July 25, 2017

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Majid Al Futtaim bags Geant

Majid Al Futtaim, a leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, recently acquired Retail Arabia, the franchise owner of 26 Geant stores across the UAE, Bahrain and Kuwait as well as 4 Gulfmart supermarkets in Bahrain. The deal has been agreed between Majid Al Futtaim and Retail Arabia’s parent company BMA International. As part of the Majid Al Futtaim retail offering, Carrefour currently operates over 160 stores in 15 markets across the MENA region. Read full story

by Stuart Wilson, Monday 17 July 2017

Dominion buys The Phone House

Retail giant Dixons Carphone has agreed to dispose of its entire holdings in The Phone House Spain, Connected World Services Europe and Smarthouse to Global Dominion Access SA, a provider of technological services and solutions, headquartered in Bilbao, Spain. Dominion will integrate Phone House into its smart innovation business and look to deliver a range of services to consumers related to smart homes. Read full story

by Stuart Wilson, Monday 17 July 2017

Amazon completes Souq.com acquisition

E-commerce giant Amazon has confirmed the official completion of the acquisition of Souq.com. As the first step of integration, customers can now log on to Souq.com using their Amazon credentials. Souq.com claims that by becoming part of Amazon it can bring even more products and services to customers in the region and further expand ‘Fulfilled by Souq’ to empower sellers. "It is an exhilarating time for the e-commerce industry in the region,” said Souq.com CEO and co-founder Ronaldo Mouchawar. Read full story

by Stuart Wilson, Monday 3 July 2017

DISTREE APAC launches second annual Asia-Pacific Consumer Tech Channel Survey

DISTREE (Asia Pacific) APAC has started collecting responses for its 2017 regional consumer tech channel survey. Reaching out to thousands of senior executives from consumer tech distributors, retailers and e-tailers across the region, the survey explores sales performance, business confidence, financial trends and attitudes towards product categories. Read full story

by Stuart Wilson, Wednesday 28 June 2017

Harvey Norman expands in East Malaysia

Asia Pacific tech retailer Harvey Norman is expanding in East Malaysia, opening an anchor store at the Vivacity Megamall in Kuching. Harvey Norman becomes the fourth anchor tenant in the mall and its new outlet will span almost 47000 square feet. The move to open a store in East Malaysia forms part of the retailer’s omnichannel strategy. Harvey Norman Malaysia has been handling more than 10000 online transactions from customers in East Malaysia, even though the company did not have a physical retail presence in the region. Read full story

by Stuart Wilson, Tuesday 27 June 2017

Courts names new CEO in Indonesia

Singapore-based tech retailer Courts has appointed a new boss for its operation in Indonesia. Joseph Greenway has been named as the new country CEO. Greenway rejoins Courts after two years as COO of Fantastic Furniture in Australia. Prior to that, Greenway spent 15 years at Courts in a variety of executive roles in Singapore and Malaysia. The appointment comes after Roy Santoso resigned from his role as Indonesia country CEO at Courts to pursue other career opportunities. Read full story

by Stuart Wilson, Monday 26 June 2017

Challenger touts Hachi.tech potential

Singapore-based tech retailer Challenger is optimistic on the growth potential for its online tech marketplace, Hachi.tech. The platform has made solid progress in its first year and the company is looking to expand the range of products available, improve the user experience and offer faster fulfilment options. Challenger also opened the doors to its much-awaited new flagship store in Singapore on May 1st. Read full story

by Stuart Wilson, Thursday 22 June 2017

Major technology brands and distributors confirmed as exhibitors at DISTREE Russia 2017

DISTREE Russia’s return to Moscow in 2017 has driven increased interest from major technology brands and distributors for exhibition space at this year’s event. The country’s leading technology channel event will once again offer technology suppliers access to Russia leading retailers, e-tailers and resellers in one place at one time. DISTREE Russia will take place at Hotel Yahonty in Moscow on the 21-23rd June 2017. Read full story

by Stuart Wilson, Tuesday 6 June 2017

Safmar Group reshapes Russian consumer tech retail

The Russian retail channel has undergone significant consolidation in recent months. Safmar Group announced the completion of its acquisition of 100% of the investment company previously owned by Alexander Tynkovan and his partners, which, in turn, owned 57.7% of M.video, at the end of April. Safmar Retail will now become the management company for retail chains M.video and Eldorado, as well as a new online marketplace project called goods.ru. Read full story

by Stuart Wilson, Tuesday 30 May 2017

GameSeek picks Mirakl for marketplace push

Online marketplace management platform provider Mirakl has announced that UK online store, GameSeek, has chosen its business-to-consumer (B2C) marketplace platform. The new platform is part of GameSeek’s aim to build the biggest and best consumer marketplace for gaming, electronics, books, clothing, toys and gadgets. Read full story

by Stuart Wilson, Monday 22 May 2017

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