retail

To follow is a brief review of retail news from around the world: November 15 – Australia’s Coles Opens Small Format Stores Coles has unveiled its answer to competitor, Woolworths’ Metro small-format store, Coles Local.  The first outlet is about half of the size of a full supermarket and will offer gourmet local produce, specialty ranges, an in-store chef,  barista and a…

To follow is a brief review of retail news from around the world: October 15 – Amazon Bids on 30% Stake in India’s Spencer’s Retail Amazon has bid $400 M for 30% stake in Kolkata-based grocery chain with 128 stores in over 30 cities in India with 58 large-format, hypermarkets and supermarkets and reported revenues of $282.9 M in FY18. From Inc42 October 15 – Google Plans…

To follow is a brief review of retail news from around the world: September 18 – India’s Aditya Birla Shows Signs of Recovery Aditya Birla Fashion and Retail formed from a merger of Madura Garments Lifestyle Retail and Pantaloons Fashion and Retail Ltd, has been struggling since its creation. In the first two fiscal years after the merger the stock gained just 7%, however,…

To follow is a brief review of retail news from around the world: August 16 – Mexico’s Elektra Announces Online Shopping to Compete with Amazon Mexican department store chain Elektra announced it will launch an on-line shopping portal to compete with Amazon. Elektra’s marketplace will launch with 25 consumer products business partner brands and the goal of expanding to…

To follow is a brief review of retail news from around the world: July 31 – Sodimac’s First Store Opens in Mexico This first store in Mexico is located in the Municipality of Cuautitlán Izcalli, in the Metropolitan Zone of Mexico City. The 10,700 m2 store is part of an agreement formed by Falabella and Soriana in 2016 for the development of the home improvement chain and…

To follow is a brief review of retail news from around the world: June 20 – JD.com Reaches Record Sales During its Annual 6.18 Shopping Event More than 43 million customers visited online pop-up stores and brought sales for the Chinese online retailer to $24.7 bn during the company’s anniversary on June 18. This falls just behind Alibaba.com’s $25.3 bn in sales during the…

To follow is a brief review of retail news from around the world: May 28 – Walmart and Amazon Battle India’s Strong Players, Traditional Family Run Stores Thousands of “kiranas” throughout India pose a legitimate threat to the models of the Western, organized retailers’ models, as they are well-established, pay low wages and pay little rent. From The Wall Street…