The runaway train that is Amazon is ramping up its efforts in the fashion industry by offering a special kind of dressing room. Discounter Target reveals a re-imagined store concept, and embattled Brazilian meatpacker JBS has put Irish poultry giant Moy Pak up for sale. Get informed and feel free to share.




Wednesday, 21 June 2017





Hello, dear reader,

The runaway train that is Amazon is ramping up its efforts in the fashion industry by offering a special kind of dressing room. Discounter Target reveals a re-imagined store concept, and embattled Brazilian meatpacker JBS has put Irish poultry giant Moy Pak up for sale. Get informed and feel free to share.




USA & Latin America


Crushing department stores ▪ Dressing rooms have been a competitive advantage for traditional department stores, but now Amazon has launched a new service called Prime Wardrobe that lets customers try on clothing before buying it. This might be yet another nail in the coffin for bricks-and-mortar stores.



Target's top-to-bottom overhaul ▪ The second-largest discount retailer in the US has unveiled eight remodelled stores in Texas as part of the company's US$ 220 million renovation project. Each outlet has been equipped with customised design as well as a super-fast checkout. Click here to have a look.



JBS offers asset sales ▪ Following a lengthy corruption settlement, the Brazilian meat giant is considering putting Moy Park up for sale, one of Europe's top poultry producers, which was bought by JBS in 2015 for US$ 1.5 billion. The beleaguered company also wants to sell some dairy and cattle feeding units in the US.




Europe


Shopping sprees ▪ Swiss food giant Nestlé is improving its health profile by acquiring a minority stake in Freshly, an American provider of prepared meals. Meanwhile, consumer goods company Unilever and Austria's Signa Retail Group have added some luxury brands to their portfolios. The former bought into cosmetics brand Hourglass, the latter into online fashion mall Mybestbrands.



Rewe extends e-commerce ▪ The Cologne-based retail group is expanding its online supermarket in Germany with partners, focused on the kitchen and household category. The move is obviously motivated by nemesis Amazon, but also by omnipresent discounter Lidl, writes LZ Retailytics.


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Management reshuffle ▪ In a bid to increase its competitiveness, German supermarket group Edeka has announced several changes to its management structure. As part of this, CEO Markus Mosa will directly oversee the purchasing department. The Northern division of the retailer posted a full-year sales increase to EUR 2.9 billion.



Coop developments ▪ The departure of Fensmark Brugsforening, one of Coop Danmark’s largest cooperative associations, has put pressure on the Danish grocery leader to offer a better deal to its members. British grocer Co-op doesn't have these problems as its membership surged last year with 700,000 people signing in.




Africa


Shoprite goes upmarket ▪ As South Africa slides into recession, the Cape Town-based discount retailer is driving hard into the higher-margin niche dominated by rival Woolworths. Shoprite has upgraded its food technology and development facilities and plans to open 23 new outlets, mostly in wealthy suburbs.



Payment issues ▪ Cash-flow problems at troubled Kenyan retailer Nakumatt have deepened. The company had to delay payment to 1,555 employees this week. Workers at fellow supermarket chain Chandarana, on the other hand, will enjoy a 10% pay rise thanks to a collective bargaining agreement.




Unusual and remarkable


Tokyo without fish market ▪ The doors of the iconic Tsukiji fish market - the biggest in the world - will shut after more than 80 years. But maybe not for good. Tokyo Governor Yuriko Koike said that the world-famous site of early morning tuna auctions will be relocated to another area.



Blocking online shopping ▪ To prevent the popular practice of showrooming, Amazon has patented a tool to block online shopping inside physical stores. It allows retailers’ WiFi networks to intercept search queries for price comparisons and disable the request.