Global retailing news

Tesco in Malaysia is restructuring its store management structure to one that is simpler and more agile. Job cuts in response to changing customer needs The development will affect Tesco's larger stores, where jobs will be cut and staff reassigned to new roles. Although the numbers of job cuts are unknown, Tesco has said that they are in response to changing customer needs. A company ...

Auchan has reported a 0.8% increase in revenue for the first half to EUR26,106m, at constant exchange rates, driven by expansion and positive sales trends in most of its markets. Consolidated revenue for Auchan Retail was up 0.7% to EUR25,369m (constant exchange rates, excluding fuel and VAT).  Investment to continue in H2 Although the increase in group revenue is small, Wilhelm Hubner, c...

With SPAR International’s global strategy aimed at growing its partners and embedding multi-channel capabilities, we look at developments from operators in Russia, Norway and Georgia, who are driving forward these initiatives. SPAR adding ecommerce service in Norway SPAR’s operator in Norway, NorgesGruppen, has launched ecommerce at the banner, marking the addition of the service at the sec...

Grocery delivery platform HappyFresh has decided to exit the Philippines and Taiwan and will focus on other core Asian markets, after its Series B funding round. Consolidate market focus for profitability The Jakarta-based company HappyFresh has decided to close its business in Taiwan and the Philippines. Instead, it will concentrate on its three other markets: Indonesia, Malaysia and Thail...

Harris Farm Markets has opened a new innovative store in Sydney's Westfield Bondi Junction shopping centre. Expanding network and improved stores The family-owned retailer that operates 24 stores in NSW, is looking to expand its presence and has opened its latest store in eastern Sydney. The store displays a new evolution in the retailer's offer, combining a traditional market style...

The opening of Leclerc's organic supermarket in Nice earlier this summer shows the retailer's willingness to keep large stores relevant for today's shoppers.   Here's why we think Leclerc is one of the top retailers to watch in Western Europe. Continued reinvention of hypermarkets boosts sales Leclerc's sales in France in 2015 rose by 3.4% (excluding the deflationary effects of falli...

Cencosud has reported improvement in its second quarter results, despite challenges around the economy and decelerating consumption. Revenues in local currency were up across all markets, except Brazil, although currency devaluations affected results in Chilean pesos. Encouraging signs in Brazil despite difficulties Cencosud's supermarket business posted revenue growth in local currencie...

Leading Greek retailer, Marinopoulos, which filed for bankruptcy protection earlier this year, has been rescued in a deal from competitor Sklavenitis, which will make Sklavenitis one of the country's leading retailers. Debt reduction on acquisition Marinopoulos owe debts of around €1.3bn, around half of which is owed to suppliers, while the rest is owed to lenders and employees. As par...

For the six months ended June 30, 7-Eleven Malaysia has reported its revenue grew 4.5% to RM1.03b (US$256m), with the gross profit improving by RM18.9m (US$4.7m), or 6.3%. Strong results amid tough trading conditions The group’s positive performance is driven by store expansion. At the period end, the group had a milestone of 2001 stores in Malaysia. 7-Eleven Malaysia has also achiev...

Big C Thailand has appointed Mr. Aswin Techajareonvikul to the position of CEO and President, effective on  1 September 2016. TCC Group to strengthen leadership TCC Group acquired Big C Thailand from French retailer Casino earlier this year. The decision to replace Mr. James Alfred Scott with Mr. Aswin Techajareonvikul as the company’s CEO and President is a sign of TCC group strengtheni...