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General

EuroCommerce reminds retailers and wholesalers to be ready for GDPR

(Content provided by EuroCommerce) With 100 days left before the EU’s General Data Protection Regulation (GDPR) comes into force on 25 May, EuroCommerce is reminding all retailers and wholesalers to take the necessary action to be ready and compliant.

Amazon hires 2,000 employees in France

American internet warehouse Amazon’s French division is looking for 2,000 employees to keep up with its strong growth. Amazon.Fr is not only the most popular web shop in France, but also in Belgium.

Excellent year for Decathlon thanks to strong expansion

Decathlon passed the 10 billion euro milestone for the first time in 2016. Thanks to a strong international expansion, it now surpassed the 11 billion euro mark.

Generational switch at BIC at a difficult time

The French specialist in disposable products, Bic, will alter its board: current CEO Bruno Bich will pass on the reins to his 39-year old son Gonzalve who will have to halt the profit drop.

Dieter Struye is Colruyt Group's new general director non-food

Dieter Struye, former Brico CEO, has joined Colruyt Group on Monday 12 February. He is now the general director non-food and therefore in charge of Dreamland, Dreambaby and ColliShop’s online activities.

Stable first quarter profit for Metro

German Metro managed to stabilize its first quarter profit compared to last year, despite a setback in Russia. It mainly cut costs in its Real restructuring plan.

Unilever warns online media: we can no longer advertize like this

Unilever has threatened to pull its advertising budget from online media channels that lack transparency and create discord according to marketing director Keith Weed’s statements at the IAB advertisers’ congress.

These are speakers at the RetailDetail Omnichannel Congress

Jan Huysmans (Bol.com), Hans Carpels (Euronics International), Matthias De Clercq (Coolblue), Lionel Soccal (Google), Carole Lamarque (Duval Union) and Thierry Moubax (Bpost) are the most recent additions to the RetailDetail Omnichannel Congress line-up.

European Court says retail is a service, and planning restrictions must be proportional

(Content provided by EuroCommerce) In a long-awaited ruling in the Visser case last week, the Court of Justice confirmed that distributive trade (retail & wholesale) is to be considered a service activity within the meaning of the Directive.

Amazing Jewelry heads to the Netherlands

Danish jewelry formula Amazing Jewelry will now also enter the Dutch market, after it had already entered the Belgian market last year. The “Zara of the jewelry industry” recently signed a master franchise deal and the first store will open in Utrecht.

Turnover growth for Hasbro despite weak fourth quarter

Despite weaker Star Wars and Frozen sales in an equally unimpressive fourth quarter, Hasbro has still managed a full-year turnover increase. It is the largest toy manufacturer in the eleven largest toy countries.

Galeries Lafayette sells 22 stores to franchisee

French department store chain Galeries Lafayette will sell 22 locations to real estate group Financière Immobilière Bordelaise, which will in turn manage these as a franchise store. Nothing will change for the employees.

Changes within Action's management

Store chain Action will make some changes to its top level management: merchandise director Simon Hathway will leave the company at the end of March and be replaced by Hajir Hajji, who will in turn be replaced by Bart Raeymaekers.

European Union bans geoblocking

Consumers can no longer automatically be diverted to another website or be blocked from visiting a website abroad. The European Parliament reached an agreement on this issue and the ban will probably go in effect later this year.

Hudson’s Bay appoints new CEO

Canadian Hudson’s Bay Company appointed Helena Foulkes as its new CEO. She will succeed Jerry Stoch, who was forced to resign at the parent company of Saks OFF 5th and Galeria Inno.

Bain Capital acquires stroller brand Bugaboo

Investment group Bain Capital acquired pram brand Bugaboo. It wants to enter a next phase of its growth strategy with the help of its new owner.

Amazon exceeds own expectations by 500 million

Amazon set a new turnover record and its fourth quarter profit reached 2.1 billion dollars (1.7 billion euro), 69 % above expectations. Alexa speech technology and Amazon Web Services’ cloud services helped reach these new heights.

Galeries Lafayette heads to Luxembourg

French department store chain Galeries Lafayette will open its first Benelux store by the end of next year, when it opens a six-floor location in the Grand Duchy of Luxembourg’s capital.

Alibaba increases its growth forecast once more

Following an incredibly performant third quarter, Chinese e-commerce giant Alibaba upped its full fiscal year forecast, targeting a 55 to 56 % growth.

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