American giants are dominating the news, with Whole Foods introducing special discounts for Prime members, Amazon threatening to move jobs out of Seattle, and rival Walmart teaming up with Lord & Taylor to offer higher end clothing options. Also hitting the headlines are pledges by heavyweights such as Nestlé, Rewe, and Coca-Cola to reduce sugar. Enjoy the read, and don't forget to share.




Thursday, 17 May 2018





Hello ,

American giants are dominating the news, with Whole Foods introducing special discounts for Prime members, Amazon threatening to move jobs out of Seattle, and rival Walmart teaming up with Lord & Taylor to offer higher end clothing options. Also hitting the headlines are pledges by heavyweights such as Nestlé, Rewe, and Coca-Cola to reduce sugar. Enjoy the read, and don't forget to share.




US & Canada


As for Amazon... ▪ The e-commerce giant has threatened to move jobs out of its hometown of Seattle, after the city council introduced a new tax to address the homeless crisis there. Whole Foods has debuted a new loyalty program, offering special discounts to Amazon Prime customers.



Tie-ups and trouble ▪ Walmart has introduced a new shop on its website, offering over 125 brands sold at department store Lord & Taylor. The Bentonville-based retailer is facing increasing pressure from rival Amazon, whose domestic sales are set to match Walmart's within the next two to three years.



Department store developments ▪ Nordstrom is expanding its extended sizing initiative to 30 stores, with 100 brands producing more sizes across multiple categories. A sales surge at the beginning of the year saw Macy's quarterly same store sales growth beat Wall Street expectations, with net sales up 3.6% to USD 5.54 billion.




Europe


Selective sharing ▪ Food delivery service Deliveroo will hand out GBP 10 million worth of shares to 2000 employees, but the couriers who deliver its food will get nothing, as the company classifies them as self-employed contractors. The move will extend an existing share options package previously only available to senior staff.



Environmental moves ▪ A new plastic free "trust mark" has been introduced in the UK, with supermarket Iceland among the first retailers to roll it out. Bottled water suppliers in the UK and across the EU have committed to significantly increasing the collection of PET bottles and the use of recycled PET over the next seven years.



Healthier options ▪ Nestlé plans to make further cuts to the amount of sugar, salt, and saturated fats present in its foods, in an attempt to appeal to increasingly health-conscious consumers. German supermarket Rewe has introduced its first range of reduced-sugar private label goods. (Paywall; in German)




Australasia


Beverage moves ▪ Coca-Cola's Australian bottler is reducing the sugar levels in some of its biggest selling soft drinks, in response to consumer backlash against sugar consumption and growing calls for a sugar tax.



Expanding in Asia ▪ Japanese fast fashion retailer Uniqlo plans to open its 15th global flagship in Manila this autumn, creating what will be its largest store in South East Asia. Meanwhile, coffee chain Starbucks is looking to more than triple its revenue and nearly double its store count in China.



Smartphone sale gains ▪ Combined sales of Chinese smartphone makers Vivo, Oppo and Huawei, edged past market leader Samsung Electronics' results for the first time last year, as Chinese makers, faced with a saturated home market and pressure from the US, are turning towards the rest of Asia.




Robots and results


Hitting the mark ▪ Target has come out tops in a survey which ranked the most popular department stores in the US, with 69% of Americans stating that they had a positive opinion of the retailer. Target also came first among customers who said they had expensive tastes.



Robot talk ▪ China's second biggest e-commerce company, JD.com, is working to develop courier robots that will be able to communicate with lifts, allowing them to ascend towers to complete deliveries. The company is also developing drones that can take off and land vertically.