Search Results for: Retail

Austrian Retailer BILLA Lends a Hand to Ukrainian Children with Free Meals

(IN BRIEF) Austrian retailer BILLA provided free packed lunches to 44 Ukrainian children from Kharkiv and Odessa during their holiday in Austria, organized by Österreichische Kinderfreunde in collaboration with the Ukrainian Embassy. The children, who spent time in Carinthia and … Read the full press release

Marel Unifies Retail, Food Service Solutions, and Fish Divisions Under New Leadership

(IN BRIEF) Marel has unified its Retail and Food Service Solutions (RFS) and Fish divisions under the leadership of Jesper Hjortshoj to streamline operations and enhance customer value. Jesper, who has been with Marel for 18 years, will also continue … Read the full press release

Experian Forecasts £600M Sales Surge for UK Retail and Hospitality During August Bank Holiday, Weather-Dependent Boost Possible

(IN BRIEF) The August bank holiday is expected to bring a significant boost to the UK’s retail and hospitality sectors, with a forecasted 15% increase in sales, contributing an additional £600 million to the economy. This uplift is based on … Read the full press release

EBRD and Partners Invest €10 Million to Fuel Expansion of Romanian Retailer La Cocos

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD), along with private equity firms CEECAT Capital and Morphosis Capital, has made a significant investment in the Romanian discount food retailer La Cocos. The €10 million equity investment will help … Read the full press release

Casino Group Enters Talks to Sell Corsican Retail Subsidiary Codim 2 to Auchan

(IN BRIEF) Casino Group has initiated exclusive negotiations with Auchan Retail France and Rocca to sell its subsidiary Codim 2, which operates various retail formats in Corsica. Codim 2, comprising hypermarkets, supermarkets, cash & carries, and drive-throughs, achieved a turnover … Read the full press release

Currys Partners with Accenture and Microsoft to Revolutionize Retail Operations Through AI

(IN BRIEF) Currys plc has teamed up with Accenture and Microsoft to overhaul its technology infrastructure using advanced AI solutions provided by Microsoft’s Azure OpenAI Service. This strategic move will not only simplify and secure Currys’ tech environment but also … Read the full press release

Citycon Illuminates Retailers with Innovative Spotlight Solutions Across Nordic Centres

(IN BRIEF) Citycon introduces Spotlight, a dynamic suite of flexible solutions designed to enhance retailer visibility in its Nordic region centres, catering to the evolving retail landscape. Spotlight extends beyond traditional leasing, offering retailers prime exposure in high-traffic areas through … Read the full press release

Adyen Research Reveals Alarming Global Retail Fraud Losses, Urges Enhanced Prevention Strategies

(IN BRIEF) Adyen, in collaboration with Cebr, has unveiled concerning statistics indicating a staggering $429 billion loss to payments fraud in the retail sector in 2023. The report exposes an average loss of $2.98 million per enterprise, with luxury fashion … Read the full press release

Hiab Secures EUR 7.3 Million Order for WALTCO Tail Lifts from Major US Retailer

(IN BRIEF) Hiab, a division of Cargotec, has announced a significant order worth EUR 7.3 million for WALTCO tail lifts in the US from a national discount retailer, booked in Cargotec’s Q1 2024 orders. The retailer, with numerous stores across … Read the full press release

Relay by Lagardère Travel Retail Marks Exceptional Year with Global Expansion and Renewed Partnerships

(IN BRIEF) In 2023, Relay, the iconic brand by Lagardère Travel Retail, showcased its commitment to enhancing travelers’ experiences worldwide with a redefined brand signature and strategic partnerships. Renewed collaborations with Group ADP and SNCF in France highlighted Relay’s agility … Read the full press release

Deutsche Telekom, ServiceNow, and Cisco Unveil Future-Ready Retail Solutions at EuroCIS Trade Fair

(IN BRIEF) Deutsche Telekom, along with partners ServiceNow and Cisco, will showcase innovative retail solutions at the EuroCIS trade fair in Düsseldorf. These solutions, including “Instore Task Management” and “Law Monitoring,” aim to streamline operations and ensure compliance with evolving … Read the full press release

Realty Income Announces Sale-Leaseback Deal with Decathlon for 82 Retail Properties Across Europe

(IN BRIEF) The Monthly Dividend Company, Realty Income, has finalized a sale-leaseback agreement involving 82 retail properties leased to Decathlon SE, a renowned global sports retailer. The portfolio spans across key European markets such as Germany, France, Spain, Italy, and … Read the full press release

Barclays Expands Reach with Acquisition of Tesco Retail Banking Business and Exclusive Partnership Deal

(IN BRIEF) Barclays Bank UK PLC has announced its agreement to acquire Tesco’s retail banking business, marking a significant strategic move to expand its offerings and distribution channels in the UK. This acquisition, along with an exclusive long-term partnership to … Read the full press release

BBVA’s Commitment to Rewarding Its 750,000 Retail Shareholders

(IN BRIEF) BBVA, with over 750,000 retail shareholders, places a strong emphasis on creating value for its individual investors who collectively hold 39.3 percent of the bank’s shares. The remaining shares are owned by institutional investors, including investment and pension … Read the full press release

