Walmart has announced it will be making a listing for its Japanese business, and Stop & Shop creates jobs in New York. Across the water, Ikea takes on the issue of affordable housing in the UK, while storm clouds gather on the country's economic horizon. Read, share, and have a great day.




Thursday, 27 June 2019





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Walmart has announced it will be making a listing for its Japanese business, and Stop & Shop creates jobs in New York. Across the water, Ikea takes on the issue of affordable housing in the UK, while storm clouds gather on the country's economic horizon. Read, share, and have a great day.




United States


Changing stakes ▪ Walmart has announced plans to list its Japanese supermarket business, Seiyu, while remaining invested in the establishment. The world's biggest retailer has struggled to maintain growth in the country, and believes listing a minority stake in Seiyu will aid in building the company.



Central opportunities ▪ Stop & Shop, the US leg of Dutch grocer Ahold Delhaize, is targeting growth in the central New York area. The supermarket aims to fill 1,250 part-time positions all told. They are looking to add several more associates per store, with the goal of improving customer experience.



Discount competition ▪ In the wake of online retailer Amazon's extended Prime Day, discounter Target and e-commerce heavyweight eBay are running their own sales schemes. Target is holding 'deal days' on July 15 and 16 and, unlike Amazon, no memberships are required. eBay is also having a 'crash sale' on major brands.



Controversial action ▪ Employees of Wayfair are staging a walkout in protest of the US home furnishings company selling bedroom furniture to Texas detention centres. Meanwhile, the US Supreme Court has ruled against Tenessee's prohibition-era requirements for liquor retailers.




Europe and South America


Home improvement ▪ Swedish flat-pack giant Ikea has received the go-ahead to develop affordable housing in the UK. Worthing Council will be collaborating with Ikea co-owned property developer BoKlok to build 162 flats. Development will begin in 2020, with buyers able to move in the following year.



Supply and demand ▪ Swedish clothing retailer H&M has hit a sustainability milestone, topping sustainable cotton charts, with 75% of its cotton sourced from licensed Better Cotton Initiative farmers. UK fashion and homeware retailer Matalan has announced 200 new job opportunities at a warehouse near Liverpool.



Brazil restructure ▪ French multinational retailer Casino has revealed an overhaul of its business in South America. Brazilian Subsidiary GPA will be purchasing all shares in Colombian retailing company Almacenes Exito SA. GPA runs Brazil's largest supermarket chain, among other retail ventures.




Asia


Market goal ▪ Alibaba's online marketplace Tmall Global now has an English-language website targeting merchants. The Chinese online powerhouse has a goal of making Tmall Global accessible to a wider range of sellers, and aims to double the platform's international brands over the next few years.



Online restructure ▪ Australian grocer Coles is working on ways to make its online side more profitable, tightening its delivery windows, and changing up its pricing structure. Currently its online business pulls in around AUD 1 billion per year, but Click and Collect and home deliveries come at a high price for the supermarket.




Warning signs


Boots talks ▪ British health and beauty giant Boots warns the future is looking bleak for the country's retail sector, and could be heading for a recession. According to Seb James, managing director of Boots, 'the storm clouds are gathering ... We need to be ready'.



Falling sales ▪ A recent survey has shown the UK's June sales have slid the most since 2009, still in the years of the Great Recession. Results from the Confederation of British Industry’s monthly sales balance were at -42 for June. Far below Reuter's optimistic estimate of -10.