RetailNow

Showing 91 – 105 of 45054

Kesko acquires Finnish wholesaler Heinon Tukku Oy

Friday, May 10, 2019

Finland’s multi-format retail major Kesko has agreed to acquire foodservice wholesaler Heinon Tukku Oy from privately-held Tukkuheino Oy and individual shareholders. The deal will boost the growth of its Kespro HoReCa wholesale arm, which has 14 ...more

Mercator net sales up 1.2% in 2018

Friday, May 10, 2019

Balkan grocery conglomerate Mercator saw a 1.2% sales gain for its FY2018, bringing in EUR2.18 billion in total revenue, with FMCG sales up 3.2% to EUR1.63 billion. This pushed profit to EUR1.6 million, reversing a EUR184.4 million loss in the ...more

SM Retail revenue rises 13% in Q1

Friday, May 10, 2019

Philippines multi-format operator SM Retail has reported a rise in Q1 2019 retail revenues of 13.0% to PHP79.0 billion (USD 1.4 billion). Net income rose 5.0% to PHP2.7 billion (USD 51.7 million). Revenues from SM Retail’s specialty retail stores ...more

Canadian Tire Q1 retail sales grow by 3.3%

Friday, May 10, 2019

Canadian Tire has released first quarter results for the period ended 30 March 2019. Consolidated retail sales increased by CAD91.2 million (USD71.22 million) or 3.3% in the first quarter. Excluding Petroleum, consolidated retail sales were up ...more

Steinhoff posts USD4 billion operating loss for fiscal 2017

Friday, May 10, 2019

South African retailer Steinhoff has reported a USD4 billion operating loss in the 2017 fiscal year, in a much-delayed earnings report revealing the impact of a USD7.4 billion accounting fraud.

The owner of Mattress Firm in the US, ...more

Apple gets ready for first retail store in India

Friday, May 10, 2019

Apple has finalized a short list of locations for its first retail store in India. The iPhone maker has zeroed in on several upscale sites in Mumbai and plans to make a final decision in the next few weeks.

The vetted spots are comparable ...more

Alibaba intensifies push into global ecommerce

Thursday, May 9, 2019

China’s ecommerce leader, Alibaba, has revealed that AliExpress is enabling international vendors to sell on its platform. AliExpress is its cross-border marketplace that connects Chinese sellers with buyers in more than 150 countries. The change ...more

Ocado invests in London robot chef start-up

Thursday, May 9, 2019

Ocado has led a GBP7 million investment in robot chef start-up Karakuri in a bid to boost its ready-made food offerings. London-based Karakuri's first product is the Marley robot system, which can make customized ice-cream orders and cocktails. ...more

Carrefour weighs sale of China business

Thursday, May 9, 2019

Carrefour is reportedly weighing options including a sale of its Chinese business, mirroring other international consumer firms that have decided to exit the country in recent years.

The French retail giant is working with an adviser and ...more

Walmart India to deepen kirana integration

Thursday, May 9, 2019

Walmart is eyeing another acquisition in the retail space and is in talks with StoreKing, a Bengaluru-based tech company that connects kirana stores in rural areas to brands and suppliers.

To begin with, Walmart is set to enter into a ...more

Morrisons LFL sales up 2.3% in Q1

Thursday, May 9, 2019

UK grocer Morrisons has reported like-for-like sales growth of 2.3%, excluding fuel, for its first quarter of 2019. Retail sales for the quarter grew by 0.2%, while the retailer’s wholesale operations exhibited a growth of 2.1%. Total sales grew ...more

Metro LFL sales up 1.2% in Q2

Thursday, May 9, 2019

Metro AG has reported sales growth of 0.2% to EUR6, 752 million in Q2 2019. Like-for-like sales grew by 1.2%. Growth was driven by Eastern Europe (excluding Russia) which grew by 6.8% and Asia which grew by 3.6%. In Western Europe, excluding ...more

Aldi Spain launches new fresh private label

Thursday, May 9, 2019

Aldi has launched a new private label dubbed 'El Mercado de Aldi,' in Spain as it intends to reinforce its commitment to fresh products. 'El Mercado de Aldi' approximately includes 300 references of fruits, vegetables, meat, fish and eggs. It ...more

Casino French hypermarkets expand non-food brand ‘corners’

Thursday, May 9, 2019

Casino plans to increase the number of ‘corners’ in its French hypermarkets and has introduced various inserts with external partners in the past few months. The Group has tied up with specialized operators in the categories of jewelry, DIY, toys ...more

Walmart US raises minimum age for tobacco sales to 21

Thursday, May 9, 2019

Walmart US will increase the minimum age to buy tobacco products. The retailer has announced that it will stop selling tobacco or e-cigarettes products to anyone under the age of 21. The changes will take effect from 1 July at all Walmart and ...more

Showing 91 – 105 of 45054