On May 20, 2019, Ascena Retail Group announced the closure of its Dressbarn business.
On May 14, 2019, Kroger and Lindsay Goldberg, a private investment firm, announced a collaboration to form an investment vehicle named PearlRock Partners.
Insights from Alibaba’s Newly Released “The New Chinese Goods Project”: Alibaba Empowering Chinese Brands to Grow at Home and Abroad
Alibaba set five goals to empower Chinese brands, including helping 700,000 Chinese brands to sell overseas through Tmall Global, Lazada and AliExpress.
The latest development of increasing tariffs for Chinese goods adds uncertainty to US-China trade negotiations, although it appears to be a negotiating tactic: Turning up the heat on China immediately before crucial talks.
On April 25, 2019, the UK’s Competition and Markets Authority blocked the planned merger of Sainsbury’s and Walmart-owned Asda, which are, respectively, the UK’s second- and third-largest grocery retailers.
Amazon is planning to close its China domestic marketplace but still plans to continue its cross-border e-commerce operations, sell Kindle e-readers and continue to operate its AWS business.
On April 11, 2019, Walmart announced plans to acquire the assets and technology of Silicon Valley-based advertising-technology startup Polymorph Labs for an undisclosed amount.
On April 1, 2019, nonprofit organization Goodwill Industries of Greater New York and Northern New Jersey (Goodwill NYNJ) announced a partnership with technology startup Price Technologies (Price) to offer more opportunities for shoppers to buy secondhand items.
Ocado Inks Another International Deal, Signing Up Australia’s Coles Group to the Ocado Smart Platform
Ocado Group has signed Australian grocery retailer Coles to its Ocado Smart Platform. The companies will construct two robotic fulfillment centers and Coles will deploy Ocado’s store-picking technology.
On March 13, 2019, Fung Retailing Group’s convenience-store chain, Circle K, rolled out Hong Kong’s first AI-powered checkout solution using image recognition.
St Patrick’s Day Celebrations Look to be a Modest Event for Retailers, Despite Rising Numbers of US Celebrants
St. Patrick’s Day captures a lot of attention, but its retail impact is small compared to other holidays: Consumers plan to spend $40 on average for St. Patrick’s Day this year, less than a quarter their planned $162 Valentine’s Day spend.
Amazon plans to close 87 of its pop-up stores by the end of April, a company spokesperson confirmed to the Wall Street Journal. The pop-ups sell other brands of Amazon consumer electronics products, and their existence underscores Amazon’s willingness to experiment with various retail formats and make changes based on data collected.
Alibaba Group’s business-to-business (B2B) trading platform Alibaba.com announced a strategic collaboration with the US business services and supplies company Office Depot.
Amazon is reportedly planning to expand its presence in the U.S. grocery market through building new stores to be operated under a banner other than its acquired Whole Foods Markets and with a more typical product offering. Amazon is also considering the acquisition of several region chains. At the same time, the company is expanding its fleet of Whole Foods Market and Amazon Go stores.
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