Retailer's are digging in deep this week, with Alibaba looking to test a new market with Office Depot, and Sun Art Retail Group coming back from a profit drop. Amazon is keeping up with competition, and Primark prepares for its largest premise to date. Meanwhile, Spar and Coop take responsible actions. Enjoy the read!




Tuesday, 05 March 2019





Hello ,

Retailer's are digging in deep this week, with Alibaba looking to test a new market with Office Depot, and Sun Art Retail Group coming back from a profit drop. Amazon is keeping up with competition, and Primark prepares for its largest premise to date. Meanwhile, Spar and Coop take responsible actions. Enjoy the read!

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United States


Amazon update ▪ US online giant Amazon appears to be beefing up its online presence across the UK, as competitor Ocado builds up steam. According to analysts, the e-retailers stock is also a good look for investors, with a focus on gross profits.



Buying up ▪ Toy retailer the Children's Place, along with clothing company Gap, have bought up the remaining assets of specialty children's apparel chain Gymboree. The Children's Place's takings will include the chain's Crazy 8 brand, while Gap is securing the intellectual assets.


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Europe


Openings and rebrandings ▪ Dutch supermarket chain Jumbo is reportedly looking to open over 100 new stores in Flanders, with three Belgian openings planned before the end of the year. Meanwhile, Croatian retail brand Agrokor will be re-labelled Fortenova Group as of next month (paywall).



Drink up ▪ The German leg of soft drink massive, Coca-Cola, is pouring EUR 30 million into its Mannheim factory, for a new manufacturing line of returnable glass bottles. The line will be capable of creating 60,000 bottles per hour, and will package Coca-Cola, Fanta, Sprite and Mezzo Mix.



Big location ▪ Discount clothing franchise Primark is set to open its largest location worldwide. The 161,000sq ft outlet is set to open in the UK in Birmingham on April 11, and will feature a full range of clothing as well as three dining experiences.



Job cuts ▪ British bathroom retailer Better Bathrooms is going into administration, resulting in 325 job losses. Iconic shoestore Clarks will be closing its factory in Somerset, despite it only opening two years ago, causing 35 redundancies.




Asia and Australasia


Furthering horizons ▪ Online giant Alibaba is setting up a new e-retail website with US office supply retailer Office Depot in a partnership that will market towards smaller and middle tier companies in the US. Meanwhile, Swiss packaging company SIG Combibloc will be heading to India for a partnership with Kandhari Beverages.



Gains and losses ▪ Leading Chinese conglomerate Sun Art Retail Group is set to open 25 new locations in China over the rest of the year, with a push to return to positive growth after falling earnings. Hong Kong retailer Dairy Farm Group has also seen a profit drop after Southeast Asian restructure.



New beginnings ▪ Clothing retailer H&M is breaking fresh ground with its first store in Tauranga, New Zealand, set to open on April 4th. Meanwhile, Australia's independent IGA supermarket chain will be investing AUD 100 million in upgrades to recoup ground lost to competitors.




Looking Ahead


Eco action ▪ Dutch multinational Spar recently held a 'waste-free' conference concerning responsible retail practices. The conference was itself waste free and featured LED lighting and recyclable flooring. Meanwhile, Swiss wholesaler Coop is trialling reusable takeaway containers in a new project.



Tracking trends ▪ The retail world is changing shape, and businesses are turning competitive eyes to the tool of artificial intelligence. Meanwhile, the traditional roots of in-store sales are still going strong, with a study showing a larger percentage of participants spend more in-store than online.