RetailNow

Showing 16 – 30 of 45054

H&M launches loyalty program in US

Friday, May 17, 2019

H&M has announced the launch of the H&M Member loyalty program in the US. The program rewards repeat customers by offering personalized offers, access to exclusive events and services as well as opportunities to earn points.

The two-tier ...more

Falabella boosts sales but takes profit hit in Q1

Friday, May 17, 2019

Chilean retailer Falabella has reported Q1 2019 sales for the three months ended 31 March 2019 to be CLP2,252.2 million (USD3.32 billion), a 2.9% increase compared to the same period last year. However, profit and income slid sharply. Gross ...more

Boxed partners with Lidl for grocery delivery

Thursday, May 16, 2019

Boxed, the US-based online warehouse club, is partnering with discount grocer Lidl (owned by ...more

Alibaba revenue grows 51% in FY 2019

Thursday, May 16, 2019

Alibaba Group has announced its financial results for the fourth quarter and fiscal year ended 31 March 2019. In Q4 2019, revenue increased by 51% to CNY93.50 billion (USD13.93 million). Annual active consumers on the China retail marketplaces ...more

Indian Grofers secures USD200 million from SoftBank

Thursday, May 16, 2019

As competition intensifies in Indian online grocery, leading player Grofers has revealed it has received a major cash infusion from tech financier SoftBank Vision Fund. The USD200 million funding means Grofers now has a billion-dollar valuation ...more

Auchan to exit Vietnam

Thursday, May 16, 2019

Having confirmed its departure from Italy yesterday, Auchan Retail is also winding down its Vietnam business, with plans to quit the market before summer, according to media reports. Auchan operates 18 stores in the market that generate revenues ...more

Walmart considers IPO for Asda

Thursday, May 16, 2019

The head of Walmart’s international division has told staff at Asda that it is seriously considering a stock market listing, though she cautioned that preparing for such a process would take years.

Judith McKenna, who was at one time Asda’s ...more

X5 Retail Group signs locker deal with Chinese Ucharm

Thursday, May 16, 2019

As it makes a series of aggressive moves to build out its ecommerce presence in Russia, X5 Retail Group has joined forces with Chinese cross-border specialist Ucharm in a deal that will see its X5 OMNI online arm partner to place Ucharm pickup ...more

Target expands Drive Up locations

Thursday, May 16, 2019

Target has extended its Drive Up curbside pickup service to more than 1,250 stores. This week, the discount store chain launched Drive Up at approximately 150 Target stores in Maryland, Virginia, Texas, Georgia, Florida, and California. That ...more

Target partners with Versed for new beauty line

Thursday, May 16, 2019

Target Corp. announced on Wednesday that it will launch a new skincare line from Versed, with 19 products all under USD20. The product line, which includes moisturizers, facial peels, balms, and eye masks, will appear in Target stores and online ...more

Sonae reports 8.9% turnover growth in Q1

Thursday, May 16, 2019

Sonae has reported that consolidated turnover in the Q1 increased by 8.9% year-on-year reaching EUR1,461 million, with positive contributions from almost all businesses, particularly from Sonae MC and from Sonae Sierra, which is now fully ...more

Alibaba hones in on home goods with new investment

Thursday, May 16, 2019

Alibaba has bought nearly RMB4.4 billion (USD633 million) in convertible bonds from Red Star Macalline, which upon conversion will give Alibaba an approximately 10% stake. In addition, Alibaba has acquired a 3.7% stake in Red Star Macalline ...more

Carrefour Spain trials inventory-tracking robot

Thursday, May 16, 2019

Carrefour Spain is testing 'Tally', a robot that tracks the real-time store inventory at hypermarket stores in Madrid. The robot assists in various tasks around data management flow. It also alerts management to instances of missing products or ...more

Auchan Spain launches AR-powered Cosmia MakeUP app

Thursday, May 16, 2019

Auchan Retail Spain has debuted an app that enables users to visualize how cosmetics products look before applying them. The Cosmia MakeUP app uses augmented reality to help customers choose the product and is available in seven languages and is ...more

ICA Gruppen offloads Hemtex apparel business

Thursday, May 16, 2019

Swedish retail giant ICA has sold all its shares in its Hemtex clothing arm to Norwegian home textiles chain Kid ASA. The deal is valued at SEK226 million (USD25.42 million) on a debt-free basis, meaning ICA loses SEK400 million (USD44.98 ...more

Showing 16 – 30 of 45054