Low-cost chain Action wants to open about 300 more stores in Europe this year. The retailer is now said to be worth more than 5 billion euros.
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Russian discounter Mere, which already has stores in Germany, Poland, Serbia and Ukraine among others, is looking for potential locations in the UK.
TikTok has begun testing in-app sales in partnership with a selection of brands in Europe.
Despite a sharp increase in turnover, Alibaba has recorded its first loss in nine years. The reason being, the Chinese government imposed a record-breaking fine on the e-commerce company for monopoly practices at the end of last year.
The issue of antibiotics in meat production has come to the fore again because of the Covid-19 pandemic. Activists are calling for the systemic use of antibiotics to be removed from the production chain for beef. They are particularly targeting McDonald's, with a petition that is going viral and is pressuring the general meeting.
On Saturday 15 May, the remaining stores of the bankrupt British department store chain Debenhams will close their doors for good. This marks the end of 242 years of retail history. However, the brand will not disappear altogether.
The tax advantage that the European branch of Amazon enjoys in Luxembourg is legitimate, according to the EU’s General Court. The e-commerce giant therefore does not have to pay back 250 million euros in back taxes.
Vinted, an online platform for second-hand clothing, raised 250 million euros to support its further expansion. During the financing round, the Lithuanian company was estimated to be worth 3.5 billion euros.
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L Brands, the holding company of Victoria's Secret, is splitting off the lingerie formula. After a previous sales attempt failed, Victoria's Secret is now left to fend for itself.
Since the corona pandemic, e-commerce has been an absolute top priority for food retailers, but the profitability of online shopping remains a major challenge. McKinsey defines three conditions for a successful digital transformation.
Ahold Delhaize has had a better than expected first quarter. Online sales went through the roof and the merged group gained market share again in the Benelux.
Miinto saw its revenue rise by almost 70 per cent in the first quarter. The Danish fashion platform also appoints new board members.
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Last year, Hema suffered a loss of 214.8 million euros, while turnover also decreased. The main villain: the coronavirus. However, the takeover saga also proved to be an issue. A new management team is now ready to take the lead.
As of 1 August Dr Karsten Wildberger will be the new CEO of Ceconomy. He will also become CEO of Media-Saturn-Holding-GmbH (MediaMarktSaturn), bringing an end to the double management structure.
Kellogg's wants to rid breakfast cereals of their image issue through a new well-being manifesto. The cornflakes producer aims for reduced sugar and salt content, less packaging and more help for people in need.
Asda is trialling a new delivery system which it can use for when customers are away from home. The groceries will get delivered in a purpose-built storage box that is placed outside the customer's home.
The Dutch department store chain Bijenkorf has finally launched its Austrian webshop. The launch was announced in early 2020 and was initially planned for the second half of that year, but that timing suffered some delays.
Carrefour is entering into a cooperation with the Scandinavian purchasing group Coop Nordics. Carrefour's private labels will get distributed in the 4,500 supermarkets of Coop.
Veepee has launched "The Survivors" on its Dutch platform: under this name, the flash sales specialist sells products that are still in perfect condition but with damaged packaging.
Coolblue was able to quadruple its net profit last year: it went from 15.2 to 61.1 million euros. This implies a record-breaking profit for the electronics retailer, which is aiming for an IPO.
Sporting goods group Adidas has started the year extremely well, with a reported increase in sales of 20%. Especially the footwear division did very well.
After the hype, the reality check? Meat substitute manufacturer Beyond Meat is unable to reverse the downward spiral in its results, reporting a larger than expected loss for the third quarter in a row. The reason: the absence of a recovery in the catering industry combined with stagnating growth in retail.
In the first three months of the year, Kellogg's saw a significant increase in sales and profits. The food company therefore adjusts its annual forecasts upwards.
Edeka has increased its stake in Picnic. Since last week, the top man of the German group, Markus Mosa, is also board member at the Dutch online supermarket.
As the first German retailer, Rewe is testing "Pick & Go" technology. In a store in Cologne, customers will soon be able to do their shopping without having to pay at the checkout. However, it will still be possible to shop and pay in the traditional way.
Despite falling store sales again, French retail group Casino is seeing profitability improve. The retailer is doing very well online.
H&M is launching Itsapark in Germany. It is an online platform dedicated to sustainable fashion and home furnishings. The platform provides detailed information to enable customers to choose the sustainable aspects they consider to be important.
In an open letter, around 40 supermarkets and food companies, including Aldi, Ahold Delhaize, Metro and Tesco, call on Brazil to revise a controversial bill. They are even threatening to boycott Brazilian agricultural products because they fear further deforestation of the Amazonian rainforest.
After a stunning first quarter, Zalando is raising its outlook for the full year. The fashion platform is also investing heavily in the expansion of its logistics network.
On July 1st, Carlos Brito will step down as AB InBev's chief executive. He will be succeeded by his compatriot Michel Doukeris, who currently heads the North American arm of the world's largest brewer.
British retailer Tesco is putting consumers on a mandatory diet: the group narrowly avoided protests at its annual general meeting by taking stronger action against obesity.
Ahold Delhaize is launching a new app that has nothing to do with retail: with On Track, the retailer aims to launch a digital learning platform where everything, from job openings to cooking classes, can be found.
Orderchamp, a digital purchasing platform for retailers, has received growth capital to continue its European conquest. The company is strongly committed to machine learning to predict sales success.