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CommentWire
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Retail giant Tesco aims to increase its store base in Turkey by nearly 50% in 2011, a significant rise in its rate of expansion. The move will help Tesco keep pace with its global competitors and capitalize on increasingly favorable market conditions, as well as open doors to potential entry into the Middle East and Africa, making Tesco a truly global retailer.
Published By Datamonitor
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23 Jun 2011 |
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CommentWire
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Rossmann, one of Europe's largest health and beauty retailers, has entered the Turkish market, opening two stores in the capital Ankara as part of a joint venture with local company PNR Group. The move is part of the retailer's strategy to enter less developed markets that offer strong expenditure growth, and will help to boost its surging international sales further.
Published By Datamonitor
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05 Aug 2010 |
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Expert View
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Cost-cutting measures helped German retail conglomerate Metro Group to achieve stable EBIT for the third quarter, despite a 4.6% drop in group sales to E15.6 billion caused primarily by declining food inflation and negative currency effects in Eastern Europe. While the rest of the year will remain challenging, growth in international markets will provide a further boost to sales.
Published By Datamonitor
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05 Nov 2009 |
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CommentWire
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The UK-based Kingfisher is set to introduce a franchise model as part of its long-term growth plans, which are to be announced in the first quarter of 2011. This initiative will enable Kingfisher to expand quickly, reduce the impact of difficult trading conditions in the UK and increase its hold over the European market.
Published By Datamonitor
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07 Oct 2010 |
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CommentWire
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Exel [EXL.L], the global supply chain management company, has been awarded a contract to provide a range of logistics services to Marks & Spencer's [MKS.L] childrenswear provider, The Zip Project. Fashion retailers are increasingly turning to logistics specialists like Exel to give them the competitive edge, by reducing costs and improving lead times.
Published By Datamonitor
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15 Dec 2003 |
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