Global retailing news

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...
22 September 2016
Latest UN population forecasts show Latin America urbanising at a faster rate than anywhere else on earth, with 89% of the population set to live in urban areas by 2050. This is accelerating the focus on its cities, posing infrastructural challenges alongside expanded opportunities. What's a megacity and why is it important? Megacities, and others that are just below the megacity thresho...
21 September 2016
The Polish government is suspending its newly introduced retail tax, the country’s finance minister, Pawel Szalamacha, advised on September 20. Law only came into effect earlier this month Under the law, which only came into effect on September 1st this year, retailers in Poland would pay 0.8% on monthly revenues between PLN 17m (€3.85m) and PLN 170m (€38.55m) and 1.4% on sales exceeding...
20 September 2016
Walmart has completed the acquisition of Jet.com, in a deal initially announced in August, and is setting about to leverage its assets and capabilities. Provides Walmart with access to new shopper groups Acquiring Jet.com provides Walmart with the ability to reach new customer groups and to serve them in new ways. While Jet.com has been popular with urban millennials, through its focus on ...
20 September 2016
Tesco Lotus and Lazada are trying to get customers outside Bangkok to try out online shopping by introducing online shopping kiosks in some of their Express and Talad convenience stores outside the city. Strong online growth drives new development Tesco Lotus has just installed a bunch of Lazada kiosks in their Tesco Lotus Express and Talad shops and if successful, it plans to introduce the...
14 September 2016
Emart, South Korea's largest discount chain, has announced that it plans to tap into the Vietnamese market by investing US$200m in the country by 2020. Agreement signed with Ho Chi Minh city  The company will sign a memorandum of understanding (MOU) with the city of Ho Chi Minh for the investment expansion. The signing ceremony will be attended by the two parties’ key officials including Em...
14 September 2016
In an Australian first, Coles will offer 10% discounts on fruit and vegetables to customers who reach step targets using an activity tracker. Five 100,000 step targets will unlock discounts Between 14 September and 30 November 2016, customers who wear compatible activity trackers, like a Fitbit, and are members of the Flybuys loyalty scheme, will be eligible to qualify for the promotion. Ev...
13 September 2016
Aldi in Australia has announced it will look to improve its fresh food offering over the next year, with a new buying process, more in-store innovation and Australian grown produce. 1. Centralised, long term and local supplier contracts Aldi Australia is rolling out a new centralised buying model for fruit and vegetables. The new model will look to develop more longer term and flexibl...
09 September 2016
The Villar Group has revealed that it is investing an additional PHP1.4b (US29.6m), through its retail arm All Value Holdings, to expand its All Day Supermarket chain in the Philippines. 10 new stores in two years All Day Supermarket saw its third and largest outlet open last week in Vista Mall Sta. Rosa in Laguna. This followed the opening of the first two stores in Vista Mall in Tag...