In the US, discounter Target assuages forecast fears, but warns about price hikes. Best Buy upgrades tech services with Apple, and Walmart welcomes hopeful new faces. Across the water, Tesco sorts out incorrect redundancy payments, and X5 Retail makes online trading easier. Meanwhile, Brazilian food retailer GPA expands its digital horizons. Read, share, and have a great day.




Thursday, 20 June 2019





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In the US, discounter Target assuages forecast fears, but warns about price hikes. Best Buy upgrades tech services with Apple, and Walmart welcomes hopeful new faces. Across the water, Tesco sorts out incorrect redundancy payments, and X5 Retail makes online trading easier. Meanwhile, Brazilian food retailer GPA expands its digital horizons. Read, share, and have a great day.




Europe and South America


Quiet plans ▪ The UK's Tesco is keeping quiet on arrival dates for its 'Finest' stores. According to CEO Dave Lewis the company is “not at a place where we are saying we’re going to open this shop or this many shops.” The grocer has also incorrectly funded redundancy payments, overpaying and underpaying hundreds of former employees.



Digital developments ▪ GPA is going to be opening a new e-commerce platform, and has the intention to double its customer base for that area by the end of the year. The Brazilian food retailer will be extending its push into the wholesale market through the digital platform.



Productive partnership ▪ Technology platform Omni, a subsidiary of Russia's X5 retail group, has joined hands with customs broker Unitrade. The deal will provide delivery services and customs clearance for international e-commerce product purchases, and will cut down on arrival times.




United States


Tariff concerns ▪ US discounter Target has assured no harm will come to profit forecasts after a power outage over Father's Day. However, concern has been expressed over impending tariffs on Chinese goods. If the proposed USD 300 billion charges go into effect prices will rise warns CEO Brian Cornell.



Repair service extension ▪ Best Buy has upscaled its service repertoire after tech giant Apple extended its authorized service network to almost 1,000 of the electronics retailer's stores. Best Buy will now have around 7,600 new technicians available to repair Apple products for customers.



Books and more ▪ Readers rejoice: Amazon's Kindle Oasis is getting a new colour scheme. The e-reader will now allow users to change the colour of the front light amongst other adjustments. Meanwhile, struggling bookstore chain Barnes & Noble reported mixed result for the quarter as it prepares to go private.



Entrepreneurial spirit ▪ Walmart's 6th Open Call for entrepreneurs saw 500 invitees descend on the world's biggest retailer's HQ. Hopefuls from across the world pitched products ranging from snack food to power tools, and over 600 buyer meetings were scheduled.




Asia & Australia


Under scrutiny ▪ Woolworths has bought a former hospital carpark in a Perth suburb, bringing hope for a retail revival in the area. Australia's leading supermarket is also under fire for its gaming business after it was revealed pokies players have been provided with free alcohol.



Opening up ▪ Toppen Centre, a 1.1 million square Malaysian shopping mall, is set to launch in Johor Bahru in November, attached to the city's Ikea. Meanwhile, Japanese coffee chain % Arabica will be hitting Singapore, with the first store to open later this month, and two more to follow.




Ethical action


Going green ▪ McDonald's Canada has revealed two locations, in Ontario and British Columbia, where it will test out new 'green concept' stores that try out alternative and packaging and recycling. The ideas include a fully re-pulpable cold beverage cup, and wooden cutlery.



Fashion steps ▪ UK fashion label Missguided has been slammed for a GPB 1 bikini, causing concerns over ethical manufacturing and worker pay. Net-a-Porter has launched Net Sustain, a project that compiles curated ethical products from the upscale online retailer's range.