Global retailing news

28 November 2016
Lidl has opened its first pop-up restaurant in Spain. Located at the emblematic Capitol Cinemas in Central Madrid, the retailer opened the restaurant between 25 to 28 November, offering a menu created by Michelin star chef Sergi Arola using items from its ‘Deluxe’ range. Lidl gave premiere treatment to the event at the Capitol Cinemas on Madrid's iconic Gran Via. Source: IGD Resea...
28 November 2016
Asia’s largest convenience store network is committed to expand further in Malaysia through opening more stores and offering parcel locker services to facilitate delivery for online shopping. Sales growth instills confidence in expansion plans Group revenue for the third quarter has reached RM547.8m (US$23.31m), up 4.9% and it’s driven by new store opening, improved merchandise mix and con...
23 November 2016
Following recent reports that Aldi is preparing to launch in China, the discounter has now confirmed its market entry plans with local Chinese media. Launch in first half of 2017 Aldi is preparing to enter China as soon as next year, after years of detailed feasibility studies. During the first half of the year, the discounter will launch a transactional website 'selling a carefully se...
21 November 2016
India's largest online marketplace will launch a grocery offer in 2017. CEO expects online grocery to grow rapidly Flipkart's CEO, Binny Bansal, has confirmed that the company will test online grocery shopping next year, looking to scale up the operation over the next three years towards 2020. Bansal believes that although grocery is currently a small part of online sales in India, withi...
21 November 2016
After weeks of speculation on industry media, as well as Australian news, Schwartz Group's Kaufland has confirmed it is conducting a feasibility study in Australia. Kaufland have significant presence across Europe Schwatrz Group who operate both the Lidl and Kaufland banners, has for a number of years been linked to a market entry into Australia via its Lidl discount format, a logical decis...
18 November 2016
Central Group has revealed its expansion strategy to invest about US$30m in Vietnam over the next five years, doubling its network to around 70 by 2021. An investment spree Central has been on an acquisition spree to gain a strong foothold in Vietnam since 2013. Last year, Central Group acquired a 49 percent stake in major Vietnamese electronics retailer Nguyen Kim, which has a network of 2...
17 November 2016
We review Walmart’s third quarter results and how it's progressing against its strategic plan. Our take: ecommerce accelerating as Walmart takes a different approach to growth If I was to highlight one key takeaway from the results, it would be the acceleration in ecommerce growth to 20.6%, from 11.8% in Q2 and 7.0% in Q1. An element of this was expected as the retailer did benefit partiall...
17 November 2016
As UAE-based LuLu opens an export facility in the US, Qatar-based Al Meera announces the resignation of its chief executive and a new ecommerce retailer declares it will it open in 2017, we round up news from the region. LuLu opens export facility in US Through its wholly owned subsidiary Y International, LuLu has opened a food processing and logistics plant in New Jersey. The company said ...
17 November 2016
Ahold Delhaize has announced third quarter results saying pro forma net sales rose by 2.6%, 2.9% at constant exchange rates and by 3.3% excluding gas, to €14.5 bn. The retailer highlighted its on-going strong growth online, but noted how on-going deflation in the US had held back its overall performance in that market. Deflation overshadows growth in US Ahold Delhaize reported its US-based ...
15 November 2016
Japanese convenience store operator FamilyMart has opened its first store in Kuala Lumpur, Malaysia. 300 stores in five years FamilyMart has launched its first store in Malaysia as scheduled, through a licensing agreement with local food processor QL Resources, in a bid to tighten its grip on the growing Asian market. The store, located at Wisma Lim Foo Yong at Jalan Raja Chulan, ope...