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Mercadona - Valencia, Spain - Jul 2017

Thursday, Aug 10, 2017

Mercadona is a supermarket chain in Spain offering food items, personal care products, and household essentials. The store also carries alcohol and prepared food items such as sushi and fresh-squeezed orange juice.

Ahold Delhaize Enjoys Strong Post-Merger Gains, But Challenges Remain

Wednesday, Aug 9, 2017

One year on from its merger, Ahold Delhaize has today posted an impressive set of Q2 results. These suggest that the hoped-for synergies much discussed pre-merger are being achieved. In H1, the business delivered net synergies of EUR117 million [...more]

Australia’s Metcash Makes Further Inroads Into China With Suning Deal

Wednesday, Aug 9, 2017

China’s Suning Commerce Group has signed a co-operation agreement with Australian grocery wholesaler Metcash. The deal will enable the latter to introduce more Australian and New Zealand products to Chinese consumers.

SM Retail Delivers Stable Growth In First-Half

Wednesday, Aug 9, 2017

SM Investments, the owner of SM Retail in the Philippines, has reported financial results for H1 2017, highlighting net income growth of 9% to PHP16.6 billion. Excluding one-time items in 2016, recurring income increased 16% in the first six [...more]

Meijer Partners With Spectrum Health On Co-Branded OTC Line

Wednesday, Aug 9, 2017

Meijer and Spectrum Health will join forces to launch a line of co-branded over-the-counter products. The line will be available in 23 Meijer stores throughout a 13-county region. It will feature 22 common OTC products such as antibiotic oils, [...more]

KFC Offloads Thailand Business To Local Operator

Wednesday, Aug 9, 2017

Thai Beverage Public has announced an asset sale and purchase agreement with Yum Restaurants to acquire more than 240 existing and a number of developing KFC stores in Thailand.

Amazon Files Patent For Roving Drone Maintenance Hub Network

Wednesday, Aug 9, 2017

Amazon has filed a patent for a land-based, mobile network that could act as both a roving warehouse to carry inventory and as a traveling maintenance shop for a fleet of unmanned aerial vehicles.

McDonald’s New Chinese Operator Sets Out Its Future Vision

Wednesday, Aug 9, 2017

QSR giant McDonald’s has ratified its franchise agreement with CITIC and Carlyle Group for its China and Hong Kong business. The new owners wasted no time in setting out what it calls its Vision 2020 strategy.

Walmart To Roll Out Scan And Go App To More US Stores

Wednesday, Aug 9, 2017

Walmart is launching a wider rollout of its Scan & Go mobile app, which is currently being tested in approximately 12 stores across Northwest Arkansas, Florida, Texas and Georgia. The chain is now rolling out the app for use in at least 10 [...more]

Office Depot Continues to Shed Sales in Difficult Second Quarter

Wednesday, Aug 9, 2017

Office supplies specialist Office Depot saw sales slide again in its second quarter. Reported sales were USD2.4 billion versus USD2.6 billion in 2Q16, a 9% decline. Operating income came in at USD46 million with net income of USD24 million. Net [...more]

Lowe’s Lays Off Delivery Workers As It Transitions To Third Party Fulfillment

Wednesday, Aug 9, 2017

Home supplies specialist Lowe’s is to cut an undisclosed number of delivery roles in a further round of staff downsizing. The move comes as it shifts to a third party provider for its delivery needs. In the past year, almost 3,000 roles have been [...more]

Walmart Reportedly In Acquisition Talks With Birchbox

Wednesday, Aug 9, 2017

Beauty subscription start-up Birchbox has discussed a possible sale with several retailers, including Walmart. Tech portal Recode cites multiple sources as saying talks have taken place between the parties. Both Walmart and Birchbox declined to [...more]

Steinhoff International Reveals Plans to Take Control of Shoprite

Tuesday, Aug 8, 2017

After merger plans collapsed in February due to shareholder’s veto, Steinhoff International now intends to leverage call options with shareholders of South African operator Shoprite. The proposed deal is valued at ZAR35.5 billion (USD2.75 [...more]

H-E-B to Open Its First BBQ Drive-Thru

Tuesday, Aug 8, 2017

H-E-B will open the first drive-thru window for its True Texas BBQ chain of instore restaurants on 11 August, according to KSAT-TV, an ABC-affiliated television station in San Antonio.


CVS Health Q2 Performance Boosted By Better-Than-Expected Pharmacy Showing

Tuesday, Aug 8, 2017

CVS posted softer same-store sales for its 2Q17 period. However, overall revenues were up 4.5% on the back of stronger pharmacy segment sales and a strong showing by the CVS Caremark division. Pharmacy same-store sales slid 2.8%, with front-end [...more]

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