Global retailing news

28 October 2016
Big C’s new strategy of focusing on the quality of sales is showing evidence of progress. Focusing on quality of sales and margin Big C’s total revenue for the quarter reached Bht25.9bn (US$739m), a decline of 18.3% over the same period last year. This decrease was driven by a retail sales decline of 20.0%, due to negative like-for-like of 22.6% for Q3. Meanwhile, its total expenses decre...
28 October 2016
South Korean conglomerate Lotte Group is going to launch its online shopping website in Vietnam, taking on an ecommerce market considered to have great potential for growth. Aim to take up one fifth of the market share The ecommerce site Lotte.vn will offer goods and services, drawing on the retail network of Lotte Department Store, Lotte Mart, Lotte Home Shopping and L.POINT, which opened ea...
28 October 2016
We review the retailer’s third quarter results as it gets set to grow its grocery-focused operations. Sixth consecutive quarter of profit growth Amazon’s third quarter sales increased by 29.0% to $32.7bn, with net income rising to $252m from $79m in Q3 last year. This was the sixth consecutive quarter of profit growth for the retailer, although it was below the $857m recorded in Q2, and beh...
27 October 2016
On our trips to France this year, we have seen how organic (Bio) ranges are gaining popularity. Taking centre-stage in the store Organic products are becoming more prominent in large and small formats. In Carrefour and Géant hypermarkets, we saw extensive organic sections in fresh produce and ambient grocery. Both retailers are devoting more space to the ranges, and merchandising prod...
27 October 2016
We look at what's been happening at Carrefour, Walmart, Tesco and Metro during the third quarter of 2016. Carrefour: e-commerce, private label Carrefour reported Q3 sales of EUR21.8bn, up 3.6% excluding petrol. International sales were up 4.5% on a like-for-like basis Carrefour Taiwan launched a digital voucher service called Carrefour Ticket Xpress and updated its mobile app ...
27 October 2016
India’s retail conglomerate Future Group is looking to form a strategic partnership with the world’s largest consumer goods company Procter & Gamble (P&G). Closer tie between the retailer and manufacturer The partnership between the two companies involves joint sales forecasting and planning, exclusive product releases, embedding senior executives at each other’s headquarters and even suppl...
26 October 2016
Walmex and Soriana have released results for the third quarter of 2016. Walmex's net sales were up 10.8% against the same period in 2015, while Soriana's increased by 39.5%. Operating income grew by 13.3% for Walmex and 87.4% for Soriana. Walmex and Soriana: Q3 compared Source: Walmex, Soriana Same store sales growth boosts performance Both retailers said same store sales grow...
26 October 2016
Coles has released Q1 sales for FY17, with total sales declining 0.3% to AU$9,399m, however food and liquor sales continued to grow, with convenience causing a drag on total performance. Food and Liquor sales up 2.9% to AU$7,850m LFL sales grew 1.8% in the quarter, marking a considerable slowdown from the 4.9% and 2.8% recorded in Q3 and Q4 of FY16, respectively. Despite the slowdown, Coles...
26 October 2016
As Singles' Day approaches, ecommerce giants in China, Alibaba and JD.com are gearing up for the biggest online shopping day globally, which brought in billions of dollars last year. Alibaba: more opportunities to engage shoppers globally Alibaba has extended the 24-hour event to a 24-day online sales extravaganza, running from October 21 to November 13. Alibaba has also revealed its m...
25 October 2016
In this update, we look at what happened at retailers across the region in the third quarter of 2016, including who's winning, the hotspots for expansion, and who's being most innovative in-store. Retailer results: who's winning Internationally, net sales declined for Walmart in Q2 of fiscal 2017. Walmex reported strong momentum across all formats, divisions and countries, while co...