Changes are ahead for America's iconic chain Nordstrom and Canadian retailer Hudson's Bay, which has just opened the first European Saks flagship store in Germany. Amazon gets one step closer to securing a foot in India while its competitor Alibaba impresses with a monster revenue forecast. Get informed and have a relaxing weekend.




Friday, 09 June 2017





Hello, dear reader,

Changes are ahead for America's iconic chain Nordstrom and Canadian retailer Hudson's Bay, which has just opened the first European Saks flagship store in Germany. Amazon gets one step closer to securing a foot in India while its competitor Alibaba impresses with a monster revenue forecast. Get informed and have a relaxing weekend.




USA & Canada


Bold actions ▪ Shares have surged following the announcement that luxury chain Nordstrom is considering going private. Here is what an analyst says. In Canada, Hudson's Bay is in a major restructuring process, cutting 2,000 jobs across all of its banners, in a bid to position itself as the retailer of the future.



Online moves ▪ Office supply giant Target steps up its IT initiatives to shift towards the cloud and has named a new CIO, Pragati Mathur, to oversee this transition. Meanwhile, Amazon's lending programme has hit epic proportions, surpassing US$ 3 billion.



Publix expands delivery service ▪ Prompted by customer demand, the Florida-based retailer plans to roll out same-day delivery via Instacart to all of its stores across the Southeast of the US by 2020. The San Francisco-based delivery company began working with the grocer in 2016.




Asia & Australia


Alibaba gets stronger ▪ The Chinese e-commerce behemoth expects its revenue to grow at a much higher rate than analysts had forecast. The company said sales may increase by up to 49%, taking its market value to US$ 360 billion. The forecast illustrates the power of China's online culture.



India approves Amazon ▪ New Delhi is set to give the online mega retailer the green light to invest around US$ 500 million over the next five years to build a nationwide network. Amazon has so far had to act as an online marketplace for other companies rather than selling products directly to consumers.


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Developments Down Under ▪ Discount powerhouse Aldi will nearly double its presence in Western Australia and has revealed the locations of nine new stores in the region. Meanwhile, competitor Coles has admitted underpaying much of its workforce in cosy deals it struck with the union.




Europe


Kiwi becomes Netto ▪ Expanding its leadership in the discount channel, Dansk Supermarked has bought the leases of 81 Danish Kiwi stores from Dragofa. Half of them are going to be converted to Netto outlets, adding around EUR 210 million of sales to the discounter's annual turnover.



Targeting travellers ▪ Russia's X5 Retail Group has sealed a new partnership that will see it open retail centres at transport hubs across the country. The tie-up, with private equity fund Acmero Capital and investment firm Marathon Group, aims to open 600-1,000 outlets at bus and railway stations.



Entering Europe ▪ After the UK and Spain, Costco has opened its first store in Iceland a couple of weeks ago. This will be shortly followed by its anticipated debut in France. LZ Retailytics ponders about US member-based wholesale giant's odd step to shake up the Icelandic market. The opening attracted a huge crowd in Reykjavik.




Picture perfect


Aldi in Wisconsin ▪ The no-frills retailer spends a lot of dollars to remodel its stores in the US with innovative signage, a more contemporary design and more natural light. Some stores in the Wisconsin area have already been spruced up.Check out the images.



Saks in Düsseldorf ▪ While parent company Hudson's Bay streamlines in Canada, Saks Off 5th has entered the German market in style. The first European flagship store has opened in the prestigious Carsch Haus with a simplistic design and spacious layout. Have a look for yourself.