JC Penney is proving the master of reinvention as it looks to stay on top of digital trends with the launch of its own subscription service. Meanwhile, Walmart is busy targeting two lucrative segments – millenials and procrastinators. Enjoy the read and feel free to share.




Monday, 11 December 2017





Hello ,

JC Penney is proving the master of reinvention as it looks to stay on top of digital trends with the launch of its own subscription service. Meanwhile, Walmart is busy targeting two lucrative segments – millenials and procrastinators. Enjoy the read and feel free to share.

ADVERTISEMENT
Banner





USA


Jumping on the bandwagon ▪ JC Penney is looking to prove it can keep up with the digital revolution, teaming up with Bombfell to launch a subscription box service. The retailer will start with its line of clothes for big and tall men to test the increasingly popular trend.



Walmart targets ▪ The big box retailer has brought in help with its quest to attract more millenial shoppers. It has struck a partnership with Buzzfeed’s recipe app Tasty to sell its goods on the platform. Meanwhile, the discount giant is also looking to capitalise on holiday procrastinators by ramping up its same day in-store pickup service.



Open again ▪ A judge has told Amazon it must re-open a Washington Whole Foods store it closed back in October, as the closure violates a lease agreement. Iconic toy retailer FAO Schwarz is making a comeback in the Big Apple. It is opening a store in the high-profile Rockefeller Plaza, two years after closing its Fifth Avenue flagship.



Going viral ▪ Target enjoyed a popularity boost after the reigning queen of pop visited one of its outlets for a spot of shopping. Beyoncé was videoed at the store with her daughter and mother, with the footage quickly going viral.




Europe


Store plans ▪ Or lack thereof, for Ikea. The Swedish furniture giant says it has no plans to open any more stores in Ireland at the moment, despite it clocking up EUR 167 million in sales last year. Aldi Süd seems ready to push its convenience concept in its home market of Germany, with LZ Retailytics saying now would be an excellent time to do so.



Pay up ▪ Consumer goods giant Unilever’s Italian operations have been slapped with a EUR 60 million fine for abusing its dominant position in the ice cream market. Shareholders will this week vote on whether the brother of Sports Direct founder Mike Ashley will receive GBP 11 million in back pay, withheld due to PR concerns over the amount.



New leaders of fizz ▪ Swiss bottler, Coca-Cola HBC, has appointed Zoran Bogdanovic to succeed Dimitris Lois, who passed away in October. Across the Atlantic, PepsiCo has appointed former European exec Mike Spanos as Chief Executive for Asia, the Middle East and North Africa.




Asia & Australia


Big plans ▪ E-commerce giant Alibaba will roll out 2,000 Hema supermarkets in China over the next three to five years, as part of its ambitions to merge online and offline shopping. Luggage giant Samsonite plans to overhaul 65,000 sales outlets in 140 countries to better appeal to its female customers.



Keeping quiet ▪ Franchisor Retail Food Group has attracted criticism after warning its store owners not to air complaints in public. The directive comes following a media investigation revealed hundreds of stores suffering under a brutal business model.




Interviews with insiders


King of India ▪ Ikea’s first CEO in the country, Juvencio Maeztu, talks about the company’s ambitions to rule the retail scene there for the next 100 – 200 years and the smart work it is doing now, in collaboration with local authorities, to lay the foundations.



Surviving digital apocalypse ▪ While the advent of the digital revolution might suggest the end is nigh for the humble greeting card, Hallmark’s Chief Marketing Officer Lindsey Roy explains why that’s not the case.