Global retailing news

09 August 2016
In the first of a two-part series, we showcase some of the most inspirational stores we have seen around the world this year. Germany: Aldi Süd Future Store, Munich Selected by our discount retail team: Priya Chandarana, Milos Ryba, Keshia Walvin This new concept store in Eglharting, on the outskirts of Munich, is one of three 'future stores' and represents a new direction for Aldi...
09 August 2016
We round up the latest developments from Hungary, including Auchan’s plans to launch online and forecourt operator MOL’s acquisition of Agip. Auchan launching online in 2016 In a recent press release, Auchan has revealed it is to launch e-commerce in 2016, according to CEO Dominique Ducoux. Alongside this, the retailer will be launching a new slogan, ‘Large selection of adventure. Auch...
08 August 2016
Indomarco Prismatama has reported consolidated sales of IDR29.1 tn (US$2.2m) for H1 2016, 28.1% higher than H1 2015. Store opening on track Indomaret plans to open 1600 stores in 2016. As of 30th of June, the retailer operated 13,099 stores, 889 more than end of 2015. Java-Bali area continues to be the focus growth area of the store network. There are 686 more stores in Java-Bali at the end...
08 August 2016
Finnish market leader S Group has revealed its results for the first half of 2016, reporting that total sales excluding taxes rose by 1.7% to €5,336m, while sales in the retailer’s supermarket trade increased by 3.8% to €3,764m. Grocery sales in Finland were a particular highlight, increasing by 4.2% to €3,315m. CEO: flexible hours helped drive footfall & sales Commenting on the results, T...
04 August 2016
SM Retail reports sustained growth in total sales of 9% to PHP105.1bn (US$2.2bn), while net income rose 14% to PHP3.5bn (US$74.4bn) for the first half of 2016. 64 new stores opened in six months SM Retail's strong performance is driven by store network expansion. At the end of June 2016, SM Retail had a total number of 328 stores, comprising 55 SM Stores, 47 SM Supermarkets, 45 SM Hyperma...
04 August 2016
We look at two retailers that impressed us in Uruguay: Ta-Ta and Tienda Inglesa.  Ta-Ta Who is it? Ta-Ta began life as a department store, evolving into a multi-format retailer which operates banners including Multi Ahorro and Ta-Ta. It has more than 100 stores across Uruguay. What's great? At the time of our visit Ta-Ta was celebrating its 60th birthday, and there were mul...
04 August 2016
Vietnamese leading retailer VinMart, part of the conglomerate Vingroup, reports its revenue has grown 226% in the second quarter of this year. Growth driven by store expansion Vingroup reports in the Q2 consolidated financial statements that the sales of its retail arm VinMart has reached VND 2,465 billion (US$110.6 million), registering a 226% increase from the same period last year. Si...
04 August 2016
Walmart is in talks to acquire Jet.com, a US-based online retailer, according to media reports. A disruptor to the disruptors Jet.com has established strong brand recognition in the US following a year of trading. Initially the business was established as a subscription model, with members paying a $50 annual fee, which was expected to be its main source of profitability. In return the re...
03 August 2016
Finland’s Kesko has revealed its results for the first half of 2016, reporting that Group net sales increased by 7.3% to €4,624m. Acquisition drives performance Kesko’s grocery net sales increased by 8.6% to €2,447m, largely driven by the acquisition of Suomen Lähikauppa. Net sales in local currencies, excluding this acquisition increased by 0.9%, with the retailer’s grocery business ret...
02 August 2016
Metro Group has announced Q3 results showing like-for-like sales in line with those in its previous financial year, but with its Cash & Carry division enjoying ’ongoing positive food sales performance ’. Group performance: the numbers At a group level, sales fell by 2.7% in the third quarter, to €13.6 bn, with contractions in the Cash & Carry, of 4.5%, and Real, of 6.0%, while there was gr...