E-retail is getting a shake-up today, with Amazon lifting a controversial retail ban, and Alibaba securing another stake in a courier company. Ocado is getting ready for quick deliveries, and a digital tax may help save the dying high street. Meanwhile, the world of legal cannabis grows more significant. Have a great week!




Tuesday, 12 March 2019





Hello ,

E-retail is getting a shake-up today, with Amazon lifting a controversial retail ban, and Alibaba securing another stake in a courier company. Ocado is getting ready for quick deliveries, and a digital tax may help save the dying high street. Meanwhile, the world of legal cannabis grows more significant. Have a great week!




United States and Latin America


Amazon update ▪ On Monday a source revealed the e-commerce leader will lift its ban on retailers who sell on Amazon from offering lower prices on other platforms. This comes after the ban was called into question for raising antitrust issues and market exploitation.



Not good enough ▪ A Monday report has shown retail sales in the United States took an upturn in January after the massive December slump that overshot forecasts. However, the lift will not be enough to turn the tide of the country's slowing economy.



Drink up! ▪ Beverages are leading the way, with drink giants Coca-Cola, Pepsi, and Nescafé the most successful retail brands in the world according to Euromonitor. Coca-Cola takes the top place with sales at around USD 35 - 45 billion, with their largest market being Latin America.



Big openings ▪ Iconic menswear label Jos. A. Bank has reinvented its Manhattan flagship (picture gallery). The new store experience features 17 ft ceilings and encapsulates the brand's age and modern appeal. Meanwhile discount fashion business Ross Stores keeps up its breakneck expansion with 100 stores well under way for 2019.




Europe


Fast service ▪ Upcoming online heavyweight Ocado is testing out its new one hour delivery service. Ocado Zoom will see customers receive their orders up to an hour after ordering. It is powered by same-day delivery platform Stuart UK and is being tested in West London



Store struggles ▪ A British minister is extending the 2% tax on digital services to online stores, in an attempt to save the UK's high street retail. Many stores are ailing, with department stable Debenhams in a GBP 150 million refinancing debacle, and sportswear retailer Evans Cycles confirming eight store closures amidst Sports Direct's takeover.



Making moves ▪ French multinational Groupe Casino has announced the sale of an EUR 501 million portfolio of properties to US fim Fortress Investment Group. Meanwhile Lithuanian retailer Maxima Grupė has set up a new sourcing branch in Warsaw.




Asia


Alibaba news ▪ In a USD 693 million move, tech giant Alibaba is taking a 14% stake in STO Express Co Ltd, a Chinese courier service. This is the latest major investment Alibaba has made into a courier business in the country. Meanwhile cryptocurrency firm ABBC Foundation, also known as Alibaba Coin Foundation, has agreed to stop using the Alibaba name after a lawsuit.



Expanding borders ▪ German grocer Metro has expanded into Myanmar, with a virtual store that offers delivery. The logistics warehouse is outside of Yangoon. On a similar note, 'Made in Italy' branded exports hit an all time high in China last year.




Looking Ahead


Eco action ▪ Switzerland's largest retailer, Migros, is partnering with the Swiss World Wildlife Fund for a project to see strawberries sustainably farmed in Spain. Dairy company Arla Foods is going hard on carbon, aiming to reach carbon neutrality by 2050.



Future produce ▪ Legal cannabinoid products are positioned to be worth up to USD 16 billion by 2025. This year's Natural Products Expo in California showcased hundreds of CBD and hemp products, including gummy bears. There was also a focus on educating retailers for the new and booming industry.