Category Archives: Retailer News

Amazon Go – What Is It & How Does It Work?

Amazon Go is a brick-and-mortar grocery store The Seattle-based store will open to to the public in 2017 The store features 'Just Walk Out' tech and works with an app You can just walk in to Amazon Go, grab items, and leave There's no need to wait in line or even check-out at a register https://youtu.be/NrmMk1Myrxc Amazon has described Amazon Go as "a new kind of store with no checkout required". That means, when you shop at Amazon Go, you'll never have to wait in line. The Read more [...]

M&S to cut 60 clothing and home stores & 53 International Stores (2100 employees)

From BBC - http://www.bbc.co.uk/news/business-37906466 Marks and Spencer has announced that over the next five years it will have 60 fewer clothing and home stores, of which 30 will close down. The rest will be turned into food stores and chief executive Steve Rowe also plans to open 200 new Simply Food shops as part of turnaround plans. The retailer said it would also exit 10 loss-making international markets. Its announcements came as M&S reported falling sales and profits in the six Read more [...]

Tesco Bank Breached

From BBC - http://www.bbc.co.uk/news/business-37891742 Tesco Bank's chief executive has blamed "a systematic, sophisticated attack" for the money taken from 20,000 of its customer accounts. Benny Higgins said the bank knew "exactly" what the attack was, but could not say more because it was part of a criminal investigation. He said all affected customers would be refunded by the end of Tuesday. About 40,000 accounts saw suspicious transactions over the weekend, of which half had money taken. The Read more [...]

Sean Clarke to be Asda’s new chief executive

Walmart has appointed its China boss Sean Clarke as Asda’s new chief executive, replacing Andy Clarke who will step down at the end of July. Asda said Andy Clarke had “decided the timing is right to step aside from his role with the company” after six years as chief executive and 20 years with the grocer overall. Sean Clarke will join as Asda’s chief executive and president on July 11. Sean Clarke began his retail career at Asda in 1996. Since then, he has worked at an Read more [...]

Amazon’s most profitable quarter ever!

Amazon's hardware division and Amazon Web Services stood out to give the world's biggest online retailer its most profitable quarter ever. The Seattle-based company posted a net income of $513 million, or earnings of $1.07 per share for the first quarter, recording its fourth straight profitable quarter. This is in stark contrast to the company's reported loss of $57 million four quarters back and a marked deviation from analysts' EPS projection of 58 cents. Gross revenue stood at $29.13 billion, Read more [...]

Aldi Starts Selling Wine Online

Aldi have launched a site selling wine online. From looking at the cookie we can see they are using a JEE application, which points towards Hybris as we know they are developing their Grocery site on Hybris. Aldi have placed their wine site very prominently on aldi.co.uk home page. The Aldi online wine store launched today (19 January), with the retailer offering home delivery for the first time to UK shoppers. More than 90 wines will be available online and customers will be able to choose Read more [...]

Sainsbury’s bids for Argos and Homebase (HRG)

I enjoyed working at Sainsbury's for 18 months and Argos / Homebase for over a year, so this is particularly interesting for me. Both use IBM WebSphere Commerce. HRG definitely has a more mature Multichannel operation, but Grocery is a very different beast to General Merchandise, so they can both learn a lot from each other. I will be watching with interest! Here is an article from Internet Retailing. There was a similar article in the FT yesterday, but it said it could not work out what each Read more [...]

Big 4 Supermarkets Cutting Ranges

Research from market intelligence specialist IRi has shown how different product categories are suffering from major supermarkets’ recent campaigns to cull their ranges. IRi has released data showing that the number of chilled food lines in supermarkets was down 2% year-on-year in the six months to July 2015. OTC and healthcare was down 3.6%, whilst the number of BWS (beers, wines, spirits) lines decreased by 2%. Martin Wood, Head of Strategic Insight for Retail at IRi UK, said “So Read more [...]

Asda’s Sales Slip & Trigger “Project Renewal”

Yesterday Asda, a subsidiary of the US behemoth Walmart, announced that like-for-like sales had slipped 4.5% in the thirteen weeks to September 30. That’s little better than the 4.7% dip in its previous quarter, its worst in 50 years. All of its major rivals are struggling but it seems that none has been hit quite so hard by the rise of Aldi and Lidl, which Kantar says grew by 16.5% and 19% respectively in the period. ‘There’s no doubt this represents another challenging quarter,’ said Read more [...]

Poundland Shares Plunge After 99p Stores Purchase

Poundland shares have plunged an unprecedented 17% to an all-time low as the company revealed the poor state of the 99p Stores portfolio it has just bought. Chief executive Jim McCarthy also admitted that recent trading had been tough due to the warm autumn, store refurbishments are costing more than expected, currency fluctuations are affecting the bottom line and the new national living wage will hit profits next year. Shares fell 48p to 230p. Pre-tax profits crashed 26.3% to £9.3 million Read more [...]