Global retailing news

We review the latest news from Sweden including Paradiset's expansion plans and Coop Sverige's urban gardens pilot. Paradiset targets 16 store openings Organic chain Paradiset is targeting the launch of 16 stores within the next five years, with its next store due to open in the Sickla shopping centre in Nacka. The retailer also hopes to offer an online service in 2017. Sweden is t...

Hero's result for the third quarter of 2016 sees sales in the food operations impacted by both negative like-for-like sales and store closures while profitability has been improved. Fresh sales positive Improving fresh produce has been a focus of the retailer's food business and the fresh categories reported positive sales despite the decline in other categories. The retailer is taking act...

Japanese leading retailer Aeon has seen its revenue edge up 0.9% to JPY 4,112bn (US$39.2bn), for the six months ended 31 August, while its operating profit improves slightly by 0.1% to JPY72.4bn(US$0.69bn). Performances vary by format Aeon’s convenience store business records that its operating income has increased by 6.1% on operating revenues of JPY190.6bn (US$1.8bn), up 7% year on year f...

Sheng Siong reports a 1.2 per cent increase in revenue for the third quarter to SGD202m (US$145m). Sales driven by the new stores Of the 1.2 per cent revenue increase, 5.3% was contributed by the new stores, but was offset by the temporary closure of the Loyang Point store and a contraction in like-for-like sales of 1.15%. Excluding the Loyang Point store, revenue would have grown by 4.15% ...

According to a local newspaper, Aldi S üd is planning to enter the Italian market in summer 2017 with an investment of €200m. First store in Trento Italy will be Aldi S ü d's tenth market across the globe, and an addition to the significant European presence it currently has. Aldi is focusing its market entrance on the north of Italy, with the city of Trento as its first store locatio...

Supported by Q3 results, MPPA returned to a net profit of IDR32.6bn (US$2.5m) for the first nine months in 2016. The retailer will continue to renovate its existing stores and roll out new formats. Like-for-like sales decline Like-for-like growth for YTD 2016 and Q3 2016 decreased by 2.9% and 8.9% respectively. This was mostly due to the seasonal shift of Lebaran from third quarter to secon...

Whitey Basson, South Africa-based Shoprite’s chief executive, has announced his retirement. Basson has been with Shoprite for nearly 45 years, overseeing the expansion of the business from an eight store chain to one operating nearly 2,000 stores in 15 countries. Basson drove Shoprite’s expansion As part of its statement announcing Basson’s retirement, Shoprite’s chairman, Christo Wiese, s...

Walmart is launching several new service-led initiatives to improve the in-store experience for its shoppers this holiday season. Switch to service initiatives as business performance improves Walmart is intending to ramp up its customer-service focused initiatives for the holidays. This aligns its strategic goal to make every day easier for families, with the checkout process being a key...

Woolworths in Australia has launched a range of new 'phantom brands', exclusive to the retailer, but without any Woolworths branding. Brands stretch across numerous categories Woolworths has developed the new brands using customer insights and said that some customers preferred to not have the retailer brand on the products they bought. A whole range of new products have started appearin...

Woolworths has released its Q1 2017 results, with sales growing 1.0% to AU$15,333m and an improving picture in its Australian food operations. Australian food sales up 1.7% to AU$9,321m Woolworths food operations have recorded a resurgence in performance, with LFL sales growing 0.7% in the quarter. This is a considerable improvement when you consider that Woolworths' food division didn't...