Hello, dear reader,
E-commerce is taking consumers by storm. In the US, Amazon is gaining momentum and enjoys a growing market value. In Britain, online fashion chains Boohoo and Asos are becoming a thorn in the side of established giants Zara and H&M. Read some insightful articles about 'the revolution in retail' and have a relaxing weekend.
USA & Latin America
Seven & I Holdings is about to increase its footprint in the US. The Tokyo-based owner of convenience store chain 7-Eleven has agreed to purchase more than thousand gas stations and shops from Texas-based petrol company Sunoco for US$ 3.3 billion.
More market share for GPA
Brazilian food retailer Grupo Pão de Açúcar wants to launch 28 new Assaí stores this year, which will double its share of the cash-and-carry market in the country. Some units will be built from scratch and a number of hypermarkets will be transformed to C&C formats.
Divided Unilever stands
The Anglo-Dutch consumer goods giant is getting serious about its major restructuring in the wake of the Kraft bid. The company is selling its margarine business, which is expected to bring in up to US$ 8.5 billion, and will also speed up cost savings and lift dividends to appease shareholders.
Catalogue retailer Argos, owned by Sainsbury's, has revealed plans to launch its own-brand product ranges as its pushes into the homeware market +++ The Co-op Group has reported a pre-tax loss of GBP 132 million for 2016 after declaring that its stake in Co-operative Bank is worth nothing.
Growth potential in Spain
Pushing outside its home market, South Africa's Bid Corporation has bought a majority stake in Spanish foodservice group Guzmán Gastronomia and Cuttings, which supplies hotels, restaurants, industrial caterers and others institutions throughout the country.
Samsung bounces back
The South Korean tech major seems to have recovered from the Galaxy Note 7 disaster and projected a nearly 50% rise in its quarterly profit thanks to solid component sales. Analysts expect Samsung to post revenue of US$ 43.6 billion.
E-commerce company JD.com plans to build 150 airports for unmanned aerial vehicle delivery in the Sichuan Province in a bid to cut the freight costs by 70%. Meanwhile, Amazon China wants to upgrade its cross-border commerce services by launching a Japanese site.
Fast faster fashion
British online retailers Asos and Boohoo are able to have clothing ready for shoppers quicker than Zara and H&M. The social-media savvy brands are already enjoying the rewards and leave the established fast-fashion icons in the dust, says Quartz.
The online grocery market in India is set for big action this year, according to analysts. The delivery industry alone is estimated to be worth around US$ 600 million in the country. E-commerce has witnessed the entry of many players and some of them are determined to gain their share.