Online news

Alibaba Group announced financial results for the quarter ended 30 September, 2021. Total revenue is up by +29% year-on-year, but its CMR (customer Management revenue) up by just 3%YoY. Revenue up by 29%YoY, on track of serving 2 bn consumers globally Revenue  was CNY200.69 bn (US$31.15 bn), an increase of 29%YoY. Excluding  Sun Art , total revenue would have grown 16% YoY to CNY180.44 ...

Foodpanda is the largest food and grocery delivery platform in Asia, excluding China. We ask Foodpanda 10 questions about its operations, its latest priorities and how suppliers can work with them. Subscribers can get more details about other online delivery aggregators in Asia from our  report.   Where does Foodpanda operate? Foodpanda operates in more than 400 cities across 1...

As trading patterns readjust to the easing of lockdown restrictions in Canada, we look at what this means for Loblaw’s range of formats. Loblaw’s Q3 key numbers Total revenue increased 2.4% to $16.1m, with retail segment sales up 2.4% to $15.8m Food retail same-stores sales increased by 0.2% Drug retail (Shoppers Drug Mart) same-store sales increased by 4.4%, with pharmacy same-sto...

Amazon has announced it will stop accepting payments made with Visa credit cards issued in the UK from 19 th January 2022. UK-issued Visa credit cards affected Whilst Amazon will stop accepting UK-issued Visa credit cards, debit cards will still be accepted. The retailer said it will no longer accept this payment option “due to the high fees Visa charges for processing credit card transac...

As the Colruyt Group looks to regain share it has lost during the pandemic, the retailer has rolled out three innovative initiatives. Colruyt Group trials unstaffed store under Okay Direct banner Colruyt is trialling an unstaffed store under the Okay Direct banner in the centre of Ghent. The retailer said the 150 sq. m store, which stocks about 650 SKUs across both brands and private labels...

As Auchan looks to advance its local operations, we round up news from the retailer as it aims to support sustainable initiatives in France and drive ecommerce growth in Portugal and Russia. Auchan signs up to Planet-Score Environmental Labelling System Auchan has said it supports the launch of the Planet-Score environmental labelling system as part of the on-going expansion of environmenta...

Target’s unique omnichannel model has been a major factor its success over recent years, including through the pandemic. In addition to enabling sales growth, it’s also helping the retailer to become more profitable. We look at the model’s impacts on its third quarter performance. Target’s Q3 key numbers Total revenue increased 13.3% to $25.7bn Comparable store sales increased 12.7%, fol...

Amazon India announced it has completed the integration of its Fresh and Pantry grocery services into a single unified store. The Amazon Fresh store is available in more than 300 cities across India. Simplified shopping experience In February 2021, Amazon announced it would combine its Fresh and Pantry services into one single online store under the Amazon Fresh name. Amazon said the new st...

After a strong performance in the third quarter, the retailer has raised its outlook for sales and profit growth for the full year. With momentum heading into the key trading period, what can we expect to see from Walmart? Walmart's Q3 key numbers Walmart's total revenue in Q3 increased by 4.3% to $140.5bn, representing an additional $8.8bn in sales Sales in its US stores increased by...

US-based Albertsons is launching a new digital media business. This comes almost four years after the launch of a similar programme. Reaching 100m shoppers The new retail media network, Albertsons Media Collective, has been developed to enable its CPG suppliers to deliver “digitally native, shopper-centric and engaging branded content “ to its 100m shoppers across the US, including 27m memb...