Walmart is sending a clear message that it has shifted its focus to e-commerce by making changes to its corporate name. Amazon has Southeast Asia on its radar but received mixed reactions in Australia. Swiss giant Nestlé extended its healthcare portfolio with another acquisition, while an African supermarket merger was rejected.




Thursday, 07 December 2017





Hello ,

Walmart is sending a clear message that it has shifted its focus to e-commerce by making changes to its corporate name. Amazon has Southeast Asia on its radar but received mixed reactions in Australia. Swiss giant Nestlé extended its healthcare portfolio with another acquisition, while an African supermarket merger was rejected.

ADVERTISEMENT
Banner





USA & Canada


Online shift ▪ Underscoring its emphasis on e-commerce, Walmart will change its corporate name, from Wal-Mart Stores, dropping 'stores' and hyphen. The retailer is already facing the challenges of soaring online purchases. Williams-Sonoma is also betting on mobile shoppers. The US-based home furnishings retailer has launched a range of websites in Canada.



Ambitious goals ▪ Home Depot has announced a US$ 15 billion share repurchase plan and will invest the money in improving its stores in order to hit a US$ 120 billion annual sales target in the coming years. Wholesaler Supervalu outlined its steps for growth, which requires prioritising the retention of existing customers.



Healthcare acquisition ▪ Switzerland's Nestlé is spending US$ 2.3 billion to buy Canadian nutritional products company Atrium Innovations as it seeks to spice up its consumer healthcare activities. The move is in line with the 'strategic blueprint' that newish CEO Mark Schneider set out in September.




Asia & Australia


Amazon abroad ▪ After its market debut in July, the online powerhouse has now introduced Prime membership in Singapore. Over in Australia, the e-tailer has received mixed reviews, although it claims that orders on its site led to its biggest opening day ever. Retailers are now in fear that there will be more to come.



Myer steps up ▪ The Australian department store operator has launched a new online marketplace in an apparent bid to remain competitive against retail cyclone Amazon. The platform is called Myer Market and offers a curated range of home, entertainment and lifestyle products and experiences.



Convenient gyms ▪ While FamilyMart Uny is considering getting rid of its retail interests in Hong Kong, outlets in its home country will get a boost, as the Japanese convenience operator is about to launch a fitness club chain, Fit & Go, which will adjoin store locations.




Europe


Strategic fit ▪ Irish retail and wholesale group Musgrave, which controls the SuperValu chain, has agreed to buy La Rousse Foods. The company was put up for sale by troubled bakery supplier Aryzta and sells fresh and frozen food to hotels, restaurants and catering firms.



Store decisions ▪ Siberian retailer Holidey has launched a new hard discount concept. The first seven 'Boom' stores have already opened in the region of Novosibirsk. Australian stationery chain Typo wants to more than double its store count in the UK before Christmas, only a year after its British debut.



Shopping sound ▪ Coop Sweden has introduced a new feature to its mobile app, which allows customers to create a shopping list using their voice. The retailer says that the voice-controlled list is easy to use. Customers open the shopping list section in their app, select the microphone and start talking.




Africa


Trouble in Kenya ▪ The competition regulator has rejected retail chain Tuskys’ proposed merger with troubled supermarket operator Nakumatt, arguing that the application wasn't done in the correct way. Meanwhile, Uchumi supermarkets reluctantly accepted the resignation of CEO Julius Kipng'etich.



Scandal at Steinhoff ▪ The South Africa-based retail conglomerate has lost its CEO amid an ongoing investigation into accounting irregularities. Markus Jooste stepped down and will be temporarily replaced by company chairman Christo Wiese.