RetailNow

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eBay Still Lagging Behind Competitors, Despite Faster Growth In Q3

Thursday, Oct 19, 2017

eBay reported total sales growth of 8.1% in its third-quarter results for 2017, with US sales, in particular, growing 4.8% to USD8.87 billion. For the first nine months of 2017, US gross merchandise value was USD26.43 billion, up 2.6% from ...more

ICA Gruppen Receives Greenlight For Lithuanian Acquisition

Thursday, Oct 19, 2017

Sweden-based retail co-operative ICA has received competition authority approval for the acquisition of Lithuanian retail chain IKI. The authority has given its clearance to the deal under the condition that IKI sells 17 specific stores prior to ...more

Coles Invests In Price Cuts In Pursuit Of Woolworths

Thursday, Oct 19, 2017

Australia’s Coles Group has increased its price commitment in an effort to catch up to competitor Woolworths. Coles’ prices have dropped 1% in Q317, 2% in Q417 and 2% in the first quarter of FY18, while Woolworths has made little-to-no change ...more

Magnit Agrees To Buy ETK’s Krasny Yar Chain, Adds 156 Stores

Thursday, Oct 19, 2017

Russia’s leading chain by outlet numbers is set to increase its estate with the purchase of Siberian chain ETK. The deal would include 153 discount stores and three hypermarkets operating under the Krasny Yar and Baton banners in Krasnoyarsk and ...more

Spar International Opens First Convenience Concept In Poland

Thursday, Oct 19, 2017

SPAR International is running its first trial of a convenience format in Krakow. The SPAR Express store is located in the popular tourist district of Wawel and targets on-the-go and impulse purchases. Signage is in Polish and English to cater to ...more

Auchan Debuts Largest Locker Collection Point In France

Thursday, Oct 19, 2017

Auchan Retail has constructed France’s largest Drive locker collection point on the second floor of a hypermarket car park in Saint-Etienne. The site boasts 250 temperature-controlled lockers to cater for Auchan Drive shoppers. Ambient, fresh and ...more

Carrefour Results Put Domestic Struggles In The Spotlight

Thursday, Oct 19, 2017

Carrefour provided its Q3 update yesterday evening, which showed that its French operations (around 50% of its overall business) remain under pressure. Hypermarket (-1.7%) and supermarket (-1.2%) sales both fell, with only convenience and other ...more

Zalando To Step Into The German Beauty Segment In 2018

Wednesday, Oct 18, 2017

Online apparel specialist Zalando will begin selling third party cosmetics, skincare and fragrance brands in German home market from spring 2018. The announcement came as the pure-player warned on profit expectations ahead of its Q3 release next ...more

Rent The Runway Debuts New Lower-Cost Monthly Option

Wednesday, Oct 18, 2017

Online apparel and accessories rental company Rent the Runway has announced a less costly membership option. This allows customers to rent four items from its site, choosing from a curated selection of everyday styles from 200 brands. At the end ...more

Sephora Reconfigures US Management For Better Online-Physical Alignment

Wednesday, Oct 18, 2017

According to a report from WWD, beauty specialist Sephora is revising its US management team to better position it to capitalize on digital opportunities in its physical store base. “We hope to position ourselves for the future which is already ...more

SuperValu Enjoys Wholesale Growth, Acquires Associated Grocers Of Florida

Wednesday, Oct 18, 2017

SuperValu posted a net loss of USD25.0 million in its latest Q2, down from USD31.0 million last year. Sales came in at USD3.8 billion, up from USD2.8 billion last year.

Loblaw To Lay Off 500 Head Office Workers

Wednesday, Oct 18, 2017

Canadian grocer Loblaw is to axe 500 store-support roles as it seeks to reduce costs and increase efficiencies. A Loblaw spokesman said the Canadian grocery industry faced a wide range of pressures and the announced job cuts did not relate to any ...more

JD.Com Debuts Unmanned C-Store Prototypes

Wednesday, Oct 18, 2017

China’s #2 online retailer has revealed two unmanned smart store prototypes. The Unmanned Convenience Store uses various smart technologies for a fully-integrated staff-less solution. The D-Mart Smart Store Solution offers “low-cost wholesale and ...more

Sainsbury’s Cuts 2,000 Jobs In Half-Billion-Pound Cost Drive

Wednesday, Oct 18, 2017

Sainsbury’s is to axe roles in its UK stores and at its HQ as it attempts to trim GBP500 million from operating costs. The bulk of jobs will be in human resources and payroll, where 1,400 positions will be cut. Other changes may see a further 600 ...more

Amazon Begins Trials Of Apartment-Based Locker Scheme

Wednesday, Oct 18, 2017

As it seeks to get closer to consumers, Amazon is working with US landlords to install delivery lockers within apartment buildings. The Hub By Amazon is intended to overcome the issue of parcels cluttering up building’s entrances. The unit ...more

Showing 1 – 15 of 28011