Global retailing news

Rustan Supercenters, a member of Dairy Farm International in the Philippines, has appointed Irwin Lee as its new CEO. 30 years of industry experience The former managing director of P&G's business in the UK, Ireland and then Northern Europe, has been announced as the new chief executive of Rustan Supercenters in his native Philippines. Irwin Lee will bring 30 years of experience of work...

REMA 1000, discount banner of Reitangruppen is to acquire a 10% stake in Norwegian pure play online retailer, Kolonial.no, as it looks to capitalise on growth of the online channel. REMA 1000 has supplied Kolonial.no with products since 2014. REMA 1000: commonality in simplicity, efficiency and low prices Commenting on the development, REMA 1000 CEO Ole Robert Reitan said, ‘Our philoso...

Australian retailer Woolworths has launched its own radio station, called Woolworths Radio. New radio channel will be available in-store and on the go The new radio station will be played in-store, however through teaming up with streaming service Pandora, can also be listened to by people wherever they are. The service will run 24 hours a day, seven days a week and will look to app...

CP All, Thai operator of 7-Eleven and Siam Makro, reported  strong 2Q results -  total revenue rose 14 percent from a year earlier to THB 114.6bn (USD 3.3bn) and like-for-like increased by 5 percent, versus 2.6 percent in 1Q. On track with network expansion CP All, which operates more than 9,200 7-Eleven stores in Thailand, had a target of 700 new stores this year and a total of 10,000 stor...

Coles is testing a new convenience store format at three existing forecourt locations in Melbourne. Big Yum format taking on 7-Eleven head-to-head The new format, know as 'Big Yum at little Coles' launched last month and is being tested at Kew, South Yarra and Windsor. Including a wider range of grocery items, the stores put more emphasis on fresh food solutions and food-to-go, includin...

Taiwan’s two major convenience store operators have reported record-high sales for last month, with summer being a high season for the retail industry. PSCS strong performance across segments As 7-Eleven’s operator in Taiwan, President Chain Store Corp’s sales increased 7% to TWD19.0b (US$607.5m) last month, with aggregate sales in the first seven months rising 6.1% percent annually to TWD1...

Chinese e-commerce giant JD.com’s first half revenue growth represents a 42% YoY increase, while its annual active customer account number of 188.1 million has grown by 65%. Growth rate flattened JD.com sees sales rise 42% to RMB65.2b (US$9.8b) for the quarter. The revenue for the second quarter of 2016 is within company forecasts, even as the growth rate continues a steady decline that is ...

The leading retailer in the Philippines Puregold has reported a set of solid results for H1, with 18.3% increase in consolidated net sales to PHP51.1bn (US$1.1bn). Strong consumer demand drives growth Puregold consolidated net sales increase by 18.3% to PHP51.1bn (US$1.1bn) in the first half of 2016, due to the strong consumer demand from its existing Puregold, S&R stores and S&R New York...

China’s leading retailer Yonghui has revealed that its revenue has increased by 18% to RMB24.5b (US$3.7b) in the first half of 2016, while its profit has seen a 27% uplift. Strong regional growth Yonghui attributes its impressive H1 performance to the regional development. Its operations in the smaller provinces, such as Jiangsu, Shaanxi and Shanxi, manage to turn losses into profits...

Sainsbury's, along with other global retailers, took part in Alibaba’s 8.8 Shopping Festival to showcase British products. Annual event focusing on consumer education Where Alibaba is known for its 11.11 Shopping Festival which is all about sales, the 8.8 event focuses on education. Tmall Global currently hosts 7,700 brands from 53 countries and regions on its platform. The goal of the fest...