Amazon is always looking for growth, as the launch of a Dutch web shop in 2020 proves. But is it too late by now? And how can others to compete? Retail influencer Natalie Berg explains how at RetailDetail’s Omnichannel & E-commerce Congress 2020.
The Danish Lars Larsen Group, the parent company of furniture chain Jysk, once again achieved record figures for the 2018/2019 financial year. Operating profit was 3.9% higher than a year ago.
Fashion chain C&A is closing thirteen stores in Germany. Last week, the company also announced the closure of some thirty French stores.
Belgian fashion house Natan, led by designer Edouard Vermeulen, has just opened its first boutique in Paris. "I’ve never made crazy investments."
Over the next two years, Mars Retail Group plans to open three new M&M’s candy stores, including one in Berlin. The flagship stores will have a "Wall of Chocolate", M&M’s walking around, and games.
FMCG producer Procter & Gamble performed better than expected last quarter. The company is increasing its turnover and profit forecast for the current financial year.
Morrisons announces a major restructuring in which 3,000 management jobs will disappear. At the same time, the British supermarket chain wants to create 7,000 new jobs "on the shop floor".
Coffee brand Douwe Egberts is no longer available in many Colruyt and OKay branches, as price negotiations between the two parties continue to drag on. In order to be able to live up to its lowest price guarantee, the retailer from Halle is trying to gain maximum benefit.
The hypermarkets continue to affect French retail group Carrefour: sales in France, Italy and Belgium continued to fall in the fourth quarter. However, there are also some bright spots: Latin America, Poland and Romania save the furniture, profitability improves and the transformation plan is on track.
Online fashion retailer Asos has experienced strong growth of sales over the past four months, mainly driven by Black Friday. Turnover rose by some 20%, thanks to 27.7 million orders.
What does Daniel Kretinsky have in mind for Casino and Metro? The unruly Czech investor, with a penchant for sectors 'on their way back', has set his sights on the European hypermarket sector, but what are his intentions?
Fashion chain C&A has announced the closure of 30 French stores. As a result, 200 jobs are jeopardized. This is the second wave of closures in less than a year.
Changes at the top at Carrefour : François-Melchior de Polignac replaces Guillaume de Colonges as Executive Director for Northern and Eastern Europe and is once again CEO of Carrefour Belgium.
Last year, Aldi managed to outperform Tesco and Carrefour to take second place in the ranking of the largest European food retailers, after rival Schwarz Group (Lidl and Kaufland). Further consolidation in the sector seems inevitable.
As of today, bol.com also sells clothing. Among its fashion partners are big names like About You, Jack & Jones, Miss Etam and Zeeman.
Retailers in the Benelux will face declining consumer confidence and increasing competition in the coming years, credit rating agency Moody’s says in a new report. Traditional retail chains are forced to make high investments due to the growth of online retail, which has a negative impact on profits and creditworthiness.
Halfway through the nineteenth century, the first department stores caused a major revolution in the Belgian retail market. The pioneers initially experienced an unprecedented boom, but ultimately had no answer to the rise of hypermarkets and category killers in the 1960s. The biggest players sought refuge in a mega-merger. Today, one chain remains, with 16 stores: Galeria Inno, in German hands.
The threat of a possible corona epidemic in China has caused a shockwave in European luxury goods stocks. With the Chinese New Year approaching, the coronavirus could heavily impact these brands’ turnover.
As previously announced by the foodservice company, Sligro Food Group in the Netherlands saw its profits fall sharply last year.
Rohlik, the leading grocery delivery service in the Czech Republic, has started its European expansion: the grocery delivery service just started in Hungary, Austria, and Romania, but is already approaching Germany.