Global retailing news

19 May 2016
Walmart International has reported net sales of USD28,083m today for Q1 FY2017, up 4.3% at constant currency rates. The division delivered an improved performance in the quarter, with ten of its 11 markets positing positive comp sales. We take a look at how Walmart fared in its key Latin American markets. Brazil: pleased with comp sales High inflation contributed to a difficult eco...
19 May 2016
Lotte news roundup: mobile payment, expansion in Vietnam and Indonesia Promoting L-Pay Lotte has been trying to provide an omni-channel shopping experience to its customers and is focusing on improving and promoting its mobile payment solution L-Pay. The mobile payment service has been forging ties with eight South Korean credit card firms and is also in talks with Samsung to have L-Pay app...
19 May 2016
Aeon has concluded an agreement on setting up a JV - Bio c'Bon Japon - to tap into the organic supermarket business. Expanding in organic market Since the introduction of Japanese Agricultural Organic Standard  in 2000, Aeon has been expanding its organic product offering in Japan, catering to health conscious shoppers. The new JV will lead the development of an organic specialty supermarke...
18 May 2016
Robinsons Retail Group has acquired 51% of the Philippines' largest drugstore chain, The Generics Pharmacy (TGP). Gives Robinsons a leading position TGP has more than 1,800 stores. Robinsons' acquisition, when combined with that of South Star Drug, will take the group's drugstore network to almost 2,200 stores, making it the largest in the country. Ambitious expansion plans Robins...
18 May 2016
Maxima has appointed Alvydas Šustikas, as its new CEO, replacing Neringa Janavičiūtė who is leaving the business. New CEO appointed from next week The new CEO will be in position from May 21st, heading up the retailer’s operations in the Baltics, Bulgaria and Poland . Commenting on the change, Neringa Janavičiūtė said ‘Over the last few years, I think, we successfully achieved the k...
18 May 2016
Big C unveils its expansion plan of USD140-160m. The retailer is going to open 6 hypermarkets, mainly in the Northeast and South of Thailand, three Big C Market stores upcountry, including in the Northeast and about 75 Mini Big C stores, of which 50 will be through franchising. More investment in hypermarkets Though the company is keeping the current speed of expansion, more hypermarkets wi...
17 May 2016
Of the new stores, there were 244 Alfamart stores,  45 Alfamidi stores and 17 Dan+Dan stores.  Continue to focus on minimarkets By the end of Q1 2016, the largest retail chain in Indonesia Alfamart operates 12,564 stores, including 11,356 Alfamart stores, 1,070 Alfamidi stores, 38 Lawson stores and 97 Dan+Dan stores across Indonesia. Alfamart typically has a selling space of 90-100 m2 with...
16 May 2016
Greek retailer Marinopoulos has begun to modernise and renovate its stores. Collaboration with university & ECR The concept was created in partnership with the Economic University of Athens and ECR and aims 'to create modern shops where everything works with absolute precision' . 480 stores to be refurbished by end of 2016 It is now live in four stores in Argyroupoli, Amfitheas, Al...
16 May 2016
Challenging economic situation in Russia, especially in regions, has affected revenue growth of the market leader Magnit. In the meantime X5 Retail Group has benefited from the new Pyaterochka store concept as well as stores network which has been developed mainly in large cities. Magnit most affected Magnit has reported sales growth of 16.6% to RUB 254.4 bn (USD4.25 bn) in Q1 2016. Company...
13 May 2016
Carrefour has announced changes to its senior management team in France. New team remains under the responsibility of Noël Prioux and is as below: France team Noël Prioux Executive Director Gérard Lavinay Chairman ERTECO France (formerly DIA France) Hervé Parizot Director for E-commerce and Client Data Vincent Abello Director for Merchand...