Despite the continuous threat and rise of e-commerce, physical stores are far from being on the way out and innovative concepts are always a drawcard. Have a look at some inspiring ideas in our 'picture gallery' and be also informed about the latest news - online and offline.




Friday, 21 July 2017





Hello, dear reader

Despite the continuous threat and rise of e-commerce, physical stores are far from being on the way out and innovative concepts are always a drawcard. Have a look at some inspiring ideas in our 'picture gallery' and be also informed about the latest news - online and offline.

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USA & Canada


Dealing with Amazon ▪ Sears has announced that its appliance brand Kenmore is now available on Amazon. While this decision sends the struggling retailers shares up, competitors like Home Depots and Lowe's were hit hard. Critics argue that Sears is giving shoppers even fewer reasons to go to its stores with this decision.



Embracing technology ▪ Office supply giant Staples is making a bold move to modernise its supply chain by adding a robotic solution across its fulfilment centres. Meanwhile, upscale retailer Nordstrom has partnered with Snapchat to give its annual Anniversary Sale a digital spin.



Reporting results ▪ Ebay's shares were down although the online marketplace posted a revenue of US$ 2.31 billion in Q2, which was in line with expectations. Tech giant Microsoft announced better-than-expected quarterly numbers with a revenue of US$ 24.7 billion.




Europe


Unilever makes progress ▪ Following Kraft Heinz’s failed takeover, the Anglo-Dutch consumer goods giant is sharpening its focus on profitability and has posted robust first-half results, indicating a turnover increase by 5.5%. Unilever sees itself on track for a cost savings target of EUR 6 billion by 2020.



Carrefour acquires Bringo ▪ The Romanian unit of the French retailer has become the major shareholder of Bringo, an online platform organising home delivery by courier. Shoppers can submit an online order and have it delivered to their home. Payment is made on delivery. The service is limited to Bucharest.



Boost for Netto ▪ Dansk Supermarked is to open 40 new Danish Netto discount stores in the coming months with an overhauled store concept, featuring larger fruit & vegetable sections, wider dedicated convenience food departments and more open fresh meat sections. LZ Retailytics describes the fresh start.




Asia & Australia


Lenovo bets on AI ▪ The Chinese computer giant is upping its ante on artificial intelligence, earmarking at least US$ 1.2 billion to ramp up research and development on the technology as it predicts drastic changes to personal computers and consumer electronic devices over the next three to four years.



Central Group rebrands ▪ Celebrating its 70th anniversary, the Bangkok-based retailer is set to invest US$ 10.4 million in overhauling its local department stores, turning them into places "where people spend their daily life". The money will be used to add 'lifestyle' facilities to existing outlets.



Trouble at Myer ▪ The Australian department store chain has downgraded its profit forecast. Its deputy CEO Daniel Bracken is leaving the company, amid a collapse in negotiations with floundering Topshop. Nevertheless, the company will stick to its turnaround plan, including chasing wanted brands.




Picture gallery


Sweet temptations ▪ Italian chocolate maker Ferrero has opened its Nutella Café in Chicago, serving a number of products with the nut nougat cream as an ingredient. Also, check out Tokyo dessert store Glace et Chocolat which has an interior with stacked-soil walls that look like layers of cake.



Meeting customer's needs ▪ Russian retailer Lenta scores with remarkable growth figures - second-quarter sales up 16.3% to US$ 1.45 billion - and impresses with an innovative self-service department store in Moscow, where the focus is on strong customer loyalty and cost efficiency. Here are some images.