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Exito Enjoys Strong H1 on Back of Better Brazilian Showing

Friday, Aug 18, 2017

Casino-operated Exito in LATAM has reported its results for the second quarter. Consolidated net revenues grew by 11.8% in 2Q17 and by 12.4% in H1 2017. This was driven by the strong consolidated net sales performance in both periods derived by [...more]

CP All Celebrates 7-Eleven Milestone In Thailand

Friday, Aug 18, 2017

7-Eleven outlets in Thailand passed the 10,000-store mark in June. Local franchisor CP All said it had 10,007 c-stores in operation by the end of the month. This growth rate exceeds that achieved in Japan, CP All claims. The first Thai 7-Eleven [...more]

Ross Stores Continues to Benefit From Shopper Enthusiasm For Off-Price

Friday, Aug 18, 2017

Off-price clothing operator Ross Stores delivered sales of USD3.43 billion in its latest Q2. This was a rise of 8% on the prior-year-figure. Comp sales rose 4%, with an operating margin of 14.9%. Shopper demand for the off-price proposition – as [...more]

Gap Revival Largely Driven By Gains At Old Navy

Friday, Aug 18, 2017

US-based apparel specialist Gap has surprised many with its Q2 performance. Overall, same-store sales were up 1%. This represented a third consecutive quarterly increase for the embattled retailer. By brand, comps rose 5% at Old Navy Global, but [...more]

Home Depot Converting 50 Rooftops To Solar Farms

Friday, Aug 18, 2017

The Home Depot announced that it is to install solar panels at 50 of its stores as part of a broader initiative towards sustainable energy use. The project will reduce electricity grid demand by an estimated 30 to 35% annually at each Home Depot [...more]

eBay Helps Facebook Boost Mobile Marketplace Sales

Friday, Aug 18, 2017

Facebook is teaming up with eBay to bolster third party sales. Facebook’s Marketplace service now features a selection of inventory from eBay’s Daily Deals programme. The deals will cover consumer electronics, fashion, and home & garden [...more]

Ebay Teams Up with Facebook to Boost Mobile Marketplace Sales

Friday, Aug 18, 2017

Facebook is teaming up with eBay to bolster third party sales. Facebook’s Marketplace service now features a selection of inventory from eBay’s Daily Deals program. 


Lush to Roll Out Subscription Service to the UK

Friday, Aug 18, 2017

Natural cosmetics manufacturer and retailer Lush is rumoured to be extending its subscription service to the UK market. 

Etude House Launches Experiential Malaysian Flagship

Friday, Aug 18, 2017

Etude House is launching its flagship location in Malaysia today, at Sunway Pyramid in Selangor. 

Netto Announces New Country Director for Sweden

Friday, Aug 18, 2017

Netto, part of Dansk Supermarked, has announced the appointment of Anders Wennerberg as its new Country Director for operations in Sweden. 

Saks Fifth Avenue to Open AR-Enhanced Salon Concept

Thursday, Aug 17, 2017

HBC subsidiary Saks Fifth Avenue is partnering with Joel Warren, co-founder of the Warren-Tricomi hair salon chain on an initiative titled The Salon Project. The new concessions at Saks will offer hair care, skin care and beauty services along [...more]

CVS Acquires Midwest-Based Fagen Pharmacy

Thursday, Aug 17, 2017

The national pharmacy chain is to take over 20 Fagen Pharmacy locations in northwest Indiana and northeast Illinois. 

Walmart Q2 Results: Global Growth Up 2.1% and Asda Reporting Net and Comparable Sales Increases

Thursday, Aug 17, 2017

Walmart reported second quarter sales increased 2.1% across its global business to $123.4 billion. Excluding currency effects, net sales were up 2.9% to USD124.4 billion. 

TJX to Open 260 Locations in 2017

Thursday, Aug 17, 2017

Value clothing retailer TJX, which already operates 3,800 stores globally, plans to add 260 to this by year-end. Long-term, it sees the opportunity for 5,600 stores with its current banners. 


GS Retail Announces Steady Growth in Q2

Thursday, Aug 17, 2017

The South Korea-based hypermarket and department store operator reported a year-on-year increase in total revenue of KRW2,088.4 billion. This resulted in KRW53.1 billion operating profit, while net profit was KRW41.2 billion, with [...more]

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