News brief

Eager to reduce debt, the Casino Group (managed by Jean-Charles Naouri) has sold Vindemia, a subsidiary in the Indian Ocean. While the share price of Casino collapsed and the Group’s debt...

11 September 2019

Luckin Coffee aims to win customers in the Middle East

In the end of July 2019, the highly-disruptive Luckin Coffee retailer (see GRN, April 2019) signed a joint-venture agreement with the Kuwaiti-based company called The Americana Group to win...

11 September 2019

U.S.A. Nike and Birchbox which scheme for subscription?

In the USA, the market for children’s equipment purchased by regular subscriptions is growing well. This is why the American brand and retailer Nike launched a subscription service in...

10 September 2019

An average e-commerce spend of US$144?

According to a Visa study compiling data from March 2018 to February 2019, the average basket for e-commerce transactions reached US$144 in the United Arab Emirates. The study shows that the spend...

10 September 2019

Fashion brands return to Bangladesh

The trade war between China and the U.S. is redefining the garment sourcing. While Chinese apparel imports to the U.S are subject to a 15%-tariff uplift, Bangladesh has received a lot of new...

10 September 2019

Burberry launches a new chat service in a Whatsapp style

Burberry (€2.5 billion revenue in 2018) is introducing in the U.K. “R Message”, a chat function within its mobile app to bring the customer relationships beyond the physical...

10 September 2019

Ikea U.S. manufacturing operations will move to Europe

The world’s largest furniture retailer Ikea will close the only manufacturing site in the U.S. (in Danville, Virginia) in December 2019, shifting the operations to Europe to follow lower...

10 September 2019

In Brazil, Wal-Mart focuses on cash & carry

One year ago, Wal-Mart sold 80% of its 410 Brazilian stores to the U.S. private-equity fund Advent. In this market dominated by Casino (650 stores) and Carrefour (690 stores), the turnover of...

10 September 2019

A Swedish grocer says “no” to Brazilian pesticides

Involved in a move towards ensuring imports are part of a safe food business within Europe, grocery retailers are protesting against the actions of the Brazilian government. In Sweden, the organic...

10 September 2019

Will Casino sell grocery stores to Amazon?

While Casino is accelerating its sell-off and deleveraging program, rumors indicate that the Casino group plans to sell part of its store fleet to Amazon. Géant and Leader Price could be...

10 September 2019

UK sales knocked down by Brexit chaos

As Brexit approaches in less than 100 days, British retailers recorded the longest period of failing sales for almost 8 years. This is reflected in department stores, clothes shops and retailers...

10 September 2019

The Chinese “Hema” moves further into Europe

The Chinese discount retailer running 3,500 stores across 80 countries (total sales of US$2.6 billion in 2018) is now selling in France and in the U.K. Miniso entered the European market in 2018...

10 September 2019

Carrefour aims to take discount market from German retailers

In Europe, discount retailers are gaining a fair traction, from Action to Costco. The grocery retailer Carrefour roars into the discount market with Supeco (Es super, es economico), which counts...

10 September 2019

H&M STOCKHOLM, The CONCEPT of the Month

Sweden. The fashion giant Hennes & Mauritz aims to offer a completely new shopping experience with a brand-new flagship in Autumn of 2019. Covering a sales area of 3,000 sq.m GLA on 2 levels...

10 September 2019

From Mölki lending to plant watering, Bio C Bon widens its services

The organic retailer Bio C Bon, which owns 158 stores in Europe and 12 in Japan, aims to increase loyalty amongst its customers via innovative services that “warm up the heart but not the...

10 September 2019

Go Sport to sell Polish business.

The Russian sporting goods retailer Sportmaster, which sells clothing and sport accessories with a turnover of US$1.7 billion in 2018 (up by 20.3% year-on-year) is in negotiations to take over the...

10 September 2019

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