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News

  • Suning amasses capital for smart O2O convenience push

    China’s Suning has launched a share issue to raise around USD750 million that will be used to develop its Suning Xiaodian smart convenience banner. Suning previously stated it planned a dramatic upscaling of its 2019 opening goal to 15,000 new outlets. The stores are 20-200 sq m outlets targeting residential communities, central business districts, and transport hubs

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  • SPAR International global sales up 5.4% in 2018

    SPAR International, reported another exceptionally strong year in 2018 with global retail sales of EUR35.8 billion for the year ending 31 December 2018, representing an increase of 5.4% on a constant currency basis. In the 16 Western European markets where SPAR has a presence, sales grew by 4.1% to EUR22.1 billion from a total of 9,680 stores

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  • O’Key Q1 2019 growth driven by discount banner

    Russian retailer O’Key saw its hypermarket division pull down performance as net retail revenue increased by 0.7% to RUB39.42 billion (USD615 million) in Q1 2019

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  • Nordstrom sales decline 3.5% in Q1 2019

    Nordstrom has reported financial results for the first quarter ended 4 May 2019. Total company net sales decreased by 3.5%. The retailer’s top-line results were impacted by three areas loyalty, digital marketing and merchandise which contributed to declines across its Full-Price and Off-Price businesses, in both stores and online. First quarter net earnings were USD37 million compared with USD87 million during the same period in fiscal 2018

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  • AS Watson Marionnaud deploys Lyf Pay across French network

    After testing the Lyf Pay payment solution at 50 of its perfume stores, Marionnaud announced its deployment throughout its French network, of some 500 stores

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