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Casino GPA ends financial year with comp surge

Tuesday, Jan 15, 2019

Net sales at Casino-owned Brazilian retailer GPA food division were up 12% in the fourth quarter to BRL14 billion (USD3.6 billion). Same-store sales rose 6.9% in the quarter versus the last year, the company revealed in a securities ...more

Xiaomi to invest USD1.4 billion into AI and smart devices

Tuesday, Jan 15, 2019

Chinese smartphone specialist Xiaomi is to fund development of its smart devices and AI capabilities with a CNY10 billion (USD1.4 billion), five-year investment drive.


Dixy Group to offload Moscow stores to X5 Retail Group

Tuesday, Jan 15, 2019

Russian grocer Dixy Group is discussing the sale of its Victoria supermarkets in the Moscow region, with most of the stores likely to go to X5 Retail Group for further development of the Perekrestok and Pyaterochka banners.


Colruyt adds vehicle refueling feature to its Xtra app

Tuesday, Jan 15, 2019

Belgium's Colruyt Group has added a new function to its Xtra app: mobile refuelling. Mobile refuelling is now possible at DATS 24, the fuel supplier that forms part of the retail group.


Albertsons reports sales uptick for Q3

Tuesday, Jan 15, 2019

Albertsons Companies reported results for the third quarter of fiscal 2018, which ended 1 December, 2018. Sales and other revenue increased 1.8% to USD13.8 billion compared to USD13.6 billion December 2, 2017.


H&M to further enhance customer experience with new services

Tuesday, Jan 15, 2019

Global fast-fashion retailer H&M plans to introduce further digital services and features to improve its customer experience both in physical stores and online.


Flipkart-owned Myntra Jabong CEO steps down

Tuesday, Jan 15, 2019

Flipkart-owned Myntra and Jabong CEO Ananth Narayanan has quit. In Narayanan's place Amar Nagaram has been named as Head, Myntra and Jabong, and will report to Flipkart Group CEO Kalyan Krishnamurthy. He had earlier been designated as the chief ...more

Alibaba unveils comprehensive solution for brand digitization

Monday, Jan 14, 2019

Alibaba announced the ‘A100 Strategic Partnership’ as part of its New Retail initiative that aims to build a comprehensive ...more

Apple HomePod to launch in China

Monday, Jan 14, 2019

Apple has revealed that its HomePod voice-controlled speaker will be available in mainland China and Hong Kong markets starting 18 January.


Walmart US to further bolster its tech expertise

Monday, Jan 14, 2019

Walmart plans to hire 2,000 technology experts this year to support its efforts both in-store and online. The retailer is looking for data scientists, software engineers, designers, and others to work in nine offices from Silicon Valley to ...more

Casino Cnova announces 7.9% increase in Q4 net sales

Monday, Jan 14, 2019

Cnova, the ecommerce arm of Casino, has posted a 7.9% increase in fourth quarter net sales to EUR702.5 million. Gross merchandise volume (GMV) was up 11.9% in organic terms in the quarter, the best quarterly performance since the third quarter of ...more

Jeronimo Martins Biedronka posts 2% increase in LFL sales

Monday, Jan 14, 2019

Jeronimo Martins owned Biedronka chain recorded an increase in LFL sales by 2% in the last quarter, compared to 0.8% in third quarter of the year. The improvement in the LFL result is mainly the effect of the smaller impact of the Sunday trading ...more

AS Watsons to launch in Vietnam

Monday, Jan 14, 2019

Hong Kong-headquartered healthcare and beauty retailer Watsons is to launch in Vietnam on 17 January 2019 in Ho Chi Minh City. The store is to take up at least one floor of a two-storey space recently vacated by Topshop.


Target creates new role of food and beverage president

Monday, Jan 14, 2019

Target announced several executive changes including a newly created food and beverage position and an upcoming succession at chief financial officer in reporting increased 2018 holiday sales.


Alibaba’s AliExpress to charge 30% import duty in Russia

Monday, Jan 14, 2019

AliExpress, the ecommerce platform of Alibaba, will charge a 30% import duties on orders over EUR500 in Russia after amendments to the rules of duty-free imports. Starting from 1 January 2019, Russian regulators have reduced the allowance for ...more

Showing 46 – 60 of 43649