Snapshots of 2018 retail news from our website.
JD.com opening the new 7Fresh supermarket in China represents the perfect integration of online and offline businesses, which is why the format’s technological innovation sets one of the future standards for retail and distribution.
Revenue netted by the Italian version of private label brands, Marca del Distributore has exceeded €10 billion for the first time in Italy’s fast-moving consumer goods sector. Sales are up and these products now represent 18.7% of what Italian consumers place in their trolleys and purchase.
The robots are coming withBuy On Line Pick Up In Store (BOPIS). Zara has entrusted machines with the management of goods returned under right of withdrawal. BOPIS purchasing now accounts for a third of the global online sales for the Inditex group brand.
A Lightspeed EPOS survey revealed that Britisher customers are willing to wait up to seven minutes in a queue for items in a store: seven minutes is the limit they are prepared to wait before leaving the store. And according to analysts at 451 Research, this is the reason behind $37 billion in lost sales in the USA.
The Sainsbury’s-ASDA merger created the biggest British retailer. 58% of the new company is held by Sainsbury’s and 42% by Walmart, which bought ASDA back in 1999. This is one of the largest M&A deals in retail in 2018, up there with the acquisition of Costa coffee shops by Coca-Cola and Walmart’s investment in Flipkart.
Two Retex events in Milan illustrated the rEvoluzione in the food and beverage sector and the improvement Italian luxury goods need to make in China.
Kroger, the American retail giant, focused on delivery services to increase online sales by 66% in the second quarter. Over 1,200 stores guaranteed delivery within two hours, plus Kroger has 1,165 collection points.
Lidl’s goal of opening fifty new supermarkets in Britain a year requires planning permission from local authorities. But local councils will only grant planning permission providing that the building of the new stores includes a development that could be beneficial to the local community.
Amazon’s, operating losses ensure market leadership. Our analysis of the business model of the world’s largest non-retailer. Operating losses, cash flows, stock exchange successes, and tax evasion.
2018 sees B2C eCommerce increase by 16% with online purchases in Italy hitting €27.4 billion in 2018 (source: POLIMI Observatory). This is the highest ever level of growth and represents a €3.8 billion increase compared to the same period in 2017. A chapter of American history closes with SEARS chiude un pezzo di storia americana.
Shopping marathons on the Chinese Singles Day and over the Black Friday weekend produce mind-boggling figures. In the United States 165 million Americans shopped over the five-day nonstop retail bonanza from Thanksgiving Day to Cyber Monday. Shopping also produced positive sales figures in Italy.
Users browse but don’t buy on social media. A GlobalWebIndex report provides a snapshot of a major phenomenon – consumers around the world spend two hours and twenty-two minutes per day on social networks and messaging. But social media has yet to take off as a sales tool and still produces marginal sales by digital and non-digital natives.