E-commerce titan Amazon is one step closer to disrupting the grocery industry after its takeover of Whole Foods has been cleared. Competitors take on the challenge. In Germany, supermarket giant Edeka is ramping up its online presence and delivery service. Enjoy the read and feel free to share.




Thursday, 24 August 2017





Hello, dear reader

E-commerce titan Amazon is one step closer to disrupting the grocery industry after its takeover of Whole Foods has been cleared. Competitors take on the challenge. In Germany, supermarket giant Edeka is ramping up its online presence and delivery service. Enjoy the read and feel free to share.




USA


Mega deal goes ahead ▪ US authorities and shareholders have approved Amazon's US$ 13.7 billion purchase of Whole Foods. This came on the same day as Walmart announced a partnership with Google to better compete online. In other news, it was revealed that Amazon is expanding its fresh delivery programme to business customers.



Lowe's stays optimistic ▪ It was another disappointing quarter for the US home improvement chain, which reported lower-than-expected earnings and revenue and gave notice of slower growth for the second half. Nevertheless, Lowe's remains focused on making investments to improve the customer experience.



Fashion winners ▪ Teen apparel retailer American Eagle Outfitters has posted better-than-expected second quarter results. Also topping the estimates with its Q2 results was Columbus-based fashion retailer Express thanks to surging e-commerce growth.




Europe


Edeka bets on e-commerce ▪ Germany's leading grocer is accelerating efforts to improve its online offer and will expand the capacity of its Bringmeister home delivery service, which already has taken on Amazon in Berlin. In a separate project, one of Edeka's regional divisions has partnered with car maker Audi for click & collect orders.



Tesco starts compensation ▪ In agreement with the Financial Conduct Authority, the British supermarket leader has opened a GBP 85 million compensation scheme for investors which were misled by the accounting scandal two years ago. Retail investors will be paid more than three times the rate of interest.


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Encouraging concepts ▪ Celebrating a rich heritage and bright future, upmarket shirt retailer Hawes & Curtis has unveiled a rebrand for the first time in its 104-year history. Meanwhile, Sports Direct has announced plans for a store in Scotland that will house all of its retail brands under one roof.




Asia & Africa


Eastern investments ▪ Walmart China has signed an agreement with authorities in the Jiangsu Province to open at least five new Sam's Club stores in the region. Over in Malaysia, Ikea will build its largest regional distribution centre, spending US$ 212 million, to grow across Southeast Asia.



Alibaba supports Indonesia ▪ Jack Ma, CEO and founder of the Chinese online powerhouse, has officially become an e-commerce advisor to the Indonesian government after accepting an offer to guide a steering committee consisting of 10 ministers.



More trouble for Nakumatt ▪ Uganda Revenue Authority has added to the problems of the struggling regional supermarket giant by shutting the chain's main store in the heart of Kampala and two others, claiming unpaid taxes. The closure effectively halted the retailer's operations in the country.




Image gallery


Eye-catcher in Berlin ▪ The German capital boasts an impressive array of concept stores in all shapes and sizes. The Retail Academy has compiled a list of must-see projects. Check it out. Some of the examples can surely compete with Rinascente in Milan or Merci in Paris.



Summer food celebrations ▪ British grocer Waitrose hosted its first summer festival in Hampshire. The event ran over three days and included a lot of activities for food-lovers. LZ Retailytics reckons that it was a marketing exercise that could also inspire others. Have a look at the pictures.