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Motoya Okada (Aeon) takes 20% of Bio c’ Bon
Discreet, courteous, and with a long-term vision driving his group to turnover of US$ 78.4 billion and a profit of US$ 229 million (for the year to February 2018), Japanese business man Motoya...
16 January 2019
Mikhail Fridman: From Russia to Retail
The future of Dia, the Spanish discount chain as one of Carrefour’s profitable subsidiaries, is in the balance. Dia operates 7,000 stores in Spain, Portugal, Brazil and Argentina with a...
16 January 2019
Mike Ashley, champion of the High Street
Mike Ashley, the billionaire founder of U.K. retail company Sports Direct is happy to be headlined on either business or sports pages, as he owns the Newcastle United football club. Described as...
16 January 2019
2019 will be a year of dramatic changes for Fashion Retail, according to McKinsey
McKinsey and The Business of Fashion (B.o.F.) published their annual survey on 29th November 2018 called “The State of Fashion”. This study warns against dramatic changes in this...
16 January 2019
Turkish retailers implement vending machine to recycle plastic.
In November, the Turkish Parliament passed a new environmental law to restrict plastic bags from 2019, supported by automatic recycling machines that take recyclable materials in return for credit...
16 January 2019
Kuwait’s OnCost Cash and Carry buys supermarket chain Gulfmart.
Kuwait’s wholesale membership retail store called “OnCost Cash & Carry” acquired all 20 outlets of regional supermarket chain Gulfmart. According to the C.E.O. of OnCost Cash...
16 January 2019
Huawei extends Saudi Arabia flagship.
The Chinese group Huawei aims to establish high-end experience stores in the U.A.E., Italy, Malaysia and in Thailand. January will see the a 1st Huawei Saudi Arabia flagship showroom in Riyadh...
16 January 2019
North and West Africa have the greatest potential for mall development
In 2018, there are 579 malls on the African continent compared to 225 in 2010. The greatest number are 106 in Egypt, followed by Kenya with 66 and Nigeria with 53. According to market intelligence...
16 January 2019
Carrefour invents a sail-thru supermarket deserving Dubai’s coastline
Carrefour’s exclusive franchisor in the Middle East region, Majid Al Futtaim, launched the world’s first “sail-through” supermarket on December 4th. This serves yachts...
16 January 2019
Kenya attracts foreign retailers
In Kenya, supermarkets form 33% of retail formats, just behind South Africa. According to Nielsen, 89% of Kenyans shop in supermarkets, with the balance supplied by informal “dukas”...
16 January 2019
Korean cosmetics BRANDS ENTER Saudi Arabia
Acheter des produits cosmétiques coréens, réputés pour leurs ingrédients naturels, est devenu un must au Moyen-Orient. L’explication de ce succès...
16 January 2019
End of the game for Macy’s in China.
The U.S.A. department store chain announced a closure from December 31st of the store on Tmall, the huge online marketplace owned by Alibaba. The retailer is closing operations after closing all...
16 January 2019
Ikea plans a giant shopping complex in Shanghai.
Ikea plans to build a mixed-use complex of 430,000 sq.m. in Shanghai by 2022. Alongside the store (the 6th in China), the firm will offer space for more than 300 retailers in a 120,000 sq.m. area...
16 January 2019
Jysk plans 30 new stores in Thailand.
The Danish furniture and homeware brand Jysk (turnover €2.16 billion for financial year 2017/2018) launched its first store in Thailand earlier this year, adding to the 1,249 stores in 20...
16 January 2019
Luxury brands are investing in Tokyo, before 2020 Olympics Games.
The luxury brand Bottega Veneta opened an 800 sq.m. flagship over six floors in Tokyo. The futuristic megastore is Bottega Veneta’s largest in Asia, designed to fit the modernist...
16 January 2019
The Korean retail sector is booming
The South Korean retail sector (US$280 billion in 2017) is thriving with a 6% year-over-year increase in retail sales by the third quarter in 2018. South Korea was adversely impacted by the...
16 January 2019
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What readers clicked on the most last month.
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Electronic shelf labels: why the US regulator threatens rollout
In the USA, the Federal Trade Commission has just required full transparency on the use of pricing algorithms based on personal data, under threat of penalties. In this regulatory framework...