Thanksgiving, the day when brick-and-mortar stores in the States are closed and families enjoy their turkey roast, went off to a flying start and online spending is expected to top USD 3.5 billion. Also featured in today's bulletin are Amazon's pop-up store in Berlin and other exciting concepts. Enjoy the read and have a great weekend.




Friday, 23 November 2018





Hello ,

Thanksgiving, the day when brick-and-mortar stores in the States are closed and families enjoy their turkey roast, went off to a flying start and online spending is expected to top USD 3.5 billion. Also featured in today's bulletin are Amazon's pop-up store in Berlin and other exciting concepts. Enjoy the read and have a great weekend.




Europe


Disruption in Belgium ▪ Dutch retailer Jumbo is to open its first stores in Belgium at the end of next year. LZ Retailytics wonders how threatening this is for established players and expects that price battles will intensify. Adding to that, Amazon has started to trial delivery drones in the country.



Growing in London ▪ British consumer collective Co-op has announced that it will launch 12 stores in UK's capital with a focus on fresh and healthy food. The news follows its GBP 45 million investment in a distribution centre in Bedfordshire, to support the ambitious growth plans.


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Exiting markets ▪ After reporting disappointing quarterly sales, UK-based international DIY retailer Kingfisher said it would pull out of Russia, Spain and Portugal. The loss-making Russian business trades from 20 stores, while the Iberian peninsula has 31 stores.




US & Canada


Festive kick-off ▪ The bargain hunt has begun with Thanksgiving e-commerce sales up to a bumper record. Real-time tracker Adobe expects a double-digit growth and says that as of 10am USD 406 million had already been spent. Canadian retailers are warning about delivery delays for online purchases as a strike of post employees continues.



Money matters ▪ Amazon is reportedly asking traditional brick-and-mortar stores and restaurants to start accepting its mobile payments platform, Amazon Pay. Meanwhile, troubled US bedding chain Mattress Firm, a unit of the Steinhoff empire, emerged out of bankruptcy with USD 525 million in funding.



Reporting results ▪ US department store operator Kohl's has reported a 1.3% net sales growth to USD 4,3 billion for the third quarter and raised its forecast, however, shares are down as analysts expected higher earnings. Bookstore chain Barnes & Nobles was able to narrow (paywall) its losses in the quarter.




Asia


Chinese commitment ▪ Urban Outfitter is set to grow globally and especially in China after the US lifestyle chain enjoyed strong sales in the Singles' Day shopping spree on Alibaba's e-commerce platform Tmall. It will also extend its footprint in Europe and the Middle East.



Wins and losses ▪ Chinese food delivery platform Meituan, backed by tech giant Tencent, has reported a net loss of USD 12.01 billion. Revenue, however, nearly doubled to USD 2.7 billion in the quarter and daily food delivery transactions increased by 48.5%.



Indian record ▪ Chinese electronics retailer Xiaomi claims to have opened 500 stores in one day in India last month and plans to open 5,000 Mi Stores, a smaller version of its Home stores, by the end of next year, aiming to forever change rural retail in the country




Image Gallery


Pop-up in Berlin ▪ Online giant Amazon will open a Christmas pop-up store on Berlin's shopping mile Ku'damm at the end of the month. On offer are its bestselling products as well as a lot of customer events. Click here to see how the Christmas shop looks like (captions in German).



Fresh approaches ▪ German grocer Rewe is testing a new concept under the banner 'Marktliebe' with fruit & vegetables dominant in the centre. Click here for pictures. Meanwhile, the recently opened Dustmann store in Dortmund is targeting style-conscious shoppers. Check out the holistic design (text and captions of both in German).