Global retailing news

18 August 2016
Walmart has reported a 0.5% increase in total revenue for Q2 of fiscal 2017, with what it called "overall...another solid performance" from its international business. We look at how it fared in key Latin American markets. International performance positive across most markets Internationally, net sales declined by 6.6% to $28.6bn, reflecting the impact of currency, with sales up 2.2%...
17 August 2016
Carrefour China has said it will concentrate on convenience store development in the remainder of 2016, trying to find a new growth model for the competitive Chinese market. Focus changing to meet shopper demand The retailer has been losing market share in the hypermarket segment and has closed about 30 stores in the past three years. Hypermarkets will still play a role for Carrefour, ...
17 August 2016
Sweden’s ICA has released its results for the first half of 2016, reporting that consolidated net sales increased by 3.6% to SEK 50,983m (€5.38bn), which the retailer attributed to higher volumes and price increases; while operating profit rose by 13.6% to SEK 2,093m (€220.98m). Sweden: hypermarkets drove performance ICA Sweden’s store sales excluding VAT increased by 3.5% in the first h...
16 August 2016
Lidl is building a new data hub which enables the discounter to analyse robust data. It is investing in the software as well as human resources. Better assortment optimization Lidl will upgrade its warehouse data and install new IT tools with the aim to create better market and shopper insight, gain competitive advantage and have support by taking strategic decisions. According to Lebe...
16 August 2016
Convenience Retail Asia, operator of Circle K in Hong Kong has reported a 4.7% growth in H1 despite tough market conditions. Like-for-like sales rose 5.2% over the same time last year. Innovate to cater for local demand Despite declining tourists from mainland China and weak market sentiment, the demand from local shoppers remained strong and supported the convenience business. The retailer...
16 August 2016
Big C Thailand has reported a revenue decline in H1 caused by decrease in retail sales of 1.3%. Like-for-like growth was a negative 2.9% and 4.0% in Q1 and Q2 respectively. Re-launching price commitment and pursuing quality of sales In Q1, the retailer re-launched its price commitment to strengthen its price perception. It consists of 5 price commitments: Price guaranteed promotions P...
16 August 2016
Dairy Farm has completed the acquisition of a further 286,934,440 shares in Yonghui for US$190 million in order to keep its share of Yonghui at 19.99%. The acquisition The acquisition, which is alongside an acquisition by JD.com of a 10% interest and by Mr. Zhang Xuansong, the Chairman of Yonghui, of a 2% interest, shows Dairy Farm's commitment to the Chinese market. The co-operation with...
15 August 2016
A.S. Watson has reported a weaker performance with a 2% revenue increase across key markets for its health and beauty retail operations. Currency fluctuations and weak performance in China caused the slowdown. Growth in Europe held back by adverse exchange rates Within Western Europe, comparable store sales in health and beauty grew by 3.3%. Given the depreciation of the currency over the p...
15 August 2016
In the second of a two-part series, we showcase some of the most inspirational stores we have seen around the world this year. Canada: Whole Foods Market, North Burnaby, BC Selected by Stewart Samuel, Program Director IGD Canada A visually stunning store, this creates a benchmark for retailers seeking to create a compelling in-store experience. Whole Foods Market has done a great job i...
15 August 2016
Lawson has announced two new regional joint ventures that will help boost its presence in the south west and eastern regions of Japan. Lawson San'in Co: new subsidiary to serve south west Japan Lawson has signed a joint venture agreement with convenience retailer Poplar Co. who are based in the San'in region, an area in the south west of the country. The agreement builds on a previous pa...