Lagardère Travel Retail to Elevate Food and Beverage Experience at Varna and Burgas Airports from 2025

(IN BRIEF) Lagardère Travel Retail is set to enhance the food and beverage offerings at Varna and Burgas international airports from 2025 as it takes on the management of the Foodservice Master Concession. This transformation will introduce new concepts from … Read the full press release

Vodafone’s EasyTech Stores Redefine Retail with Tech Innovation in Romania

(IN BRIEF) Vodafone Romania has introduced a new type of concept store called EasyTech, designed to enhance the customer experience and offer a wide range of technology products. The first EasyTech store opened in Bucharest, featuring product displays, sales offices, … Read the full press release

Vivendi Becomes Global Leader in Publishing and Travel Retail with Lagardère Merger

(IN BRIEF) Vivendi has successfully completed a major transaction with the Lagardère group, solidifying its position as a global leader in culture, media, and entertainment. This strategic move enhances Vivendi’s presence in publishing, travel retail, and experiences, while also providing … Read the full press release

Maersk’s Omnichannel-Fulfillment Powers Double Eleven Retail Success with 8.15 Million Orders Processed

(IN BRIEF) Maersk, a global leader in integrated logistics, has showcased its Omnichannel-Fulfillment (OCF) capabilities during China’s Singles Day (Double Eleven) shopping festival, supporting 56 key clients across 16 OCF sites in China. Maersk’s team successfully managed 8.15 million outbound … Read the full press release

UK Retailers Roll Out Early Christmas Displays to Boost Festive Sales

(IN BRIEF) According to data from the Barclays Business Barometer, UK retailers are embracing an early start to the Christmas season, with 49% of them opting to display festive goods earlier this year to help customers spread the cost of … Read the full press release

Societe Generale Appoints François Bloch as Head of International Retail Banking for Africa, Mediterranean Basin & Overseas

(IN BRIEF) Societe Generale has announced the appointment of François Bloch as the new Head of International Retail Banking for the Africa, Mediterranean Basin, and Overseas region, effective from November 1, 2023. François Bloch, who has been with the Group … Read the full press release

Zalando Unveils ZEOS: The Operating System for Multi-Channel Fashion Retail in Europe

(IN BRIEF) Zalando, a fashion e-commerce giant, has introduced ZEOS (Zalando E-commerce Operating System), a comprehensive platform designed to revolutionize multi-channel fashion and lifestyle retail in Europe. ZEOS aims to empower fashion brands and retailers to efficiently manage their multi-channel … Read the full press release

ELKO Receives Accolades as Best Retail Partner and Customer Service Distributor in 2023 CONTEXT ChannelWatch Survey

(IN BRIEF) ELKO, a prominent player in the technology distribution industry, has earned recognition as the “Best Retail Partner” and the “Best Customer Service Distributor” in the 2023 CONTEXT ChannelWatch survey, a widely-respected online IT reseller survey known for its … Read the full press release

ORLEN Expands Retail Network in Slovakia, Focuses on Alternative Fuels and Electric Mobility

(IN BRIEF) ORLEN, a prominent energy company, has nearly doubled its retail network in Slovakia this year, with all 90 stations now operating under the ORLEN brand. Following this successful rebranding, ORLEN plans to enhance its non-fuel product offerings and … Read the full press release

Aviva Strengthens Retail Insurance Business with Acquisition of Barclays Home Insurance Portfolio

(IN BRIEF) Aviva, the leading home insurer in the UK, has entered into an agreement with Barclays UK to acquire its home insurance portfolio, which consists of 350,000 customers. The acquisition will support Aviva’s growth in the retail insurance business … Read the full press release

Lagardère Travel Retail and Inflyter Revolutionize Duty-Free Shopping with Expanded Digital Partnership

(IN BRIEF) Lagardère Travel Retail and Inflyter have announced an expanded partnership to revolutionize the Duty-Free shopping experience. The collaboration aims to digitalize the shopping process for travelers, allowing them to browse and purchase items before their journey begins. The … Read the full press release

Global Design Competition by Bentley Motors and Dezeen Sets Stage for Sustainable Luxury Retail

(IN BRIEF) Bentley Motors and Dezeen have teamed up to launch a global design competition called ‘The Future of Luxury Retail’. The competition invites architects and designers to explore innovative ideas and experiences that will shape the luxury retail industry … Read the full press release

Zumtobel’s SCENO Luminaire Triumphs at IF Design Awards 2023 in Retail Lighting Category

(IN BRIEF) Zumtobel’s SCENO luminaire has been awarded the prestigious IF Design Award 2023 in the Retail Luminaire/Spotlight and Track category. The discreet design of SCENO, along with its exceptional lighting capabilities, caught the attention of the jury comprising 132 … Read the full press release

Accenture strengthens retail and consumer electronics offerings with Einr acquisition

(IN BRIEF) Accenture has announced its agreement to acquire Einr, a Norwegian business consulting company specialized in high volume logistics solutions using SAP technologies to optimize the flow of products from manufacturers to consumers. The acquisition will enhance Accenture’s SAP … Read the full press release

