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European online retail sales for 2017 increased by over 12%, particularly for Southern countries.

3 July 2018

L-Catterton and JD.com invest in China’s n°1 luxury e-retailer

The LVMH-backed private equity fund L-Catterton and the Chinese online retailer JD have invested US$175 million in Secoo, China’s n°1 online platform for up-market products, representing...

3 July 2018

The Malaysian retailer “Mr DIY” will add 300 stores in 2018

Targeting a revenue growth of 40% in 2018, the home improvement chain “Mr DIY” (sales of €209 million from 350 stores covering an average of 930 sq.m GLA), aims to open 135 new...

3 July 2018

Wal-Mart to sell operations in Japan

According to Reuters, following the U.K. and Brazil, the U.S. giant Wal-Mart has decided to close operations in Japan via the sale of the struggling Seiyu supermarket chain, which operates 335...

3 July 2018

Sephora to make inroads in South Korea

The French beauty retailer aims to open a 1st store in South Korea in the 3rd quarter 2019 in Seoul. The LVMH subsidiary is recruiting a Human Resources Manager

3 July 2018

Home-electrical. Suning becomes China’s n°1 “retailer” by value

According to the ranking of the 500 highest-valuated brands in China established in July 2018 by the research company called World Brand Lab, the valuation of Suning, known as the Best Buy from...

3 July 2018

India’s online sales to double in five years

According to eMarketer, e-commerce in India is expected to more than double between 2018 and 2022, growing from US$32.7 billion this year to

3 July 2018

CP All to travel from Thailand to India

Having made a successful foray in Cambodia in early 2018, Thailand’s largest grocery retailer CP All (sales of US$13.9 billion in 2017) is evaluating expansion opportunities in India, China...

3 July 2018

China’s rural regions boost online sales

According to the Ministry of Commerce, Chinese online sales reached US$194 billion in 2017, representing a year-on-year surge of

3 July 2018

Simon Property veut convertir les Thaïlandais à « l’outlet »

Après le Japon, la Malaisie et la Corée du Sud, le promoteur américain Simon Property Group va entrer en Thaïlande qui deviendra ainsi son 4e marché asiatique. En...

3 July 2018

Chine. Les grandes ambitions des Galeries Lafayette

Si nombre de grands magasins sont en difficultés en Europe (House of Fraser ferme la moitié de son parc au R.U.), les Galeries Lafayette (GL) perçoivent l’expansion...

3 July 2018

Massive downturn for Danone in Morocco

In the context of an economic spending crisis in Morocco, the dairy-product maker Danone issued a profit warning, reporting a significant fall in annual margin and turnover for the Moroccan...

3 July 2018

The “Ikea from South Africa” loses asset value from capitalisation

In the period to March 2018, Steinhoff International (the owner of Conforama, Mattress Firm and Kika/Leiner) posted a net loss of €621 million. This was caused by significant asset...

3 July 2018

Oman’s first Westfield-style mall to open in September 2018

With a retail space of 70,500 sq.m GLA out of 147,200 sq.m., the Al Araimi Boulevard mall will be Oman’s biggest shopping centre. Developed by Al Raid Group over two floors in the coastal...

3 July 2018

U.A.E. Waitrose introduces a plastic bag charge

The British retailer Waitrose (operated locally by Fine Fare Food Market) has been the 1st grocery retailer in the United Arab Emirates to set up a €0.06 per single-use plastic bag from June...

3 July 2018

Noon e-retailer has ambitions in Pakistan

The U.A.E. e-retailer Noon (backed by a group of Gulf investors and Saudi Arabia’s Public Investment Fund) is considering opening in Pakistan. “We should look at Pakistan because it...

3 July 2018

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Two years after the French National Financial Prosecutor’s Office (PNF) concluded an investigation into Casino, the trial of Jean-Charles Naouri, C.E.O. of the retail group from 2005 to...

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