News brief

In 2017, the “African Amazon” named Jumia as exceeded 100 million visitors and registered 800,000 orders in Morocco, an increase of 115%. “Our turnover doubled in Morocco last...

19 March 2018

Wal-Mart expands into Africa

During the trading year to late December 2017, the African subsidiary of Wal-Mart named “Massmart” posted total sales up by 1% to US$8 billion via 423 stores located in 13 sub-Saharan...

19 March 2018

Inflation to increase in the U.A.E. this year

In 2018, inflation is expected to rise to 3.3% in the United Arab Emirates as a result of the 5% V.A.T. introduced in January 2018, plus higher oil prices that will increase transportation costs

19 March 2018

Plus-size fashion expands a retail footprint

The U.S. fashion brand Universal Standard launched in 2015 (sales of US$20.4 billion in 2016) has closed a US$7 million round of Series A funding. The plus-size retailer plans to use this new...

19 March 2018

Wal-Mart is optimistic

Wal-Mart’s online sales grew by 23% in Q4 2017 (from +50% in Q3 2017) as sales growth slowed via Jet.com, acquired in 2016. The online business totalled US$ 11.5 billion in 2017, remaining...

19 March 2018

J.C. Penney teams up with young sensation

J.C. Penney is targeting young girls by teaming up with the social media star JoJo Siwa, (aged 14). It has launched an exclusive line of girls’ clothes and bedding inspired by the young...

19 March 2018

Sonae denies interest in Wal-Mart Brazilian stores

After Brazilian newspaper Valor Economico said that Sonae could partner with buyout firms, the Portuguese retailer stated that it was “not involved in the matter”. Wal-Mart Brazil has...

19 March 2018

Investors return to Brazil’s retail sector

In 2018, the food retailer Carrefour-Brazil will invest US$617 million in capital expenditures to fuel growth of its “cash and carry” business. Carrefour aims to open 20 new wholesale...

19 March 2018

Retail returns increase in the U.S

Reflecting the rise of online shopping in the United States, where purchases are more likely to be returned, about 13% of sales made during the Christmas holidays, i.e. during the months of...

19 March 2018

Casino Guichard takes over Sarenza

Having declined 20 bids, footwear pure-player Sarenza will be purchased by the Monoprix supermarkets (sales of €5 billion in 2017, owned by Casino Group). In 2017, Sarenza posted sales of

19 March 2018

Kiko raises capital for Eastern expansion

To reschedule Kiko’s debt with creditor bans, Italian parent company Percassi is considering a capital increase varying from €100 to €150 million. Kiko aims to increase its...

19 March 2018

Picard frozen foods arrive in the Netherlands

The retailer Albert Heijn (subsidiary of the Dutch giant Ahold Delhaize, turnover of US$68.9 billion in 2016) has signed an agreement with Picard frozen food retailer. A range of

19 March 2018

Tesco acquires wholesaler Booker

Announced early 2017, the merger is now complete, resulting in the U.K.’s largest food retailer. In February 2018, the shareholders of Tesco and Booker at General Meeting approved and...

19 March 2018

The founder of Magnit – a departure

Sergey Galitskiy, C.E.O. of Magnit – Russia’s 2nd largest grocery retailer after X5 – has stepped down and sold his 29.1% stake to the Russian state-owned bank VTB Group for a...

19 March 2018

The British Toys’R’Us subsidiary in bankruptcy

In February, the British subsidiary of the U.S. toy giant was placed into bankruptcy, a process that could lead to the closure of about 100 British stores and to the loss of 3,200 jobs. The firm...

19 March 2018

Pandora’s customised jewellery fuels growth

To fuel growth, the Danish jeweller Pandora (sales of €3.1 billion in 2017 up by 15% in local currency) aims to modernise and diversify all designs and to add another 200 new stores this...

19 March 2018

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