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Kingfisher posts mixed Q1 results

Thursday, May 16, 2019

Kingfisher has delivered mixed financial results in its first quarter, although its profit guidance for the full-year remained unchanged. The parent company of B&Q and Screwfix recorded a 1.7% rise in group sales during its first fiscal quarter ...more

PKN Orlen severs ties with Eurocash

Thursday, May 16, 2019

Polish fuel station operator PKN Orlen will end its supply arrangement with leading domestic wholesaler Eurocash from September, per local press reports. Orlen is said to want to establish its own distribution chain to supply products to its ...more

SPAR (South Africa) sees 8.6% revenue growth in H1 2019

Thursday, May 16, 2019

SPAR (South Africa) has reported a rise of 8.6% in revenues to ZAR54.3 billion (USD4 billion) for the first half of its 2019 financial year, ended 31 March 2019. Operating profit for the period increased by 5.1% to ZAR1.3 billion (USD0.1 ...more

Macy’s comparable sales grow 0.6% in Q1 2019

Thursday, May 16, 2019

Macy’s has reported results for the first quarter of 2019. Revenue declined to USD5.5 billion from USD5.54 billion in the year-ago quarter, but comp sales rose 0.6% on an owned basis and 0.7% on an owned plus licensed basis. This reflects the ...more

Aditya Birla Q4 revenue up 9%

Thursday, May 16, 2019

Aditya Birla Fashion and Retail reported a 79% jump in net profit to INR 203 million (USD2.85 million) for the fourth quarter of the financial year 2018-19. The company has reported a 9% increase in revenue from INR 1.75 billion(USD24.62 million) ...more

Amazon US, Adobe team up to build D2C stores

Wednesday, May 15, 2019

Amazon has partnered with Adobe to help small and medium-sized businesses build ...more

Dia faces uncertain future

Wednesday, May 15, 2019

The fate of Spanish supermarket chain Dia has been reduced to a face to face between the President of Banco Santander Ana Botín and Russian tycoon Mikhail Fridman. Faced with the stampede of most creditors of the unpaid loan of EUR912 million, ...more

Kroger to build consumer brand incubator

Wednesday, May 15, 2019

Pushing ahead with its alternative business strategy, Kroger has teamed with private investment firm Lindsay Goldberg to build an incubator for next-generation consumer product brands. Called PearlRock Partners, the platform will identify, invest ...more

Google makes platform more shoppable

Wednesday, May 15, 2019

Google is giving its Shopping destination a revamp and introducing a universal cart across its platform of services, including Search, Shopping, Images and even YouTube. The search company has announced an entirely redesigned and now personalized ...more

Amazon debuts click & collect counters in UK and Italy

Wednesday, May 15, 2019

Amazon is launching a delivery option that will let customers retrieve parcels from staffed counters at UK and Italian retailers, aiming to take advantage of the popularity of click and collect services across Europe. The new service, called ...more

Walmart Flipkart launches e-grocery service in Mumbai

Wednesday, May 15, 2019

Walmart owned Indian ecommerce giant Flipkart has launched its online grocery store Supermart in Mumbai as it enters the megacity in competition with established players like Amazon, BigBasket and Grofers.

Shoppers using the service can ...more

Alibaba-backed Bilibili sees ecommerce revenue surge

Wednesday, May 15, 2019

Chinese youth-orientated video-streaming platform Bilibili saw ecommerce revenue power ahead by 621% y-o-y in its first quarter, reaching CNY95.9 million (USD14 million). Overall revenue came in at CNY1.37 billion (USD0.2 billion), showing how ...more

Carrefour, TerraCycle trial Loop in Paris to tackle waste

Wednesday, May 15, 2019

French retailer Carrefour and US waste recycling company TerraCycle have launched a test for their ‘Loop’ initiative which they hope will tackle the problems of plastic waste. The ‘Loop’ online platform will allow shoppers in the Paris area to ...more

AEON opens first hypermarket in Myanmar

Wednesday, May 15, 2019

Japanese retailer AEON has launched its first hypermarket in Myanmar. The 2,800 sq m store is triple the size of its 14 existing supermarkets in Southeast Asia and its first hypermarket in the region.

The move is a response to the growing ...more

Schwarz Group Lidl expands Belgian bike delivery pilot

Wednesday, May 15, 2019

Discounter Lidl’s trial project in the Belgian city of Ghent that offers fulfilment of online grocery orders using bicycle couriers has been deemed such a success the retailer plans to expand the number of items available and examine the prospect ...more

Showing 31 – 45 of 45054