E-commerce powerhouse Amazon pushes ahead with its international expansion. Competitor Walmart prepares for the upcoming Chinese e-commerce festival. Spain's El Corte Inglés is about to create an extensive convenience store network, and Toys 'R' Us steps up its digital game. Get informed and feel free to share.




Wednesday, 26 July 2017





Hello, dear reader,

E-commerce powerhouse Amazon pushes ahead with its international expansion. Competitor Walmart prepares for the upcoming Chinese e-commerce festival. Spain's El Corte Inglés is about to create an extensive convenience store network, and Toys 'R' Us steps up its digital game. Get informed and feel free to share.

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Asia


Entering Southeast Asia ▪ Amazon is reportedly set to launch its services in Singapore, which will be the online juggernaut's first foray in Southeast Asia. The launch will see the company's regular e-commerce services become available to the country state's population of over five million people.



Festive preparations ▪ In collaboration with partner JD.com, Walmart is ramping up its efforts for the upcoming Chinese e-commerce festival on August 8. Over in India, the big-box retailer has appointed Devendra Chawla as its Chief Operating Officer. Walmart operates 21 cash & carry stores in the country.



Overseas options ▪ Japan's second largest convenience store chain, Familymart, is considering partnerships with China's Citic Ltd and Thailand's Charoen Pokphand Group. The companies are looking at a range of opportunities beyond convenience stores.




Europe


Forecourt ambitions ▪ With the aim to create Spain's largest convenience store network, retailer El Corte Inglés and petrol station operator Repsol have signed a strategic agreement, which will further expand the Supercor Stop&Go minimarket brand and boost the retailer's forecourt presence. But will it deliver? asks LZ Retailytics.



Commitment to Britain ▪ Amazon has announced 450 new research and development jobs as the company is about to open its new head office in London. The online giant wants to take its UK workforce to 24,000 this year and has pumped more than GBP 6.4 billion into its British operations since 2010.



Reporting results ▪ Russian retailer Magnit has posted a 6.4% increase in revenue to EUR 7.96 billion in the first half of its financial year. X5 Retail and Lenta have reported their Q2 results. Meanwhile, Swiss chocolate maker Lindt & Sprüngli has lowered its forecast due to a 'tough' first half.




USA & Canada


Boosting digital ▪ Toys 'R' Us is pulling out all stops to engage its in-store shoppers. The toy retailer describes its new concept store in British Columbia as “the evolution of our digital future". The company is partnering with Cineplex Digital Media, adding an in-store signage and kiosk network.



Consolidation ahead ▪ Fashion house Michael Kors has agreed to buy UK shoe brand Jimmy Choo for US$ 1.2 billion, marking the latest sign of consolidation in the luxury sector. Meanwhile, an activist investor urged Barnes & Noble to sell itself, claiming that the bookstore chain's "robust cash flow" would make it highly attractive.



Expanding food service ▪ Supervalu plans to roll out an expanded meal solutions offering that will run through multiple store departments and include meal kits, heat-and-serve and grab-and-go offerings. The retailer's wholesale revenue grew by double digits in the fiscal first quarter. Sales were up 6.3% to US$ 4 billion.




Unusual and remarkable


Defining domestic bliss ▪ Alongside the Bible, the Koran, and Harry Potter, Ikea's highly anticipated catalogue ranks as one of the world’s most-distributed books. It serves as a product showcase, delivers Ikea’s vision of creating a “better everyday life for the many people” and appeals to different cultures.



Burgers and birds ▪ Successful shopping malls need attractions beyond an interesting store line-up. Britain's new Rushden Lakes Centre, for example, is the country’s first shopping precinct to offer bird watching, while mall operator Westfield is implementing a set of top-notch hospitality services in the US.