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PlanetRetail News

31 Jul 2015
7-ELEVEN Philippines sets 2,000-store target by 2016
Philippine Seven Corporation (PSC) is aiming to grow its nationwide store network by 25% a year and expects to hit 2,000 stores in 2016. In an interview, PSC President Jose Victor Paterno said the aggressive expansion will be boosted by the firm’s recent entry into Mindanao where they plan to put up 60 stores this year consisting of 35 in Davao City and 25 in Cagayan de Oro City...
31 Jul 2015
YOOX GROUP sees H1 net profit soar
Italy-based Yoox Group has reported net sales of EUR284.6 million (USD308.5), up 19.6%, for the first half of its financial year 2015 ended 30 June. North American sales were driven by the strong dollar
31 Jul 2015
SNAPDEAL promises profit within three years
Snapdeal, one of India's largest online retailers, has laid out a timeline for future profits. Founder and Chief Executive Kunal Bahl said yesterday in Hong Kong that his company, which raised USD627 million in its last round led by Japan's Softbank, will be profitable in 2-3 years...
31 Jul 2015
AUCHAN reportedly shelves Arcimbo pilot
Should today's rumours be confirmed, it would hardly come as a surprise. Auchan introduced its new fresh and gourmet food supermarket concept Arcimbo in the Paris area in early 2013 with the aim of creating symbiosis with a nearby Auchan Drive location.However, only a few weeks after the concept opened, Planet Retail raised concerns about the viability of the model
31 Jul 2015
AMAZON opens Dash availability to all US Prime users
Starting today Amazon has officially made its Dash Buttons available to the US Amazon Prime members for USD4.99. (Unfortunately there's no word yet on when this time-saving device could come overseas, but it likely won't take long.) So far, Amazon is selling Dash Buttons for Tide detergent, Cottonelle toilet paper, Glad trash bags along with 15 other...