Global retailing news

09 May 2018
Alibaba has expanded into South Asia through its acquisition of Daraz. Who's Daraz? Daraz was founded in 2012 by Rocket Internet and operates in Pakistan as well as Bangladesh, Myanmar, Sri Lanka and Nepal. Rocket said in a statement that Alibaba has acquired the entire Daraz business. The website will continue to operate under the same brand following the sale to Alibaba. Daraz is mainl...
09 May 2018
Walmart has made its boldest move in India by acquiring an approximately 77% stake in Flipkart, the country's leading ecommerce operator, in a $16bn deal. What's going to happen? The world's largest grocery retailer has agreed to acquire an approximately 77% stake of Flipkart for US$16bn, which would make it the largest deal in India's ecommerce space. The remainder of the business will be ...
03 May 2018
Amazon, according to reports from CNBC, has made a formal offer to buy 60% of Flipkart, its biggest ecommerce rival in India. Amazon continuously investing in India Amazon has been investing in India to expand its product ranges and to ship goods to shoppers faster. It also reportedly offered to buy a 51% to 55% stake in Flipkart two years ago. A new battle with Walmart It was reporte...
25 April 2018
Tesco Lotus plans to keep expanding new stores and spaces, adding around 55,740 sq m in retail space, according to a speech by Sompong Rungnirattisai, the newly appointed chief executive. Expansion in secondary districts This year the retailer plans to add around 55,740 sq m in retail space, an increase of 40% from around 40,000 sq m it added last year. The new spaces will be from opening n...
20 April 2018
UK retailer Iceland is partnering with JD.com to make its debut in the Chinese market. Flagship store on JD Worldwide The Iceland flagship store on JD.com’s cross-border ecommerce platform, JD Worldwide carries six key categories: snacks, beverages, baking, baby, skin care and personal care. There are . Popular products available on the store include Iceland’s own-brand biscuits, cereals an...
12 April 2018
Discussion of Carrefour’s Q1 results will focus on the challenging market environment in France. However, its performance across Europe underlines the contests being fought by it and other retailers to maintain growth in difficult operating conditions. Given these situations the retailer’s roll out of its 2022 Transformation plan cannot occur quickly enough, despite it likely to have an effect on...
05 April 2018
Ahold Delhaize has announced it will appoint a new CEO and a new Chairman of the Supervisory Board. Despite the changes at the top of the retailer, it is expected that its medium-term strategy will remain the same, ensuring continuity for its operations and for suppliers. Dick Boer to step down as CEO Ahold Delhaize’s CEO, Dick Boer, has held the position since July 2016, when Ahold and Del...
08 March 2018
We review Costco’s second quarter results and the impact of its ecommerce programs. Ecommerce sales up 27.3% Costco delivered a solid second quarter performance, with total revenue up 10.8% to $33.0bn. Net income over the period increased by 36.1% to $701m. Comparable store sales increased by 5.4%, led by its international markets. Ecommerce sales continue to grow at a rapid pace, up 27.3% ...
03 March 2018
US clothing and homewares retailer, Kohl’s, is partnering with Aldi, which will see the hard discount retailer open stores within Kohl’s outlets. We look at the details behind the deal, whether it is a good fit and what it tells us about partnerships and alliances in the industry. Retailers will reallocate in-store space as digital commerce grows Kohl’s announced last year that it would loo...
22 January 2018
Amazon has opened its checkout-free Amazon Go convenience store to the public. The store, located in Seattle, uses ceiling mounted cameras and electronic sensors to track purchases, before charging the shopping to the customer's Amazon account. Source: IGD Research In-store experience To enter the store, customers must scan their unique QR code accessible via the Amazon Go app. Th...