RetailNow

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Target Q1 2018: Investments In Fast Fulfilment Underpin Solid Comp Gains

Friday, May 25, 2018

RNG's analysis of Target's most recent results with drivers, forecast, and initiatives in the US.

Alibaba Debuts 24-Hour Self-Service Alipay ‘Future Drugstore’ In China

Friday, May 25, 2018

Alibaba’s Alipay has opened its first Future Pharmacy in Zhengzhou. Payment is authenticated via facial recognition verification, allowing prescription pickup without official ID. The store also offers telemedicine services, consultation ...more

Best Buy Exceeds Expectations In Latest Quarter, Though Online Sales Slow

Friday, May 25, 2018

US consumer electronics giant Best Buy posted a 7.1% comp gain in its first quarter to 5 May. This solid performance was slightly overshadowed by a slip in online sales growth to 12% from the prior-year 22.5%.

Alibaba Funds VR-Focused Wholesale Platform To Drive Its Luxury Business

Friday, May 25, 2018

Alibaba has taken a minority interest in Ordre, a European online luxury wholesale platform. Ordre, launched in 2015, allows fashion designers to show off their collections via 360-degree photography and virtual reality to interested wholesale ...more

JD.Com To Transition 800 Chinese Warehouses To Unmanned Operation Within Five Years

Friday, May 25, 2018

JD.com plans to transform 800 logistics centres into unmanned warehouses gradually across the country within the next five years, said Richard Liu, Chairman & CEO of the company. JD has built an unmanned businesses-to-consumer warehouse in ...more

Intermarché To Open Senior Shopper-Friendly Concept Called Bien Chez Moi

Friday, May 25, 2018

French retail group Mousquetaires will open a new-concept outlet called Bien Chez Moi in September. The store is designed to be tailored to elderly shoppers and has been created in consultation with loyal senior shoppers of Intermarché.

JD.Com Debuts First In-Car Fulfilment Service In China

Friday, May 25, 2018

JD.com, which claims to deliver over 90% of its orders same- or next-day, will debut a new in-car delivery service in partnership with leading electric vehicle company NIO. The new service allows customers to have their purchases dropped off in ...more

Suning Completes Successful Trial Of Fully Autonomous Heavy Goods Vehicle

Friday, May 25, 2018

Suning Logistics, a subsidiary of Chinese commercial giant Suning Holdings Group, has completed driving tests for its autonomous heavy-duty truck, "Strolling Dragon," in Shanghai. This marks another milestone in the company's plan to offer ...more

Target Unveils Three New Brands Targeting Gen Z Shoppers

Friday, May 25, 2018

Target is adding three new lines to its line-up of exclusive house brands. The new brands were designed for Target’s “younger guests” (described as teens and young adults). They include the chain’s first electronics owned brand, Heyday, along ...more

Wesfarmers Offloads UK Homebase Chain To Hilco For A Nominal Sum

Friday, May 25, 2018

The Australian owner of Homebase has sold the DIY chain for GBP1, ending its disastrous foray into the UK. Wesfarmers paid GBP340 million for the retailer two years ago, but losses and other costs will bring its total bill to about GBP1 ...more

Tesco To Ban Non-Recyclable Plastic Packaging By 2019

Friday, May 25, 2018

Tesco has announced it will ban all non-recyclable plastic by 2019, in a move campaigners have cautiously welcomed as “raising the bar on problem plastics”. The supermarket giant has called on the UK government to help establish a consistent ...more

Cencosud Bottom Line Hit By Currency Factors, Online Growth Remains Strong

Friday, May 25, 2018

Revenues at LATAM retail giant Cencosud decreased in comparison to 1Q17 impacted by currency depreciation against the CLP in all countries the company operates and food deflation in Brazil and Peru. The online channel of the retail businesses ...more

Gap Sales Momentum Slows As Old Navy Breaks Its Winning Streak

Friday, May 25, 2018

Same-store sales at the Gap brand fell 4%, flat from a year ago. Same-store sales at Old Navy were up only 3%, much less than an 8% jump during the same period in fiscal 2017. Net income was USD164 million in the period ended May 5, compared with ...more

PetSmart Brings New CEO On Board

Friday, May 25, 2018

PetSmart has announced the appointment of JK Symancyk as Chief Executive Officer. He will assume leadership of the company the week of 11 June and will join PetSmart’s Board of Directors.

McKesson Grows Full-Year Revenue, But Profits Fall Short Of Forecast

Friday, May 25, 2018

McKesson has announced Q4 and full-year results where it highlighted revenue for fourth quarter of USD51.6 billion, up 6% compared to USD48.7 billion last year. On a constant currency basis, a 4% revenue increase was recorded compared to the ...more

Showing 1 – 15 of 41054