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Carrefour bets on picking robots in the Gulf
For more efficient grocery e-commerce, small back-office sites heavy with automation and housed in the back of current stores have become a priority for many retailers. Eager to process online...
11 February 2020
Canada Goose. From a family company to a luxury brand
Founded in the 1950s in Toronto, Canada Goose (revenue of US$222 million for the quarter to September 2019, +28%) started as a company initially specialised in professional cold weather wear like...
14 January 2020
A woman is the new boss at Majid Al Futtaim malls
In December 2019, Mrs Shireen El Khatib, a 25-year veteran retail executive, has been appointed C.E.O. of Majid Al Futtaim (MAF) Shopping Malls. She will lead a portfolio of 26 malls in the Gulf...
14 January 2020
JD.com bets on experiential for brick-and-mortar
The Beijing-based online retailer JD.com (revenues of US$18.9 billion in Q3 2019, up by 28.7%) unveiled a huge 50,000 sq.m. store located in Chongqing, China. Opened on 11th November, known as...
14 January 2020
China. H&M partners with YCloset for rental program
The Stockholm-based fashion retailer H&M (revenue of US$6.41 billion in Q4 2019, operating 4,972 stores) announced in December 2019 that it is launching a 3-month rental pilot program in China...
14 January 2020
Harrods to open first Chinese stand-alone store
British department store Harrods (a subsidiary of Qatar Holding LLC and a turnover of €987.6 million for the year to February 2019, a rise of 1%), will open a first store in Shanghai in 2020...
14 January 2020
Tesco seeks buyer for Asian businesses
Tesco is Britain’s biggest retailer by sales with US$75.3 billion annual revenue in the year to February 2019. This is a rise of 11.3% and includes the Booker merger. The firm operates 6,767...
14 January 2020
FMCG. Chinese shoppers keen on imported products
In China, consumers continue to buy more and more imported F.M.C.G. products (Fast Moving Consumer Goods) despite the slowdown in G.D.P. (only up by 6% in Q3 2019). According to a study by Kantar...
14 January 2020
China. Muji loses Chinese trademark dispute
The Japanese home equipment retailer Muji (revenue of US$3.81 billion in the year to February 2019) has lost a Chinese trademark infringement case. It operates with an ‘anti-brand’...
14 January 2020
Walmart announces joint strategic investment in India
Walmart (sales of US$514.4 billion in the year to January 2019) announced in December a joint strategic investment in Ninjacart, a B2B fresh produce supply chain company, along with its Indian...
14 January 2020
Like Sephora, Kiko Milano bets on India’s beauty
Already running 11 Indian units, the Italian beauty retailer Kiko Milano (900 stores in 18 countries, part of Percassi Group) confirmed an Indian expansion in 2020. It plans to open 6 standalone...
14 January 2020
The rise of discount in Asia
In November 2019, the South Korean discount retailer No Brand (a subsidiary of the retail conglomerate E-Mart) opened a first international store outside its home market. Already operating 200...
14 January 2020
Beauty. Antipodes to conquer Asia
Antipodes, the organic skincare brand using ingredients from New Zealand’s nature and raw super-fruit extracts, revealed that the November 11th 2019, i.e. China’s Singles Day, earned...
14 January 2020
Abu Dhabi leads a funding round in Spain’s delivery app Glovo
Venture capitalist’s appetite for fast-growing but lossmaking tech companies has not diminished. Headed by Abu Dhabi sovereign wealth fund Mubadala, Spain’s biggest delivery app Glovo...
14 January 2020
Will tech and Big Data be Saudi Arabia’s new oil replacement?
As part of the ‘Vision 2030’ strategy, the Kingdom is diversifying from a reliance on oil towards revenue from a technologically advanced economy. As a result, the Saudi telecoms...
14 January 2020
Ikea expands with a new Dubai flagship
In Dubai, a new Ikea store located near the Energy Metro Station over 35,000 sq.m G.L.A. opened in late 2019, in partnership with Al Futtaim. This is in the Festival Plaza shopping centre (Jebel...
14 January 2020
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