Global retailing news

10 May 2017
Lidl is reconsidering key investment projects due to complexities and cost implications. Lidl reconsiders project investments due to complexities Lidl has been working on three large investment-heavy projects in the last year. It has been preparing market entry to the USA, it planned to invest in a convenience store concept 'Lidl Express' with click & collect in select stores in Germany...
09 May 2017
France-based Auchan has launched a campaign aimed at helping shoppers in their attempts to lead a more healthy life. Drive to put focus on ‘good, healthy and local products’ Auchan said the initiative would see it commit to undertake a range of actions that would benefit ‘ shoppers, employees society and the planet as a whole ’. The retailer said that it would look to enhance the campaign m...
09 May 2017
As Auchan looks to develop its position globally by implementing a locally activated, globally implemented strategy, we review a range of format developments that it has rolled out in key markets. Auchan Bio to be launched in Lille… France-based trade publication Linéaires has reported that Auchan is set to open a new store under the ‘Bio’ banner in Lille. The store, which when launched see...
05 May 2017
Dairy Farm International has posted mixed results in Q1, with sales slightly lower than the same comparable period in 2016. Trading conditions steady... For the first quarter, Dairy Farm has reported increases in sales and operating profits for their divisions and associates; Health & Beauty, Home Furnishings, Maxim's and Yonghui associated. However, this was offset by weak sales in their ...
03 May 2017
S Group has announced it is to close its Prisma stores in Latvia and Lithuania in June. The retailer currently operates three stores in Latvia and four in Lithuania. Profitability a key factor Commenting on the development, Executive Vice President Jorma Vehvilainen said, ‘At the beginning of this year, SOK began to revise its international business strategy, and came to the conclusion...
03 May 2017
We round up the latest news from SPAR International, including developments in Hungary, Switzerland, Ukraine and India. SPAR Hungary reveals renovated store… As part of its plans to spend €741m on store expansion and renovation this year , SPAR Hungary has opened a newly refurbished store in Zalaegerszeg, western Hungary. This follows a €3.4m renovation, with a focus on energy-efficient...
03 May 2017
Leading South Korean discounter Emart plans to shut operations in China by the end of 2017. Battle for profitability Emart plans to close down its remaining six stores in China by end of 2017. In recent years, the retailer has deployed several different strategies in an attempt to lift profitability. Emart China has gradually scaled down its operations with the number of stores decreasing s...
02 May 2017
Australia's leading retailer Woolworths has reported strong quarterly results surging ahead of its main competitor Coles . Total third-quarter sales increased by 3.7% to AU$13.81bn (US$10.39bn) from AU$13.32bn (USD$10.02bn), previous year. Australian Food division healthy Woolworths supermarkets posted a strong growth of 5.1% to AU$9.3bn (US$7bn) in Q3, with like-for-like (LFL) sales up by...
28 April 2017
We look at Amazon's first quarter performance and the factors underpinning its sales and profit growth. Amazon Web Services’ profit provides financial flexibility Amazon's first quarter net sales increased by 22.6% to $35.7bn, with net income up 41.1% to $724m. The retailer delivered an impressive performance in the US and internationally, beating market expectations. However, growth was le...
25 April 2017
Charoen Pokphand (CP) will acquire Modern Sevel, the controlling company of the 7-Eleven Indonesia convenience store outlets for IDR one trillion (US$75 million). CP Indonesia, a division of Thai conglomerate CP Group expects to complete the purchase by June this year. Indonesia's retail regulation driving key decisions Indonesia's retail landscape is highly completive, but heavily shaped...