Yet another online giant is making its foray into food delivery – although this time it’s one of the world’s largest social media players. Meanwhile, Walmart has big plans for China and a relentless Amazon is now turning its eye to sportswear. Enjoy the read and feel free to share.




Monday, 16 October 2017





Hello ,

Yet another online giant is making its foray into food delivery – although this time it’s one of the world’s largest social media players. Meanwhile, Walmart has big plans for China and a relentless Amazon is now turning its eye to sportswear. Enjoy the read and feel free to share.




USA


Facebook to deliver ▪ The social media heavyweight has launched a food order and delivery service across America. Restaurants including Chipotle Mexican Grill, Jack in the Box and Five Guys have all partnered with the company, which announced its plans in this space a year ago.



Good sport ▪ Speculation is mounting that Amazon is getting into sportswear, with the e-commerce giant reportedly speaking to a number of major activewear suppliers. The news has sent an already-tumultuous industry reeling, with the shares of many large sporting brands taking a tumble.



How convenient ▪ A coalition representing nearly 7,000 7-Eleven franchisees is suing its parent company for failing to fulfil its promise to treat franchises as independents. Wisconsin-based convenience chain Kwik Trip has taken control of 34 PDQ Food Stores across the state in a deal worth about US$ 14 million.




Asia & Australia


Ramping up ▪ Walmart has big plans to open 30–40 hypermarkets in China every year including more compact hypermarkets. Japanese drugstore brand Matsumotokiyoshi will expand into Taiwan, after a survey showing its cosmetics are popular with consumers there.



Final chapter ▪ Woolworths has closed the book on its costly foray into home hardware, with the completion of its AU$ 830 million sale of its portfolio of ex-Masters properties to Home Consortium. It plans to convert the Masters stores into large format retail centres.



Generous spirit ▪ Former Esprit chair Michael Ying Lee-yuen has transferred HK$ 900 million worth of shares to his two daughters, making them jointly the brand’s second-largest shareholder. In what could be the last Diwali sale for 2017, Flipkart and Amazon India are hosting four-day long festivals with discounts of up to 80%.




Europe


Haves and have nots ▪ The European Commission has found further evidence of the alleged practice of dual food quality in Central Europe, reinforcing the view that the continent is divided into first and second-class consumers. LZ Retailytics points out that the often used ‘produced in Germany’ tag may now be more than post-communist hype.



Fashion first ▪ Luxury brand Gucci is going fur-free from next year, bowing to pressure from animal rights activists and consumer demand. Zara UK has recorded its first fall in profits despite record sales. The company blames its extensive investment programme which includes store refurbishments.



Store openings ▪ UK grocer Waitrose has opened its fourth shop in Dubai, as it continues its partnership in the Middle East with Fine Fare Food Market. Russian retailer Lenta continues its aggressive ambitions for growth, opening its thirty seventh supermarket in Moscow and another two in St. Petersburg to total twenty in the city.




Trendsetters


Glitz and glamour ▪ Luxury fashion house Louis Vuitton has marked the opening of its glittering new flagship store in Paris with the unveiling of three stunning jewellery sets including a 6.29-carat emerald and an enormous 20.08 carat spinel. Check out the store and its glittering wares here.



Futuristic homewares ▪ Home Times, a furniture store supported by Alibaba, has opened for business in Hangzhou. No wallet is required – the 20,000 items can be purchased with a mobile phone using the online retailer’s e-payment service Alipay. You can get a closer look at the store here.