RetailDetail | All retail news from Europe

Colruyt extends till-free shopping to OKay
Belgian retailer Colruyt Group has extended its 'till-free' test to three supermarkets of the OKay chain and one of OKay Compact, after having trialled it in Spar shops earlier. 
WE keeps net profit stable despite lower turnover
Dutch fashion group WE International saw its turnover drop 2.8 % to 275.8 million euro, but its net profit remained stable because of the selling of real estate.
Sports Direct buys bankrupt chain House of Fraser
Sports Direct owner Mike Ashley has bought British department store chain House of Fraser, just hours after the 169 year old chain filed for bankruptcy.
Hema decapitates franchise organisation
The Dutch Hema chain has ended the franchising agreement for 24 stores after a long lasting dispute about how much franchisers have to pay for online sales. 
Decathlon acquires Swiss competitor Athleticum
French Decathlon has acquired Swiss sports store chain Athleticum from Maus Frères, who in return receive a minority stake in Decathlon Switzerland and an undisclosed fee.
Adidas wins in World Cup football
German sports brand Adidas has had a victorious quarter because of the World Cup football. Total turnover rose 4 % to 5.26 billion euro, a hefty 3.2 billion coming from shoe sales. Operational profit climbed 17 % to 592 million euro.
Rakuten reorganises despite huge turnover growth
Japanese Rakuten, the world’s fifth largest e-commerce company, has posted a 16.4 % turnover growth in the first six months of 2018, while its profit grew even faster (+60 %). Still, the company sees the need for an internal reorganisation to better deal with demanding circumstances.
Ahold Delhaize suffers from competition in US
Ahold Delhaize's turnover suffers from a tough American market, but the merger company saw more positive results in its home markets Belgium and the Netherlands. Online growth is a highlight in the company's results.
Conversional commerce: tried, but failed
Only 0.2 % of all Amazon Echo owners in the United States have actually bought something using their smart speakers. Is the technology worthless, or just not ready yet?

Food

Colruyt extends till-free shopping to OKay

Belgian retailer Colruyt Group has extended its 'till-free' test to three supermarkets of the OKay chain and one of OKay Compact, after having trialled it in Spar shops earlier. 

  • Ahold Delhaize suffers from competition in US

    Ahold Delhaize's turnover suffers from a tough American market, but the merger company saw more positive results in its home markets Belgium and the Netherlands. Online growth is a highlight in the company's results.

  • Heineken seals huge Chinese deal

    Brewery group Heineken has acquired a 40% stake in China Resources Beer Holdings, China’s largest brewer and owner of the world’s largest beer brand, Snow Beer. The deal gives the Dutch company better access to the huge Chinese market.

  • "Satisfying" results for Metro in Q3

    German retail giant Metro is satisfied with the results so far in its fiscal year 2017/18, but sees the need to take measures in the difficult Russian market. 

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Fashion

WE keeps net profit stable despite lower turnover

Dutch fashion group WE International saw its turnover drop 2.8 % to 275.8 million euro, but its net profit remained stable because of the selling of real estate.

  • Sports Direct buys bankrupt chain House of Fraser

    Sports Direct owner Mike Ashley has bought British department store chain House of Fraser, just hours after the 169 year old chain filed for bankruptcy.

  • Adidas wins in World Cup football

    German sports brand Adidas has had a victorious quarter because of the World Cup football. Total turnover rose 4 % to 5.26 billion euro, a hefty 3.2 billion coming from shoe sales. Operational profit climbed 17 % to 592 million euro.

  • Record turnover for Schoenen Torfs

    Belgian shoe store chain Schoenen Torfs has seen its turnover grow 7.6 % in 2017, but the company had to admit to a 9 % decrease in net profit. CEO Wouter Torfs aims for further growth online, in Wallonia and through cooperation with sneaker chain The Athlete’s Foot.

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