Alibaba is Retailer of the Year at World Retail Congress | RetailDetail

Alibaba is Retailer of the Year at World Retail Congress

Alibaba is Retailer of the Year at World Retail Congress

Alibaba has won the top award at the World Retail Congress, namely "Retailer of the Year". Primark took home two awards, and bizarrely allround winner Alibaba did not win the prize for best web shop.

Two awards for Primark

According to the expert jury, Alibaba earned the "Retailer of the Year" award because it thoroughly changed consumer behaviour in China and managed to breakthrough worldwide.

 

Primark's CEO received the "Outstanding Leadership Award" and his store chain got the "Retail Transformation and Reinvention Award". According to the jury, Primark was a continuous success this past year, like with its international expansion.

 

British Marks & Spencer's "For Every Milestone" campaign was dubbed the ad campaign of the year, while toy chain Hamley's store in Moscow received the "Store Design of the Year". Missguided.com's founder, Nitin Passi, was given the "Young Retail Entrepreneur" award for his work, while JD.com beat Alibaba to become the "e-Commerce Retailer of the Year".

Questions or comments? Please feel free to contact the editors


Action owner wants to sell stake

18/05/2018

Action’s owner, investment firm 3i, aims to sell a part of the discount store chain next year. The Brits would want to sell a 35 % stake in the firm.

Belgian fund close to HEMA acquisition

09/05/2018

Belgian Core Equity holding is allegedly close to acquiring Dutch chain HEMA: a verbal agreement is apparently in place, all that is required are the signatures.

Walmart, not Amazon, will acquire Indian market leader Flipkart

07/05/2018

Despite Amazon’s attractive offer, Indian online retailer Flipkart has chosen for Walmart and (remarkably), Google owner Alphabet as the new owners of 75 % of Flipkart’s shares. The deal is said to be worth 15 billion dollar.

Alibaba's growth exceeds expectations

07/05/2018

Chinese retail group Alibaba has published better-than-expected quarterly results: turnover went through the roof, but its profit is under pressure because of increased investments.

Shareholders ‘not amused’ by Unilever CEO's wage increase

03/05/2018

One in three British Unilever shareholders voted against the company’s proposed remuneration plan. Investors in the Dutch part of the (currently) British-Dutch company will vote on the plan as well.

Macy's acquires New York-based concept store Story

02/05/2018

American department store chain Macy’s will acquire New York-based concept store Story. Founder Rachel Schechtman will become Macy’s’ “brand experience officer”.