All articles by Hemanth Kumar

Hemanth Kumar

Top ten retail companies in 2020

The COVID-19 pandemic has hit hard the retailers who have a less online presence, as evident from the sales of some of the world’s top retailers in 2020.

ICA Maxi store in Sweden launches sale of onsite-grown produce

ICA Maxi Högskolan, which is one of the ICA Gruppen cooperative’s 1,300 stores in Sweden, has launched its own line of green produce that are are grown beside the store in a shipping container specially configured by vertical farming start-up Freight Farms.

Woolworths to invest $20m in Townsville operations

Australian supermarket chain Woolworths is planning to enhance its store network and distribution centre in Townsville, Queensland, during the next 18 months with a $20m investment.

Casino Group to sell 26 stores to Fortress Investment Group

French supermarket retailer Casino Group has reached an agreement to sell 26 hypermarkets and supermarkets properties worth €501m ($569.65m) to funds managed by Fortress Investment Group.

US retailer Gymboree considers reducing store count by more than half

US-based children’s apparel retail chain Gymboree Group, which emerged from bankruptcy in September last year, is reportedly considering  the closure of more than 50% of its 900 stores.

Walmart and invest $500m in Chinese online delivery firm

Supermarket retail major Walmart and e-commerce platform have invested $500m in Chinese online grocery delivery firm Dada-JD Daojia in a latest financing round.

Irish family agrees to acquire UK discount retailer Poundworld

An Irish retail family, the Hendersons, has reached an agreement in principle to acquire collapsed British discount retailer Poundworld.

Mattress retailer Casper to expand footprint across North America

US-based online sleep products retailer Casper is reportedly planning to open 200 stores across North America over the next three years.

Remitly launches money transfer service in 250 Grupo Exito stores

US-based independent digital remittance company Remitly has partnered with B2B electronic domestic and cross-border processing and payment platform TransNetwork to add its money transfer service in 250 Grupo Exito retail stores in Colombia.

M&D Distributors selects Mi9 e-Commerce to increase digital presence

Omnichannel retail solution provider Mi9 Retail has announced that diesel-engine components and services provider M&D Distributors has selected its Mi9 e-Commerce solution to run its digital business.