AUSTRIA: TENGELMANN/LOWA SELLS MAGNET STORES
Article Abstract:
Lowa, the Austrian subsidiary of German retail group Tengelmann, has announced the style of its 17 Magnet stores to Adeg. The Austrian Magnet stores reportedly posted a turnover increase of 27% in the past year. Lowa will focus only Zielpunkt discount stores in the future. Also the Lowa supermarkets are to be converted. By summer 2000, all 283 Zielpunkt outlets are to be converted to a new concept. With these measures, Lowa aims to be back in the black in 2001. German Tengelmann group slid into the red in recent years
Publication Name: Presse
Subject: Business, international
ISSN:
Year: 2000
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FRANCE: ITM SELLS PROCOMARCHE OUTLETS
Article Abstract:
Intermarche (ITM) has decided to sell its 16 Cash and Carry outlets operated by the French company, Procomarche, which has never reached the necessary size to compete against the likes of Metro and Promocash. ITM Entreprise could take the majority of Procomarche outlets. Meanwhile, Intermarche has recently sold its Procomarche shop in Charleville-Mezieres, to its rival, Promocash (Carrefour group).
Publication Name: Points de Vente
Subject: Business, international
ISSN: 0150-1844
Year: 2000
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FRANCE: AUCHAN'S PROJECTS
Article Abstract:
In an interview, Francis Cordelette, the managing director of Auchan, the French retail group, said that Auchan's principal objective is to become the best brand of hypermarkets in France. It has established three paths to achieve this goal. The first involves the construction of a big brand which is strong and motivating for its clients. At present a team of 120 people are revising the quality of all the Auchan products, and thinking over the launch of non-food products. The second pathway concerns the motivation and professionalism of teams through the decentralisation of decisions, the sharing of results, and a new organisation in stores and in purchasing groups with the creation of market heads, market directors, and category managers. The purpose of the third pathway is to lower operating costs through a new logistics organisation which while also makes it possible to reduce in-store stocks and to make all hypermarket formats successful. Auchan's three concepts - Cave d'Auchan, Halles d'Auchan, and Auchan Express are still being perfected. Their large-scale development is not scheduled for the next there years. However, after satisfactory tests, the concepts are to be developed at the national level. Concerning the Internet, the group is betting more on 'business to business' through exchanges with its suppliers than on 'business to consumer' through electronic sales. After focusing on organic products, Auchan is undertaking sustainable agriculture, a sector for which the group expects to publish documents and norms. On the international level, Auchan favours countries where the small-scale facilities are rudimentary. It is creating new stores in these countries for a cost which represents 25% of the stores' turnover compared with 35% in France.
Publication Name: Points de Vente
Subject: Business, international
ISSN: 0150-1844
Year: 2000
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