Global retailing news

15 June 2016
As the curtain falls on the first day of the Consumer Goods Forum’s (CGF) Global Summit in Cape Town we look at the key themes from the presentations by CGF vice co-chair Gareth Ackerman, Pepkor chairman Christo Wiese, Tesco chief executive Dave Lewis and others. Seizing opportunities in the face of disruption The Global Summit’s theme for 2016 is looking at how retailers and manufacturers ...
15 June 2016
As UAE-based LuLu enters Indonesia and France-based Casino announces plans to add Leader Price stores in Morrocco and LuLu and UAE-based Majid al Futtaim discuss expansion plans in existing markets, we round up news from the region. LuLu expands in Saudi Arabia… LuLu has opened its seventh hypermarket in Saudi Arabia, a c. 18,500 sq. m store in the Amir Fawaz district of Jeddah. At the stor...
15 June 2016
It’s been a busy start to the month at Walmart with a range of new initiatives, senior leadership moves and its annual Shareholders’ Meeting. We summarise the key developments and what they mean for your business. New CEOs at its operations in the UK, Canada and China With Andy Clarke, President and CEO at Asda-Walmart in the UK, stepping aside after six years leading the business, Sean Cl...
13 June 2016
Backed by the strong business performance in 2015 and Q1 2016, Robinsons Retail Philippines has revealed that it will open 200 stores and will focus on growing convenience store and supermarket formats. Higher capital spending to support expansion Robinsons has designated PHP5bn (US$108m) in capital spending this year, nearly 60% higher than it did in 2015. The 200 new stores it plans to ...
13 June 2016
Walmart is making changes to the leadership of its operations in the UK, Canada and China. Andy Clarke stepping aside from his role at Asda-Walmart Asda-Walmart’s President and CEO, Andy Clarke is stepping aside from his role with the company. Having spent 20 years with Asda, including the last six as CEO, he has been a key contributor to the retailer’s success in the UK. Clarke will rema...
10 June 2016
Following speculation, Tesco has confirmed today that it is to sell its controlling stake in Tesco Kipa to Migros for £30m, subject to regulatory approval. Separately, the retailer revealed it plans to sell its Giraffe restaurant chain to Boparan Restaurants Holdings Limited. Tesco Kipa: 26 shopping malls & 168 stores in 21 cities Migros had a turnover of TRY 9.4bn (€2.86bn) in 2015, whi...
09 June 2016
Aldi has this week opened its first stores in Western Australia, taking the retailer a step further to having national coverage in the country. First four stores, 70 more to come... The first four stores opened on Wednesday at Belmont Forum, Kwinana, Lakeside Joondalup and The Square Mirrabooka shopping centres. The move signals the long awaited entrance of the retailer into the new s...
08 June 2016
The retailer has announced that it will invest AU$120m to open nine new supermarkets in WA. Investment will boost store numbers by 10% The news from Coles comes on the week that Aldi opens its first four stores in WA. With competition in the state set to heat up in the coming year, Coles will open new supermarkets in Byford, Riverton, Secret Harbour, Lakelands, Kwinana, Northam, Tri...
08 June 2016
Japanese e-commerce firm Rakuten has announced that it will shutter its operations in the UK to Spain and focus on France and Germany. Closure as part of the global retrenchment The decision to close Rakuten.co.uk in the UK and Rakuten.es in Spain, as well as its offices in Cambridge and Barcelona, is due to the high capital cost of growth relative to the size of the businesses. This reflec...
08 June 2016
The online giant has partnered with e-commerce start-up Storeking in order to grow the appeal of its brand and online shopping in Southern India's rural areas. Amazon will sell products via Storeking's 10,000 in-store tablets Storeking is an e-commerce specialist that has a wide rural presence in  Southern India. The business serves its customers with over 10,000 tablets installed in retail...