Global retailing news

15 November 2016
We visited Eataly’s second location in New York at Westfield World Trade Center (WTC) in the heart of the city’s financial district, to see how the retailer is evolving its unique global retail concept. Developing its North American network This new location has opened as part of the redevelopment of the World Trade Center in New York, which also includes the landmark Freedom Tower. The Wes...
14 November 2016
After generating RMB120.7bn (US$17.7bn) in gross merchandise volume (GMV) in just 24 hours, Alibaba’s 11.11 Global Shopping Festival in 2016 has strengthened its position as the world’s largest one-day online sale event. A new set of sale records The GMV figure represents a 32% increase in transactions that played out over Alibaba’s ecommerce platforms—mostly on B2C site Tmall.com and C2C m...
14 November 2016
Sun Art Retail, which operates Auchan and RT-Mart banners in China, has reported a revenue increase of 4.4% to CNY77.3bn (US$11.3bn) for the first three quarters of 2016. Scaling back on store expansion The retailer continues to open more stores even though the trading environment in China is getting increasingly tough for bricks-and-mortar retailers, but the speed is slowing down. As of t...
11 November 2016
Australian retailer Woolworths has opened the first of its “next generation” stores, featuring expanded fresh food sections and an increased health range. Focus on health and fresh The store reopened at Warringah Mall on Sydney’s Northern Beaches, after a multimillion-dollar upgrade, and it offers a more modern and convenient shopping experience. The supermarket says customers’ health wi...
10 November 2016
Lotte Shopping has reported a 2% increase in revenue to KRW7.9tn (US$6.9bn), while its operating profit has dropped to KRW175.56 billion won (US$153.3 m), down 10.1% from a year ago, in the three months ended September. C-stores thrive but hypermarkets suffer By business, Lotte’s hypermarkets operation has registered the biggest loss, with sales dropping 3%. it has reversed to a deficit of ...
10 November 2016
Japan’s convenience store operator Lawson will offer Chinese shoppers reward points via a mobile app, starting in December. Use mobile app to drive loyalty Lawson has launched its mobile app Lawson Diandian which offers coupons and latest in-store offers. As a further development of the app, Lawson will embed its loyalty reward system to the app. Each yuan spent is expected to earn ...
10 November 2016
Food: improvement in large format In its food division, sales in the hypermarket and supermarket operations showed some improvement for the period despite modest like-for-like sales growth being offset by some store closures. Slightly higher margins helped to produce an increased profit compared with the same period last year. In convenience, higher sales were seen in Hong Kong, Singapore a...
07 November 2016
Walmart has outlined a new roadmap for its sustainability and community agenda, including new commitments around sourcing and packaging. Aiming to become the most trusted retailer Speaking at the Net Impact Conference earlier this month, Walmart’s President and CEO, Doug McMillon, detailed several initiatives which are designed to help Walmart’s desire to become the most trusted retailer, a...
07 November 2016
Ahold Delhaize-owned chains in the Netherlands and the US have announced plans to expand their private label ranges in order to differentiate them from rivals. Albert Heijn adds exclusive Ron Blaauw range Albert Heijn has launched an exclusive range of ready to cook meals inspired by chef Ron Blaauw. The assortment includes meats and sauces and enables shoppers to prepare meals quickly and...
03 November 2016
Lazada, a leading Southeast Asian ecommerce platform backed by Alibaba Group, has confirmed to buy Singapore-based online grocer RedMart, expanding Alibaba's footprint in the region. If the rumors about Amazon's entrance to the region is true, Southeast Asia is going to the next battlefield for the two ecommerce giants. The transaction The transaction is expected to be completed this qu...