Money Buzz! Europa

Category: Retail

  • First eMAG showroom outside Romania, in Budapest

    First eMAG showroom outside Romania, in Budapest

    • eMAG opened the first showroom outside Romania, in Hungary.
    • eMAG Hungary targets sales of € 300 million by the end of 2020 and sales of € 1 billion over five years.

    Located in the center of Budapest, the showroom offers customers access to the latest products in the electro-IT field such as mobile phones, tablets, TVs, small appliances, but also personal care products, toys and accessories.

    Moreover, customers will be able to pick up orders placed online from the showroom.

    To diversify personal pick-up options, the company will install 100 easyboxes by next Black Friday, of which 50 will be operational by September.

    eMAG Hungarian team currently has 500 employees, and by the end of the year it will reach 550.

  • Retail sales in Poland, 7.7% lower than the year before

    Retail sales in Poland, 7.7% lower than the year before

    In May 2020 retail sales at constant prices were by 7.7% lower than the year before (against a growth of 5.6% in May 2019).

    Compared with April 2020 retail sales increased by 14.9%.

    In the period of January-May 2020 retail sales were by 6.2% lower (against a growth of 6.5% in 2019).

    In May this year compared with the previous month, a drop in retail sales value via internet was recorded (by 12.7%). The share of such sales (in current prices) decreased from 11.9% in April this year to 9.1% in May this year.

    A decline in the share of sales via Internet was reported by enterprises classified into the group “textiles, clothing, footwear“ (from 61.3% a month before to 26.8%) as well as by entities from groups “newspapers, books, other sale in specialized stores” (from 39.9% to 25.2% respectively) and “furniture, radio, TV and household appliances “ (from 28.6% to 15.6%).

  • 62 Kaufhof stores will be closed

    62 Kaufhof stores will be closed

    Heute writes that at least 62 Kaufhof stores will be closed. This means that 6.000 full-time jobs will be affected.

    It is not yet clear which branches are affected. Originally there was even talk that 80 of the 170 Kaufhof department stores would be closed.

    Galeria Karstadt Kaufhof is part of the Signa Group of Tyrolean investor René Benko. Benko is said to have kept the company afloat with 140 million as rents have been suspended. Negotiations were also held with banks for loans.

    However, no agreement was reached and a protective shield procedure was initiated at the beginning of April.

  • Tesco agrees sale of business in Poland to Salling Group A/S

    Tesco agrees sale of business in Poland to Salling Group A/S

    Tesco announces the sale of its business in Poland to Salling Group A/S. The transaction, which is subject to antitrust approval, includes the sale of 301 stores together with the associated distribution centres and head office.

    Total enterprise value agreed for the transaction is PLN 900m (equivalent to £181m), with total net proceeds expected to be approximately PLN 819m (equivalent to £165m), settled in cash, with completion expected in the current financial year.

    Over the past 18 months, Tesco has either sold or agreed to sell 22 stores for net proceeds of c.£200m.

    The group will continue to seek to realise value from the remaining assets, which include 19 currently trading stores not covered in this transaction.

    Salling Group A/S serves 11 million customers every week across Germany, Poland and Denmark, with 50,000 colleagues and an annual turnover of approximately GBP 7bn.

    Tesco Polska generated sales exc. VAT and PFS of £1,368m and an operating loss before exceptional items of £(24)m in the 2019/20 financial year.

    All 301 stores included in the transaction will be rebranded during an 18-month transition period.

  • Citycon, equity repayment of EUR 0.1250 per share will be distributed

    Citycon, equity repayment of EUR 0.1250 per share will be distributed

    The Board of Directors of Citycon Oyj has decided that an equity repayment of EUR 0.1250 per share will be distributed from the invested unrestricted equity fund of the company.

    The equity repayment will be paid to a shareholder registered in the company’s shareholders’ register maintained by Euroclear Finland Ltd on the record date of the repayment 22 June 2020.

    The equity repayment will be paid on 30 June 2020.Following the asset distribution on 30 June 2020, Citycon Oyj has distributed a total dividend and equity repayment of EUR 0.2875 per share during the year 2020.

    On 28 May 2020 it was announced that in 2020 the Board of Directors will use a maximum total amount of EUR 0.5375 per share from its total dividend and equity repayment authorization of EUR 0.65 per share from the Annual General Meeting 2020.

  • Special collection by LC Waikiki for Romanian Blouse Day

    Special collection by LC Waikiki for Romanian Blouse Day

    LC Waikiki designed a special family collection for June 24th Romanian Blouse Day.

    In the collection consisting of 13 pieces, puff print, which is a tapestry-like fluffy print type with ethnic patterns, was used.

    Ecru color dominates in this collection, which offers weaving and knitting options, and a colorful appearance was demonstrated with red and blue print tones. Natural looking fabrics called crinkle were used in weaving and knitting groups.

    The collection, which includes blouses, dresses and shirts for pregnant, girl / boy, girl / boy babies and girl / boy newborn product groups, is available in select LC Waikiki stores in Romania and Moldova.

