Showing there’s strength in numbers, a group of retailers are teaming up to boost their buying power. Retail Trade Group has already started operation. And in a different type of buying power, Amazon is saying no card no problem, as the online giant gets into cash. Enjoy the read and if you like it, please share.
Retailers including Netto Stavenhagen, Real (Metro Group) and Bünting Gruppe have joined forces to combine their buying weight. The new procurement collaboration, RTG Retail Trade Group, aims to match the major German chains, exploiting synergies and increased scale.
Tesco Booker roadbump
The landmark merger is coming under more pressure. Tesco is facing the prospect of giving up hundreds of its convenience stores to satisfy rivals and the Competition and Markets Authority that the playing field remains level.
Amazon cashes up
Shopping without credit or debit cards just got easier, with the online juggernaut launching Amazon Cash. The scheme allows customers to add cash to their account via the brick-and-mortar stores. The retailer is also quietly testing a social media influencer programme, to generate sales through brand association.
Target deploys RFID
The discounter is partnering with Avery Dennison to optimise its inventory management. The partnership will see the technology rolled out across more than 1,600 of its stores which it hopes deliver a better shopper experience.
Lowe’s rolls with VR
The home improvement giant is expanding its virtual ‘how-to’ classes (subscription only) following the success of its pilot programme launched last month. Shoppers can use the VR headset and controller to practice specific DIY projects step-by-step.
Dollar General acquisition
The retailer is set to acquire 323 small discount stores from its long-time rival Family Dollar. The acquisition is the latest chapter on the ongoing battle between the two players.
Asia & Australia
Ele.me looks overseas
The major online food delivery platform in China plans to invest overseas, once it cements its foothold back home. The company says it would consider expansion after it has reached a 20% penetration in mainland China.
Coles supports locals
The supermarket giant has sealed a A$ 60 million-deal with Victoria-based manufacturer Maxitrans Industries. The agreement will see 395 Australia-made truck trailers added to the fleet, and will create more than 100 new jobs.
US retail sector upbeat
After some tough times, fresh analysis of the industry is remarkably optimistic, despite the recent spate of closures and Chapter 11 filings. Overall the sector remains strong, with small companies in particular benefitting from solid growth.
Retailers slow to adapt
Another study has found that while execs know the industry is facing unprecedented and fundamental change, they aren’t taking steps to deal with it. The report identifies a dangerous “action gap”.