Alibaba has chosen the Belgian city of Liège as the home of its logistics hub. Despite a late diplomatic challenge by the Netherlands, the first flights from China have arrived in Belgium just after the major sales event of Singles' Day.
Provera Belux, the purchase alliance behind Cora, Match and louis delhaize in Belgium, is delegating its negotiations with 140 important FMCG producers to Carrefour Belgium. This should provide synergies for all parties involved.
Ahold Delhaize and Delft University of Technology (TU Delft) in the Netherlands agreed on a four year partnership to conduct a robotics and artificial intelligence research program. This also includes a test site, which is to be launched at the start of 2019.
More and more women prefer to dress elegantly without being too exposed. The 'modest fashion' movement is one of the fastest growing trends in the fashion world. A silent fashion revolution, thanks to #metoo.
The Blokker family is tired of fighting and is now looking to sell its eponymous Dutch chain. This would spell the end of a retail empire and of 122 years of history.
Sales are slipping at a steady pace at Marks&Spencer. According to chief executive Steve Rowe, it is a situation the British chain simply has to sit out: he does not rule out the possibility of closing more stores.
CEO Pablo Isla of Inditex announces the launch of the Zara webshop in no less than 106 new countries. In addition, the company expects by 2020 to go online with all eight fashion labels worldwide.
French luxury brand Hermès has reached a turnover growth of almost 10 % in the third quarter of its fiscal year, mainly thanks to the United States and Asia. China is doing particularly well: the trade war between Washington and Beijing seems not to affect the French at all.
It is the end of a long-running saga: chocolate producer Galler is now fully owned by the Qatari royal family Al Thani. Founder and CEO Jean Galler steps aside and is succeeded by Salvatore Iannello, the production remains in Liège.
On 11 November China will be celebrating Singles' Day again, the biggest shopping frenzy in the world. Black Friday, Cyber Monday and Amazon Prime Day are dwarfed by the day when Chinese shopping fans celebrate themselves.
Despite a rising turnover, online fashion shop Zalando saw its overall loss reach 55.7 million euros for the third quarter. The hot summer and too many returns were quite costly for the German company.
Belgo-Dutch retailer Ahold Delhaize has seen sales and profit go up in its third quarter. A large part of the growth in both home markets and the United States was due to a surge in online sales.
According to some American analysts, the first Amazon Go outlets are scoring remarkably high in terms of turnover per surface and stock rotation. Could this be a real money machine for Amazon?
Aldi has started its biggest marketing campaign yet in Belgium. For the first time, the German discounter comes out all guns blazing to highlight a string of positive results in quality comparisons.
Alain Chevalier, co-founder of luxury holding LVMH, has died at the age of 87. The Frenchman was at the helm of Moët Hennessy in 1987 when he joined forces with Henry Racamier's Louis Vuitton.
The British government has announced plans for a new tax that mainly targets foreign tech companies such as Amazon, Google and Facebook. A similar discussion in the European Union is heading nowhere, so the UK wants to proceed on its own.
Walmart is adding augmented reality to its iPhone app in a tool that helps customers to compare products.
“When we heard that Jorg Snoeck, founder of RetailDetail, working with Pauline Neerman, editor at RetailDetail, had published a new book, titled The Future of Shopping, we knew that we had to have Jorg at The Amsterdam Produce summit, which this year is headlined Retail Strategies: Seizing Success in the Omni-Channel Future,” says Jim Prevor.
Restaurant chain Wagamama has a new owner: British catering group The Restaurant Group has bought the Japanese-inspired formula for 630 million euro, substantially less than what the previous owner had hoped for.
Starting in November, Apple Pay will be expanding to Belgium as well. It will however be exclusively available to customers of BNP Paribas Fortis, others will have to wait until next year. Will mobile payment get a new impulse?