The holiday season is approaching the United States - Walmart kicks it off with faster checkouts and digital maps, while fellow retailer Sprouts offers Christmas meals online. A British high street retailer buys an American airport chain, and another round of quarterly results is out, with plenty of good news for investors. Enjoy the read and feel free to share.




Wednesday, 31 October 2018





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The holiday season is approaching the United States - Walmart kicks it off with faster checkouts and digital maps, while fellow retailer Sprouts offers Christmas meals online. A British high street retailer buys an American airport chain, and another round of quarterly results is out, with plenty of good news for investors. Enjoy the read and feel free to share.

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US & Latin America


Getting serious ▪ Supermarket major Kroger and British online grocer Ocado have revealed details of the partnership deal that was first announced in May. Kroger is expected to order three customer fulfilment centres by the end of 2018 and 20 more during the next three years, which Ocado will develop and operate.



Reporting results ▪ Ebay beat the estimates with its quarterly earnings. The e-commerce major posted a 6% rise in revenue to USD 2.65 billion. Also topping Wall Street with its quarterly sales and profit was Coca-Cola due to growing demand for its sugar-free sodas, premium waters and sports drinks.



Holiday preparations ▪ Walmart will offer faster checkout at its stores and easier navigation with digital maps, as it gears up for the busy season. Beginning today, grocer Sprouts has launched online ordering of fully prepared holiday meals and after a long pilot, Schnuck Market plans to deploy shelf-scanning robots to at least 15 stores.



Digital decisions ▪ Brazilian food retailer GPA has signed an agreement with loyalty programme provider Livelo to boost its digital business. The grocer has also revised the entire portfolio and pricing policy of its private label range. Meanwhile, the number of Brazilians making grocery purchases online is up by 42%.




Europe


Targeting travellers ▪ British book and stationery retailer WH Smith has agreed to buy US chain In Motion, an airport-based travel accessories retailer. The deal sees the UK high street chain take over 114 stores across some of the busiest airports in North America.



Connecting retail ▪ German online fashion retailer Zalando is working on integrating 600 physical stores (in French) into its platform by the end of the year. The Berlin-based e-tailer says that the combination of online and offline distribution channels has many benefits for all parties involved.



Positive outlooks ▪ German skin care company Beiersdorf posted a 6% rise in organic group sales in the first nine months, while French cosmetics giant L'Oreal enjoyed a stronger than expected rise in third-quarter results thanks to a booming demand for its luxury brands.




Asia


Eyeing Vietnam ▪ Japan’s Fast Retailing has acquired a 35% share in Hanoi-based fashion brand Elise, which has more than 100 stores across the country. It is Fast Retailing’s first significant move into the Southeast Asian country since it announced it would launch its Uniqlo brand in Ho Chi Minh City next year.



Record profit ▪ Samsung posted a double-digit rise in operating profit to USD 15.5 billion in the third quarter thanks to sales of semiconductors and higher production. For the next quarter, however, the South Korean technology giant is expecting a decline.




Insider Insights


Focus on department stores ▪ While British icon Debenhams and House of Fraser struggle with losses, fellow retailers Harrods and Selfridges seem to go from strength to strength. Magazine Retail Gazette asked the experts about the developments on UK's high street.



Beating Bezos ▪ Accept that there are some things Amazon does that other retailers could never possibly compete with, and then try winning shoppers over, says online retailer Rent the Runway. The Progressive Grocer argues that traditional grocers shouldn't see Amazon Go as a competitor - yet.