Companies across the retail world are growing strong, with Target hitting a bullseye in an exceptional second quarter, and Japan's Uniqlo planning to double its footprint in Southeast Asia. Walmart will start selling e-books, and Flipkart is rolling out a new platform. Enjoy the read, and don't forget to share.




Thursday, 23 August 2018





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Companies across the retail world are growing strong, with Target hitting a bullseye in an exceptional second quarter, and Japan's Uniqlo planning to double its footprint in Southeast Asia. Walmart will start selling e-books, and Flipkart is rolling out a new platform. Enjoy the read, and don't forget to share.




The Americas


Exciting figures ▪ Target has seen incredible second quarter gains, with digital sales up by over 40% in a period that witnessed the strongest same store sales growth in 13 years. Hardware retailer Lowe's also saw better-than-expected results in the quarter, but was less celebratory, with plans to cut back on slow moving inventory.



A new chapter ▪ Walmart has begun selling e-books for the first time in partnership with Rakuten's Kobo, the e-book division of Japan's biggest e-commerce company. The site will include a library of over 6 million titles, and also see audiobooks and e-readers up for sale.



Online and offline ▪ Amazon has announced that it will begin selling sportswear and apparel on its Brazilian website. The e-tailer said that over 300,000 products will be on offer. Meanwhile, clothing retailer Old Navy will begin selling its previously online-only plus-size Plus line in physical stores.




Europe


From the Netherlands ▪ Retailer Albert Heijn has started trialling an app that will allow customers to search for the specific location of a product within a store. Meanwhile, the parent company of greeting card retailer Moonpig has acquired its Dutch rival Greetz for an undisclosed sum, moving it closer to becoming the largest card retailer in Europe.



Grocery and growth ▪ Back to school sales at its department stores have seen John Lewis help offset struggling growth at supermarket chain Waitrose. Rival grocer Sainsbury's third largest shareholders have become its first to publicly support the supermarket's proposed merger with Asda.



Under fire ▪ Beauty retailer Superdrug has twittered that the personal data of some 20,000 customers may be at risk following an attack by hackers. Nike is also in trouble after an ad featuring a black model in a balaclava was slammed by critics, who said it promoted gang culture and stereotyped black youth.




Asia & Australia


Cannery crisis ▪ Coca-Cola Amatil has started a strategic review of its fruit and tomato business, SPC, including options to sell the business. The decision follows the completion of a four-year AUD 100 million joint investment with the government to save the 100 year old cannery from collapse.



Growing fast ▪ Japanese fast fashion retailer Uniqlo plans to double its number of stores in Southeast Asia and Oceania to 400 by 2022, with a focus on expanding from malls to standalone stores in order to expand its suburban reach. The retailer also aims to triple its revenue in the region by 2022.



Good as new ▪ Flipkart plans to tap into the secondhand goods market with a new business for refurbished goods. The Indian e-commerce major has launched a separate platform for the sale of refurbished electronics, with plans to add a range of products over varying categories in the coming months.




Strange but true


Don't say that ▪ Some Nike stores were closed in South Africa following a public outcry over a racist comment by a man linked to the sportswear retailer. Nike declined to comment on the matter, but issued a statement reiterating its "long-standing commitment to diversity and respect".



Uncaged ▪ Mondelez has redesigned its packaging of Barnum's Animal crackers, showing the creatures on the box roaming free after a century in cages. The company relented to pressure from activist group PETA, which called for a new package design, citing the cruelty animals experience in circuses.