Retail DECODED
Previous edition: 29 Nov 2023
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Comment & Opinion
Expert comment/opinion in reaction to Apple announces opening NFC
Test automation’s crucial impact on e-commerce profitability
Louise Owen of Roq explores how Quality Engineering and automation drive a 35% increase in retailer conversion rates by identifying and eliminating bugs.
Signal: Amazon strengthens as market weakens, with cost-cutting and renewed shopper focus
Cost optimisations, including extensive layoffs, slower hiring rates, and logistics “regionalisation”, have helped to boost Amazon’s operating margin from 2% to 7.8%.
Retail resilience in the modern age
GlobalData invited retail industry experts to discuss the chaotic state of the economy, consumer resilience, supply chain challenges, and advice on using AI technology.
Coles extends Quiet Hour across stores to five days a week
Australia-based supermarket chain Coles has extended Quiet Hour, the low-sensory shopping experience at its stores, to five days a week.
Majority of US consumers are dissatisfied with retail mobile apps
Mobile app development company Bryj has surveyed 1000 consumers in the US on their attitudes and preferences towards using retail mobile apps.
Shoprite reports first quarter sales growth of 13.2%
South African supermarket chain Shoprite has reported a 13.2% increase in the group’s consolidated sales for the first quarter (Q1), which ended in September 2023.
UK consumer price index decreases to 4.6% in October 2023
The UK’s consumer prices index (CPI) annual inflation rate dropped 4.6% in October 2023, according to data released by the Office for National Statistics (ONS).
Kingfisher rolls out AI-powered DIY assistant for home improvement
UK-based retailing company Kingfisher has rolled out its first artificial intelligence (AI)-powered assistant in the home improvement segment.
Loblaw reports retail segment sales growth of 5.0% in Q3 FY23
Canada-based food and pharmacy retailer Loblaw has reported a total revenue of C$18.26bn ($13.34bn) in the third quarter (Q3) of fiscal year (FY) 2023.
Target posts net earnings growth of 36.3% in Q3 FY23
US retail corporation Target has reported net earnings of $971m in the third quarter (Q3) of fiscal year (FY) 2023.
Signal: Amazon strengthens as market weakens, with cost-cutting and renewed shopper focus
Cost optimisations, including extensive layoffs, slower hiring rates, and logistics “regionalisation”, have helped to boost Amazon’s operating margin from 2% to 7.8%.
US Black Friday sales rose 2.5% YoY, extending 2022’s double-digit growth
Jewellery and apparel emerged as the top gift sectors of 24 November.
Canadian retail sales dropped 0.6% in September 2023
Four of nine subsectors in Canada recorded increased retail sales during the month.
CBI survey shows UK retail sales volumes down YoY in November 2023
The decline was at a much lower pace of 11% compared with 36% in the year to October.
Decathlon buys German online outdoor retailer Bergfreunde
Bergfreunde will continue to operate as an autonomous and independent subsidiary.
Groupe Casino increases its stake in Cnova to 98.8%
The acquisition aligns with the group's financial restructuring programme and with a simplification of Cnova's ownership structure.
Signal: What has driven Abercrombie & Fitch's Q3 success?
A&F's brand glow-up, better performing supply chains, and reduced inventories continue to drive record sales increases.
Sony faces $7.9bn lawsuit in UK for abusing dominant position
Sony is alleged to have imposed restrictive terms and conditions and/or technical restraints on customers.
UK retailers redirect food donations to 57 million charitable meals
These donations have helped cut waste and reduce emissions from food production and transport.
In our previous edition
Retail Decoded
Signal: Amazon strengthens as market weakens, with cost-cutting and renewed shopper focus
28 Nov 2023
Retail Decoded
Signal: Amazon strengthens as market weakens, with cost-cutting and renewed shopper focus
27 Nov 2023
Retail Decoded
Signal: Amazon strengthens as market weakens, with cost-cutting and renewed shopper focus
24 Nov 2023
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