More details on EDEKA/TENGELMANN/PLUS tie-up
In an interview with Frankfurter Allgemeine Sonntagszeitung, Edeka chairman & CEO Alfons Frenk has given more details on the far-reaching agreement between Edeka and Tengelmann signed last Friday that will see the two companies merge their Netto and Plus discount divisions in a 70/30 joint venture and Tengelmann's supermarket division switch to buying through Edeka, rather than the Markant buying group.
| read more 7-ELEVEN to add more stores in the Philippines
Philippine Seven has announced plans to open at least 200 additional 7-Eleven c-stores in the next three years as part of its efforts to expand the network through franchising.
| read more ASDA introduces new components to website
In the UK, Asda has introduced a couple of new components to its website, including a new section devoted to its spirits offer at www.asda-spirits.com.
| read more ASDA says George range "too young"
According to reports in the Sunday newspapers, Asda is to overhaul its George clothing range next year following concerns that the fashions have become too trendy and too young for the core audience.
| read more CARREFOUR rejects Mestdagh interest in Belgian stores
A Carrefour Belgium spokeswoman has said that the retailer has rejected an approach from its local partner Mestdagh to acqure some of its GB supermarkets which are threatened with closure.
| read more COUCHE-TARD interested in BP sites
Alimentation Couche-Tard stated at the end of last week that it could look to expand its presence in the USA by purchasing some of the 700 sites BP has said that it plans to sell over the next two years.
| read more EDEKA interest in Metro Extra stores
According to unconfirmed reports in the Sunday newspapers, German retailer Edeka has said that Metro's Extra supermarket chain, currently up for sale, is interesting, but that it has not made an offer yet.
| read more MARKANT loses Kaiser's/Tengelmann to EDEKA
As part of its agreement with Tengelmann that will see Tengelmann's Plus chain being integrated in a discount joint venture with Edeka's Netto operation, German market leader Edeka has also announced that Tengelmann's supermarket division Kaiser's/Tengelmann will source through Edeka rather than Markant going forward.
| read more EMPERIA acquires Skelpy Polka
In Poland, Emperia Holding has acquired the local neighbourhood store chain Sklepy Polka, which operates 70 stores in the Podlaskie and Swietokrzyskie regions (Eastern Poland).
| read more GLOBUS launches new umbrella private label
Hypermarket operator Globus in Germany has launched a new umbrella private label. The eponymous brand 'Globus' is to replace the retailer's previous category brands Excellent (foods), Rutan (pet food) and Natuvell (paper products).
| read more HARRIS TEETER appointments
In the USA, Harris Teeter has named Rodney "Rod" Antolock as executive vice president of operations and merchandising and Jerry Clontz as senior vice president of operations.
| read more HERITAGE FOODS to raise funds
Heritage Foods (HFIL) is planning to raise INR120 crore (USD25 million approx) by placing equity with qualified institutional buyers (QIB's). HFIL President Sambasiva Rao said, "We have chalked out an expansion programme involving an investment of INR120 crore (USD25 million) over the next 12 months for the three business verticals." The company is planning to increase its milk processing and packing capacity to 1 million litres from the existing 0.8 million litres and also introduce value added products at a cost of INR40 crore.
| read more LAWSON to hire 10 foreign graduates
Japanese c-store chain Lawson has announced plans to employ about 10 foreign students graduating next spring as regular members of staff and aims to hire more in the future.
| read more PANTALOON Home Solution Retail to break even this year
In India, Pantaloon Retail's Home Solutions Retail is expected to break-even this year. Pantaloon Retail (India) Managing Director - Kishore Biyani said, "Home solutions is looking at INR1,200 crore business and will most probably break even this year." Home Solutions Retail offers various formats including Furniture Bazaar, e-zone (electronics and consumer durables store), Electronics Bazaar, Home Town and Collection I stores.
| read more PANTALOON planning major expansion drive
At last week's annual shareholders meeting, officials at Indian group Pantaloon Retail outlined plans to invest about INR800 million (USD29.7 million) to have 10 to 11 million square feet of space for the year ending June from 6 million square feet at present.
| read more PATHMARK peps up its website
Pathmark in the US, which is due to be acquired by Tengelmann's A&P imminently, and Giant Foods of Canada, have agreed to enhance their websites with tools from software and content provider 'Grocery Shopping Network' (GSN)'.
| read more PRICE CHOPPER expansion plans in northeast USA
In the USA, Price Chopper has identified 30 sites in the Northeast for potential development over the next three to four years, according to CEO Neil Golub.
| read more PRICESMART opens third warehouse in Guatemala
PriceSmart has announced that it has successfully opened its third warehouse club in Guatemala City, Guatemala. This brings to 24 the number of warehouse clubs in operation for the company.
| read more RITE AID teams up with Wellpoint
US drugstore chain Rite Aid has teamed up with health benefits company Wellpoint to make health care more accessible to seniors and other Medicare eligible individuals during the Medicare open enrollment period.
| read more Interest in ROUNDY'S
Willis Stein & Partners, the private equity owner of Roundy's, has confirmed that multiple prospects are interested in purchasing the retail chain. Despite rumours circulating since March that Roundy's is for sale, this is the first time Willis Stein has confirmed that the company is officially up for grabs.
| read more Former KMART turned into brand new SEARS
A former Kmart in Atlanta, GA, has been transformed into a brand new Sears. The new store comprises "a one-of-a-kind shopping experience" that offers an expanded selection of merchandise including more national brands than ever before and a 2,150 square metre Lands' End shop featuring the largest selection of Lands' End merchandise ever at Sears.
| read more SEARS Canada extends lower prices programme
Sears Canada has extended its 'Stronger Dollar - Lower Prices' programme to its Sears Wish Book. "We know that Canadians await the arrival of the Sears Wish Book every year with great anticipation as they begin to shop for the Holiday season," said Dene Rogers, President and Chief Executive Officer, Sears Canada Inc.
| read more TESCO opens first stores in San Diego County
In the USA, Tesco has opened its first Fresh & Easy in San Diego County at Chula Vista and East H and Tierra del Rey. So far the stores have received a very positive response.
| read more TUS TRGOVINE extends network in Bosnia
TUS Trgovine owned Engrotus has opened in the city of Brcko in Bosnia and Herzegovina a 4,200 square metres shopping mall, with an investment worth EUR5 million (USD6.9 million).
| read more WAL-MART China reveals further details on Tianjin DC
Wal-Mart China has revealed further information on the reopening of its Tianjin distribution centre after relocation. Opened in 2003, the original Wal-Mart Tianjin distribution centre is the only DC serving Wal-Mart stores up north of the Yangtse River areas.
| read more X5 RETAIL chains under investigation in pricing probe
In Russia, the country's antitrust watchdog, the Federal Antimonopoly Service, has opened a probe into price collusion by two companies affiliated with X5 Retail, Perekrestok and Agroaspkect which controls the assets of Pyaterochka.
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