Cannabis-based products seem to be a promising new prospect with Walmart being the first major retailer to show an interest in joining Canada’s burgeoning marijuana industry. Google partners with a tech retailer to create an interactive shopping experience, and in Germany electronics company Bosch collaborates with a major retailer for a van-sharing service. Enjoy the read!




Wednesday, 10 October 2018





Hello ,

Cannabis-based products seem to be a promising new prospect with Walmart being the first major retailer to show an interest in joining Canada’s burgeoning marijuana industry. Google partners with a tech retailer to create an interactive shopping experience, and in Germany electronics company Bosch collaborates with a major retailer for a van-sharing service. Enjoy the read!




Europe


Comeback in France ▪ Newly founded company Jellej Jouets was chosen as the buyer for the French subsidiary of Toys R Us, which runs 44 stores in the country and has been in receivership since late July. The new owner, created by Cyrus Capital Fund, will also take over the 1,036 employees of the embattled toy chain.



Coffee partnerships ▪ Netherland-based Jacobs Douwe Egberts, owned by JAB Holding, is in expansion mode. The company has acquired Sweden-based coffee business Jobmeal, while in Italy the beverage giant has agreed to a licencing deal with coffee roaster Illycaffè to produce and distribute Nespresso-compatible coffee pods.



Recruitment decisions ▪ British major Sainsbury's is looking for 11,500 seasonal staff for the upcoming Christmas rush. Fellow retailer Marks & Spencer has hired former Tesco exec George Wright to head its fresh food division and has also made a raft of changes to its senior food team as it aims to re-energise its grocery arm.




US & Canada


Promising prospects ▪ Walmart’s Canadian unit is exploring the possibility of selling cannabis-based products but has no immediate plans to get into the business. The country is on the verge of becoming the first major economy to legalise recreational marijuana on October, 17.



Smart demo ▪ Internet giant Google partners with tech retailer b8ta to let people know what they’re getting themselves into before they commit to buying an expensive smart home product. The two companies plan to create an interactive experience around Made by Google products.



Fresh looks ▪ After a two-and-a-half day conversion period, Missouri-based grocer Schnuck Markets is set to reopen nine of 20 Shop ‘n Save stores that were recently purchased from Supervalu. Fellow retailer and Ahold Delhaize unit Food Lion plans to unveil 63 upgraded stores in Virginia.




Asia & Australia


Global ambition ▪ Japanese conglomerate Fast Retailing is teaming up with logistics firm Daifuku in a global strategic partnership and will invest USD 885 million to automate its warehouse and distribution system. Last Friday, its popular clothing chain Uniqlo opened its largest Southeast Asian store in Manila.



Thriving overseas ▪ Alipay, the payment arm of Chinese e-commerce giant Alibaba, could more than double its transaction volume over the Golden Week holiday period. The company claimed that its platform processed 2.2 times as many in-store payments overseas over the past week compared to last year.



Record results ▪ Australian-based online fashion retailer MySale has reported a double-digit profit rise to AUD 85.7 for the year to June 30. The e-tailer, which offers shoppers significant discounts on major luxury brands, has reportedly made improvements to its technology platform.




What to watch


Hometown hero ▪ American grocer Kroger operates nearly 2,800 stores in 35 states and was recently crowned 'Retailer of the Year'. Click here for an in-depth analysis of how the company has radically transformed its business to be successful alongside non-traditional retailers like Amazon.



Electric switch ▪ Germany's Robert Bosch is launching an electric van-sharing service in collaboration with Toom, a unit of retailer Rewe. Customers can hire these vehicles to transport bulky purchases from Toom's hardware stores. The move comes as German cities aim to switch from diesel to electric cars.