http://www.planetretail.net The Daily News provides a round-up of the most important news in the global retailing sector on a daily basis sourced from a comprehensive range of newspapers and trade publications from around the world. Designed to provide regular coverage of events shaping the global retailing sector, the news includes stories on mergers and acquisitions, financial results, store openings, business development strategy, country retail developments and much more. Copyright Planet Retail Ltd 2008. All Rights Reserved. 20 http://www.planetretail.net/NewsFeed/Rss/Images/PlanetRetail_logo100x30.gif http://www.planetretail.net K Raheja Corp-owned Shoppers’ Stop has quadrupled its net profit for the first quarter to 30 June 2010, owing to higher consumer demand. Net profit soared to INR10 crore (USD2.14 million) from INR2.5 crore (USD530,000) during the corresponding period of 2009. http://www.planetretail.net/dailynews.aspx#60885 http://www.planetretail.net/dailynews.aspx?GID=0035d897-3bba-4640-9753-20d7a76123c8 Ruddick Corporation has reported that its supermarket chain Harris Teeter saw sales increase by 5.7% to USD1.02 billion in the third quarter of fiscal 2010. http://www.planetretail.net/dailynews.aspx#60872 http://www.planetretail.net/dailynews.aspx?GID=7f8bc3ba-2b01-439a-b108-9b5ec3f7b701 Sally Beauty has reported consolidated net sales for the fiscal 2010 third quarter rose 10.3% to USD743.0 million, with same store sales gaining 4.6%. Net earnings grew 30.6% to reach USD41.1 million. http://www.planetretail.net/dailynews.aspx#60890 http://www.planetretail.net/dailynews.aspx?GID=68375071-ca74-4305-85bb-5f75e1de351d DSGi (to be renamed Dixons Retail subject to shareholder approval) has announced the introduction of a new range of electronics private labels to be made available within PC World and Currys in the UK from next month. http://www.planetretail.net/dailynews.aspx#60892 http://www.planetretail.net/dailynews.aspx?GID=dbdbae20-9436-4a28-b94c-232ff1ec724b Consumer electronics giant Best Buy in the US has formed an agreement with Clearwire Corp to launch its own wireless services. Under the new deal, Best Buy will offer a new 4G option for its recently launched Best Buy Connect broadband service, starting 2011. http://www.planetretail.net/dailynews.aspx#60878 http://www.planetretail.net/dailynews.aspx?GID=3de3d923-6122-4826-8ea8-6f39f0283d53 Domino's Pizza in the UK and the Republic of Ireland reports profit before taxation grew to GBP17 million (USD25 million) in the first half of 2010, from GBP13.1 million (USD20.4 million) last year. http://www.planetretail.net/dailynews.aspx#60869 http://www.planetretail.net/dailynews.aspx?GID=ea4b01ed-7788-4aa7-b788-25a1e2180871 US-based privately-held global hospitality and travel company Carlson has acquired the remaining 60% stake in TGI Friday's UK Holdings from AAC Capital Partners. http://www.planetretail.net/dailynews.aspx#60870 http://www.planetretail.net/dailynews.aspx?GID=37a00b60-396b-445e-ab82-221b300f9b5f Research agency The NPD Group reported that while quick and full service restaurant units in the US have declined 1%, for a loss of 5,204 restaurants, the number of fast casual restaurants has increased 1.8%. http://www.planetretail.net/dailynews.aspx#60871 http://www.planetretail.net/dailynews.aspx?GID=30299ddd-39ba-4a50-94f0-245766c06657 French luxury goods and retail company PPR, owner of entertainment and electronics retailer Fnac, household goods retailer Conforama and mail order specialist Redcats, has announced financial results for the first half of 2010. http://www.planetretail.net/dailynews.aspx#60865 http://www.planetretail.net/dailynews.aspx?GID=6eb1dfd8-ea93-403e-85aa-497c16f04e03 O'Reilly Automotive has posted a 16% rise in net income to USD99.6 million for the second quarter. Sales rose by 10% to USD1.38 billion, while comparable store sales rose nearly 8%. http://www.planetretail.net/dailynews.aspx#60864 http://www.planetretail.net/dailynews.aspx?GID=6623b2ce-2e4f-4585-be1c-7281ac890fa3 According to reports in the local press, US-based craft and home décor retailer Michaels Stores will open the first store featuring a new design in Fort Lauderdale, Florida, on 15 August 2010. http://www.planetretail.net/dailynews.aspx#60863 