  • LC Waikiki implements direct sales model on Instagram in Kenya

    LC Waikiki implements direct sales model on Instagram in Kenya

    LC Waikiki has developed its own Instagram direct sales model, which will be implemented for the first time in Kenya.

    With the new application it will be much easier to shop without going to the store. Trendy pieces of the season will be prepared as a digital catalogue and will be presented to the customers via LC Waikiki Kenya Instagram account.

    It is possible to place orders online between 09:00 and 18:00 every day of the week through Whatsapp Business Line, which is specially formed for the application that offers ease of shopping for customers.

    Orders arrive within 24 hours in Nairobi and within 48 hours outside Nairobi.

  • Carrefour opens a second BIO store in Warsaw, Poland

    Carrefour opens a second BIO store in Warsaw, Poland

    Carrefour Polska is developing the format of certified organic food stores. On June 16, just over half a year after Carrefour BIO’s debut on the Polish market, the chain opens another store in this concept.

    The new, expanded facility is located in Warsaw’s Bemowo at ul. Pełczyńskiego 5 and offers its clients approximately 2.600 products.

    In the Carrefour BIO store offer, almost 90% of the products are certified.

    There are also gluten-free, lactose-free, no added sugar, diet, vegan or vegetarian products.

    Thanks to the sales area of the store increased to 200 m2 at ul. Pełczyńskiego 5 in Warsaw

    Customers can also choose from 2.300 packed products, including 330 Carrefour BIO products, which is highly rated for excellent value for money.

  • Carrefour and Google launched the voice grocery shopping

    Carrefour and Google launched the voice grocery shopping

    Carrefour and Google launched in France a new voice-based e-commerce grocery shopping experience within the framework of their strategic partnership signed in June 2018.

    Carrefour is the first retailer in the world to offer its customers the new integrated voice shopping service on the Google Assistant.

    Based on a combination of advanced technologies, this innovative service simplifies and personalizes the grocery shopping experience.

    This integration enabled a triple innovation:

    • the Google Assistant allows the user to add items to their shopping list by voice using common words such as butter, milk and cheese. Because the Assistant is connected to Carrefour’s e-commerce inventory, it is then able to convert that list into a cart of products available for sale on carrefour.fr;
    • the conversion is customized, so the specific items added to the shopping cart by the Google Assistant reflect the user’s product preferences as closely as possible, while leaving the user free to delete, modify or add products as they wish;
    • once the shopping cart is confirmed on the Google Assistant, the customer moves seamlessly to Carrefour’s e-commerce site to finalize their order, confirm their slot and delivery method (drive, drive piéton or home delivery), pay and take advantage of their loyalty benefits.
  • Hard Rock Cafe to reopen restaurants in the US and Europe

    Hard Rock Cafe to reopen restaurants in the US and Europe

    Hard Rock announced plans to reopen company-owned locations in the United States and Europe, in compliance with recommendations from national and local health officials.

    Hard Rock Cafes have implemented “SAFE + SOUND”, a new program featuring stringent guidelines developed in collaboration with leading worldwide health and sanitization partners like ECOSURE and the National Sanitation Foundation (NSF).

    The “SAFE + SOUND” program implements the highest of level of safety, sanitation, food handling and employee training.

    As part of the new protocol, all guests and team members will be required to participate in a state-of-the-art, non-intrusive thermal temperature screening process before entering each Hard Rock Cafe location.

  • Vienna Naschmarkt flea market reopened

    Vienna Naschmarkt flea market reopened

    At approximately 7.000 m2 the flea market next to Naschmarkt reopened on June 13. Vendors can sell again art objects, second-hand household goods, literature and other antiques.

    In order to reopen the market office had to implement various safety measures.

    These include greater safety distances between the stands. Under normal conditions there are a total of 474 sales outlets at the flea market, with 222 market places for the old goods trade.

    Now, a maximum of 198 seats are currently available for vendors on the flea market area.

  • Bonami opens its first offline store and offers free 365 day returns

    Bonami opens its first offline store and offers free 365 day returns

    Bonami opened its first physical store in the shopping area of ​​Černý Most, in Prague. The space will change its assortment depending on the season and the ongoing online campaigns.

    In an area of ​​approximately 200 m2, there is a selection of accessories, lighting fixtures, as well as furniture, from brands such as: Bloomingville, Be Pure Home, PT LIVING, Karlsson or furniture from Karup, Actona, La Forma and Rowico.

    During the purchase, in order to simplify the ordering procedure, customers will have tablets available.

    By scanning the QR code of the selected product, they display all available information as well as related items.

    The store shares a common space with the Czech reseller of beds and mattresses, ProSpánek.

    Bonami plans to open other stores, both in the Czech Republic and in other markets where the company is present.

    Free return for one year

    In order to meet the needs of its customers, in a difficult period, Bonami implements a completely free return policy, for 365 days, to any product ordered, both small and oversized.