Global retailing news

11 January 2017
Metro Group is off to a satisfactory start to the year, with Q1 sales hitting forecast at €17bn. Sales up 0.1% on a like-for-like basis For the first three months of the 2017 financial year, reported sales were down 0.6%, or -0.4% in constant currency terms. However, this was due in part to the sale of the Cash & Carry unit in Vietnam, meaning like-for-like sales were up 0.1%, hitting the...
09 January 2017
Vietnam’s largest retailer Saigon Co.op has launched a new retailer format Sense Market in HCM City, combining traditional food market with modern retailing. A new format combining modern and traditional trade The new Sense Market was developed by Saigon Co.op and Saigon Co.op Investment-Development Company and it explores a new way to approach modern retailing in a country, where the ...
05 January 2017
Australia's market leading grocer has sold its petrol operation to BP for AU$1.8bn (US$1.3bn). New deal will retain fuel vouchers and test new c-store partnership After months of speculation, Woolworths has confirmed that BP will acquire the 527 petrol stations and 16 sites under development from the retailer. The petrol sites that are currently supplied by Caltex Australia will gradually b...
05 January 2017
Chinese retailer Yonghui Superstores has announced that it has agreed to transfer all its shares in Shanghai-based Lianhua Supermarket to a fresh produce ecommerce operator Yiguo, in transactions worth HKD950m (US$122.4m). Disposing of unprofitable overlapping business Since becoming the second-largest shareholder of Lianhua in April 2015 with 21% of its shares, Yonghui has been involved in...
04 January 2017
Japanese retailer Aeon has forayed into the ecommerce competition in Vietnam, selling imported Japanese products through its online website. First launch in Ho Chi Minh City The new website, AeonEshop.com, is designed as a business to consumer (B2C) platform, with the majority of its products imported from Japan. Aeon’s private label brand Topvalu will also be available for shoppers on the ...
29 December 2016
With our team of analysts visiting over 20 countries in 2016, we’ve identified the top stores you should visit in the year ahead to see some of the key trends shaping format development in the sector. Here’s our final instalment of a three-part series. Click to view part 1 and part 2 . China: Easy Carrefour, Gonghe, Shanghai Carrefour China introduced Easy Carrefour, a new neighbourhood...
28 December 2016
With our team of analysts visiting over 20 countries in 2016, we’ve identified the top stores you should visit in the year ahead to see some of the key trends shaping format development in the sector: The development of new offers and services Investment in new channels  The re-purposing of space to ensure the future relevancy of existing stores Here’s our second insta...
27 December 2016
With our team of analysts visiting over 20 countries in 2016, we’ve identified the top stores you should visit in the year ahead to see some of the key trends shaping format development in the sector, including: The development of new offers and services Investment in new channels  The re-purposing of space to ensure the future relevancy of existing stores Here’s our first ins...
23 December 2016
Swedish market leader ICA has agreed to acquire Lithuanian grocery retailer IKI for €213m, making ICA’s Rimi Baltic fascia the second largest grocery retailer in Lithuania. The deal is subject to approval from local competition authorities and this is expected to be confirmed by Q4 2017. ICA had lowest share in largest Baltic market Commenting on the development, ICA CEO Per Strömberg said,...
22 December 2016
Irish wholesale retailer Musgrave, the company behind SuperValu and Centra, has struck a deal with the Alibaba Group to export products direct to consumers in China. Flagship SuperValu virtual storefront on Tmall Global Musgrave will open a flagship SuperValu e-commerce storefront on Tmall Global, making it the first Irish retailer with a presence there (UK retailers Sainsbury's and Waitr...