International News

International News

UAE: Amazon Confirms Souq.com Takeover

Amazon has confirmed that it has reached an agreement to acquire Souq.com, the largest online retailer in the Middle East, ending months of speculation. ...

RUSSIA: X5 Retail To Maintain Aggressive Expansion Pace, Aims To Double...

The X5 Retail Group has said it aims to keep opening stores at a rapid pace, as it looks to double its market share...

THE NETHERLANDS: Ahold Delhaize To Expand Albert Heijn B2B Offer?

Ahold Delhaize is reportedly set to expand the B2B offer of its Albert Heijn online shop. According to a report by Distrifood, the AH online...

SPAIN: Eroski Sells Off 22 Outlets

Eroski has sold off 22 supermarkets and the Parque Abadía complex in Spain to Lar España, in a deal worth €47.6m.  The 22 commercial premises...

INDIA: Walmart Confirms Rapid Expansion Plans

Walmart has reiterated plans to rapidly expand in the Indian market, saying it plans to open around 50 new outlets over the next three...

US: Walmart Tops Personal Care Market – Report

Walmart has the largest market share of the $40bn personal care market in the US, according to a new report by TABS Analytics. The latter’s...

GLOBAL: Market For Electronic Shelf Labels To Increase 10-Fold By 2022...

The demand for electronic shelf labels (ESLs) is gaining momentum globally, as retailers increasingly struggle to effectively match online pricing, digitise their physical stores,...

UAE: Souq.com Receives $800m Bid From Emaar Malls

The future of Souq.com, the largest online retailer in the Middle East, has taken another twist after Emaar Malls confirmed that it has submitted...

RUSSIA: Dixy Looks To Boost Own Label Sales

The Dixy Group has announced plans to significantly boost its own label sales this year, through various initiatives. The group said it wants own label...

ASIA: Vietnam To Be Region’s Fastest-Growing Convenience Market – IGD

Vietnam is expected to be the fastest-growing convenience market in Asia by 2021, followed by the Philippines and Indonesia, according to new data released...