Target has sounded a battle cry, with some big moves to shore up its important delivery and grocery businesses. Over in the UK, Sainsbury’s has called time on its acquisition talks with Nisa and Waitrose has become the second major supermarket to drop the price of women's sanitary items. Enjoy the read and feel free share.




Tuesday, 15 August 2017





Greetings!

Target has sounded a battle cry, with some big moves to shore up its important delivery and grocery businesses. Over in the UK, Sainsbury’s has called time on its acquisition talks with Nisa and Waitrose has become the second major supermarket to drop the price of women's sanitary items. Enjoy the read and feel free share.




USA


Target ramps up ▪ The discounter has made a major play in the digital space, with the acquisition of transportation tech company, Grand Junction. The deal gives Target access to more than 700 carriers, and will help boost its delivery services. The chain also hopes to reinvent its struggling grocery business with some expert hires.



Legal bills ▪ Sears and Whirlpool have won a US$ 2 million reduction in legal fees they must pay. Discounter Costco has been hit with a US$ 19 million bill to pay Tiffany & Co after selling fake rings under its name. Supermarket chain Safeway has to pay US$ 42 million over pricing disparities between its online and physical stores.



Sneak peek ▪ Online retailer Indochino has expanded its brick-and-mortar footprint with its biggest space so far. The 4,100 sq ft store in the mega mall, King of Prussia in Pennsylvania, takes its number of US stores to 17. Take a look at the space here.




Europe


UK grocery games ▪ Sainsbury’s has put its takeover talks with Nisa on hold until it gets a better feel for how the local competition authority would handle the deal. The decision comes following concerns expressed by the authority over the Tesco-Booker merger. Waitrose has joined Tesco in covering the ‘tampon tax’ on women’s sanitary products.



For sale? ▪ Dairy giant Danone has enjoyed a bump in its share price amidst mounting speculation that the group might be up for sale. The EUR 45 billion business has been tipped as an acquisition target for Kraft and Coca-Cola, although fund managers are treating this claim with caution.


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Store openings ▪ Albania is due to get another four Spar supermarkets, bringing the total to 23 Spar supermarkets and three Interspar hypermarkets. French grocer Auchan is making its next play in Romania, with plans to open its first supermarket there. It currently operates hypermarkets and convenience stores in the country.




Australasia


Pleasing results ▪ Australian electronics chain JB Hi-Fi exceeded its own expectations, enjoying a 13% boost in profit. Strong sales in phones, computers, audio equipment and home appliances are behind the result. Chinese e-commerce giant JD.com also surprised, with a 43.6% jump in revenue for Q2.



KFC gets busy ▪ The fast food giant is capitalising on the rising appetite for fried chicken in Asia, with plans to more than double the number of stores in South Korea over the next six years. Over in Thailand, Chang beer maker Thai Beverage will buy more than 240 KFC outlets for US $340 million.



Let’s get digital ▪ US fashion retailer Gap has launched its newest digital flagship store on Yahoo! Taiwan. The company says the move reflects the growing shift online in the region. Customers will have the option to pick up orders at nearby stores or local fulfillment locations.




Insider insights


Russian consolidation ▪ In a special report, LZ Retailytics says the Russian retail landscape is undergoing market concentration, and expects the six largest Russian grocers will near half of all organised trade by 2021. Market leader X5’s role in Russia is likened to that of Aldi and Lidl in Western countries.



Celebs king of online ▪ Internet stars are believed to have generated an astounding US$ 8.7 billion in sales last year in China. The success of ‘Wanghong’, as they are known, is down to three key factors – online retail platforms and their enormous customer bases, frequent interaction between retailers and their followers and most importantly, a rapidly responsive supply chain.