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Costco US 3Q17 Update: Comps Improve As Costco Continues to Emphasize The Warehouse Experience

Friday, May 26, 2017
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RNG analysis of Costco's most recent results with drivers, forecast, and initiatives.

Dollar Tree Reports 4% Increase in 1Q17 Sales

Thursday, May 25, 2017
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Dollar Tree has announced a 4% increase in 1Q17 sales to $5.3 billion compared to 1Q16. During the same period comparable sales increased 0.5%. Comparable sales for the Dollar Tree and Family Dollar banners increased 2.5% and 1.2%, respectively. [...more]

Best Buy Reports 1.0% Sales Growth in Q1, Comps Up 1.6%

Thursday, May 25, 2017
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Best Buy has reported 1.0% YoY growth in first quarter total sales to $8.5 billion USD, as well as a 1.6% increase in total comps.

Walmart Launches Flagship Store on JD.com

Thursday, May 25, 2017
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One week after launching a Sam's Club flagship store on JD.com, Walmart has launched its own flagship on the Chinese site. Walmart's shop will feature 1,700 of the most [...more]

Costco Reports Strong Quarter With US Comps 5% for 3Q17

Thursday, May 25, 2017
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Costco reported strong Q3 results with US comps improving to 5% on net sales of $28.22 billion company-wide.

IKEA Launches Voice-Controlled Smart Lights

Wednesday, May 24, 2017
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IKEA has announced that its Home Smart products will respond to voice commands from Alexa, Siri, and Google Assistant starting this summer. The product line will also integrate with Apple’s HomeKit. 

Lowe's Reports 1Q17 Results: 10.7% Total Sales Growth, Comps Up 1.9%

Wednesday, May 24, 2017
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Lowe’s has reported a 10.7% increase in first quarter sales compared to 1Q16, from $15.2 billion USD to $16.9 billion USD, and a 1.9% increase in same-store sales.

Russia’s X5 Retail group to Accept Android Pay Instore

Wednesday, May 24, 2017
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Russia’s X5 Retail Group has announced that it will now accept Android Pay in all its stores. The service became available in more than 10,000 stores under the Pyaterochka, Perekrestok and Carousel banners, located in 57 regions across seven [...more]

IKEA Names Jesper Brodin New CEO

Wednesday, May 24, 2017
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IKEA has named Jesper Brodin, currently responsible for the development of the retailer’s product range and supply chain, as CEO after Peter Agnefjall decided to step down. During Agnefjall’s almost five-year tenure, IKEA expanded its presence in [...more]

Marks & Spencer Reports 2.2% Total Sales Growth in Fiscal 2016

Wednesday, May 24, 2017
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Marks & Spencer has reported fiscal 2016 total sales of £10.6 billion GBP ($13.7 billion USD), a 2.2% increase from the year before.

Rocket Internet Sells 51% of Fashion Site Namshi to UAE’s Emmar Malls for $151 Million

Wednesday, May 24, 2017
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UAE’s Emaar Malls, the malls and retail business owned by property developer Emaar Properties, announced that it will acquire a 51% stake in online fashion retailer Namshi, in an all-cash transaction. Germany’s Rocket Internet sold its stake in [...more]

Walmart Announces Expansion Plan for Florida

Wednesday, May 24, 2017
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Walmart has announced new expansion plans in Florida for FY18, ending January 31, 2018. The retailer will open 9 new stores, remodel 40 existing stores (through a $400 million investment), and open a 150-acre ecommerce distribution center. 

Lidl Launches on Tmall

Tuesday, May 23, 2017
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Lidl has launched on Alibaba's online Chinese platform, Tmall Global. The web shop will offer several of Lidl's private labels. For the time being, the web shop will largely focus on cereal and dry food brands, but the company will most likely [...more]

H-E-B-Owned Central Market Partners with CEA Advisors and Growtainer for Store Grown Initiative in Dallas, TX

Tuesday, May 23, 2017
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Central Market, a H-E-B subsidiary, has partnered with CEA Advisors and completed the construction of an on-site Growtainer in Dallas, TX. The 53-foot custom-built Growtainer provides 480-square-feet of climate-controlled growing space designed [...more]

Ikea Will Open Its First Urban Store, "Ikea Temporary Dormitorios" in Madrid, Spain This Month

Tuesday, May 23, 2017
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Ikea is set to open its "Ikea Temporary Dormitorios" urban concept store on May 25 in Madrid, Spain. 

Showing 1 – 15 of 41499