X5 Retail intends to keep up with the demand for delivery and fast-order food, while Asda wades through Brexit uncertainty. Walmart looks good in the second quarter, and Amazon settles into another physical store. In Asia, Alibaba reaps the benefit of cloud focus. Meanwhile, retailers rock out at music festivals. Hope you have a great weekend!




Friday, 16 August 2019





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X5 Retail intends to keep up with the demand for delivery and fast-order food, while Asda wades through Brexit uncertainty. Walmart looks good in the second quarter, and Amazon settles into another physical store. In Asia, Alibaba reaps the benefit of cloud focus. Meanwhile, retailers rock out at music festivals. Hope you have a great weekend!




Europe


Convenient retailing ▪ Russian food retail leader X5 Retail is diving into the growing online market, as well as rising to the challenge of consumer demand for fast, convenient food. The business is looking to increase its presence in ready-to-eat and delivery services.



Future fears ▪ Asda has seen a modest growth in second quarter sales, thanks in part to a delayed Easter. However, the UK retailer has said Brexit concerns are affecting customer patterns, causing uncertainty and an 'almost six-year low' in confidence.



Reporting results ▪ Watch retailer Watches of Switzerland has raked in the revenue, with a GBP 209.4 million increase since its IPO listing. Meanwhile, the CEO of holdings company Steinhoff is looking to fight debt by cutting assets, with several jobs at its French business Conforama on the line.



Cage free ▪ The Polish leg of French multinational Carrefour is doing away with eggs produced by caged hens in its private-label range. The supermarket is working towards a larger strategy of 'food transformation,' and intends to make its entire line of eggs cage-free by 2025.




United States and Canada


Big plans ▪ Walmart has seen strong second quarter results, and has raised earnings expectations for the year, neatly avoiding tariff fears. The world's biggest retailer is also extending to nationwide grocery delivery in Canada through its partnership with tech company Instacart.



Amazon update ▪ Amazon is settling into another brick and mortar store, opening its fourth four-star format store in Seattle. The curated outlet features revolving stock assortments based on items rated over four stars by customers. The online giant is also helping third-party stockists to donate unneeded items to charity.



Special dates ▪ US discount giant Target is preparing for its anniversary collection with a sneak peek at the items it has selected for the sales event. The collection, which launches next month, intends to celebrate 20 years of designer partnerships, and features almost 300 items.




Asia and Africa


Seeing results ▪ Alibaba's quarterly revenue has exceeded expectations. The 42% jump in profits was spearheaded by the e-tailer's increasing investment in cloud and e-commerce ventures. The retailer's cloud business itself grew 66%, to USD 1.1 billion.



Cutting losses ▪ South Africa's Woolworths is exiting Ghana after the department chain closed the two stores it had in the country. Fellow South African retailer TFG will also be reviewing its stores in Kenya and Ghana, and is 'very cautious' about expanding into the rest of Africa.




Weekend inspirations


Retail rocks ▪ Woodstock may have happened half a century ago, but music festivals are as popular as ever. German hypermarket chain Kaufland had its debut at the legendary Heavy Metal Festival in Wacken, supplying 75,000 fans with food and drinks. Click here to see how fellow retailers let it rock at similar events (all captions in German).



Mall wars ▪ Westfield WTC, New York City's shopping mall epicentre, is spicing things up and increasing footfall with an immersive VR experience called The Void. Customers are already making the most of the experience, battling Darth Vader among other scenarios.