PlanetRetail News

31 Aug 2016
AMAZON looking to debut cut-price music streaming service exclusive to Echo
Amazon wants to launch a music subscription service that would work the same way services from Apple, Spotify and many others work.  USD10 a month, for all the music you can stream, anywhere you want to stream it. But Amazon is also working on a second service that would differ in two significant ways from industry rivals. It would cost half the price, and it would only work on Amazon’s Echo hardware...
31 Aug 2016
COOP (CH) Selgros to expand and diversify formats in Russia
Coop (CH)-owned Selgros intends to open four new cash & carries in Russia within the next two years. Three will be conventional large cash & carries with sales areas of 8,000-9,000 square metres, whereas one will be a prototype compact store of 4,000 square metres. PLANET RETAIL'S VIEW
  • We consider the expansion of these small-sized stores as a positive move, as foodservice and independent clients can restock in more efficient ways in economically challenging times
31 Aug 2016
NORGESGRUPPEN performs well in H1
Total revenues for Dutch grocer NorgesGruppen showed an increase of 14.1% to NOK24.23 billion for the first half of 2016. In particular, the Kiwi banner delivered strong comparable sales growth for both new and existing stores
31 Aug 2016
LEROY MERLIN reaches e-commerce milestone in Spain
In just one year since its launch, Leroy Merlin’s Spanish e-commerce platform has reached 2 million visitors. The online community was designed to target “DIY enthusiasts (customers or not) who can utilise the platform to share creations and ideas to improve their home. The website allows users to interact by navigating virtual rooms and houses
31 Aug 2016
WOOLWORTHS (SOUTH AFRICA) bucks economic downturn in full-year results
Woolworths South Africa reported a rise in sales by 16.4% to ZAR72.1 billion (USD5 billion) in its full-year results. Woolworths has reported increased sales and profit in spite of slowing economic growth and weakened consumer confidence, benefiting from increased revenue from its Australian subsidiary, David Jones…