Global retailing news

05 July 2016
We report on the latest developments from the Croatian conglomerate, owner of the Konzum and Mercator grocery chains, including reports of a potential IPO, new wholesale store concept and a lifestyle magazine for loyal shoppers. IPO in the pipeline? A report, published by Slovenian newspaper Finance, details that Agrokor is planning an Initial Public Offering (IPO) on the London Stock E...
05 July 2016
South African retailer Shoprite has opened the first store under its USave discount banner in Nigeria. Key format to expand outside home market The store has opened at the Maryland Mall in Ikeja, capital of Lagos state. USave is a no-frills discounter, which Shoprite uses to expand into markets outside South Africa, testing an area's growth potential. Although an expensive market in whi...
05 July 2016
Uni-President Enterprises, one of the largest conglomerates in Taiwan, has set a target to significantly boost its sales in Southeast Asia within the next few years. Double or triple the sales in the region Uni-President currently operates the 7-Eleven convenience store chain in Taiwan, the Philippines, and China. The company recognises the exciting opportunities backed by the large po...
04 July 2016
Leading Greek retailer Marinopoulos has been granted temporary bankruptcy protection, following a hearing in Greek courts on Friday. September deadline to find solution The retailer reportedly owes the state and thousands of suppliers around €1.3bn according to local reports. It now has until September 21 to find a solution. Marinopoulos' challenges echo Greece’s economic problems, w...
04 July 2016
Following the opening of another new concept in Italy, we look at how Carrefour is introducing innovative new stores in other markets around the world. France, Spain, Poland: going gourmet Carrefour introduced the gourmet store to Milan in late 2014. Since then, it has been rolling out more premium, gourmet versions of the Market format in some of its other European markets. In Paris, ...
30 June 2016
In this roundup we look at the global partnership between Alibaba and Mars Inc, the launch of a British Mall on JD.com, as well as a new agreement Alfamart has signed with Tokopedia. Mars teams up with Alibaba Mars Inc has revealed that it will form a global strategic partnership with China’s e-commerce giant Alibaba. This expands on the successful tie-ups Mars has built with Tmall, Al...
29 June 2016
Discounter A101 is set to acquire Çağrı, while Bizim Toptan has appointed a new CFO. A101 to acquire Çağrı According to local reports, A101 is to acquire the Istanbul-based Çağrı chain, which operates around 45 compact hypermarkets, neighbourhood stores and discount stores. The deal is subject to approval from local competition authorities. Consolidation continues The latest develo...
29 June 2016
ICA has appointed a new Chief Digital Officer while Coop Sverige is to launch its second dark store. ICA’s new Chief Digital Officer ICA has appointed Peter Muld as its new Chief Digital Officer as of 5th September, reporting to the retailer’s Chief Strategy Officer, Liv Forhaug. In a press release, the ICA revealed that the move represented its ‘next step in the work on strengthe...
28 June 2016
Tesco’s Thai operator Ek-chai Distribution System has revealed that it will expand its online shopping channel and aim to double internet sales this year. Robust online sales performance Tesco Lotus has seen sales and orders of fresh food via its online channel increase significantly and the company expects its online sales to at least double from last year. Wanna Swuddigul, the company'...
27 June 2016
Mexico's Soriana is seeking locations for its new Híper Miyana hypermarket concept, the first of which opened early in June. Plans five stores over next 18 months The first Híper Miyana opened in the Polanco district of Mexico City and another will follow in Monterrey in November. Soriana is said to be seeking sites in Guadalajara, Puebla, Mérida, and other cities with big populations a...