Global retailing news

21 December 2016
IGD attended the launch of Carrefour’s new Market concept in Madrid to see how the retailer is evolving the format. The store follows the recent opening of several premium Express stores in the city and a Mercado gourmet area at its Alcobendas flagship hypermarket . The remodeled store, located in the affluent Salamanca district, has a sales area of 1,750 sq. m. and sells 12,000 products, 5...
21 December 2016
Mercator has revealed its business plan for 2017, targeting revenue of €2.4bn, less than the €2.6bn of anticipated revenue this year, with the decline attributed to an increased focus on core retail. During 2016, Mercator has divested some non-food areas of its business, including Intersport. As part of its 2017 plans, investment is set to double to €68.5m. 2017 investment doubles, focus on...
20 December 2016
Europe’s largest buying alliance, EMD, has announced that Germany-based Globus will incorporate the total volume for the eastern European locations in Russia and Czech Republic into the EMD agreements. EMD also said that purchase and marketing volumes in Globus’s Germany-based hypermarkets will also be integrated into EMD agreements. Incorporation grows EMD’s reach The addition of Globus to...
20 December 2016
Japanese convenience store chain Lawson and electronics maker Panasonic have developed an automated system for scanning and bagging purchases and it eliminates the need for a human cashier. The new system is being tested at Lawson’s at Osaka store. Automatic checkout and packing Panasonic’s robotic system, which was demonstrated in Osaka on Monday, uses a computerised basket to detect the g...
20 December 2016
IGD visited Carrefour’s Christmas pop-up store opened in Central Madrid. The outlet was launched on 7 December in the fashionable Malasaña neighbourhood and remained open until 20 December. The store sells a range of household, textile and organic products largely aimed at Christmas from Carrefour’s Home, Tex and Bio private ranges. The store is open from 10:00 to 21:00, Monday to Sund...
19 December 2016
7-Eleven Thailand will work with Thai bank CIMB and open between 20 and 30 sub-branches inside its stores next year. Banks offering a wide range of services in-store All the new branches will be located in the broader Metropolitan Bangkok area. The bank opened the Sitabutr sub-branch at the second 7-Eleven store. It is intended to provide services to retail customers in the dense market, s...
16 December 2016
Jiajiayue Group, SPAR International’s first retail partner in China since 2004, has launched an initial public offering (IPO) on the Shanghai Stock Exchange. Jiajiayue Group Jiajiayue was the first Spar partner in China and opened its first store in 2005 in the city of Weihai, north east China. The group is involved in food processing, wholesale of agricultural products and international t...
15 December 2016
German retail conglomerate Metro Group reports that it has successfully continued its transformation in financial year 2015/16 and met its sales and earnings targets, as the company posts better than expected fourth-quarter results ahead of splitting itself in two next year. Group sales edge up while profit sees steady growth For the year, underlying operating profit was up 3.2% to €1.56...
15 December 2016
Southeast Asia’s largest ecommerce site Lazada is rolling out a series of initiatives to expand its capacity in the region, with help from online grocer RedMart that it recently acquired. Successful 12.12 sales event Lazada Group’s Online Revolution, also known as 12.12, has again proven to be the biggest online shopping event in Southeast Asia, ringing up US$40.5 million in sales. With ...
14 December 2016
India’s largest ecommerce company Flipkart plans to launch its first private label range and it looks to introduce a discount pricing model for consumers buying multiple items. Flipkart Smart Buy private label range Flipkart has launched its first private label range under a brand name Flipkart Smart Buy, as part of a push to improve margins. The new range will include 25-30 categories in e...