All articles by Planet Retail – Page 36
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Media-Saturn launches Media Markt online shop
Metro Group-controlled Media-Saturn in Switzerland has launched its Media Markt online shop.The site currently offers 1,000 items but the range is to be expanded to 1,500 products in the future. Saturn’s ecommerce presence is due to follow next year.
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X5 Retail Group plans ecommerce launch
Grocery retailer X5 Retail Group is thought to be planning to launch an ecommerce banner called E5 in the second half of 2012.The website would allow consumers to order goods online and pick them up in Pyaterochka, Perekrestok and Karusel stores.
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Tengelmann buys 10% stake in Neonga
Retail group Tengelmann has bought a 10% stake in Berlin-based online game provider Neonga via Tengelmann Ventures. The deal is part of the retailer’s strategy to build a portfolio of financial investments in technology start-ups.Tengelmann Ventures told Planet Retail that investment would be focused on mobile, software and gaming companies ...
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Amazon introduces e-book fund
Amazon has introduced a $6m (£3.85m) fund under the Kindle Direct Publishing Select scheme for authors who make their e-books exclusive to Amazon Kindle for at least 90 days.The etailer expects to pay authors from the pot when their books are borrowed under the Kindle Lending Library, which is part ...
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Lidl reprimanded by Swedish Advertising Ombudsman
Schwarz Group-owned discounter Lidl has reportedly been reprimanded by the Swedish Advertising Ombudsman for misleading advertising.An article in Esmerk said that a consumer lodged a complaint about a TV commercial in which the retailer claims to travel the world to buy produce directly from local farmers.The complainant argued that the ...
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Saks Fifth Avenue relaunches SaksPOV website
Upmarket department store group Saks Fifth Avenue has relaunched the SaksPOV website after five months of development.SaksPOV offers shoppers insight on fashion, culture and art and includes multimedia content, Saks brand coverage and lifestyle pieces. Saks Direct chief marketing officer and president Denise Incandela said: “We will use SaksPOV as ...
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Schlecker closes 400 stores
Drugstore operator Schlecker had to close about 400 stores in November and a further 200 will follow this month, according to Spiegel.Chief executive and owner Anton Schlecker is said to have already invested a double-digit million euro sum of the company’s private assets to restructure the chain, which lost its ...
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Retailers pilot Google’s new indoor mapping function
Ikea, Macy’s and Home Depot are piloting Google’s new indoor mapping functionality to help shoppers find products in stores. Shoppers with Android smartphones will be able to use the tool, which forms part of the newly released Google Maps 6.0. The functionality works like Google’s outside mapping service and can ...
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Toys R Us introduces QR codes to showcase best-sellers
Toys R Us has introduced QR codes to billboards in the New York metro area to encourage mobile shopping. Commuters and travellers will be able to use their mobile phones to scan codes on posters located at airports and 40 transit stations, which showcase some of the retailer’s best-selling items.Toys ...
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Globus launches first click-and-collect store
Hypermarket operator Globus launched its first click-and-collect store, called Globus Drive, on December 1.The first pilot is in Ensdorf, Saarland, close to the French border. Customers can select from a range of 6,000 products online for collection.Globus has invested e3m (£2.6m) in the standalone warehouse, which will serve up to ...
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Amazon continues international expansion
Amazon plans to continue its international expansion by launching operations in Latin America in 2013, according to local press. Although the etail giant has not confirmed plans, Kindle content director Pedro Huerto was quoted telling delegates at a book fair in Santiago, Chile, that Amazon expected to enter the region. ...
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Celesio sets sights on Latin America acquisitions
German pharmacy retailer and wholesaler Celesio has set its sights on more acquisitions in Latin America to offset sluggish growth in its home market. Chief executive Markus Pinger revealed the plans and said that he would expect to be ready to expand in 2013 and 2014 – giving the company ...
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Ikea clarifies Russian market plans
Ikea has clarified its plans for the Russian market over the next few years and expects to invest e180m (£154m) to open three new stores. The shops will be located in Moscow, St Petersburg and one of the country’s other ‘megacities’ with a population over 1 million. The Moscow store ...
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Delhaize accelerates store openings
Delhaize plans to speed up store openings in its new markets and new formats to achieve annual sales growth of 5% to 7% in three years. The retailer expects to open about 450 stores in its newer operations by 2014. Store openings will include expansion of its Bottom Dollar Food ...
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Auchan to open six hypermarkets in 2012
Auchan will open six hypermarkets in Russia in 2012, Auchan Russia chief executive Jean-Pierre Germain has revealed.“We will open six classic hypermarkets next year and continue to work on projects that are not yet complete,” Germain said.The hypermarkets will be located in Nizhny Novgorod, Ryazan, Tyumen, Ulyanovsk, Volgograd and Rostov-on- ...
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Barnes & Noble narrows net loss
Bookseller Barnes & Noble narrowed its net loss from $12.6m (£8m) to $6.6m (£4.2m) for its second quarter ended October 29. Sales dropped 0.6% to $1.89bn (£1.21bn), with a decline in physical book sales offset by growth for its Nook product family. The retailer said that its Nook tablet has ...
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Walmart introduces first social shopping app
Walmart has introduced the first social shopping app from its recently formed @WalmartLabs division. Known as Shopycat, the tool allows Facebook users to find gifts for friends and family based on the interests posted on their profiles. It then recommends items from Walmart’s stores, Walmart.com and other sites including RedEnvelope, ...
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Casino to reduce non-food sales area in hypermarkets
Casino is to reduce the non-food sales area of its largest Géant hypermarkets in France following a pilot test in its largest hypermarket located near Marseille in which the sales area was reduced from 182,990 sq ft to 150,700 sq ft. Casino will cut the non-food sales area of half ...
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Metro Group appoints new chief executive
Metro Group has appointed Olaf Koch as its new chief executive from January 1, 2012, and Franz Markus Haniel as chairman of the supervisory board with immediate effect. Koch has served as chief financial officer of Metro Group since September 2009. Current chief executive Dr Eckhard Cordes revealed in October ...
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Woolworths outlines strategic priorities
Woolworths chief executive Grant O’Brien outlined his strategic priorities at the AGM. He intend to “extend and defend leadership in food and liquor” by establishing a dominant position in fresh food in Australia; to maintain its track record of building new growth businesses; and “to put in place the enablers ...