Amazon looks below the surface for off-centre storage solutions and its new vineyard venture is on the tip of everyone’s tongue, while two home shopping channels join forces to compete. Across the Atlantic, Intermarché is set to build a European DIY network. Enjoy the read and have a relaxing weekend.




Friday, 07 July 2017





Hello subscribers,

Amazon looks below the surface for off-centre storage solutions and its new vineyard venture is on the tip of everyone’s tongue, while two home shopping channels join forces to compete. Across the Atlantic, Intermarché is set to build a European DIY network. Enjoy the read and have a relaxing weekend.

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Europe


Ambitious DIY plans ▪ France’s Les Mousquetaires Intermarché has begun talks to take over French and Spanish Bricorama stores, a deal not short of challenges. LZ Retailytics thinks this could be a master stroke, allowing the group to expand in the fast-growing DIY segment at European level.



Triumph closes in Britain ▪ A new strategy sees the Swiss lingerie retailer turning off the lights, closing all UK stores in an attempt to increase profits and introduce a new retail format, before relaunching in areas with higher foot-traffic.



Surging sales ▪ Budget fashion chain Primark is brightening up the UK clothing industry, reporting a surge in sales thanks in part to the big craze of summer - inflatable flamingos. Meanwhile, Italy’s Selex group enjoyed a 1.6% first quarter growth in sales, strengthening its position as the third-largest grocery retailer in the country.




USA


Rival deals ▪ As e-commerce tightens its grip, two American home shopping giants join forces to face the challenge. Pennsylvania-based television company QVC is acquiring the remaining stake of its biggest competitor in the sector, the Home Shopping Network, for US$ 2.1 billion. Both have been dealing with sluggish sales.



Falling behind ▪ Also with the rise of online shopping comes the fall of traditional retail, including big names like Macy’s and Sears. Take a look at which retailers are closing in 2017. Premium denim retailer True Religion is among the casualties and has filed for bankruptcy protection.



Venture into new fields ▪ Finally, the nemesis of the above is relentlessly exploring new avenues. Amazon’s latest project will see it raising a few glasses as it delves into winemaking. It seems a world away from the company's new event series that will train developers for its voice-controlled speaker Alexa.




Asia and Australia


Samsung gets ready ▪ The world’s largest phone and memory chip maker breaks records with its best-ever operating profit of US$12 billion in three months. As it basks in its success, the South Korean company reportedly prepares to take on Amazon’s Echo smart speaker device with its own technology.



Woolworths stands its ground ▪ The Australian supermarket chain jumps ahead of competitor Coles for the first time in five years. It comes as it confirms it will not be stocking the latest Coca-Cola No Sugar product as Coke Zero still proves to be a popular choice among its customers.




What to watch


Amazon takes the plunge ▪ If you thought wine was out of left-field, how about underwater storage? To increase its warehousing options, Amazon has registered a patent for underwater storage in pools, reservoirs and lakes. With an inflatable bladder system to bring the products back.



Sainsbury’s in hot water ▪ Protesters have taken to the streets to voice their concerns as the supermarket giant drops its Fairtrade labelling to launch its own ethical tea brand. The retailer also faces questions from shareholders about this issue.