Australia's Woolworths cuts its way back to profit but still has some problems. In the US, Walmart and Google are working together to challenge Amazon. Enjoy the read and feel free to share.




Wednesday, 23 August 2017





Hello, dear reader

Australia's Woolworths cuts its way back to profit but still has some problems. In the US, Walmart and Google are working together to challenge Amazon. Enjoy the read and feel free to share.




USA


Ambitious collaborations ▪ In another move to take on Amazon, Walmart is joining forces with Google Express, adding hundreds of thousands of items to its online marketplace. The big box retailer also partners with Kroger and a number of food suppliers to collaborate on a blockchain initiative with IBM for food safety.



No break for Blue Apron ▪ The meal kit company has lost its top human resources executive, implemented a temporary hiring freeze for salaried employees and fired part of its recruiting team. Other news revealed that Blue Apron is facing class-action lawsuits over failing to disclose material information.



Sneak peek at Target ▪ In a bid to make the shopping experience fast, efficient and fun, the US discount retailer has given its downtown Minneapolis store a US$ 10 million makeover. Have a look at how Target combines digital and technology upgrades with its merchandise presentation.




Europe


Spanish winners ▪ LZ Retailytics data shows that retailers in Spain have reason to stay positive as their sales have grown between 2015 and 2017. Market leader Mercadona tops the forecast. But the real winners are Lidl and Aldi which saw sales density jump 5.5% and 7.2% respectively during the period.



Going public in Turkey ▪ Turkish retailer Sok is planning an initial public offering in 2018. Owned partly by food giant Yildiz Holding, the company operates more than 4,700 stores and is one of the country's biggest discounters, selling groceries, fresh produce and household items.


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Asia & Australasia


Woolies bounces back ▪ Australia's largest supermarket chain seems to have recovered from its loss last year and reported a net profit of AU$ 1.53 billion, but is it sustainable? Its Big W chain is causing some headaches. Woolworths' New Zealand unit, Countdown, also suffered a small decline.



Waiting for Amazon ▪ US warehouse retailer Costco has opened another store in Australia and is set to increase its online presence to match its physical space as it joins other retailers in waiting for the arrival of Amazon, which has the potential to completely reshape the way Australians shop.



Decisions in Singapore ▪ Seven drinks manufacturers, including Coca-Cola and Pepsico, will limit the sugar content in drinks they sell in the city-state. Alibaba's Alipay aims to expand its mobile payment service in Singapore and targets food stalls and small retailers.




Africa


Shoprite aims high ▪ The South African retail giant reported a sales increase of 8.4% to US$ 10.73 billion. Shoprite CEO Pieter Engelbrecht plans to ramp up the retailer’s exposure to affluent and higher-income consumers – a market traditionally conquered by Woolworths.



African goods for Americans ▪ Ebay and MallforAfrica.com are expanding their existing relationship. Starting this week, products from select vendors in six African countries will be available on the US e-commerce company's shopping site. DHL will be shipping partner.