Global retailing news

28 February 2017
7-Eleven Malaysia’s revenue has increased by 4.8% to MYR2.1bn (US$ 473m) from RM2.0bn (US$ 451m) for the financial year ended Dec 31, 2016. Revenue improves but profit declines For the fourth quarter, the group’s revenue has grown 4% to MYR524m (US$118m). The profit before tax has dropped 39% from MYR20m (US$4.5m) for the same period last year, due to higher selling and distribution ex...
23 February 2017
It’s reported that Walmart aims to add 30 to 40 new stores in China, including three to five Sam’s Club outlets, in 2017. It will also upgrade current stores and continue to work with JD.com. Solid performance drives expansion Walmart has seen healthy growth in China in the latest quarter,  with 2.3% like for like increase . This follows its strategic partnership signed with JD.com to e...
23 February 2017
Spain-based DIA has announced FY2016 results saying that excluding the effects of currency moves, gross sales under banner rose 10.2% to €11.63 bn. Including the effects of currency, gross sales were flat at €10.55 bn. The retailer said it had enjoyed positive like-for-like sales in all its operating markets. This was particularly encouraging given the challenges it has faced in Portugal and give...
21 February 2017
In separate developments, France-based Auchan has looked to support its multichannel capabilities in its home market and Romania. Meanwhile, in Asia, Sun Art, in which Auchan holds a stake, has reported FY results showing the growing importance of initiatives supporting it shift to an online to offline-focused strategy. Auchan trialling home delivery service in Bordeaux According to reports...
21 February 2017
Ecommerce giant Alibaba Group has formed a strategic partnership with Chinese retail conglomerate Bailian Group. The cooperation Alibaba and Bailian will initially cooperate on supply chain technology using Alibaba’s big data capabilities as well as integrating Alipay payments with Bailian Group’s existing membership programme.  Alibaba has been extending its reach offline to provide a b...
21 February 2017
We review Walmart’s fourth quarter and full year results, and the drivers behind its improved performance. Walmart by the numbers Walmart’s total revenue increased by 1.0% in the fourth quarter to $130.9bn Sales in its US stores and Sam’s Club divisions increasing by 2.8% and 2.3% (ex-fuel) respectively  International net sales were down 5.1%, although increased by 3...
17 February 2017
Tesco has partnered up with local Karachi-based Alpha Supermarket to stock its products in 50 Express convenience stores and four Alpha stores over the next three years. Exclusive partnership Alpha Supermarket will be the exclusive partner for Tesco in Pakistan, offering Tesco’s private labels, including Tesco Goodness, Tesco Finest, and Tesco Everyday. It will offer a complete range of Tes...
06 February 2017
Major Japanese convenience store operator Lawson has announced that it has agreed with industry peer Save On Corp. to change some 500 Save On outlets into Lawson stores by the end of 2018. Store network expansion Lawson, which has some 13,000 stores, lags industry leader Seven-Eleven Japan. and the recently merged FamilyMart UNY in terms of the number of outlets. The addition of the Save...
01 February 2017
Lawson, one of the largest convenience store operators in Japan, accepts Alipay at all outlets. This tie-up gives Lawson an advertising boost on Alipay and access to data on Chinese tourists’ shopping preferences. First mover advantage with Alipay partnership Lawson has become the first convenience store chain to accept Alipay at all its outlets. With this partnership, Chinese users in ...
25 January 2017
India's largest grocery retailer has announced a major reshuffle of its senior managers, as it looks to treble its revenue by 2021. New positions in FMCG, supply chain and marketing As part of the restructure, Future Group has appointed a new CEO of its consumer goods function, CEO of its supply chain and logistics, and a new head of marketing: Devendra Chawla will become CEO of Futur...