Online news

 

07 May 2020
South Korea’s leading ecommerce company launched same-day fresh grocery delivery service in April, setting a new benchmark for speedy home delivery in the country. Large range and competitive price The service allows customers to order fresh food items before 10am and have them delivered by 6pm on the same day. It is available to subscribers of Rocket Wow Club, Coupang’s membership program....
07 May 2020
Ahold Delhaize has reported that its 2020 Q1 net sales increased by 12.7% at constant exchange rates to €18.2 bn. The retailer acknowledged impact of COVID-19, with Group comparable sales being ‘favourably impacted by 26.9% growth in March’ .  USA: Q1 +13.7%; comparable sales in March +33.8% Performance was driven by comparative % in March due primarily to COVID-19’ . Europe: Q1 +9.8%; ...
06 May 2020
In its move to rapidly scale-up home delivery from its network of SPAR convenience stores, AF Blakemore has launched a dedicated ordering website ( www.afbspar.co.uk ) to offer shoppers an assortment of 1,100 products from a wide range of food and drink categories. Initial 13 store coverage to be expanded to 80, delivery charged at £3 The service is already operational with an initial tranche...
06 May 2020
JD.com’s Big Data Research Institute has published data showing how the pandemic led to clear shifts in consumption during different phases of the outbreak. Changes in consumption over recent months JD.com’s data shows how the pandemic has impacted on shopping behaviour: January: explosive demand for food and disinfectant (data from 24 January to 31 January) Sales of fresh ...
06 May 2020
Tencent’s multi-purpose social app WeChat launches Retail Growth Plan to boost the retail recovery in China. Based on recent services launched by WeChat The plan is intended to help global businesses and brands to strengthen their understanding and use of WeChat’s tools and functions. It utilises several recently launched services, including: WeChat Live for businesses: allowing b...
06 May 2020
Yonghui has posted another strong set of annual results, with total revenue increasing 20.4% to CNY84.8bn (US$11.9bn) for the year ending 31 December 2019. National coverage of China Despite increasing competition and the market’s slowdown in growth, Yonghui continues to be the fastest growing bricks-and-mortar retailer in China. To maintain growth, it continues to develop innovative format...
06 May 2020
Ocado has announced its trading update for Q2 and business response to coronavirus (COVID-19). In Q2, retail revenue was up 40.4% year-on-year (YoY), compared to 10.3% YoY growth in Q1. Impacts of COVID-19 Following significantly increased demand at the start of the outbreak, Ocado announced the number of items per basket appears to have passed its peak, whilst remaining high. The share of ...
06 May 2020
We share the latest news from Denmark as the country’s leading retailers report their 2019 results. Salling Group 2019 revenue: +1.5% to DKK56.7bn (USD $8.57 bn) Salling Group has recorded ‘the second-best results in the company’s history’, with revenue increasing by 1.5% to DKK56.7 bn (USD $8.57 bn). Profit ‘including income from the sale of Netto Sweden’ reached DKK2.4bn (USD $363m). E...
05 May 2020
New locations, beyond BP stores, extend the service to more customers. Additional locations added M&S has extended the list of stores offering deliveries through third party Deliveroo. This service is now available from 142 M&S stores across the country. Over 100 BP forecourts with M&S franchises began offering online deliveries through Deliveroo at the end of March ( read more here ). W...
05 May 2020
The Chinese technology conglomerate launched Xiao’e Pinpin, a mini program for social commerce on WeChat on 29 April. “ Nothing beats than a great purchase ” Tencent’s Xiao’e Pinpin is a group purchasing platform. It was launched with the slogan “Nothing beats than a great purchase”. Supported by Tencent’s WeChat ecosystem, the app has the potential to reach 1.1 billion users of different s...