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Amazon's highly anticipated entrance into the German grocery market is here at last. French retail major Monoprix is set to open a no-cash store. Spar International has ambitious expansion ideas in Ukraine, and US heavyweight Walmart wants to be the first to get an anti-corruption certification. Get informed about the latest news in our industry and feel free to share.
The French retail chain will trial a cashless store, called Monop'Go, located close to its headquarter in Clichy. Similar to the Amazon Go concept, customers will be required to use an application on their smartphone to record the purchase of each item in their basket.
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The Dutch multinational retail chain and business conglomerate VolWest Group have revealed plans to open 50 stores in Ukraine over the next three years. The announcement came at the official opening of the first Spar store in Rivne, Western Ukraine.
Despite a boost from its new Argos division, the British retailer has reported a third straight year of profit decline. Here is what the analysts say. Sainsbury's is also considering expanding its convenience store chain by offering franchise deals to independent retailers.
Walmart wants certification
The US retail major is considering getting certified under a new compliance programme, developed by the International Organization for Standardization. It aims to help companies defend themselves against corruption. Walmart hopes to be the first US company to get the stamp.
Kraft Heinz under pressure
The US multinational is struggling to reignite sales in the absence of a deal. First quarter revenue dropped to US$ 6.36 billion and earnings fell short of estimates. Like many packaged food makers, Kraft Heinz is grappling with American consumers' sustained move toward natural, organic foods.
Asia & Australia
Alibaba partners with Argentine
The Chinese online retailer and the Argentine government have signed an agreement to develop new trade opportunities to meet rising demand for imported goods in China. The two partners will support merchants’ marketing to Chinese consumers through Alibaba’s e-commerce platforms.
Uniqlo extends collection service
Fast Retailing makes it more convenient for Koreans to shop online. Starting in July, online purchases from Japanese fashion brand Uniqlo can be collected at 7-Eleven stores across South Korea. The Uniqlo 7-Eleven pick-up service has already been launched in Japan and Taiwan.
Unsurprisingly, consumers enjoy shopping in stores, but the experience has to meet their expectations. Long lines are one of the biggest turnoffs, according to a new study. Store employees (paywall), on the other hand, struggle to access necessary information, despite retailer efforts.