuters 5819027 at http://www.globalpost.com Cold weather hurts British retail sales http://www.globalpost.com/dispatch/news/thomson-reuters/130418/cold-weather-hurts-retail-sales-march <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By David Milliken and Olesya Dmitracova</p> <p>LONDON (Reuters) - Unusually cold weather hurt British retail sales in March, but the fall was small enough to leave the possibility that the economy as a whole avoided shrinking in the first three months of the year.</p> <p>Retail sales volumes slipped 0.7 percent on the month after strong growth in February to stand 0.5 percent lower on the year, the Office for National Statistics said on Thursday.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130418/cold-weather-hurts-retail-sales-march" target="_blank">read more</a></p> Business Department store retail Retailing Thomson Reuters Thu, 18 Apr 2013 09:00:28 +0000 Thomson Reuters 5819105 at http://www.globalpost.com