PlanetRetail News

05 Dec 2016
ITM (INTERMARCHÉ) launches accelerator programme
France’s Les Groupement des Mousquetaires has announced the details of its new Scientipôle accelerator programme for startups, which is dedicated to the areas of e-commerce and retail
05 Dec 2016
CARREFOUR moves on Carmila property division IPO
Carrefour is understood to be gearing up to launch an IPO of its European property division Carmila in mid-2017. By doing so, it will be able to generate funds to invest in stores and improving the overall proposition. PLANET RETAIL'S VIEW
  • Owning huge malls will likely be less relevant in a digital future, so any Carrefour decision to leverage its real estate portfolio to drive digital and O2O growth feels like an astute move. 
Holding significant value, the launch of an IPO for part of the holding will raise considerable funds for Carrefour which could be ploughed back into improving ranges, foreign expansion, embracing multi-channel and so on. A look across the channel? The plans feel much like what rival Tesco has done in the UK – using sale and leasebacks to raise funds for overseas expansion – although Carrefour will likely put the money back into its core French unit
05 Dec 2016
SOUQ.COM claims m-commerce helped double 'White Friday' event sales
Online retailer Souq.com said it doubled the 'White Friday' sales from last year, with 1.2 million products being sold during the four-day shopping sale across the Gulf and Egypt
05 Dec 2016
DAGROFA, REMA 1000 upgrade instore payment systems in partnership with Verifone
Verifone announced that Dagrofa, Denmark’s third-largest retail company, and REMA 1000, the country’s fastest-growing discount chain, have recently selected Verifone to enable more options for the way consumers shop and pay in their stores
05 Dec 2016
MERCADONA to invest EUR50 million in Portuguese suppliers
Spanish retailer Mercadona purchased EUR35 million of items from Portuguese suppliers in the nine months to September with the figure likely to surpass EUR50 million for the full year, according to Mercadona.

In 2019, Mercadona will enter Portugal in Oporto, in the north of the country