Global retailing news

15 March 2017
Aeon, the largest retail corporation in Asia, is planning for a second Hanoi mall to open in Ha Dong district. Heavy investments in Vietnam Aeon opened two malls in Vietnam in 2014, and one each in 2015 and 2016. The retailer is now planning a fifth mall in the west of Hanoi in 2019. Ha Dong district is receiving investments in an extended ring road system, a bus rapid transport system con...
13 March 2017
Europe-based buying alliance EMD has announced that it is expanding globally as Australia-based Woolworths, which operates in its home market and New Zealand, becomes a member. The announcement marks a new stage in buying alliance membership, taking them outside Europe for the first time, suggesting that there could be more such developments in future. Woolworths to buy private label ranges th...
10 March 2017
France-based Auchan has announced full year results saying that consolidated revenue, excluding taxes, rose 0.7% at constant exchange rates to €52.8 bn. In organic terms, Auchan said sales rose 0.9%. The company said the results were ’solid’ and in line with expectations. During 2016 Auchan initiated its 2025 Vision as it builds its foundations for the future. Sales rose in 11 out of 14 coun...
10 March 2017
Philippine Seven Corp., 7-Eleven’s operator in the country, said that it plans to build 412 new stores this year, spending PHP3.5bn (US$70m) to PHP4bn (US$80m) in capital expenditures in 2017. 10,000 stores in 10 years Jose Victor Paterno, the company’s CEO, said that, out of 412 new store planned for 2017, half will be company-owned stores while the other half will be offered for franc...
10 March 2017
The German retailer, part of Schwarz Group, has confirmed its intension to enter Australia with the launch of a new website, the recruitment of personnel and has started to actively seek new store locations. Melbourne is retailers new HQ In November last year, Kaufland announced that it was actively conducting a feasibility study for entry into the Australian market. However, the retailer a...
09 March 2017
We bring you a round-up of the latest new initiatives across some of Lidl's European markets that demonstrate ways in which the discounter is evolving. Germany: Lidl accepts contactless Girocard payments Since February 2017, Lidl now accepts contactless payments via the widely-used Girocard method in all of its German stores. By using NFC-capable (Near Field Communication) methose, Lidl sho...
09 March 2017
SM Investments Corporation, Philippines’ leading conglomerate, has registered a 9% growth in consolidated revenues in FY2016. Its retail arm SM Retail has also grown by 8% in revenue to PHP 276.5bn (US$5.5bn). Expansion continues The food group, which includes SM Markets (SM Supermarket, SM Hypermarket and Savemore) and WalterMart, continued to expand mostly in provincial areas last year. I...
08 March 2017
As Cencosud releases trading figures for Q4 2016 that show a slowdown from 2015, we look at performance in its supermarket division across its five Latin American markets. Overall group in Q4: Local level growth offset by currency shifts Chilean retailer Cencosud's fourth quarter revenues fell by 6.5% compared to Q4 2015. While they increased 7.0% at constant exchange rates, there wer...
02 March 2017
Dairy Farm, leading multi-format retailer in Asia, reports sound profit growth of 7% in 2016, despite soft consumer sentiment and intense pressure on pricing in most markets.  Sales, excluding associates and joint ventures, of US$11.2 bn, were 1% ahead of the prior year in US dollar terms and 2% ahead in constant currency terms. The retailer opened 114 net new stores during the year. Food: ...
01 March 2017
Aldi plans to open a flagship online store in China in Q2 on Tmall, Alibaba's B2C marketplace platform. Aldi launches new China corporate website Aldi has launched a new corporate website for its Chinese operation, accessible through  Aldi.com , signalling the discounter's upcoming entry in to Asia. Aldi has confirmed that a soft launch will take place on March 20th with a selected offer ...