The retail giants of the world continue to battle fiercely. Walmart has shared its plans for the holiday season and it involves a lot of partying. Meanwhile, rival Amazon continues to find ways to bring the digital and physical together. It wasn’t all sparkle and shine though, as Myer comes under intense pressure and Nakumatt finally files for bankruptcy. Enjoy the read and feel free to share.




Thursday, 02 November 2017





Hello ,

The retail giants of the world continue to battle fiercely. Walmart has shared its plans for the holiday season and it involves a lot of partying. Meanwhile, rival Amazon continues to find ways to bring the digital and physical together. It wasn’t all sparkle and shine though, as Myer comes under intense pressure and Nakumatt finally files for bankruptcy. Enjoy the read and feel free to share.




USA


Holiday plans ▪ Walmart has shared its much-anticipated holiday season strategy, which will see it triple its online selection to 60 million items and throw 20,000 parties across its stores. Meanwhile, the discounter and its online rival Amazon both have the jump on Black Friday, while struggling Sears is putting the whole store on sale.



Next level ▪ Not one to sit back and relax, Amazon continues to find ways to make online shopping a more tangible experience. It has introduced what it’s coining the ‘AR View’. Shoppers can visualise online products in their own homes, using their smartphone cameras.



Fruitful partnerships ▪ Colorado-based Door to Door Organics is getting into the delivery game by teaming up with UPS, which will allow the retailer will expand its footprint significantly. Soft drink giant Coca-Cola has finished refranchising its bottling operations at home, after closing its final three partnership deals.




Europe


Man or machine ▪ Coop Danmark will start testing an unmanned store format from early 2018, which could help save ailing stores in small towns. Irish company Everseen wants to help eliminate queues and checkouts with its new checkout-free technology Øline. Russian retailer X5 is refining its targeted marketing activity with machine learning.



Branching out ▪ UK grocer Sainsbury’s is looking to cash in on the unexpected resurgence of vinyl, launching its own ‘record label’ to promote music tailored to its customers. French supermarket Carrefour will open an optician chain (paywall), through a tie-up with Atol cooperative group.



CEO appointments ▪ Just as struggling supermarket Asda turns around its sales decline, its CEO of 18 months will step down to be replaced by deputy Roger Burnley. Ingredient and flavour manufacturer Carbery has named Jason Hawkins as its new CEO, with its current head retiring at the end of the year.




Asia & Australia


China-Oz exchange ▪ Chinese e-commerce giant JD.com continues to ramp up in Australia, saying it is not far off opening its first office there. Concerns are mounting over a new ‘daigou’ supermarket chain, AuMake, that sends premium local products to China, while dodging Australian tax laws.



Myer’s mire ▪ The department chain’s share price tanked as it slashed sales targets and revealed declining sales figures after yielding to pressure from billionaire and major shareholder Solomon Lew. Its talk of re-engaging customers and bolstering digital credentials with a new online marketplace failed to inspire investors.



Great expectations ▪ Chinese retail legends Alibaba and Tencent are under pressure to sustain the blistering pace of growth that investors have gotten used to seeing from the duo. Alibaba’s results, out today, will be the first test of this.




Africa


Debt misery ▪ The latest chapter in the ongoing saga of Nakumatt is not a happy one with the Kenyan supermarket chain applying for bankruptcy as it seeks to fight liquidation and protect itself from creditors.



Shoprite delights ▪ On the flipside, the continent’s largest retailer has delivered strong performance with its latest trading update revealing a 6.4% increase in turnover, despite tough conditions outside South Africa. CEO Whitey Basson, who in his 45 years at the company oversaw expansion of the company from an eight store chain is retiring at the end of the year.