Walmart ramps up its efforts to gain ground in India, where rival Amazon is reportedly set to become a market leader. In the US, investors panicked at the news that the online powerhouse has joined forces with two heavyweights to create a healthcare firm. Meanwhile, Alibaba surprises with its Olympic clips. Enjoy the read and feel free to share.




Wednesday, 31 January 2018





Hello ,

Walmart ramps up its efforts to gain ground in India, where rival Amazon is reportedly set to become a market leader. In the US, investors panicked at the news that the online powerhouse has joined forces with two heavyweights to create a healthcare firm. Meanwhile, Alibaba surprises with its Olympic clips. Enjoy the read and feel free to share.




US & Canada


For better health ▪ Amazon announced a major health-care partnership with Berkshire Hathaway and JP Morgan Chase. The trio wants to create a healthcare firm aimed at cutting costs for their US employees. The deal sparked fear among investors and sent shares down at CVS, United Health and similar companies.



... and supplier relationships ▪ Walmart will share more data with suppliers to move faster in replenishing out-of-stock items, and Dollar General seeks to broaden its vendor base. The value specialist is encouraging new suppliers to attend its first-ever Innovation and Supplier Diversity Summit in April.


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Efficiency measures ▪ Texan store chain H-E-B has successfully piloted “smart glasses” , enabling associates to use augmented reality to better perform their jobs. Supermarket giant Kroger promoted two employees to help support its 'Restock initiative' to improve customer service.




Asia & Australia


Competition in India ▪ Walmart is in advanced talks to buy a significant minority stake in leading e-commerce marketplace Flipkart. A deal could be finalised by March. The news follows the announcement of arch-rival Amazon's plan to invest billions of dollars into the Indian market to overtake its online competitor.



Overseas expansion ▪ Shinsegae’s discount chain E-mart plans to enter the US by opening its premium food outlet PK Market. The South Korean company is eyeing cities with significant Asian communities, such as Los Angeles, and may also acquire a food factory in Portland, Oregon.



Store ideas ▪ 7-Eleven Taiwan has unveiled an experimental 'X-Store' in its corporate headquarters in Taipei, using state-of-the-art technology to serve customers without staff, and Australian upmarket department store chain David Jones will launch a mini food supermarket in Melbourne next year.




Europe


B&Q simplifies structures ▪ The British DIY retailer plans to cut 200 head office jobs as part of a cost-cutting drive and restructuring, which will "improve efficiency, simplify ways of working, and reflect recent changes in the market", according to the group's HR director.



Retail division for sale ▪ Dutch wholesaler Sligro is considering selling its supermarket banner Emté. LZ Retailytics says it makes sense for the company to focus on its strengths in the wholesale sector. The group also published its annual results for 2017, with overall sales amounting to EUR 2.97 billion.



Russian announcements ▪ St.Petersburg-based hypermarket operator Lenta has outpaced its domestic rivals Magnit and O’Key in terms of financial growth in 2017, helped by its expansion across the country. Click here for the results. Meanwhile, X5 Retail is set to start trading on the Moscow Stock Exchange from tomorrow.




Clips and pictures


Alibaba's ads ▪ The e-commerce giant recently unveiled three clips timed to the run-up to the 2018 Pyeongchang Olympics. Intended for an international audience, the advertisements play up the company’s underdog spirit, under the slogan “To the greatness of small.” Click here for more information and the videos.



Comfortable ambiance ▪ Fast-growing Art Van Furniture unveiled a new look at its newly-opened flagship in Michigan. It’s the first furniture store to be built “from the ground up” and features a striking glass exterior that allows natural light to stream into the outlet. Here are some images.