Pressure mounts for British discounter Poundworld as a potential buyer pulled out. Australian wholesaler Metcash is heading into the 'red', while African retailer Tuskys pleases its employees. Amazon gets ready for a stiffer e-commerce battle in India, and in the US, the online powerhouse brings its 'Go' concept to more cities. Enjoy the read.




Thursday, 07 June 2018





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Pressure mounts for British discounter Poundworld as a potential buyer pulled out. Australian wholesaler Metcash is heading into the 'red', while African retailer Tuskys pleases its employees. Amazon gets ready for a stiffer e-commerce battle in India, and in the US, the online powerhouse brings its 'Go' concept to more cities. Enjoy the read.




Asia & Australia


Battleground India ▪ Celebrating its 5th anniversary in the South Asian country, Amazon boss Jeff Bezos feels 'energised' with the progress his company has made. The US online giant will reportedly invest another USD 2 billion as it is bracing for an intensifying competition following the Flipkart-Walmart deal.



Alibaba's activities ▪ The e-tailer's logistics affiliate Cainiao said that it will form a joint venture to build a distribution centre in Hong Kong, investing USD 1.53 billion to further expand the group's global delivery network. Meanwhile, Ant Financial intends to purchase a minority stake in Shanghai-listed Winning Health Technolgy.



Developments Down Under ▪ Grocery wholesaler Metcash, which supplies hundreds of independent IGA supermarkets, is facing a full-year loss after its largest South Australian supermarket customer ended its contract. Retail conglomerate Wesfarmers doesn't plan any new acquisitions as it transforms its business.




Europe


Trouble ahead ▪ The future of struggling discount retailer Poundworld is in the balance after Alteri Investors, one of the main contenders to buy the chain, pulled out of talks. The British company, which has 355 stores, is now facing the threat of administration. More than 5,000 jobs may be at risk.



Addressing shoppers ▪ The Swiss Post and retailer Migros are testing a new device that makes shopping online a lot easier. Products can be ordered by using the Post Home Button. Trendy vegans will applaud Waitrose for being UK's first supermarket to launch dedicated plant-based sections across all of its stores, nationwide.


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US & Canada


Checkout-free in Chicago ▪ Amazon has reportedly leased two spaces for its cashierless store concept in the 'windy city', both located downtown with heavy foot traffic. The online giant also plans to bring Amazon Go to San Francisco and is looking for locations in other cities, including Los Angeles.



Tackling debt ▪ Petsmart has hired restructuring advisers to explore ways to reduce debts of more than USD 8 billion as it continues to face falling profits. This comes after America's largest pet retailer told investors it would move part of its ownership of e-commerce website Chewy away from the reach of its creditors.



Omnichannel offers ▪ Dick’s Sporting Goods is set to overhaul its supply chain to speed up deliveries while also testing pick-up lockers. Target is extending its on-demand grocery delivery through Shipt across the Chicago area, and grocer Save Mart has launched online shopping platform ClickCart.




Africa


Goodbye to plastic ▪ South Africa's Woolworths is the country's first retailer to announce that it will phase out single-use plastic bags by 2020. The campaign will also see the phasing out of what the grocer calls "unnecessary single-use plastics" such as straws and cutlery by 2022.



Promising investments ▪ Nairobi-headquartered supermarket operator Tuskys has signed an agreement with the union that raises the basic pay of its employees by 8%. More than 1,800 workers will enjoy the salary increase. The grocer, which recently opened its 57th branch in Kenya, hopes to boost productivity.



Risk management ▪ Tiger Brands has announced changes to its senior executive team as it deals with the fallout of the listeriosis outbreak this year. South Africa's largest food company also wants the government to adopt further food safety and hygiene standards.