Global retailing news

13 October 2016
WH Smith's financial results for the year ending 31 August 2016 show a positive overall performance, driven by the retailer's travel business. Total group sales up 3% Total sales at WH Smith rose 3% year-on-year to £1.212bn, with like-for-like sales for the group up 1%. The retailer's travel business has driven this performance, with total sales up 10% and like-for-like sales up 4%. By cont...
13 October 2016
France-based Casino said that in its third quarter total group sales rose 6.7%, to €10.4 bn, the quickest pace of growth in 13 quarters. Despite the positive headline the retailer saw total growth contract in its home market, by 1.1%, while organic growth was flat, underlining the challenging nature of retailing in France during 2016. Hypermarkets and supermarkets shine in France… Casino sa...
12 October 2016
Healthcare and beauty chain Watsons and Lazada Singapore have announced their partnership. 500 Watsons products sold on Lazada The partnership would make over 500 Watsons products available on Lazada. Formed in 2012, Lazada Singapore is Southeast Asia’s leading online shopping platform that features a wide range of products from electronics and household goods, to fashion apparel and sports...
12 October 2016
Seven & i Holdings and Japanese domestic retailer H2O Retailing have announced that they have entered a capital and business alliance, with the former struggling to improve its department store business in the sagging domestic market. Realign department store business Seven & i said it will sell three of its department stores, two Sogo department stores in Kobe, Hyogo Prefecture and a Seibu...
11 October 2016
Casino-owned, Brazil-based GPA has announced third quarter results saying consolidated total sales rose by 4.4% to BRL15.1 bn (US$4.7 bn), with its performance driven by its food businesses and its Assaí atacarejo fascia in particular. As in recent quarters the overall results were held back by weakness at its Cnova ecommerce division, but there was brighter news in its Via Varejo arm where sales...
11 October 2016
Based in Colombia, Grupo Éxito is now the centre of Casino's operations in Latin America. We look at what's driving growth for the retailer.   'Multilatina' position creates a strong group Since the restructuring in mid-2015, Grupo Éxito has become much stronger, calling itself 'multilatina' to show its wide capabilities and market coverage. We are already seeing results from the cha...
11 October 2016
With new space having been a key driver of sales growth over the last ten years, we look at the remodel plans which Walmart will be relying on to be its new growth engine. Planning on 59 new units in the US next year Walmart's recently detailed capital expenditure plans for 2017 reveal that new space growth is coming to a very sharp stop in the US. This is not surprising given that new spac...
06 October 2016
Walmart has increased its stake in JD.com from 5.9% to 10.8%. Strategic partnership expands Walmart’s opportunity in China’s ecommerce market Walmart formed a strategic partnership with JD.com in June, which saw it take a 5.9% stake in China’s second largest ecommerce operator as part of a wide range of business activities, covering online and offline retail. For Walmart, this alliance expa...
06 October 2016
As part of its annual strategic update, Walmart has outlined plans to accelerate its digital investments, which over time, will fundamentally change the nature of the company. Momentum in the core business enables an offensive strategy Having completed two major ecommerce related deals recently, including the acquisition of Jet.com and taking an increased stake in JD.com in China as part of...
06 October 2016
We round up the latest news from Denmark and Finland where Reitangruppen is re-branding  forecourts, Coop Danmark is promoting organic and S Group is enjoying growth in the sale of organic products. . Reitangruppen re-brands Uno-X forecourts Reitangruppen is to re-brand 87 of its 262 Uno-X petrol forecourt stores as Bonus. This will allow Reitangruppen to ‘create an environment where p...