Global retailing news

03 October 2016
One of India's leading retailer's, Aditya Birla, has appointed Mohit Kampani as its new CEO. New CEO moving from Spencers Retail Mohit Kampani is the former managing director of competitor Spencers Retail and will become CEO from 3 October 2016. Kampani will replace the existing CEO Vishak Kumar, who will move to become the CEO of Aditya Birla Fashion and Retail. Kampani will overse...
30 September 2016
We review Costco’s fourth quarter and full year performance and its plans for the year ahead, including two new market entries. Full year revenue rises to $116.1bn Costco delivered a solid performance in the fourth quarter, broadly in line with Q3. In Q4, net sales increased by 2.1% to $35.7bn, with comparable store sales (excluding fuel and currency impacts) up 3%. As has been the trend f...
29 September 2016
Japanese department store operator Isetan Mitsukoshi is looking to set up a mail-order food sales joint venture with vegetable delivery specialist Oisix. Joint venture with mutual benefits Isetan Mitsukoshi will spin off its food service's mail-order food sales department to create the venture. Isetan Mitsukoshi will likely take a 51% stake, with Oisix holding 49%. The new company will o...
29 September 2016
Walmart is said to be in advanced discussions to invest US$1b in e-commerce operator Flipkart, a move aimed at taking on their common rival Amazon in India. Forge alliance to compete with Amazon in India Flipkart, which is valued around US$15b, is the largest online retailer in India and it sells everything ranging from electronics to apparel to housewares online. An investment from Walmart...
29 September 2016
We round up the results from Turkish retailers for the first half of 2016, including performance and highlights from BIM, Migros, Bizim Toptan, Adese and Uyum. Despite the continued growth of most retailers, some face profitability challenges. Migros growth overtakes BIM... In 2015, BIM grew faster than Migros; although for the first half of 2016, performance tells a different story: I...
27 September 2016
Hot on the heels of Cdiscount's new alliance with Groupe Conforama, Auchan Retail has announced a non-food buying agreement with Boulanger. Covers branded products in France Despite the name, which means baker, Boulanger is a multimedia and home appliances retailer with 130 stores in France. The partnership will cover negotiations for the purchase of national and international brands for ho...
22 September 2016
The Philippines’ leading supermarket chain Puregold is strengthening its presence in the Visayas and Mindanao provinces amid steady double-digit growth in sales. Steady expansion to drive sustained growth Antonio delos Santos, Puregold vice president for operations said that the expansion is in line with the company’s annual 25-store expansions annually and a double-digit growth of between ...
22 September 2016
Indian retail giant Future Group has bought Sangam Direct, a retail store chain from Wadhawan Retail, further consolidating its position as the country's largest grocer. 30 stores added to its northern Indian network Sangam Direct, which operates over 30 stores across Delhi and Bengaluru, was started by Hindustan Unilever in 2001 as its online groceries delivery platform and later acquired ...
22 September 2016
Japanese retail giant Seven & i Holdings plans to expand in the US market significantly, increasing its store number from 8,500 to 20,000. Store network expansion and LFL sales uplift Seven & i Holdings took full control of the brand’s operation in the US and Canada 7-Eleven Inc in 2005. The US business is now prepared to expand its network after introducing Japanese-style product developme...
22 September 2016
Ahead of the opening of its Paris store in 2018, Eataly's founder Oscar Farinetti has outlined plans for the Italian chain in an interview with French trade magazine LSA. Store will have the soul of Eataly with a Parisian flavour Eataly's first outlet in France will be a 4,000 sq. m outlet, run with the support of department store chain Galeries Lafayette. It will follow the food-first p...