RetailNow

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Grocery Outlet Bargain Market - Oakland, California - Oct 2017

Tuesday, Oct 17, 2017

Grocery Outlet offers brand groceries and farm fresh organic produce for prices that are 40-70% lower than those at traditional grocery stores. It operates by purchasing nearly expired stock and selling it at a major discount. The retailer uses ready-shelf packaging to reduce costs even further and offers everything from produce and meat products to wine.

Whole Foods Market to Close Down Store in Washington

Monday, Oct 16, 2017

Whole Foods is shuttering one of its five 365 stores in Wshington. 

Auchan Offloads 20% Stake in Ukraine Chain Furshet

Monday, Oct 16, 2017

Auchan has disposed of its stake in Ukranian supermarket chain Furshet to VI2-Partners Investment. This is another step in Auchan’s broader strategy of streamlining its portfolio and unifying its formats under one brand.

Matsumotokiyoshi Eyes Drugstore Growth in Taiwan

Monday, Oct 16, 2017

Japanese drugstore chain Matsumotokiyoshi is seeking to expand in Thailand, the company announced on Friday. It will partner with a local manufacturing and logistics company. 

Amazon Reportedly Taking Aim at the Sportswear Sector

Monday, Oct 16, 2017

Amazon is seeking to enter the high-growth sportswear sector and enlisting some of the world’s biggest athletic wear suppliers in this effort. 

Plus CEO Will Step Down in Mid-2018

Monday, Oct 16, 2017

Plus CEO Jan Brouwer will be stepping down as of mid-2018, the Dutch retailer has confirmed. Brouwer announced his departure personally at a shareholders meeting. 

X5 Retail Group Opens New-Concept Karusel with Foodservice to the Fore

Monday, Oct 16, 2017

X5 Group in Russia has opened its first Karusel hypermarket under its new, foodservice-centric concept. 

Carrefour Debuts a Crowdsourced Delivery Platform in France

Monday, Oct 16, 2017

Carrefour in France has debuted a “collaborative delivery” platform, which seeks to establish a community of customers who will deliver grocery orders to other shpppers on their route home. 

Alibaba Moves into Quantum Computing Research, Focuses on IoT

Monday, Oct 16, 2017

Internet of Things sector. Its first move in that direction is to rebrand its existing YunOS operating system to AliOS, an operating system offering OS solutions for mobile, industrial and IoT devices.


Carrefour CFO Sivignon Steps Down with Immediate Effect, Replacement Announced

Monday, Oct 16, 2017

Carrefour has announced the appointment of Matthieu Malige as its new CFO, following the sudden departure of Pierre Jean Sivignon from the position. Malige’s appointment is effective immediately. 

Walmart Offers Details on Chinese Store Openings Plans

Monday, Oct 16, 2017

Walmart is planning to ramp up its hypermarket openings in China, focusing on a compact hypermarket format and upgraded facilities. 30-40 hypermarkets are set to open in the country every year, including in major and smaller cities. The ...more

Domino’s Pizza Grows Same-Store Sales In Q3

Friday, Oct 13, 2017

Domino's Pizza announced results for the third quarter of 2017. It saw strong growth in same-store sales, global store counts and earnings per share. Domestic same-store sales grew 8.4% during the quarter v/s the year-ago period, which represents ...more

Amazon, Microsoft Join Forces For Open Source Deep Learning Project

Friday, Oct 13, 2017

Amazon and Microsoft have announced a second partner project in as many months, this time focused on deep learning. On Thursday the two companies rolled out new tools that will make it easier for developers to use open-source artificial ...more

Magnit Acquires 500-Store Holiday Group Chain In Siberia

Friday, Oct 13, 2017

Negotiations are underway between Russia’s second-biggest grocer Magnit and Siberia-based supplier Holiday. According to preliminary agreements, Magnit will acquire the Holiday Classic, Sibiriada, Planet Holiday, Cora, Tournai and Chamber ...more

Cnova Sees Significant Revenue Gains In Latest Quarter

Friday, Oct 13, 2017

Cnova, Casino’s e-commerce division, has reported strong Q3 results. Net sales grew to EUR539 million, marking 18% like-for-like growth. This resulted from a spike in traffic of 16% to 222 million visits, to the retailer’s e-commerce platforms, ...more

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