Retail News
The Retail Bulletin
The Retail Round up – The Sunday Papers
Murky world of buyers who bypass the High Street turns ugly as Nike goes into battle over 'fake' trainers, M&S board members to receive bonus for boosting sales despite missed targets, TUI Travel and Thomas Cook draw contingency plans in case of Greece's exit from the euro, UK ret …
Official Team GB LEGO minifigures launched
To celebrate the London 2012 Games, the popular toy is back with an exclusive special edition line of Team GB LEGO Minifigures.
John Lewis reports strong bank holiday trade
John Lewis benefited from strong bank holiday trade last week as sales closed 16.6% higher than the same week last year.
Poundworld launches discount wholesale website
Discount retailer Poundworld has launched a discount wholesale website which targets independent retailers, e-bay sellers and market traders
Asda's like-for-like sales rise 2.2%
Asda, the Walmart owned supermarket chain, saw its like-for-like sales grow by 2.2% in its first quarter helped by strong growth in its core grocery division and in childrenswear.
Signs of optimism among local shops
The number of local retailers considering making investments in their stores has increased, according to a survey conducted by the Association of Convenience Stores.
Research reveals shopping centres as most effective locations for experiential marketing
The British Council of Shopping Centres and the Institute of Promotional Marketing have said that new research conducted by the two organisations has shown that shopping centres offer advertisers and brands the most effective venue for brand engagements and experiential marketing activity.
John Lewis partners with Kuoni on new concept travel concessions
Employee-owned department store chain John Lewis has announced a new partnership with Kuoni which will see the travel company launch concessions in four of the retailer's shops.
McArthurGlen hosts cliff-top fashion show
Tourists travelling across the English Channel have been treated to a pop-up catwalk show on top of the White Cliffs of Dover.
French Connection issues profit warning
French Connection, the struggling fashion chain, has warned on profit as it sales and revenues continue to fall.
The Grocer
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China Retail News (Food & Beverage)
Hong Kong Company Acquires U.K. Luxury Apparel Brand
Hong Kong apparel wholesale and retail business operator YGM Trading Limited has announced that it has reached an acquisition agreement with Aquascutum, a British luxury apparel brand, to purchase the assets and businesses of the latter for GBP15 million. According to a report published by YGM, the …
Yum Aims For Restaurant Expansion Inside Chinese Electronics Stores
The international restaurant chain operator Yum! Brands and the Chinese electronics and home appliances retailer Suning Appliance Company Limited have jointly announced in Nanjing that the two parties have formed a strategic alliance to cooperate in opening new outlets and business center planning. …
CR Vanguard's BLT Supermarket Enters Second-tier Chinese City For The First Time
China Resources Vanguard, the retail subsidiary of China Resources (Holdings) Company, has announced the opening of its new BLT boutique supermarket in Zhongshan, Guangdong province, marking BLT's first entry into a second-tier city. With an area of over 3,700 square meters, the new BLT superma …
China's Bright Food To Implement Largest Overseas Acquisition
China's leading food group Bright Food has announced plans to acquire a 60% stake in Weetabix, the leading cereal food maker in U.K. The transaction, which is reportedly the largest overseas acquisition by a Chinese company in the food and beverage sector, is expected to be completed in the sec …
China Life Insurance Will Sell Products Via Convenience Stores In Shanghai
The Shanghai branch of China Life Insurance (Group) Company has signed cooperation agreement with Kedi and Alldays convenience stores for the sale of accident insurance in Shanghai. With the cooperation, the 1,420 Kedi and Alldays convenience stores in Shanghai will sell China Life Insurance's …
European Dairy Export Company Enters China
Hero Group, a leading European dairy export company, has announced its formal entry into the Chinese infant formula market. The company will launch its Hero Nutradefense brand products in China and the products will be sold via Suzhou-based Jampoo Union Corp, its exclusive general agency in China in …
China's Suguo Opened 50 New Retail Outlets In Q1 2012
During the first quarter of 2012, the Chinese supermarket retailer Suguo maintained rapid growth, and by the end of March, it had opened 50 new outlets, making the total number of its owned stores reach 1,250. These newly opened stores are mainly located in Jiangsu and Anhui provinces. Of which, 12 …
Online Payment Firm Focuses On Chinese Businesses
Chinese third-party Internet payment company 99bill.com announced that it will launch a new brand image and its new brand core value will focus on providing professional and effective liquidity management solutions to enterprises. Guan Guoguang, chief executive officer of 99bill.com, told local medi …
Chinese Internet Company Offloads Group Discount Buying Business
China's Ganji.com and 55tuan.com have jointly announced that 55tuan.com has become the operator of Ganji.com's group buying business. The Chinese classified information website Ganji.com said that it has reached a strategic cooperation with 55tuan.com and the company will team with this pr …
China's Yonghui Superstores Posts Annual Financial Results
Chinese supermarket retailer Yonghui Superstores has announced its financial reports for the year of 2011 and the first quarter of 2012. According to the company, its net profit in 2011 was CNY466.92 million, an increase of 52.91% compared with the previous year. However, it expects a nearly 25% dec …
