Global retailing news

31 March 2017
NorgesGruppen has reported its results for 2016, reporting that revenue increased by 5.2% to NOK 80,162m (€8.8bn). Profit after tax grew by 4.4% to NOK 2,465m (€269m). CEO: competition from food-to-go, eating out, the specialists & commerce' Commenting on the results, CEO Runar Hollevik said, ‘Grocery stores are experiencing increased competition from other marketing channels such as f...
29 March 2017
GPA is to invest BRL1.1bn (around USD384m) in 2017. It will split the funds between the cash and carry business Assaí, and its grocery formats. Growing focus on Assaí GPA will put just over half the funding into its cash and carry outlets. This has been the growth engine over recent years - sales increased by 38.6% in 2016 and now account for over one-third of total food sales. GPA has ...
28 March 2017
Family-owned grocer Booths will sell its best products in Malaysia through Hong Kong-based Dairy Farm. Heritage of Booths brand promotes confidence Booths has 28 stores across the north of England. The retailer prides itself on its relationship with specialist British suppliers for high quality, guaranteed provenance and unusual products. About 40 of their best selling products will soon ma...
27 March 2017
A.S. Watson has reported a flat retail revenue of HKD151.5bn (US$19.5bn) and 2% decline in operating profit for FY2016 compared to last year. Results impacted by adverse currency exchange and HK performance After removing the effect of currency exchange, revenue and operating profit showed 3% gain year-on-year, offset by Hong Kong retail operations. Cost inflation and lower tourist arrivals...
27 March 2017
PT Matahari Putra Prima Tbk (MPPA) has reported net sales of IDR13.5tn (US$1bn), a decline of 2.0%, while gross margin has improved 60 basis points to 17.0% from 2015. Growth in fresh Despite the overall sales decline and a negative like-for-like of -4.5%, the retailer saw growth in same store sales of fresh categories (produce and meat) of 3.6%. This demonstrates the success of strategic...
23 March 2017
Following  confirmation of entry last November, Aldi has made the bold move of entering the Chinese market on Alibaba Group's B2C website, Tmall. Focus on five categories As communicated on Aldi's China corporate website , the Chinese offer spans five ambient categories: breakfast (17 SKUs), snacks (28 SKUs), wine (7 SKUs), organic (10 SKUs) and cooking (19 SKUs), with some lines mer...
22 March 2017
As Auchan looks to reinvigorate its operates globally we round up news from its managing director and the steps it is taking to adapt its stores in France. Franchising to play a bigger role in future In an interview with trade publication LSA, Auchan Retail’s managing director, Wilhelm Hubner, has said that franchising would play a bigger role in the company’s future as it looks to build ou...
20 March 2017
Tesco has made two significant changes to its leadership team, with the appointment of new CEO's for both its Asian and European businesses. Tony Hoggett to become CEO of Tesco Asia Tony Hoggett, the existing chief operating officer for Tesco in the UK, has been promoted to CEO for the retailer's Asian business. Hoggett joined Tesco in 1990 and has extensive operational experience in both t...
16 March 2017
Global discounter Aldi S üd has unveiled a new logo as part of its strategy to modernise. Logo launched on Aldi China website The new logo was first introduced earlier this year when Aldi launched a new website for its  impending Chinese market entry . Aldi will roll out the new logo to all markets from June onwards. It was designed by illion. Markensocietaet: a design agency based in ...
15 March 2017
Indo Lotte Makmur, a 50-50 joint venture between Lotte and Salim Group, has been officially launched to join the e-commerce foray in Indonesia. Harnessing on the strength of Salim Group’s distribution network, the new company will likely have an edge over its competitors. iLotte shopping to launch in July A new shopping platform, targeting women between 20 to 39 years old, is expected to ...