Christmas came early for Walmart and its British subsidiary Asda - The former proved to be a match for Amazon and the latter's turnaround continues to bear fruit. Tesco has also reason to rejoice as it received the green light to sell its optician business, and the Co-op is eyeing another tie-up, just days after merging with Nisa.




Friday, 17 November 2017





Hello ,

Christmas came early for Walmart and its British subsidiary Asda - The former proved to be a match for Amazon and the latter's turnaround continues to bear fruit. Tesco has also reason to rejoice as it received the green light to sell its optician business, and the Co-op is eyeing another tie-up, just days after merging with Nisa.




USA & Canada


Bright future ▪ Walmart reported better-than-expected quarterly sales, boosted by its e-commerce division and strong gains in grocery sales. As a consequence, the big box retailer has improved its holiday forecast. Across the Atlantic, daughter company Asda reported another quarter of sales growth.



Digital decisions ▪ With the acquisition of augmented reality start-up Outward, kitchenware giant Williams-Sonoma wants to “enhance its service platform and transform the shopping experience". Ahold USA is on a similar path, trialling a robot in one of its Giant Food stores. Its job is to detect dangers and then ask for assistance.



Recipes from Amazon ▪ Media company Meredith has reached an agreement with the online titan to integrate AmazonFresh into its Allrecipe.com platform. Users will have the option to get all required ingredients in a same-day delivery. It is the first e-commerce grocery partnership for a recipe site.




Europe


More mergers ahead ▪ Just days after Nisa’s members voted to accept its takeover offer, Britain's Co-op is reportedly set to reveal another deal, this time with Costcutter. Following its approval to buy Booker, Tesco also received the official nod to sell its 200-strong opticians chain to Vision Express.



Gaining speed ▪ Spar Poland has reached its 2017 revenue target and revealed its strategy for 2018 with a stronger focus on convenience and food-to-go in its store concepts. LZ Retailytics believes that Spar will be able to grow faster than the market, even if competition intensifies.



Makeup for men ▪ Online cosmetic store MMUK Man is set to make retail history by launching Britain's first ever men's only makeup bricks-and-mortar store. The brand was launched five years ago and has recently seen a boost in popularity with fashion giant Asos taking on some of its products.




Asia & Africa


Asian commitment ▪ Growing regional e-commerce trade has prompted DHL Express to expand its Central-Asia hub in partnership with the airport in Hong Kong. Costing about US$ 371.4 million the expansion takes DHL’s commitment for the hub to about US$ 4.5 billion.



Developments in Kenya ▪ The planned merger of supermarket Nakumatt and Tuskys has been halted. Kenya's competition watchdog wants internal wrangles resolved first. Fellow retailer Uchumi, the country's only listed retail chain, has just posted a narrower pre-tax loss for the second year.



Department stores struggle ▪ A sales slump at David Jones has underlined the tough conditions in the sector. Woolworths Holdings, the South African-based owner of the department store chain, revealed that sales at its Australian unit declined 5.3% in the past 20 weeks.




Weekend reads


Pain for chains ▪ It's been a bleak year for the brick-and-mortar retail industry. Store closures are being announced and the e-commerce threat continues to grow. To fix retailer's problems, Bloomberg suggests considering a surprising historical parallel by looking at the airline industry.



Focus on Jeff Bezos ▪ Amazon is known for being a ruthless competitor — and is on track to become the first trillion-dollar company. But its brutal workplace culture is no secret. Different reports reveal that its founder Jeff Bezos can be a demanding boss. Here are nine stories about the Amazon CEO.