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 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.
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]
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 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 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 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 has reported fiscal 2016 total sales of £10.6 billion GBP ($13.7 billion USD), a 2.2% increase from the year before.
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 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.
Walmart will remodel 400-640 stores this year to give its network a more modern layout. The stores will feature a lounge-like area for in-store pickup, which will be moved to the front of the store. They will also have more fresh and organic [...more]
UK discount arts and books retailer The Works is expected to be made public or sold by its private-equity owner Endless, as it has appointed the bank Investec to begin preparing a listing or sale for 2018.
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 is set to open its "Ikea Temporary Dormitorios" urban concept store on May 25 in Madrid, Spain.
Amazon has added beauty retailer Sally Beauty to its Prime Now delivery service in the Dallas-Fort Worth area, allowing shoppers to order hair and beauty care products as well as small appliances and have them delivered in one to two hours.
Fresh Story - New York, New York - May 2017
Argos - Kensington, United Kingdom - May 2017
Raley's - Sacramento, California - Apr 2017
Whole Foods Market - Boston, Massachusetts - Apr 2017
Target - Spring, Texas - Apr 2017
We track the latest and most innovative retail developments and topics that promise to impact your future business. From new store prototypes and technology breakthroughs to perspective on the shifting retail landscape, this is your stop for what we believe to be the most transformational topics that you need to be preparing for.