http://www.planetretail.net/dailynews.aspx?GID=3c15123d-a1d1-43ce-b648-47285843d5a2 Ahold-owned grocery retailer Stop & Shop has installed solar panels on the roofs of eight stores, local press reported. The photovoltaic solar power panels were developed by Alteris Renewables. http://www.planetretail.net/dailynews.aspx#60882 http://www.planetretail.net/dailynews.aspx?GID=ae225986-87f7-431c-b6dc-fd0b164dfe98 AS Watson-owned UK drugstore chain Superdrug is to launch a TV advertising campaign for the first time in around 10 years in October, according to Retail Week. http://www.planetretail.net/dailynews.aspx#60876 http://www.planetretail.net/dailynews.aspx?GID=5e2fccda-222e-45fe-9b77-177330745fce Australian United Retailers’ CEO Peter Noble has resigned, marking the second executive exit from the first this year. AUR, which trades FoodWorks, saw Chief Financial Officer Wayne Vermeend resign in February. http://www.planetretail.net/dailynews.aspx#60880 http://www.planetretail.net/dailynews.aspx?GID=3a03eae2-ccb8-4a65-97a3-81af52a22f21 North German retailer Bünting is launching an economy private label named Jeden Tag (‘every day’) from this August. According to Lebensmittel Zeitung, the range is thought to comprise some 600 products by year end, and 800 by mid 2011. http://www.planetretail.net/dailynews.aspx#60884 http://www.planetretail.net/dailynews.aspx?GID=1f1b26cc-69da-40c3-a407-01997027d33a Casino-owned Guichard-Perrachon is to sell up to another EUR300 million (USD366.3 million) of assets by the end of the year. CEO Jean Charles Naouri said the move would put the company in a position to meet its previously stated goal for asset disposals this year. http://www.planetretail.net/dailynews.aspx#60883 http://www.planetretail.net/dailynews.aspx?GID=7120437c-cdde-41af-84af-dd919ebde300 Japanese drugstore chain cocokarafine is to make its entry into the Chinese market this weekend with the opening of a first store in Shanghai. The Nikkei reports the store will operate under cocokarafine’s subsidiary, Segami Medics Co and will be bannered ‘Segami’. http://www.planetretail.net/dailynews.aspx#60879 http://www.planetretail.net/dailynews.aspx?GID=aa13e43e-2c9e-4e17-b440-11a364015a29 Belgian retailer Colruyt has announced an 8.5% rise in its first quarter revenue to EUR1.8 billion (USD2.2 billion), attributed to an increase in customers and the positive influence of summer weather supporting the sale of fresh and barbeque-related produce. http://www.planetretail.net/dailynews.aspx#60868 http://www.planetretail.net/dailynews.aspx?GID=52a7058c-f6d8-4982-9ca6-1c2718e55d1b Barry Group, operator of the Costcutter franchise in the Republic of Ireland, has reported a 12% rise in pre-tax profits to more than EUR3 million (USD3.6 million) for the 12 months to the end of last year. http://www.planetretail.net/dailynews.aspx#60866 http://www.planetretail.net/dailynews.aspx?GID=ebffb729-0165-46fd-a8e0-2a30519cb2f4 Hong Kong-based pan Asian retailer Dairy Farm saw total sales rise by 13% to HKD4,300 million (USD552 million), for the six months ending 30 June 2010. http://www.planetretail.net/dailynews.aspx#60867 http://www.planetretail.net/dailynews.aspx?GID=0b3687e9-428e-439d-82fe-677b1bc2d8ab Dollar General has announced the opening of its 9,000th store in Fountain Run, Kentucky. This milestone further distinguishes Dollar General as the retailer with the largest number of company-owned stores in the United States. http://www.planetretail.net/dailynews.aspx#60873 http://www.planetretail.net/dailynews.aspx?GID=398f26fc-316c-480f-b7b7-704461445324 German grocer Edeka’s regional division Edeka Südwest (south west) is about to acquire the Saarland-based bakery chain Bäckerhaus Hans Ecker. According to Lebensmittel Zeitung, Bäckerhaus Hans Ecker operates around 40 bakeries, partly located in checkout zones of Edeka, Rewe, Globus and Schwarz Group’s Kaufland stores. http://www.planetretail.net/dailynews.aspx#60888 http://www.planetretail.net/dailynews.aspx?GID=c299b998-6f1a-42da-a7c6-6cc0cbaaafa8 UAE-based Emke Group has opened its second Lulu hypermarket in Kuwait. The 20,000 square metre store is spread across three floors at Al-Qurain Commercial city. http://www.planetretail.net/dailynews.aspx#60886 