Article By Saabira Chaudhuri The Wall Street Journal Asda, the U.K. supermarket chain owned by Wal-Mart Stores Inc., WMT 0.10 % on Monday moved to delay store expansion in London and scale back its “click-and-collect” program as the retailer works to reinvigorate its physical store base and fend off a pair of discounters that have badly squeezed its sales. The announcement…CONTINUE READING
Global Retail Intelligence
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Walmart India Planning a long run in India, Wal-Mart to open 50 wholesale stores in next 4-5 years, to enter ecommerce, strengthen compliance procedures: "Wal-Mart is committed to India and we are excited about our growth plans and we will continue to focus on the cash-and-carry format as we are very happy with the way it has shaped up in the last few years," Walmart Asia…CONTINUE READING
This past fall, Australia trade publication, Inside Retail Magazine, published its list of the most powerful retailers and coming out on top was Grant O’Brien of Woolworths. “This year Woolworths’ Grant O’Brein comes in at number one. O’Brien succeeded Michael Luscombe as MD and CEO of Woolworths in October 2011 after previous roles as COO Australian food and petrol, director…CONTINUE READING
Big Lots Plans Canadian Departure As Losses Grow As part of its third quarter earnings announcement, Big Lots revealed that it is pulling out of Canada after two years of effort didn't produce the traction the retailer expected. In its earnings announcement, Big Lots posted a consolidated loss from continuing operations of $9.5 million, or 17 cents per diluted share, versus a…CONTINUE READING
Target will add 33 Canadian stores by year-end Target plans to open 33 stores next month in Canada, to end the year with 124 locations north of the border. The retailer has struggled to keep shelves stocked since entering Canada this year, and customers familiar with U.S. stores have been disappointed to find higher prices at home. "They're doing a better job of getting…CONTINUE READING
John Lewis sees strong sales of baking products The popular BBC2 television series “The Great British Bake Off” is helping to drive sales on baking products at John Lewis. Measuring cups and spoons, palette knives, rolling pins, stand mixers and blowtorches are among the top sellers, according to Rebecca Fletcher, the department store group’s assistant buyer for…CONTINUE READING