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"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.

Hema limits losses in 2016

Dutch store chain Hema managed to lower its 2016 losses significantly when compared to 2015. Full-year turnover grew nearly 5 %, thanks to increased clothing sales and its new store formula.

Stronger Supply Chain Initiative and national dialogue as alternative to EU legislation

(This content was provided by EuroCommerce) For the Supply Chain Initiative, which promotes fair trading practices in business-to-business transactions in the food supply chain, EuroCommerce is looking for an independent chairperson.

2theloo flushed a lot of money

2theloo’s toilet stores have suffered great losses in 2016, including its second founder, Almar Holtz, in October 2016. In 2014, the other founder, Eric Treurniet, had already died in an accident.

New CEO for Beate Uhse

On 15 April, Michael Specht will become German Beate Uhse’s new CEO and COO at the same time. Cornelis Vlasblom will still be CFO.

Gazelle wants to acquire Batavus and become the world's largest bike manufacturer

Dutch company Pon, owner of the Gazelle bike brand, has offered 850 million euro to acquire its competitor Accell. Including Accell's brands Batavus and Sparta, Pon would manufacture 2.3 million bikes per year and become the global market leader.

Optics chain Hans Anders gets new owner

Investment fund 3i is optics chain Hans Anders’ new owner, buying it from two other investment firms, Alpha and Alpinvest.

Minister Kamp wants to keep Unilever in the Netherlands

If Minister of Economy Henk Kamp has anything to say about it, Unilever will become an fully Dutch company soon. He made the statement after the revelation that Unilever wants to get rid of its double British-Dutch nationality.

 

Ever since it was founded in 1930, when MargarineUnie and British Lever Brothers merged, Unilever has had main offices in the United Kingdom and the Netherlands. However, the company is now planning to change its legal structure, because it is also a hindrance to structural changes.

 

Keep city centres vibrant – with retailers

(content provided by EuroCommerce) Retail plays a crucial role in making city centres vibrant and attractive places for people to come and shop and enjoy themselves. This requires however that cities adapt to changing consumers' needs.

Belgian no longer CEO of Hudson's Bay's European branch

Belgian Olivier Van den Bossche will step down as CEO of HBC Europe, which manages both Galeria Kaufhof’s German stores and Galeria Inno’s Belgian stores. Wolfgang Link will be his successor.

Amazon founder wants to sell 1 billion dollars' worth of shares every year

eCommerce giant Amazon’s founder and CEO, Jeff Bezos, announced he will sell a billion dollars’ worth of shares every year. The money will go into his new “toy”, space agency Blue Origin.

Huge loss for Hudson’s Bay

Canadian Hudson’s Bay Company has seen its turnover grew a lot in 2016, mainly thanks to its acquisitions of German Galeria Kaufhof and Belgian Inno. However, it also suffered a huge loss last year.

SCA splits into two companies

SCA, which owns brands like Demak’Up, Libresse, Edet and Okay, will split into 2 different companies. SCA will focus on forestry and related activities, while the hygiene and health divisions will become independent.

The Holy Trinity in retail at the RetailDetail Congress

Peter Decuypere’s Holy Trinity Method is a surprisingly fresh take on marketing, especially for retailers. The former music festival pioneer has now hit the stage himself, for instance at the RetailDetail Congress 2017. 

American Sears in major financial difficulties

In its latest annual report filing, American department store chain Sears doubted its ability to keep operating, which sent the stock plummeting.

Zooplus grows more than 25 % in 2016

Animal web shop Zooplus' turnover grew 28 % in 2016, compared to the year before. For 2017, it hopes to surpass the 1 billion euro turnover barrier as a first step towards its ultimate goal, which is to surpass 2 billion euro in 2020.

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