http://www.planetretail.net/dailynews.aspx?GID=be58bc58-4a84-4b22-a78e-33beeac5eda4 Pet care retailer Fressnapf is planning to open up to ten new stores in regional centres of Hungary this year, according to the latest reports from global real estate organisation Colliers International. http://www.planetretail.net/dailynews.aspx#60881 http://www.planetretail.net/dailynews.aspx?GID=82867955-91a6-4a19-807d-d303eca9a762 US-based retailer Ingles Markets has reported net sales rose 3.5% to USD856 million during Q3. Excluding gasoline - where retail prices were significantly higher in the June 2010 quarter compared with the June 2009 quarter - grocery segment comparable store sales increased 0.8%. http://www.planetretail.net/dailynews.aspx#60898 http://www.planetretail.net/dailynews.aspx?GID=7a638a1b-1865-4798-b124-220c47ba5b71 Online grocery delivery company Ocado is to host a meeting for leading unconnected analysts after facing a barrage of criticism in the run up to its float, Retail Week reported. http://www.planetretail.net/dailynews.aspx#60899 http://www.planetretail.net/dailynews.aspx?GID=22dd25ad-f93c-44ed-a23d-563ad2042ce4 John Lewis-owned grocery retailer Waitrose has launched an iPhone app and optimised its website for mobile phones as it seeks to widen the brand’s appeal, Retail Week reported. http://www.planetretail.net/dailynews.aspx#60900 http://www.planetretail.net/dailynews.aspx?GID=5aa91b7a-f455-4972-ab5e-89a470524278 Metro Group plans to outsource further parts of its IT and accounting to India and Eastern Europe, according to reports in Lebensmittel Zeitung. While retailers such as Tesco are developing and supporting their IT to a large extent from India, this offshoring is new to German retailers. http://www.planetretail.net/dailynews.aspx#60891 http://www.planetretail.net/dailynews.aspx?GID=c20b8393-75f4-4f37-b5d7-b519059a0263 French wine retailer Nicolas has appointed by Norbert Dentressangle Transport Services to provide a bespoke transport solution for its 80 UK retail outlets. http://www.planetretail.net/dailynews.aspx#60901 http://www.planetretail.net/dailynews.aspx?GID=c7729903-cac1-43a7-a3a9-1e7cf3489837 Office Depot has opened a new DC in Penn Township, Pennsylvania, where it deploys mobile robotic picking and sorting technology from automation technology provider Kiva. http://www.planetretail.net/dailynews.aspx#60893 http://www.planetretail.net/dailynews.aspx?GID=623f3975-05eb-44dc-8eba-d6991974ab44 Sears has announced that it is opening a ‘Now + Here’ department, a fast fashion destination for juniors and young men. According to Sears the department will carry a range of autumn trends called Battle Gear, Girly Grunge, Biker Chic and Sweet Dreams. http://www.planetretail.net/dailynews.aspx#60875 http://www.planetretail.net/dailynews.aspx?GID=c4e2209d-7d75-4586-bc40-d8ebc41bb67c US retailer Target will expand its instore full-service Bullseye Mobile centres this summer. The concessions, in partnership with RadioShack, are wireless shopping stations that enable Target guests to purchase mobile phones and activate contracts from three of the nation's top carriers. http://www.planetretail.net/dailynews.aspx#60894 http://www.planetretail.net/dailynews.aspx?GID=bcf92283-af06-4c2b-9808-44ccd2dc55a3 Noel Tata has resigned from his position as Managing Director for Tata’s Trent retail arm in order to become Managing Director of parent company Tata International. http://www.planetretail.net/dailynews.aspx#60887 http://www.planetretail.net/dailynews.aspx?GID=fd4dcfb4-f35f-43d3-9b92-3e1500fd2cdb UK grocery retailer Tesco has frozen its school uniform prices at last year’s levels in a bid to take on Marks & Spencer in the back to school clothing battle, Retail Week reported. http://www.planetretail.net/dailynews.aspx#60877 http://www.planetretail.net/dailynews.aspx?GID=cb69fbe0-c46b-4ff3-919e-87276fd2c1e4 US retailer The Pantry has announced a fuel supply agreement with Marathon Oil. Under the terms of the agreement, Marathon will supply fuel to more than 600 Pantry locations, with a joint branding relationship at approximately 285 of these sites. http://www.planetretail.net/dailynews.aspx#60874 http://www.planetretail.net/dailynews.aspx?GID=cee367c0-7aa0-49e3-8b4c-65ad4fab07e2