Global retailing news

13 July 2016
France-based Casino has said that investments made in its operations globally are driving positive results, with same-store growth recorded at its three key divisions, with only its e-commerce arm showing a contraction. The numbers… At a group level Casino saw total sales contract by 7.0% to €9.966 bn, with much of this fall driven by Latin American currencies’ depreciation against the Euro...
12 July 2016
Casino-owned Cnova has reported second quarter net sales of €665.3m, which shows a 19.2% contraction on the same period in 2015 in reported terms and by 13.8% in constant terms. The retailer’s gross merchandise volume (GMV) contracted by 3.4% at constant currencies, to €1.0 bn. Growth in France offsets impact from Brazil Cnova said that Cdiscount France grew GMV sales by 12.6%, to €638m, wh...
12 July 2016
As two of EMD’s members announce results, Italy-based Selex and Spain-based Euromadi, we look at how the two organisations have performed in 2015 and what drove their growth in the year and continues to do so in 2016. Selex sees sales rise 5.6% in 2015 in Italy Selex has announced its 2015 results at its Annual Assembly saying that its total turnover rose 5.6% to €9.95 bn. The company said ...
12 July 2016
FamilyMart, one of Japan’s leading convenience store operators, has posted a 3.1% increase in operating revenues to JPY102bn (US$986m) in Q1 2016, whilst its operating income has declined 5.9%, to JPY10bn (US$100m). Sales growth driven by new stores While FamilyMart has seen a 1% uplift in LFL store sales, the aggressive store expansion in Q1 is also a key driver of the company’s solid ...
12 July 2016
Japanese convenience store chain Lawson has revealed a solid set of results for the three months ended in May, with total net sales of convenience stores rising 4% to JPY 540bn (US$5bn) and net profit seeing an impressive boost of 14% to JPY 9bn (US$9m). New stores driving sales growth Lawson’s gross operating revenue has grown by 6%, with a boost from newly opened stores, Lawson-owned...
12 July 2016
The launch of Inamall, a marketplace on Tmall Global enables Indonesian businesses to sell to Chinese consumers directly. Supported by the Indonesian government Inamall was luanched by Indonesian Trade Minister Thomas Lembong and Alibaba Group vice president Brian A Wong. “ E-commerce is among the fastest and most effective way to reach out hundreds of millions of consumers in China and ...
11 July 2016
Japanese retail giant Seven & i has reported a 0.6% increase in group sales to JPY2, 561bn (US$25bn) in the first quarter ending 31 May 2016, while its net profit reached JPY43bn (US$0.4bn), 2% up from last year. Japanese operation remains strong Seven & I’s convenience store operation Seven-Eleven Japan has registered a 5% increase in sales, with total store sales reaching JPY1,100bn (U...
11 July 2016
Tesco and Metro Group are reviewing profitability of their store concepts what leads to store closure. This will be a necessary move for many retailers in Poland as the market will become even more competitive and challenging - the Government will introduce a new tax law in the autumn. Tesco closing unprofitable small stores Tesco is going to close seven small stores (with sales are up t...
07 July 2016
DIA is a significant player in the value and proximity space in Argentina and Brazil. Both have been important growth markets for the retailer, which now takes a third of group sales through its Latin American operations. Argentina in particular has emerged recently as a key growth driver for the group, and DIA is one of the fastest growing retailers in the market. Here we explore some of ...
06 July 2016
Aldi Australia has started to sell furniture under its own brand as a part of its promotional offer Special Buys. Replica of designer furniture Aldi in Australia has introduced a new private label product range – furniture. The range includes a floor and a table lamp, a console table, shelves, entertainment units and a lounge chair which was developed as a copy of designer furniture Char...