RetailNow

Showing 1 – 15 of 44429

Amazon blocks ads for unprofitable products

Friday, Mar 22, 2019

Amazon is aggressively blocking money-losing products from advertising on its site. In recent months, Amazon has been telling more vendors, or brand owners who sell their goods wholesale, that if Amazon can't sell those products to consumers at a ...more

Target trials self-service, grab-and-go concept

Friday, Mar 22, 2019

Target is trialing a self-service, grab-and-go concept called Snack Bar at select locations across the US. A Snack Bar at a Northeast Minneapolis Target, for instance, features pizza, popcorn, salads and other grab-and-go snacks like beef jerky, ...more

Co-op UK launches electric bike delivery service

Friday, Mar 22, 2019

The Co-operative Group UK has launched its first online delivery service with the use of electric cargo bikes. Shoppers can order products via a dedicated website, with a courier delivering the items by electric bike within two hours for a ...more

Coles adds grocery essentials to UberEats delivery trial

Friday, Mar 22, 2019

Australian supermarket chain Coles will make a selected range of supermarket essentials available for home delivery as part of the partnership with intermediary UberEats that previously has focused on delivery of prepared meals from a single ...more

Alibaba, Tencent said to be eyeing AS Watson stake

Friday, Mar 22, 2019

Singapore state investment fund Temasek is reportedly looking to offload its 10% stake in Hong Kong-based global health & beauty giant AS Watson. The stake is valued at around USD3 billion and it is reported that both Tencent and Alibaba are ...more

Alibaba Fliggy launches own shopping portal

Friday, Mar 22, 2019

Alibaba’s travel specialist Fliggy has launched a shopping site to capture tourist spend with in-moment purchases. A new tab on the Fliggy app alongside the booking services suite allows users to browse and choose products, make purchases and ...more

AS Watson announces strong growth in FY 2018

Friday, Mar 22, 2019

AS Watson has announced its revenue grew by 9.0% in the year ended 31 December 2018. The retail division had 14,976 stores across 24 markets at the end of 2018, a 6% increase compared to last year. Total revenue, EBITDA and EBIT of HKD168,991 ...more

Sonae reports 8.1% turnover growth in FY 2018

Friday, Mar 22, 2019

Sonae’s turnover grew by 8.1% to EUR5,951 million in 2018, with growth across all business units. The company has improved its profitability, as underlying EBITDA grew 8.4% to EUR372 million. Net profit also increased by 33.7%, from EUR166 ...more

Alibaba extends deal with Spain's postal carrier to boost exports

Friday, Mar 22, 2019

Alibaba and Spain’s national carrier Correos have reached an agreement which will see the postal service partner with Alibaba logistics arm Cainiao and its B2C marketplace AliExpress. The goal will not only see Alibaba lend its expertise to ...more

Schwarz Group restructures top-level management committee

Friday, Mar 22, 2019

Schwarz Group, the operator of Lidl and Kaufland, has undertaken a comprehensive structural change of the 12-member Schwarz Unternehmensstreuhand KG (SUT) Supervisory Board. Former Google manager Sarah Fix-Bähre and ex-Edeka IT director Reinhard ...more

eBay adds Google Pay as new payment option

Friday, Mar 22, 2019

Customers on eBay will soon be able to pay for purchases with the Google Pay digital payment platform. Beginning in April, users of Android devices can complete eBay transactions using Google Pay via the app, mobile web and on the desktop from ...more

Starbucks invests in new fund for food, retail start-ups

Friday, Mar 22, 2019

Starbucks is looking to boost its future growth with innovative start-ups and an updated customer experience.

The coffee giant has invested USD100 million in Valor Siren Ventures, a new fund that seeks to grow the next generation of food ...more

Future Group appoints CEO for 7-Eleven operations

Friday, Mar 22, 2019

Future Group has appointed Hardeep Singh as the Chief Executive Officer (CEO) for the 7-Eleven retail stores in India. He had joined Future Group last year by virtue of the acquisition of Vulcan Express by the group. Future Group will be ...more

Action BV posts 23.3% growth in another strong year

Friday, Mar 22, 2019

Netherlands-based value retailer Action’s turnover reached EUR4.2 billion in 2018, representing a growth of 23.3%. Like-for-like growth came in at 3.2%. The company opened 230 new stores in seven countries during the year. EBITDA increased by ...more

Myer axes 50 management staff, marketing lead

Friday, Mar 22, 2019

Myer has cut a further 50 positions from its store management and store support team, including group General Manager of marketing Andrew Egan. The cuts are the second round of large scale lay-offs for the department store in the last eight ...more

Showing 1 – 15 of 44429