RetailNow

Showing 1 – 15 of 41492

Best Buy Extends Healthcare Reach With Buyout Of GreatCall

Thursday, Aug 16, 2018

US consumer electronics giant Best Buy has announced the $800m purchase of digital senior healthcare specialist GreatCall. GreatCall has 900,000 US subscribers and revenues of $300m . It is best known for the Jitterbug senior-friendly ...more

Tencent Revenue Growth Hit By Online Gaming Slowdown

Thursday, Aug 16, 2018

Slowing growth from online games impacted Chinese tech giant Tencent’s earnings in Q2. Year-on-year revenue growth from online games, its biggest source of income, decelerated to 6%. Revenues from online games was CNY25.3 billion and made up 34% ...more

Sam’s Club Converts Closed Store To Online Fulfilment Centre

Thursday, Aug 16, 2018

A Sam’s Club that closed earlier this year in Matteson, Illinois, will be transitioned into an ecommerce fulfillment centre for the retailer. This is Sam’s Club’s second ecommerce distribution hub in the United States, according to the ...more

Lidl Denmark Introduces App-Based Loyalty Programme

Thursday, Aug 16, 2018

Lidl Denmark has announced the launch of the Lidl Plus app, a new digital customer club programme. The new app is free and comes pre-installed with DKK30 (approx EUR4) as a welcome gift for use in Lidl's stores. One of the main advantages of the ...more

Alibaba Opens New Retail Innovations Showcase In Singapore

Thursday, Aug 16, 2018

Alibaba is planning to set up a demonstration centre in Singapore to showcase its “new retail” technologies. These include facial recognition payment systems and shopping using mirrors fitted out with augmented reality capabilities. The demo ...more

Macy’s Optimistic Investments Will Pay Off Despite Declining Footfall

Thursday, Aug 16, 2018

Macy's net income rose to USD166 million in its second quarter, up from USD111 million in that same period last year. Same-store sales were up 0.5%. When looking at H1 2018, comparable sales on an owned basis were up 1.9% compared to the first ...more

Metro Inc. Sees Sales Uptick From Drugstore Acquisition

Thursday, Aug 16, 2018

Canada’s Metro saw sales dip in its third quarter, with net earnings of CAD167.5 million, down 8.5%. However, overall sales of CAD4.6 billion were up 13.8% and up 2.4% when excluding the Jean Coutu Group. Food same-store sales rose 2.0% while ...more

ICA Gruppen Warns On Outlook Despite Solid H1

Thursday, Aug 16, 2018

Leading Swedish grocer ICA reported that consolidated net sales amounted to SEK29.26 billion, an increase of 4.7% in its Q2. Like-for-like sales rose 2.1% thanks to the good weather and accelerating food inflation. However, profitability was ...more

Tegut Launches New Entry-Level Private Label

Thursday, Aug 16, 2018

German retailer Tegut has announced the launch of Jeden Tag, a brand that will offer up to 700 daily products at permanently low prices. Jeden Tag will gradually replace products offered under its private label, Tegut…kleinster Preis. However, ...more

Kingfisher Sees Sales Uplift From Britain’s Hot Summer

Thursday, Aug 16, 2018

Kingfisher-owned DIY specialist B&Q notched up like-for-like growth of 3.6% in its second quarter, helped by good weather. Total sales at B&Q UK and Ireland advanced 3.9% in the period to 31 July. This followed a tougher start to the year when ...more

BIM Maintains Strong Sales Gains And Store Growth

Thursday, Aug 16, 2018

Turkish discount operator BIM posted Q2 revenue of TRY7.79 billion ( 26% YoY) and TRY14.77 billion for H12018. Net income of TRY293 million represented a 35% YoY gain. Its FILE supermarket banner delivered positive EBITDA for the first time, with ...more

Lagardère Travel Retail Buys US Airport Foodservice Specialist

Thursday, Aug 16, 2018

Lagardère Travel Retail has agreed the acquisition of 100% of Hojeij Branded Foods (HBF). This will be combined with Paradies Lagardère, the organisation’s North American division. Combining the activities of Lagardère Travel Retail and HBF would ...more

Stockmann Claims Cost Efficiency Drive Is Producing Results

Thursday, Aug 16, 2018

In its Q2 period, Finnish retailer Stockmann’s net sales were overall flat at EUR279.4 million. Stockmann Group's second quarter was good. The adjusted operating result was EUR23.8 million, up from EUR14.6 million last year. Gross margin ...more

Chedraui Pledges New Funding For Its Online Offer

Thursday, Aug 16, 2018

Chedraui is making new investment in its ecommerce platform. The Mexican retailer says it expects to achieve 1% of total sales online this year. Its ecommerce offer is focused mainly on home-delivered grocery.

Kroger Takes Our Brands Overseas Via Alibaba’s Tmall

Wednesday, Aug 15, 2018

US grocer Kroger is opening a Tmall Global storefront to sell its private label ranges. The portal will initially offer its Simple Truth natural and organic lines. If successful, Kroger will likely bring more of its Our Brands portfolio to the ...more

Showing 1 – 15 of 41492