Global retailing news

02 August 2016
Japanese retail giant Aeon will become the first foreign retailer to operate stores in Myanmar after the country’s democratic reforms in 2011. JV with local firm Aeon will create a Joint Venture company in August with Myanmar’s conglomerate Creation Myanmar Group of Cos. to co-operate supermarkets in the country. Aeon will provide the majority of the funding for the venture, which will be c...
02 August 2016
Trent Hypermarket, the Tesco Tata joint venture in India, is working to relaunch its Star Bazaar hypermarket format in order to focus more on groceries and apparel. Tesco team helping drive focus on fresh food and clothing Trent is working closely with Tesco to develop the new format, which is expected to deliver a more contemporary experience, whilst maintaining local relevance. The sto...
02 August 2016
Sainsbury’s is planning to double the number of products available on Alibaba's Tmall marketplace platform. The intention is to sell 100 Sainsbury's branded products across four categories – British Breakfast, Drinks, Organic and Baby. There are also plans for more ranges to be added in the autumn. A successful trial Sainsbury’s relationship with Tmall started in September last year...
02 August 2016
Following a period of speculation that once merged Ahold Delhaize would join AMS, with Delhaize re-joining the alliance, and therefore leaving Coopernic, it has been announced by both AMS and Coopernic that Ahold Delhaize will become a member of both. Announcement settles speculation over membership By being a member of both AMS and Coopernic, Ahold Delhaize will be able to benefit from bot...
02 August 2016
New Zealand's market leading grocery retailer Foodstuffs is to invest NZ$200m (US$144m) on new stores and refurbishments in the year ahead. Seven new stores across three formats The retailer will open seven new stores, costing NZ$120m, four in the North Island and three in the South Island. The openings will to be across various retail banners, including the retailer' New World supermarket...
29 July 2016
Hypermarkets and supermarkets sales down 2% Hypermarkets and supermarkets are the retailer's main formats, accounting for 77% of total sales of all subsidiaries. Sales declined in Singapore and Indonesia following the closure of underperforming stores, though profitability was improved. In Hong Kong, sales increased but profits were impacted by higher rental and labour costs. Sales were flat b...
28 July 2016
We look at what's been happening at Carrefour, Walmart, Tesco and Metro during the second quarter of 2016.  Carrefour: digital and store innovations Carrefour reported first half sales (inc VAT) of EUR40.6bn, with resilient sales in France and Europe and very strong growth in emerging markets The e-commerce website launched in Beijing at the end of April, integrating features l...
28 July 2016
In this update, we look at what happened at retailers across the region in the second quarter of 2016, including results, format development, and new market entries. Mixed bag of results to date In Brazil, there seems to be no stopping Assaí as the atacarejo format reported 37.6% sales growth year-on-year for Q2. Proximity growth was also double digit for GPA Casino's e-commerce...
28 July 2016
Carrefour has reported first half sales (inc VAT) of EUR40.6bn, with "resilient sales" in France and Europe and "very strong growth" in emerging markets. Investing in multi-format model Carrefour opened 410 stores in the first half, across convenience, supermarkets, cash and carry, and hypermarkets. Convenience is a key format for development - it accounted for the vast majority of ...
28 July 2016
Portugal-based Jerónimo Martins has said consolidated sales rose 4.7%, in Euro terms and by 9.1% at constant exchange rates, to €6.96 bn, with its Poland-based Biedronka chain driving results. Strength at Biedronka, growth across all divisions Despite calling out Biedronka, Jerónimo Martins saw an improvement in performance across all its retail divisions. In Poland, total sales, in local c...