Turquoise Europe™ introduces Turquoise Retail Max™ for best execution of pan-European securities

(IN BRIEF) LSEG (London Stock Exchange Group) has launched a new trading service, Turquoise Retail Max™, to support European retail brokers in meeting their best execution obligations and deliver price improvement for end retail investors when trading pan-European securities. Turquoise … Read the full press release

Retail Week Awards 2023 : Gérant de coopérative parmi les finalistes dans la catégorie “Store Hero”

(ACTUALITÉ EN BREF) Roan Irving, le gérant du magasin Co-op’s McDonald Road à Édimbourg, a été nommé finaliste dans la catégorie “Store Hero” des Retail Week Awards 2023. Roan, qui travaille chez Co-op depuis 15 ans, est connu pour ses … Read the full press release

Retail Week Awards 2023: Co-op manager among finalists in “Store Hero” category

(IN BRIEF) Roan Irving, the store manager at Co-op’s McDonald Road in Edinburgh, has been named a finalist in the “Store Hero” category of the Retail Week Awards 2023. Roan, who has been with Co-op for 15 years, is known … Read the full press release

EBRD’s first investment in Turkish non-food retail sector: $59 million in DeFacto

(PRESS RELEASE) LONDON, 20-Jan-2023 — /EuropaWire/ — The European Bank for Reconstruction and Development (EBRD), a multilateral developmental investment bank, has made a significant move in the Turkish retail market, purchasing a minority equity stake in DeFacto, a global clothing retailer … Read the full press release

Credit Suisse, Fuhrer & Hotz Study Finds Staffing Issues Persist in Swiss Retail Industry

(PRESS RELEASE) ZÜRICH, 4-Jan-2023 — /EuropaWire/ — Credit Suisse Group AG, a global wealth manager, investment bank and financial services firm, has announced that, according to a study published by the bank together with consulting firm Fuhrer & Hotz, the … Read the full press release

Casino Group announces streamlined corporate structure for French food retail operations

(PRESS RELEASE) PARIS, 4-Jan-2023 — /EuropaWire/ — Casino Group (EPA: CO), a French retail company, has announced that it will be reorganizing its food retailing activities in France. As part of this process, the group has created a joint holding … Read the full press release

Crédit Agricole Assurances to offer non-life insurance products through the distribution network of Banco BPM, the third largest retail and corporate banking conglomerate in Italy

(PRESS RELEASE) MONTROUGE, 23-Dec-2022 — /EuropaWire/ — Credit Agricole Group (EPA: ACA), the world’s largest cooperative financial institution and France’s 2nd largest bank, has announced that its subsidiary Crédit Agricole Assurances (CAA) will establish a long-term bancassurance partnership with Banco … Read the full press release

ING to bring together the leadership roles of all of its Retail Banking markets

ING Repurchases Nearly 1.7 Million Shares, Demonstrating Progress in Buyback Initiative

(PRESS RELEASE) AMSTERDAM, 15-Dec-2022 — /EuropaWire/ — ING (AMS: INGA), a global financial institution of Dutch origin, has announced organizational changes at its Management Board Banking in order to bring together the leadership roles of all of its Retail Banking … Read the full press release

ING, um die Führungsrollen aller ihrer Retail-Banking-Märkte zusammenzuführen

ING Repurchases Nearly 1.7 Million Shares, Demonstrating Progress in Buyback Initiative

(PRESSEMITTEILUNG) AMSTERDAM, 15-Dec-2022 — /EuropaWire/ — ING (AMS: INGA), ein weltweit tätiges Finanzinstitut niederländischer Herkunft, hat organisatorische Änderungen im Management Board Banking angekündigt, um die Führungsrollen des gesamten Einzelhandels zusammenzuführen Bankenmärkte. Die Änderungen sollen die Führungsstruktur der Bank weiter vereinfachen … Read the full press release

Ireland’s leading roadside retailer Applegreen will now offer M&S Food across Ireland

(PRESS RELEASE) LONDON, 5-Oct-2022 — /EuropaWire/ — Marks and Spencer Group plc (LON: MKS), a major British multinational retailer, has announced that M&S Food products will be made available to more locations across Ireland thanks to a new exclusive partnership … Read the full press release

CapMan to lower temperature one degree across retail and office buildings during the heating season as part of a new energy savings initiative

(PRESS RELEASE) HELSINKI, 5-Oct-2022 — /EuropaWire/ — CapMan, a leading Nordic private asset expert listed on the Nasdaq Helsinki, has announced the firm will lower down by one degree the temperature across its retail and office buildings during the heating … Read the full press release

Tile specialist Keramundo, part of Stark Group, named Germany’s Best Retailer in its category based on 140,000 customer ratings survey

(PRESS RELEASE) FREDERIKSBERG, Denmark, 8-Sep-2022 — /EuropaWire/ — Stark Group, one of the largest retailers and distributors of building materials across Northern Europe, has announced that its subsidiary in Germany the tile specialist Keramundo has been named Germany’s Best Retailer … Read the full press release