SAN FRANCISCO— Gap Inc. said its profit rose 10 percent in the second quarter as the clothing retailer cut expenses and managed to lift sales. The San Francisco- based company also said it plans to open Gap stores in India next year. The performance reflected a 5 percent decline at Gap, flat sales at Banana Republic, and growth of 4 percent at Old Navy.» Read More
TOKYO, June 5- Japan's SoftBank Corp is developing human-like robots which it will use to staff its cellphone stores, two people with knowledge of the matter said, in a move aimed at expanding the mobile phone and Internet conglomerate's technological reach.
May 28- Michael Kors Holdings Ltd, whose trendy clutch bags and watches have taken Wall Street by storm, said it expected the cost of opening new stores in Europe to depress gross margins in the next few quarters.
May 28- Michael Kors Holdings Ltd said it expects its current-quarter gross margins to be slightly lower than a year earlier due to the costs of opening new stores in Europe. The startup expenses, such as leasing costs, associated with its expansion in Europe would hurt its retail operating margins, Michael Kors said on a conference call.
*Tesco's 191 stores in Turkey see poor trading. *Turkey talks part of strategy to focus on Britain. ISTANBUL, May 27- UK- based retailer Tesco Plc has failed to reach a deal with unnamed third parties over its struggling business in Turkey, a new setback for Chief Executive Philip Clarke as he seeks to rein in global expansion to focus on reviving the business at home.
NEW BRUNSWICK, N.J., May 8- Barnes& Noble Inc is turning to its college roots to boost its top line.
*Uncertainty over India stance on foreign retailers. DUESSELDORF, May 5- German retailer Metro AG wants to step up expansion in India and is planning to have 50 wholesale stores in the country by 2020, up from 16 now, as part of a broader strategy for growth in emerging markets.
*Costa to open five new stores in France. LONDON, April 29- Britain's Whitbread beat forecasts with a 16.5 percent jump in full-year profit and said it would expand its Costa Coffee chain in France after a trial showed strong demand.
April 17- Home Depot Inc is putting a lid on new-store openings and focusing its expansion efforts on e-commerce, which presents some logistical challenges for a retailer that sells a lot of bulky materials, the Wall Street Journal reported.
PARIS/ BERLIN, April 11- Japanese casual wear chain Uniqlo opens its first store in Germany on Friday, as it accelerates expansion in Europe in a bid by its parent company Fast Retailing Co Ltd to become the world's top fashion retailer by 2020.. "We have big goals in Europe- we would like to have the same business in Europe as in the U.S."
*To open record 1,600 new 7- Eleven stores in Japan in 2014/ 15. TOKYO, April 3- Japan's Seven& I Holdings Co, the world's biggest convenience store operator, unveiled plans for a record pace of expansion at home, unfazed by a sales tax hike that threatens to damp consumer sentiment in the world's No.3 economy.
HELSINKI, April 1- Finnish retailer Stockmann is freezing plans to open more department stores in Russian cities due to the uncertainty caused by the Crimean crisis, the company's chief executive said on Tuesday. Expansion in Russia had been one of the firm's strengths over the past decade.
MADRID, March 19- Inditex, the world's biggest fashion retailer, will accelerate investment in 2014 to open more new stores after results last year were hit by falling currencies outside the euro zone and the cost of revamping flagship stores.