News of Amazon’s acquisition of PillPack, and the subsequent fallout for competing pharmacies dominates today’s headlines. California has boldly rejected the protests of global tech giants in favour of giving consumers more control over their personal information. And in a surprise announcement, Starbucks CFO Scott Shaw has revealed he is retiring. Enjoy the read and have a great weekend.




Friday, 29 June 2018





Hello ,

News of Amazon’s acquisition of PillPack, and the subsequent fallout for competing pharmacies dominates today’s headlines. California has boldly rejected the protests of global tech giants in favour of giving consumers more control over their personal information. And in a surprise announcement, Starbucks CFO Scott Shaw has revealed he is retiring. Enjoy the read and have a great weekend.




America


Amazon acquires ▪ The e-giant has launched head-first into the pharmacy industry with the purchase of online dispensary PillPack, for a fee thought to be close to USD 1 billion. The announcement, coupled with news Amazon plans to make changes to its local delivery networks, has resulted in the loss of USD 17.5 billion from eight companies' market values in just one day, while Amazon’s shares increased.



Big tech beware ▪ Landmark legislation for online privacy has been passed in California, allowing consumers to view the data collected about them from tech giants, request data deletion and opt out of having their personal information sold on. The bill was vocally and financially opposed by online majors Amazon, Google and Facebook.



Coffee bombshell ▪ After 4 years at the helm, Starbucks CFO Scott Maw has announced his retirement. The shock revelation left investors gobsmacked and saw the coffee chain’s shares plummet by more than 4%.




Europe & Africa


Discounters expand ▪ Lidl is powering ahead with expansion in Scotland. The German retailer plans to open five new stores, creating 300 new jobs. Meanwhile, rival discounter Aldi has signalled its intent to snap up the embattled Waitrose store in Camden.



Automated service ▪ Russia’s X5 Retail Group is piloting ‘Helping Tills’ in two of its Pyaterochka stores in Moscow. The self-checkout machines with voice assistance will be available in Russian, English and Chinese.



Sour taste ▪ Moroccan dairy firm Central Danone has lost more than 50% of its market share in fresh milk since a boycott against its products began in April. French parent company Danone refuses to call it quits and has said they will never leave the country.




Asia & Australasia


Ponderings and partnerships ▪ Online behemoth Alibaba is organising a consortium of academics to find out how best to help society cope with increasingly rapid changes in technology. The group called Luohan Tang, boasts 15 top scholars including Nobel laureates. Meanwhile, the e-commerce giant has partnered for the first time with a Japanese clothing retailer to open a smart store in China.



Bag ban bungle ▪ Woolworths has been forced to backtrack on its plastic bag ban, after angry customers refused to pay for eco-friendly bags at the checkout. The Australian supermarket major will provide free reusable bags for 10 days while consumers adjust to the transition.



Great performance ▪ Retail is worth AUS 19.6 billion to the Australian economy, making it the second top performing sector in the country. Retailers also had the highest number of brands listed in the nation's ‘BrandZ Top 40’, including Westfield, Bunnings and Harvey Norman.




Food and Fashion


Weekend eats ▪ Dunkin' Donuts have taken their calorific treats to the next level with the introduction of Donut Fries: sugar-sweet sticks of pastry deliciousness. Meanwhile, you can keep the kids busy this weekend with Jell-O Play, a jelly kit designed for children to literally play with their food before they eat it.



Perfect fit ▪ The eternal search for the perfect pair of jeans may be over at last. Israeli start up LikeAGlove has created a pair of smart shorts that use technology to take exact hip and waist measurements. The data is then synced with 15 major retailers to find the best match.