General

Enormous profit drop for Marks & Spencer

Despite a slight turnover increase, British Marks & Spencer’s pre-tax profit dropped more than half. As expected, clothing sales also experienced a turnover drop.

Shoptalk Europe releases preliminary agenda & free ticket program

(advertorial) Shoptalk Europe, a pan-European event for innovation in retail and ecommerce from 9 to 11 October in Copenhagen, has announced its agenda and a "Hosted retailers & brands program" offering a free ticket and up 650 in travel expenses.

Advocate General’s welcome confirmation of retail as a service

(content provided by EuroCommerce) In the Visser case, the Advocate-General has stated that retail should be considered a service within the meaning of the Services Directive. EuroCommerce welcomes this confirmation of earlier jurisprudence.

Unilever’s sustainable approach is paying off

Unilever’s sustainability plan has been the talking point within the company for quite some time, but it is paying off: its sustainable brands have contributed 60 % of the company’s turnover growth in 2016.

Analysis: Is Blokker enough for Blokker?

Dutch Blokker Holding has announced a thorough restructuring plan, which will spell the end for the retail group as it sells off all subsidiaries, except the eponymous chain. But is it also the start of something new, or merely delaying the inevitable?

Retail and wholesale call for further progress on a Digital Single Market to make Europe a global leader

(content provided by EuroCommerce) Director-general Christian Verschueren has set out the sector’s positive position ahead of the European Commission’s mid-term review of the EU Digital Single Market.

Ontex off to flying start in first quarter

Belgian Ontex, mostly known for its baby care products, had a very strong first quarter, with turnover up nearly 25 % and growth for every division.

Wall Street expects stormy retail week

A number of American traditional retailers will publish their first quarter results this week and no one is expecting good results.

A better working Single Market essential for retailers

(content provided by EuroCommerce) The European Single Market is very important to retailers, but certain improvements are needed - according to the organisation of European wholesalers and retailers, EuroCommerce.

Archie Norman is Marks & Spencer’s new chairman

British store chain Marks & Spencer appointed Archie Norman as its new chairman of the board. He will succeed Robert Swannell, who will step down on 1 September after seven years.

No major acquisition in Dutch bike market after all

Pon’s intended acquisition of bike manufacturer Accell is no longer an option, because Accell, which owns brands like Batavus and Sparta, says the tabled bid does not suffice at all.

EP amendments real improvement to 'imperfect' geoblocking proposal

(content provided by EuroCommerce) - EuroCommerce has hailed the European Parliament's efforts to improve the text of the Geoblocking Regulation, but still thinks more changes are necessary.

Technology and experience take center stage at RetailDetail Congress

RetailDetail Congress 2017’s incredible international line-up did not disappoint. Particularly “retail prophet” Doug Stephens wowed the audience. Technology and experience go hand in hand in the store of the future.

Procter & Gamble's turnover drops slightly

Procter & Gamble’s third quarter of 2016/2017 yielded meagre results once again. Autonomously, turnover grew another 1 %, but net turnover dropped 1 %.

What happens after the digitization? 4 major trends

The digital disruption has more consequences than merely the retail industry’s digitization - many more consequences according to Atos’ VP Global Market Retail, Annick Lemaylleux. At our RetailDetail Congress, she will show us the main trends.

 

"Contactless payments can help retailers attract more customers"

(content provided by EuroCommerce) - In a move to promote the adoption of contactless payments among retailers, EuroCommerce has published a guide on how they can get the most out of this technology.

Philip Morris' cigarette sales dropped more than a tenth

In the past quarter, cigarette sales for tobacco giant Philip Morris, with brands like Marlboro, L&M and Chesterfield, dropped 11.5 % and turnover dropped 1.4 %, although profit did grow 4 %.

Pearle's parent company acquires Tesco Opticians

Tesco Opticians, British supermarket giant Tesco's optician chain, will become part of GrandVision, a company listed on the Amsterdam stock exchange. The British Bureau of Competition still needs to approve the deal however. 

Price increases lead to higher turnover for Unilever

Despite a 0.1 % volume drop, Unilever has raised its first quarter turnover by 6.1 % as price increases and exchange rate fluctuations helped to boost turnover.

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