RetailNow

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Walmart Claims Omni-Channel Shift Prompted Legal Name Change

Thursday, Dec 7, 2017

Walmart will officially change the name of its legal entity as of February 2018. From March next year, the company will drop the Wal-Mart Stores, Inc. name and become Walmart, Inc. The change is intended to better reflect its repositioning as an ...more

Fred’s Considering Specialty Pharmacy Sell-Off As Losses Mount

Thursday, Dec 7, 2017

US value chain and pharmacy operator Fred’s recorded a Q3 net loss of USD51.8 million. This was a substantial increase on the loss of USD38.4 million posted in Q3 2016. Net sales were USD493.6 million, down 4.5% from USD516.6 million last year. ...more

Metro Abandons AWS For Google Cloud

Thursday, Dec 7, 2017

Metro Cash & Carry will move its ecommerce platform to Google's Cloud from Amazon Web Services. At the Google Cloud Summit congress on Wednesday in Munich, Metro CIO Timo Salzsieder announced the plan. "For us, Google Cloud’s reliability and its ...more

Coop Sweden Facilitates Shopping List Creation Via Voice

Thursday, Dec 7, 2017

Coop Sweden has introduced a new feature to its mobile app. This allows customers to create a shopping list using their voice. The retailer says the voice-controlled list is easy to use. Customers open the shopping-list section in their app, ...more

RangeMe Verified Brands Feature Debuts On Product Discovery Platform

Thursday, Dec 7, 2017

San Francisco-based RangeMe has launched RangeMe Verified brands, a premium service it says will allow buyers to more quickly identify market-ready products and businesses, while giving suppliers increased visibility opportunities. By launching ...more

Spinneys Adding 18 New UAE Stores By 2020

Thursday, Dec 7, 2017

Supermarket chain Spinneys Dubai plans to open 18 UAE stores by 2020 as part of an expansion drive. It will also open a new headquarters in Dubai’s Meydan area by April 2019 featuring a flagship store and a cookery school. This will increase ...more

Dollarama Maintains Strong Canadian Growth In Q3

Thursday, Dec 7, 2017

Canadian value chain Dollarama earned CAD130.1 million in its third quarter. This was up from CAD110.1 million in the same quarter last year, boosted by higher sales. Sales in the 13 weeks ended 29 October totalled CAD810.6 million, up 9.7% from ...more

Hudson’s Bay Losses Mount As It Struggles To Digitize Its Business

Thursday, Dec 7, 2017

Hudson's Bay Q3 sales were CAD2.47 billion, a decrease of CAD109.28 million or 4.2%. This was driven primarily by lower overall comparable sales of approximately CAD81.18 million and negative foreign exchange impacts of CAD49.96 million.

Lowe's Expands Canadian Head’s Role To Lead International

Thursday, Dec 7, 2017

Lowe's Companies announced that Sylvain Prud'homme has been appointed President, International, effective 15 December. He will report to Chairman, President & CEO Robert A. Niblock and will remain based in Boucherville, Quebec.

Amazon Debuts Prime Subscription Service In Singapore

Wednesday, Dec 6, 2017

Having made its market debut in July with free two-hour delivery, Amazon has now introduced Prime membership in Singapore. The move is expected to intensify competition with Alibaba-backed Lazada, which already operates a subscription programme ...more

Walmart To Merge Brazilian Online & Offline Operations And Launch Marketplace

Wednesday, Dec 6, 2017

Walmart Brasil has announced a new O2O initiative that will align its operational model closer to that of its US parent. The move will begin by bringing its physical stores and ecommerce divisions under one roof. It will then extend to ...more

Kroger Data Analytics To Drive Next Stage Of Restock Scheme

Wednesday, Dec 6, 2017

Speaking at an industry conference, Kroger CFO Mike Schlotman gave an update on the company’s Restock initiative. He emphasised the part played by its 84.51° research arm in efforts to localise, personalise and tailor its assortment to shopper ...more

FamilyMart UNY to Launch In-Store Fit&GO 24/7 Fitness Centers

Wednesday, Dec 6, 2017

Japanese convenience operator FamilyMart UNY is entering the fitness business. In February 2018 it will debut Fit&GO, 24-hour health centers adjoining store locations. Fit&GO will operate as a division of the larger corporation and targets ...more

Steinhoff CEO Resigns As Accounting Investigation Intensifies

Wednesday, Dec 6, 2017

Steinhoff International has announced the resignation of CEO Markus Jooste. The South Africa-based retail conglomerate also stated it had called in PwC for an “independent investigation” of alleged accounting irregularities. The company has been ...more

McDonald’s Introduces New Value Menu As US QSR Price War Heats Up

Wednesday, Dec 6, 2017

US hamburger giant McDonald’s plans to introduce a new tiered value menu. The menu will offer items at USD1, USD2 and USD3 price points. It will exist alongside current value offers like the McPick 2, which have been credited with underpinning ...more

Showing 61 – 75 of 43728