The excitement around the Football World Cup is having a big impact on the retail world in the UK, with increased sales of televisions and beer, and promises from some supermarkets of early closures on grand final day so staff can watch the match. Meanwhile Tesco and Sainsbury’s both have imminent leadership changes, and Walmart is looking at small niche Indian tech start-ups for future acquisitions. Enjoy the read.




Wednesday, 11 July 2018





Hello ,

The excitement around the Football World Cup is having a big impact on the retail world in the UK, with increased sales of televisions and beer, and promises from some supermarkets of early closures on grand final day so staff can watch the match. Meanwhile Tesco and Sainsbury’s both have imminent leadership changes, and Walmart is looking at small niche Indian tech start-ups for future acquisitions. Enjoy the read.




America


Big plans ▪ Walmart-owned Jet is set to open a new fulfilment centre in the Bronx and offer same day delivery of Jet’s own products in New York City. Further afield, the technology arm of the world’s largest retailer is eyeing up Indian tech start-ups for its next investments.



Amazon antics ▪ The global powerhouse plans to build a new fulfilment centre in Ottawa that will generate over 600 jobs. Meanwhile, 1000 Spanish employees have called a three-day strike over a reduction in worker’s rights. Finally, analysts are claiming ‘microtrips’, or shopping trips of less than five minutes, are at the heart of Amazon’s brick and mortar strategy.



Mixed performance ▪ Pepsico has released better than expected second-quarter earnings, although not because of its eponymous fizzy beverage. Sales of savoury snacks such as Cheetos bolstered earnings, while soft drink consumption continued to slump.




Europe & Africa


Changes at the top ▪ Tesco UK CEO Charles Wilson is stepping down from his position following radiation treatment for throat cancer. He will continue to manage the Booker division, and Jason Tarry will take over his former role. Meanwhile, Sainsbury’s has lined up Martin Scicluna to replace outgoing chairman David Tyler.



Good sports ▪ Aldi and Lidl have promised to shut their stores an hour early if England makes into the Football World Cup grand final on Sunday, so that staff can make the kick-off. Lidl has also showcased a sneak preview of what taste sensations customers can expect during the 2018 festive season. Click here to see the mouth-watering images.



Closures confirmed ▪ Embattled retailer Poundworld is officially set to close 25 stores, resulting in the loss of over 200 jobs. Meanwhile, murmerings are rife that the founder of Poundland is considering a takeover bid to rescue part of Poundworld from administration.



Nourishing youth ▪ South African retailer Woolworths is partnering with Unicef to improve food and nutrition in 50 disadvantaged schools in the Gauteng province. The pilot programme aims to better equip the 100 volunteer food handlers to make wholesome food in safe and hygienic conditions.




Asia & Australasia


Small surge ▪ International business growth across 7-Eleven convenience stores produced a moderate profit increase of 2.7% for Japanese parent company Seven & I, despite significant economic and social challenges faced by the retail group.



Customer loyalty ▪ A study looking into consumer behaviour has revealed that 76% of Australians would consider shifting loyalties and changing their retailer due to a ‘disconnected experience’, which might include delayed service or poor interactions with staff.




Weird and wonderful


See it for yourself ▪ Facebook is trialling an app that will allow consumers to use augmented reality to visualise what items such as clothing and makeup look like ‘in reality’ before making a purchase. The augmented reality retail market is expected to reach USD 7,951 million by 2023.



Some like it hot ▪ World Cup fever has taken over Britain, and coupled with the stifling heatwave, has resulted in a massive increase in purchases of beer, barbecues and big-screen televisions. The value of total retail sales has risen year-on-year by 2.3%.