Unstoppable retail disruptor Amazon is seeking to partner in the US to get into the lucrative ticketing business. Across the Atlantic, British grocer Asda battles to cut costs and puts jobs at risk. On a lighter note, Lidl has confirmed a launch date for its fashion campaign with Heidi Klum. Have a relaxing weekend.




Friday, 11 August 2017





Hello, dear reader,

Unstoppable retail disruptor Amazon is seeking to partner in the US to get into the lucrative ticketing business. Across the Atlantic, British grocer Asda battles to cut costs and puts jobs at risk. On a lighter note, Lidl has confirmed a launch date for its fashion campaign with Heidi Klum. Have a relaxing weekend.




USA & Canada


Attacking lucrative markets ▪ While Amazon might be under fire again in Europe for just paying EUR 16.5 million tax on revenues of EUR 21.6 billion, the US online giant is reportedly in talks to offer event ticketing in the US, challenging market leader Ticketmaster. Access to tickets would be another means to lure members.



Department store's progress ▪ Nordstrom and Kohl's reported better-than-expected quarterly results, helped by increased traffic. Fellow retailer Macy's also appears to be making some headway in its turnaround efforts, but still reaffirmed its downbeat guidance. Nevertheless, this could mark a turnaround according to analysts.



Back to Broadway ▪ After a nearly two-year absence, Toys 'R' Us is returning to Times Square but not on a permanent basis. The retailer said it will open a temporary store, not far away from its flagship that it closed in 2015. The store will feature life-size toy displays and interactive elements.




Europe


Asda to axe jobs ▪ Thousands of workers at Britain's third largest supermarket chain are facing redundancy or a dramatic reduction in their working hours as Asda looks to cut costs. The retailer posted its worst annual figures since it was taken over by Walmart. The company has begun consultations in underperforming stores.



Zalando plans big ▪ The Berlin-based online fashion retailer has recorded a slight slowdown in revenue and profit despite a strong increase in shopper numbers. Zalando posted a second quarter revenue of EUR 1.1 billion and plans to expand its European fulfilment network with two large warehouses in Poland and Italy.


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Scandinavian rejigs ▪ Lego CEO Bali Padda is leaving the Danish toymaker after just eight months in the role and will be replaced by Niels Christiansen. Meanwhile, Swedish giant Ikea, known for its quirky approaches, has released a new ad to create euphoria, using a technology to get you tingly.




Asia & Australia


Striking back ▪ China's second-biggest hypermarket operator, Sun Art Retail, is betting on a new online delivery strategy, Feiniu Fresh service, to take on e-commerce players as competition hots up in the country's US$ 700-billion grocery market. The retailer posted a 22.7% rise in first-half net profit.



Deal in danger ▪ Woolworths' plan to sell off its forecourt business to BP for A$ 1.8 billion faces renewed scrutiny by the competition watchdog over fears it may endanger price competition in the sector. Under the deal, BP would take over and rebrand 543 stores from the Australian supermarket operator.




Image gallery


Lidl's fashion statement ▪ The discount giant will debut its fashion campaign with supermodel and designer Heidi Klum at New York Fashion Week early next month. Click here to have a sneak peek at the collection, which will be available in Lidl's global network of stores after the event.



Big ideas for small places ▪ Muji, the simplicity-loving Japanese housewares company, has redesigned its Tokyo store, adding a fruit and vegetable market. Click here for pictures of the Muji flagship. In Russia, German retailer Metro has ambitious plans for its convenience banner Fasol. This store opened last year (German captions).