Following Walmart, more global retail giants, among them Carrefour and Shoprite parent Wakefern, have joined the IBM cloud network for promoting food safety. Other laudable initiatives include grocer Tesco's latest push to cut food waste and discounter Lidl's launch of grocery deliveries on a bicycle in Belgium. Get inspired and feel free to share.




Tuesday, 09 October 2018





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Following Walmart, more global retail giants, among them Carrefour and Shoprite parent Wakefern, have joined the IBM cloud network for promoting food safety. Other laudable initiatives include grocer Tesco's latest push to cut food waste and discounter Lidl's launch of grocery deliveries on a bicycle in Belgium. Get inspired and feel free to share.




Europe


Focus on high street ▪ Amazon is looking for a 'significant number' of retail sites across the UK to bring its cashierless shops to the country. In an unusual move, Tesco-boss Dave Lewis, has called for a tax on products sold on the internet, the so-called Amazon tax, to shift the burden away from traditional retail.



Below targets ▪ In an unscheduled release, German international electronics giant Ceconomy said that operating profit for the 2017-18 fiscal missed the targets. Earnings before interest, taxes, depreciation and amortisation totalled EUR 630 million, down from an adjusted figure of EUR 714 million.



Going public ▪ Belarus grocer Eurotorg is set to become the country’s first company to list on an overseas stock market, as it prepares to go public in London this week. The retailer, which was valued at up to USD 1.5 billion, expects to raise around USD 200 million in new money.



Scandinavian tie-ups ▪ Coop Denmark has partnered with pharmacy chain Apotekeren to offer healthcare services a number of its Kvickly stores, where pharmacy shops will be launched. In neighbouring Sweden, payment start-up Klarna has picked up fashion chain H&M as a strategic investor.




US & Canada


Transparency matters ▪ US retail group Wakefern and grocery purchasing organisation Topco have joined the IBM Food Trust network, a blockchain-based cloud service for food safety. French retail giant Carrefour is also part of the initiative and will reportedly start to track and trace chicken, eggs and tomatoes.



Gearing up ▪ Target takes on its discount rivals with Smartly, a new value-focused brand due to launch this weekend. The label focuses on daily household essentials and includes more than 70 items. The retailer is also hoping to beat Amazon and Walmart on the delivery front in the upcoming holiday season.




Asia


Indian investments ▪ Ikea plans to spend nearly USD400 million to open three packing warehouses in Mumbai, Bengaluru and Delhi. By 2025, the Swedish furniture giant wants have over 25 stores across the country with both online and offline approaches.



Delivery project ▪ Amazon has introduced Armada in India. The programme allows sellers on the platform to use their own delivery trucks. Meanwhile, Microsoft is investing in Southeast Asian ride-hailing firm Grab to collaborate on technology initiatives, including big data and artificial intelligence.



Gourmet destinations ▪ The parent company of gourmet food chain Dean and Deluca has formed an exclusive franchise tie-up with Lagardère Travel Retail, under which they plan to open 150 airport outlets across the world over the next five years.




Future thinking


Saving the planet ▪ Lidl Belgium has launched a home delivery service of groceries by bicycle in the city of Ghent. Across the channel, British supermarket leader Tesco will remove best before dates from hundreds of fruit and vegetables in its latest push to cut down on food waste.



Robotic cleaner ▪ Walmart has unveiled a new automated machine that will clean and polish store floors, that works similar to a self-driving car. The machine, which resembles a mini-robot, will free up staff time for customer service and is said to be rolled out from currently 78 stores to 360 additional locations soon.