The long arm of e-commerce is evident with the record sale of Global Logistic Properties as online retailers make warehousing a high-demand commodity. And while there is speculation that Amazon is upping the stakes yet again, Walmart is marching to its own tune and reaping the rewards. Enjoy the read and feel free to share.




Monday, 17 July 2017





Greetings!

The long arm of e-commerce is evident with the record sale of Global Logistic Properties as online retailers make warehousing a high-demand commodity. And while there is speculation that Amazon is upping the stakes yet again, Walmart is marching to its own tune and reaping the rewards. Enjoy the read and feel free to share.

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Australasia


Warehouse megadeal ▪ A Chinese consortium has bought warehouse operator Global Logistic Properties for US$ 11.6 billion, the largest deal of its kind in Asia. The premium paid reflects the booming demand for warehouse space thanks to e-commerce giants like Alibaba and JD.com.



Australian milestones ▪ By July next year the two largest supermarkets in the country, Coles and Woolworths, will have phased out single-use plastic bags nationwide. Meanwhile, Ebay-owned Gumtree is celebrating its 10th birthday with a refresh of its brand and search function as it eyes up the second-hand car market.



Fashion fallout ▪ Apparel giant Topshop’s floundering Australian operation has seen half its stores close as administrators restructure the retailer. Department store chain David Jones’ sales have fallen for the year, with the company blaming the decline on Australia’s weak consumer confidence.




USA & Canada


Walmart on a roll ▪ The big-box retailer has been upgraded to ‘buy’ by Goldman Sachs, with the investment bank saying it is well-positioned to sidestep the Amazon effect. The company has poured a lot of money into its online capabilities over the past couple of years, recently unveiling new tools as it gears up for the second-busiest time of the year, back-to-school season.



Amazon speculation ▪ Industry commentators think the tech giant might be upping the stakes once again with a messaging app called ‘Anytime’. While the e-commerce heavyweight has not confirmed anything, insiders say the idea is not that far-fetched.



Big spenders ▪ Employees of struggling retailer Sears are up in arms over its Canadian business doling out millions in bonuses to keep execs and key staff on board. US fashion house Michael Kors has joined the bidding fray for British luxury footwear retailer Jimmy Choo – thought to be worth around GBP 800 million.




Europe


Expansion deal ▪ Britain’s largest mobile operator, EE, is expanding its retail presence under a deal with Argos and Sainsbury’s. The agreement will see the phone giant in another 100 new locations bringing its total footprint to 700 stores.



Change of pace for Netherlands ▪ The Dutch Spar division has launched a new online platform and a same-day delivery service for its customers. As LZ Retailytics notes, the move is significant in that same-day delivery is a new concept in the Dutch retail landscape.



Origin matters ▪ Tesco is joining the ranks of major international brands to commit to Greenpeace’s Detox campaign, removing potentially hazardous chemicals from the supply chain of its clothing range. A study has found that one in three products sold under a private label in France is of French origin, with Intermarché leading the way.




What to watch


Proceed with caution ▪ Discounts have done little to lift American shoppers’ spirits with latest sentiment figures sitting at their lowest since October. Despite an upbeat outlook of job gains, wage growth and low interest rates, consumers remain careful with their spending.



Adidas at Venice beach ▪ The sportswear giant celebrates Californian style with an innovative store format. The outlet combines classic lines with new ones and will also house events and installations on a regular basis in order to create community among streetwear lovers and connect with local culture enthusiasts. Here are some images.