Delivery competition is heating up in the US, with grocer Kroger working on a concept to get the goods to its online shoppers in half an hour. Fellow retailer Target follows suit by expanding curbside service to over 1,400 stores, and Amazon is adding more planes to its fleet to meet the demand for prompt delivery. Enjoy the read!




Wednesday, 19 June 2019





Hello ,

Delivery competition is heating up in the US, with grocer Kroger working on a concept to get the goods to its online shoppers in half an hour. Fellow retailer Target follows suit by expanding curbside service to over 1,400 stores, and Amazon is adding more planes to its fleet to meet the demand for prompt delivery. Enjoy the read!




Asia


Strategic changes ▪ Ahead of its second stock listing in Hong Kong, Chinese e-commerce conglomerate Alibaba is reorganizing its management and business. Chief financial officer Maggie Wu will oversee the firm’s strategic investments unit, and its supermarket division, Freshippo, will become a standalone operation.



Tesco's targets ▪ The British grocer says it could open 750 new convenience stores in Thailand, where it currently operates 1,583 outlets. In Britain, the retailer told investors that it plans to include more upmarket supermarkets such as Tesco Finest, and a tenfold increase in plant-based ready meals to fuel growth.



Entering China ▪ US wholesaler Costco will open its first brick-and-mortar store in the Chinese mainland, taking on Walmart's Sam's Club in a bid to win over the country's high-end shoppers. Luxury brand Prada also targets 'sophisticated consumers' with the launch of an online flagship on JD.com.




Europe & Africa


Experiments and expansion ▪ Carrefour has opened its own version of Amazon Go in its head office near Paris, where the chain is trying out facial recognition among other things. The French multinational plans to grow in East Africa, with franchisee Majid al Futtaim announced to enter Uganda.



Big loss ▪ In a delayed earnings report, African retailer Steinhoff, which is also listed in Frankfurt, has finally posted a EUR 1.2 billion loss for its 2018 fiscal year. The owner of discount furniture chains in four continents blamed one-off expenses including professional fees and impairments.



Cutting prices ▪ British supermarket operator Sainsbury’s has reduced prices on over 1000 own-brand products, including daily essentials and household items. The reductions were part of the grocer’s focus on reducing prices across its highest volume lines, says the company's food director.




United States


Delivery wars ▪ Amazon is leasing an additional 15 cargo aircraft from GE Capital Aviation Services to make fast delivery a reality. Supermarket operator Kroger trials a 30 minute service to get the goods to its online shoppers, and discounter Target expands its curbside pick up to over 1,400 stores.



Lifestyle label purchase ▪ Home furnishing retailer Crate and Barrel, a unit of Germany's Otto Group, has acquired San Francisco-based boutique brand Hudson Grace, which is known for its tabletop and entertaining essentials. Crate and Barrel aims to grow the brand into niche markets and online.



Outsourcing services ▪ Walmart continues trimming its corporate and back-office operations to become a leaner business. Currently, the retailer is reducing the staff at its head office in Charlotte, outsourcing finance and accounting work to New York-based firm Genpact, axing nearly 600 jobs.




Strange but true


Money matters ▪ Facebook wants to become a financial service provider and plans for a global cryptocurrency called Libra, which will let consumers buy things or send money to people. The social network's subsidiary Calibra is said to handle the dealings and protect users. Click here for details of the concept.



Sustainable collection ▪ British fast-fashion retailer Boohoo is set to launch its first dedicated recycled fashion range. The fabrics are created from plastic directed away from landfill and repurposed to produce new yarn, and should mirror the companies responsibility to be a sustainable business.