Global retailing news

08 September 2016
Lidl is going to increase the competition in the value fashion retail market, while engaging with young shoppers via an augmented app. Pop-up fashion store Lidl in Germany has opened its first pop-up fashion store at a premium high street in Hamburg surrounded by designer shops like Louis Vuitton, Jil Sander, Prada and Gucci. For the period of 10 days Lidl will be offering its new fashion...
08 September 2016
Walmart has revealed that it will invest RMB60m (US$9M) to upgrade its existing stores and it also plans to open 20 new stores in the southern Chinese province of Yunnan by 2020. 20 new stores by the end of 2020 Walmart is optimistic about their development in Yunnan province and will continue to enhance investment and construction to open four new outlets in the province, including one...
08 September 2016
German retail Metro has opened its first global green store in China. New store drives further development in China The new store is located in an industrial city Dongguan in Guangdong province. Metro aims to upgrade its sustainable development and continue driving growth in the Chinese market, where it has 84 stores and has seen a double-digit growth last year. The Dongguan Wanjia...
08 September 2016
Axfood has appointed a new CEO, Kris Balkow; while Reitangruppen has sold its remaining shareholding in Axfood. Axfood appoints Kris Balkow from Clas Ohlson Axfood has appointed Kris Balkow as President and CEO, effective from March 2017. He has been President and CEO of Clas Ohlson since 2007 and has previously worked for Bredsbandsbolaget, a Swedish internet provider and Procter & Gam...
07 September 2016
Steinhoff’s bid to take over UK single-price point retailer, Poundland, for £610.4m has been successful with the majority of shareholders giving their support. 98% of investors back takeover South African retail group Steinhoff International has received significant support from Poundland investors in its bid to take over the discounter . With 98% backing, the deal can now go ahead....
07 September 2016
Metcash has introduced a new policy, whereby suppliers of all perishable goods will need to pass more strict shelf life guidelines. Limited shelf life impacting the whole chain One of Metcash's key strategic pillars in order to become more competitive is around improving its fresh food offer and the retailer, according to local press reports, has sent a letter to its suppliers calling...
05 September 2016
The   flagship   online  store  featuring   Australian   wine   has   been   launched   on   Alibaba ' s B2C  platform   Tmall . com, providing an opportunity for Aussie winemakers to tap into the growing Chinese market. The online store The new wine store, which is supported by Wine Australia and operated by Chinese online wine retailer Vinehoo.com, will initially stock 10 brands from...
01 September 2016
FamilyMart and Uny Group have completed a merger, creating the second largest convenience store operator in Japan, after 7-Eleven. Circle K Sunkus to be rebranded to FamilyMart The launch of FamilyMart Uny Holdings Co. marks a consolidation in an industry where retailers are facing intense competition to boost sales as the Japanese economy lacks strength and the population is expected to...
01 September 2016
South Korea’s leading hypermarket retailer Emart has opened the first store dedicated to its private label products “No Brand”, and it’s planning to launch a new high-end grocery store format in September. Six No Brand stores scheduled to open Emart has opened its first No Brand store, converted from an Emart Everyday in Yongin. A second location will open in September in the eastern outski...
01 September 2016
Grupo Éxito has reported that food sales grew by 8.6% for the second quarter of 2016 across Colombia, Brazil, Uruguay and Argentina, and representing 62% of total sales. It commented on "outstanding performance" in Colombia, Uruguay and Argentina, and a progressive improvement in Brazil.  Colombia: growth reflects expansion The 8.0% growth in sales in Colombia reflects expansion over ...