To follow is a brief review of retail news from around the world:
January 4 – Future Group partners with Cognizant for FMCG arm FCL
IT major Cognizant has entered into a strategic partnership with Kishore Biyani-led Future Group to transform its FMCG arm Future Consumer Ltd (FCL) into a connected enterprise. Under the pact, the New Jersey-based firm will build a platform for FCL to simplify, automate and secure business processes, speed up collaboration and maximise synergies across all lines of business, the companies said in a joint statement. The platform will enable FCL to optimise its supply chain and improve business throughput, it added. Read more at India Times.
January 4 – Aeon Vietnam Launches Online Store
Aeon Vietnam has launched an online store, AeonEshop.com, offering discounted Japanese goods and local brands. The Japanese-headquartered retailer says its AeonEshop.com B2C platform in Vietnam will stock a majority of Japanese and imported products, along with Aeon’s own brand Topvalu which has been available at its physical stores nationwide. Products span various categories, including fashion, cosmetics, furniture, electronics, household items, food and office stationery. Similar to Aeon’s other eCommerce sites in the region, AeonEshop will provide discounts up to 50 per cent for specific product types. Ho Chi Minh City is the first market for AeonEshop with other Vietnamese cities to follow in the near future. The company plans to develop an English-language version and mobile app by mid-2017. See Retail News Asia.
January 5 – Carrefour to open major Middle East DC
Carrefour will open a major new distribution center for Carrefour at the National Industries Park (NIP) in Dubai, UAE, according to a Majid Al Futtaim company statement. The center, once operational, will be the largest and most advanced distribution hub of its kind for Carrefour in the region, said a statement from the company. The facility is constructed on a land area of 1.5 million sq. ft. and offers a built-up area of over 800,000 sq. ft., almost four times the size of Carrefour’s current largest distribution center building in the region, it said. For additional details, read ME Construction News.
The International Business Council is a special interest group of IHA members, dedicated to helping its membership market and sell their products internationally by sharing information, providing networking opportunities and offering programs to assist, support, and educate. Membership is free to all regular, IHA members – visit the IBC website to learn more.