Belgian retail group Colruyt will open a pop-up store for its web shop Collishop, focused on garden tools and BBQ equipment, in Antwerp. The group has acquired the large store, on a major road to the city, to use it for another of its retail chains later on.
Colruyt opens pop-up store for web shop Collishop
German online company Otto Group saw its turnover grow 10.9 % to 7.76 billion euro in the past fiscal year. The former mail order company will continue to invest in start-ups and technology.
Chinese online retailer JD.com has grown strongly in 2017: turnover grew nearly 50 % and it was profitable again. The company also expects to exceed a 30 % growth pace in 2018’s first quarter.
Rakuten has decided to get rid of its French brand Priceminister and absorb it into Rakuten, similar to what it did tot British Play.com.
Fast food supplier Takeaway.com acquired its Bulgarian competitor BGmenu and its Romanian competitor Oliviera in yet another step towards its goal of being the European market leader.
The mailman will deliver groceries every two weeks from now on: PostNL will collaborate with new grocery service Stockon in the Netherlands. A remarkable fact is that its private label brands are Boni, which is Belgian supermarket chain Colruyt’s private label.
There was another strong increase in the Chinese online market last year: compared to 2016, it achieved an astonishing 32 % growth. In that regard, China is performing exceptionally online.