numbers, numbers and more numbers - a lot of retailers reported their most recent results, some with strong performances such as Walmart others with worrying forecasts like J.C.Penney. But this issue is not only about financial announcements. Check out the latest developments in the delivery sector and what Amazon is up to. Enjoy the read and have a relaxing weekend.




Friday, 17 August 2018





Hello ,

numbers, numbers and more numbers - a lot of retailers reported their most recent results, some with strong performances such as Walmart others with worrying forecasts like J.C.Penney. But this issue is not only about financial announcements. Check out the latest developments in the delivery sector and what Amazon is up to. Enjoy the read and have a relaxing weekend.




US & Mexico


In fighting shape ▪ Watch out Amazon - Walmart posted its best quarterly results in a decade. Its e-commerce business delivered a whopping 40 % gain in sales. Upscale retailer Nordstrom also beat the estimates with a solid growth in Q2, while department store operator J.C. Penney reported disappointing results. Overall, US retail sales rose more than expected in July.



Moving into movies ▪ While arch-rival Walmart is humming along with impressive results, Amazon is gearing up to make more moves into the brick-and-mortar world. The unstoppable online giant is reportedly in the run to acquire Landmark Theaters, which claims to be America's largest chain of art house movies.



Delivery developments ▪ Supermarket operator Kroger has started testing driverless grocery delivery with technology partner Nuro in Arizona. After raising USD 250 million in a funding round, San Francisco-based meal delivery service Doordash, backed by Japan's Softbank, is now valued at USD 4 billion.



Focus on fuel ▪ Walmex, the Mexican unit of Walmart, is set to open gas stations alongside its domestic stores, joining other private companies that are now competing with Pemex, the country’s former monopoly fuel seller. It will start with six sites, installed in shopping centres or parking lots of its stores.




Europe


Adding businesses ▪ Always on the lookout to expand into lucrative sectors, online powerhouse Amazon is working on plans to launch an insurance price comparison website in Britain. The move would be a major foray into the region’s financial services. Three industry executives are reportedly involved in talks.



Ups and downs ▪ British multinational home improvement retailer Kingfisher's B&Q and Screwfix divisions experienced a good “sales recovery” for the quarter, while German consumer goods firm Henkel lowered its forecast for 2018 after falling exchange rates dented its Q2 results.



Redundancies talks ▪ Jobs are at risk at Debenhams as rumours about a possible takeover continue to circle. The embattled department store’s redundancy talks are expected to result in around 90 staff losing their jobs across its fashion and home departments, stripping out layers of management.




Asia


Going public ▪ Parenting platform Babytree, backed by e-commerce giant Alibaba, plans to raise up to USD 1 billion in a Hong Kong initial public offering in October. The company claims to be China’s largest maternity and child-focused online community and had 139 million monthly users last year.



Slowing down ▪ Chinese e-commerce major JD.com posted a loss due to increased spending and said it could affect profit forecasts. The disappointing result comes a day after top shareholder Tencent reported its first profit drop in 13 years amid rising competition in China’s online market.




Weekend reads


Burning cash ▪ A number of European retailers reported negative 'Economic Value Added' in their last business year, which means they might have been burning investors' money. German Retail Blog takes a closer look at the issue and talks to professor Marcel Corstjens how it affects the business.



Local and rural ▪ Domestic small-format operators in Eastern European countries are emerging with highly localised sales concepts. LZ Retailytics provides insight and evaluation of the affluent retail 'hinterland' with a special focus on retailers such as X5 Retail. Click here for the free report.