Asda union workers will be staging a protest after disagreements over a new contract, while Co-op will be collaborating with students in an upcoming store. Canada's Metro Inc. will be increasing tech services, and in Korea Starbucks continues to pull in high profits. Meanwhile, delivery drivers may have found a new window for packages. Read on, and have a great day.




Thursday, 15 August 2019





Hello ,

Asda union workers will be staging a protest after disagreements over a new contract, while Co-op will be collaborating with students in an upcoming store. Canada's Metro Inc. will be increasing tech services, and in Korea Starbucks continues to pull in high profits. Meanwhile, delivery drivers may have found a new window for packages. Read on, and have a great day.




Europe


Contract obligations ▪ Asda is under fire from the trade union GMB over a new contract. The union has called out the UK grocer for 'bullying tactics,' and has stated 93% of its members within the retail company oppose the contract. The GMB will be holding a protest outside Asda House in Leeds.



Top changes ▪ British apparel chain Superdry has appointed Nick Gresham as its new permanent CFO after the industry veteran joined in an interim capacity. DIY retailer Homebase has hired former Kingfisher director, Ian Penney, as the new head of bathroom retailer Bathstore.



College collaborations ▪ UK supermarket collective Co-op is teaming up with the student union from Newcastle University to open its first franchise store in the north east. The move will provide jobs for students of the university who will run and manage the location.




United States and Canada


New strategies ▪ In the aftermath of Macy's second quarter miss, the department store retailer is looking into resale and rental options. The business is also applying cloud-based solutions in a new Ohio distribution centre, along with some aid from Google.



Fast tracking ▪ Canada's Metro has seen a strong third quarter, with sales up 12.8% from last year, largely boosted by Jean Cortu Group. However, they just fell short of analyst expectations. The retailer intends to boost deployment of tech services such as self-service checkouts in a bid to reduce labour costs.



Big purchase ▪ Rent-A-Center has completed the purchase of competitor Merchants Preferred, a deal which will increase the furniture and electronics rental retailer's hold on the USD 20 billion market. Joe Corona, CEO of Merchants Preferred, will also be joining the Rent-A-Center team.




Asia


Ups and downs ▪ Starbucks Korea has seen a 28% yearly jump in operating profits for the first half reports E-Mart, Korea's largest discount store chain and 50% stakeholder in the coffee franchise in Korea. On the other hand, Japan's c-store giant 7-Eleven has seen its first downturn in almost a decade.



Sporting investment ▪ Joseph Tsai, co-founder and executive vice chairman of Alibaba, is closing in on a 51% stake in the US's National Basketball Association. Tsai already took a 49% stake in the NBA from Russian investor Mikhail Prokhorov. The move would reportedly value the association at USD 2.35 billion.



Solid concept ▪ Indian steel-making company Tata Steel is bringing metal straight to consumers with a steel retail store. The location, called Steeljunction, will focus on steel products catering to four key areas including home decor, gifts, tools, and more.




Weird and wonderful


Good aim ▪ An Amazon customer in Leicestershire received a delivery in an unexpected way, when a package of light-bulbs was lobbed through an open upstairs window. The customer remarked that the incident was 'hilarious' and that the driver must have been 'very confident,' though they may have felt differently had the light-bulbs been damaged.



Conscientious efforts ▪ German discounter Penny will be adding supply chain traceability to its pineapples and organic bananas in order to meet growing customer interest in food origin. Meanwhile, Spanish retailer El Corte Inglés has revealed that 98.5% of its energy was sustainably sourced in 2018 .