Global retailing news

21 April 2016
Following its good performance in France in the first quarter, we take a look at Casino's priorities in its home market this year. 1. Evolving stores' identity Casino is rolling out a new identity for Géant hypermarkets which includes initiatives like round pricing, bulk buying and dedicated zoning in an attempt to drive basket size. Other aspects of the new image include promoting loc...
20 April 2016
Ryuichi Isaka, the current President of 7-Eleven Japan, will take charge of the conglomerate in May. New CEO is the man the previous CEO failed to remove from his position Seven & I have wasted little time to appoint a new CEO, following the departure of its long standing Chairman and CEO, Toshifumi Suzuki earlier this month. Suzuki resigned following not gaining backing from the grou...
19 April 2016
Waitrose has begun exporting its products to China through Royal Mail’s online store on Tmall, China’s largest e-commerce marketplace. A measured pace to expand in a new market Waitrose China will initially offer 30 products to Chinese online shoppers, exclusively through  Royal Mail’s online store on Tmall , a B2B marketplace run by Chinese e-commerce giant Alibaba. Waitrose arranged th...
19 April 2016
Lidl has reported double digit sales growth in several markets with strong improvements in Spain and extraordinary growth in the Czech Republic. Double digit growth in Spain Lidl almost doubled its revenue growth in 2015. It reported sales of EUR3 bn, up 12.5% in comparison to EUR2,7bn (7% growth) in 2014. Its 2015 capex increased by 27% to EUR262 m. The retailer opened 30 new stores and...
19 April 2016
Auchan is investing RUB17bn (around EUR224m) in the Russian market in 2016, said director of hypermarkets Oleg Alkhamov. Will open nearly 50 new stores Following the successful transfer of the Real hypermarkets, Auchan still considers Russia a strategic market for expansion despite its challenges. This investment will drive store expansion. The majority of stores will open under the Ata...
19 April 2016
The discount retailer will open its first Western Australia stores in June, with plans to open four stores all on the same day. First stores to open doors on 8 June The four stores will open on 8 June at Mirrabooka Square, Kwinana, Belmont and Lakeside Joondalup, with a further 16 planned to open later in the year. The new stores will kick off Aldi's long awaited entry to Western Austral...
15 April 2016
Carrefour and Casino both reported first quarter results this week. We look at their performance in Latin America. Casino: improvement in Latin America Food sales were up 8.3% on an organic basis. Growth at Grupo Éxito was still accelerating in the first quarter, powered mainly by Colombia where the economic environment is more positive than in Brazil. GPA reported net sales of BRL17...
15 April 2016
France-based Carrefour’s total group sales rose 3.8%, 3.1% in like-for-like terms, in its first quarter, to €20.0 bn, with flat sales in France, against tough comparisons in 2015, being helped by an acceleration in the pace of sales growth internationally. France: performance held by hypermarkets In its home market in Q1, Carrefour saw total growth of 0.1%, excluding the effect of petrol, w...
14 April 2016
Groupe Casino has reported a fall of 11% in first quarter revenue, to EUR9.7bn, affected by exchange rate fluctuations in Latin American markets. Excluding the exchange rate effect, group sales were up 1.5%. Asia treated as discontinued Given that the Thai business has been divested and Vietnam is under negotiation, Casino has treated the Asia segment as a whole as discontinued. Consol...
14 April 2016
Costco in Australia is looking to further cement its growing popularity with shoppers, through the set up of its first distribution centre and also opening more sites in major cities. Network could grow to 25 stores within four years Costco currently trades from eight stores in Australia and has a presence in Sydney, Melbourne, Canberra, Adelaide and Brisbane. It has already opened more ...