Global retailing news

24 June 2016
Thailand’s leading food retailer Central Food Retail has announced that it will allocate Bt.6.5bn (US$183.8m) to expand its store network over the next five years. Aim to reach 600 stores by 2021 Central Food Retail, which is part of Thailand’s conglomerate Central Group and is celebrating its 20th anniversary this year, has committed the investment capital to opening new stores. It’s aimin...
23 June 2016
As Netherlands-based Superunie launches a new private label brand, Leclerc and Rewe create a new purchase alliance and Spain-based Grupo IFA announces positive 2015 results, we look at news from Europe’s retailer alliances. Leclerc and Rewe establish Eurelec According to reports in Lebensmittel Zeitung Leclerc and Rewe have established a new joint venture, Eurelec Trading. CVBA Eurelec was...
23 June 2016
Coles has launched its first darkstore in Melbourne, as it explores new ways to fulfil the growing demand for online orders. Coles' online business has grown 25% this year The first darkstore is located in Richmond, an inner suburb just to the east of Melbourne's CBD. The operation will initially serve customers located within 5km of the facility. This is the first darkstore that the ...
23 June 2016
Wesfarmers held its annual strategy day this week, with Coles MD John Durkan, providing an update on the retailers seven strategic pillars. 1. Double digit volume growth in fresh produce Coles for many years has under index on fresh produce, however it continues to make significant progress in this area. Customer participation in fresh food increased 85bps last year as the retailer impro...
22 June 2016
Carrefour is set to test one-hour delivery in Paris, according to trade magazine Linéaires. We look at this and other digital developments from Carrefour.   Seeking to compete with Amazon The project, said to be known internally as Carrefour Now, will run in three Carrefour Market stores: rue du Seine, rue du Rochechouart and rue des Pyrénées in the sixth, ninth and twentieth arrondisse...
22 June 2016
From a recent deep dive session in Argentina, we share some of our key take-outs. 1. The economy remains tough, but there's more longer term optimism The climate for many shoppers continues to be difficult, and the key economic numbers remain negative rather than positive. But under recently (2015) appointed President Macri there's more positivity around future prospects, which gives u...
22 June 2016
Auchan has opened its first hypermarket in Tajikistan. Operated by local partner  The 5,000 sq. m hypermarket, in the capital Dushanbe, is operated by Auchan's partner Schiever. It forms part of a $13m shopping mall project. The store was first mentioned in November 2014, and has been achieved via the European Bank for Reconstruction and Development (EBRD) extending a financing package of E...
20 June 2016
Metcash has reported full year results for the year ending 30 April 2016, with sales up 1.3% to AU$13.5bn and profits after tax of AU$216.5m. The improvement in profitability marks a significant improvement on the retailers 2015 result, when it reported a loss of AU$384.2m. Food & grocery sales increased 0.5% to AU$9,265m Metcash will be pleased to see the core part of its business gr...
17 June 2016
As the Consumer Goods Forum’s Global Summit in Cape Town draws to a close and looks ahead to the 2017 gathering in Berlin, we look at the inspiring appearances from the former captain of South Africa’s Rugby World Cup winning team, Francois Pienaar, and laureates from the Enactus network, and presentations from the chief executives of Ahold, Dick Boer, and the Future Group, Kishore Biyani. Ins...
16 June 2016
If day one was about seizing opportunities in the face of disruption, day two gave way to some of the companies and individuals causing the disruption and how others are having to adapt to the changes. Supporting local entrepreneurs, to win globally Building on some of the themes from day one and setting the tone for day two were presentations from the chief executives of two young Afri...