B&M indicates more moves in Europe as full-year sales show strong domestic growth
Group revenues increased by 23.6% to GBP2.03 billion. UK like-for-like sales increased by 0.3% and 2.4% on an underlying basis. A record number of 79 UK stores were opened during the fiscal year taking the total number of stores in the UK to 499 at the end of March
JET.COM improves shopper experience with new fulfilment management platform
E-commerce retailer Jet.com has selected a newly launched Intelligent Fulfilment Platform from Convey. The system is designed to improve delivery experiences through branded communications, large-item returns and personalised decisioning. Convey has created the software with the mission of enabling retailers to get products to customers faster through increased delivery communication and optimised shipment decisioning and execution...
WILLIAMS-SONOMA e-commerce gains help it exceed Q1 expectations
Net revenues grew 6.5% to USD1.10 billion versus USD1.03 billion in 1Q15. Comparable brand revenue growth was 4.5%. Operating margin was 5.8% versus 7.0% in 1Q15
E-MART sees solid growth despite South Korean market downturn
South Korea’s second-largest retailer E-mart saw a significant recovery in both sales and profits in 1Q2016. In an environment where most big-box operators are struggling in a saturated market amid a fierce price war, cautious consumer consumption and the unfavourable legitimation environment, E-mart has emerged ahead.Headlines:
- Gross sales increased to KRW3.4 trillion (USD2.8 billion), representing 4.7% YOY growth.
- Rapid improvement in profitability was seen in a 3.4% YOY increase to KRW1.5 trillion in net income
AHOLD launches online delivery service for its US bfresh high-end banner
Ahold's bfresh has launched an online ordering and delivery service in partnership with a Ukraine-based service provider making its US debut. CartFresh, which according to its website provides similar services for European retailers Auchan and Metro Cash & Carry in the Ukraine, established a US base late last year in Boston as part of the Techstars business accelerator...