USA news

25 November 2020
Building on their existing strategic relationship, Kroger and Ocado are expanding their collaboration to include in-store fulfillment. Improving channel economics The extension of the partnership will see Kroger optimise Ocado’s in-store fulfillment solution. This includes proprietary software that supports associates in assembling orders, making it easier and more efficient to find product...
24 November 2020
Following a solid second quarter performance, The J.M. Smucker Company has raised its guidance for the full year, anticipating many of the new consumer behaviours which have underpinned the business, will be sustained beyond the pandemic. Improvements in key metrics In raising its sales outlook, the retailer pointed to the elevated demand which drove a 9% increase in its coffee segment and ...
24 November 2020
The world’s largest convenience chain 7-Eleven continues to drive innovation. We provide the latest trading updates from U.S, Australia and Japan. U.S: 7-Eleven opens fifth Evolution Store 7-Elven has opened its second Evolution Store in Dallas and the fifth in the country. Located at 9750 Walnut Hill Lane, the new store features Laredo Taco Co., self-serve beverages on tap, fresh bakery, m...
20 November 2020
Walmart plans to acquire the talent, technology platform and IP of JoyRun, a technology start-up based out of Silicon Valley, which operates a peer-to-peer delivery platform. Optimising local networks JoyRun essentially enables users to pickup and deliver items for friends and neighbours. It is used as a last-mile delivery platform by more than 500 companies, with over 30,000 people serving...
19 November 2020
Amazon announced it has launched Amazon Pharmacy, a new store allowing customers to purchase prescription medications on Amazon’s website or app for delivery. Amazon Pharmacy Amazon Pharmacy allows customers to complete pharmacy transactions online, with the aim of offering a convenient solution. Prime members receive free two-day delivery from the pharmacy store. Amazon also said Prime mem...
18 November 2020
With Target reporting growth of over 20% in Q3, we look at what’s underpinning its success and the outlook heading into 2021. Third quarter key numbers Total revenue increased 21.3% to $22.3bn Operating income to 93.1% to $1.9bn Comparable sales up 20.7%, with traffic up 4.5% and average ticket up 15.6% Comparable store sales up 9.9% Digital comparable store sales up 155%, wi...
17 November 2020
We review Walmart's third quarter performance and the outlook for the business as it prepares for the holiday trading period. Walmart's key numbers Walmart's total revenue in Q3 increased by 5.2% to $134.7bn Operating income increased 22.5% to $5.8bn Sales in its US stores increased by 6.2% to $88.4bn and by 8.3% to $15.8bn at Sam’s Club US comp store sales increased by 6.4%, wi...
17 November 2020
The divestment of 85% of its stake in Seiyu in Japan is the most recent of several retrenchments globally for Walmart. We look at how this move aligns with its international strategy and what it means for the business going forward. Last new market entry in 2011 With nine years having passed since Walmart’s last entry into a new market, its recent round of international divestments should c...
16 November 2020
With over 1m new cases reported in the US over the past six days, several retailers are reactivating their COVID-19 playbooks with capacity and product limits. Precautionary measures The US continues to experience a rapid growth in COVID-19 cases, with many states reporting their highest new case levels since the start of the pandemic. Although there have not been any signs of a repeat in t...
11 November 2020
PepsiCo has opened an automated micro-fulfillment centre (MFC) in the Chicago area in partnership with Dematic. First-mover advantage? PepsiCo is one of the first consumer goods suppliers to open a micro-fulfillment centre in the US. The fulfillment model has gained significant traction over recent years, with several strategic partnerships being formed to support the fast-growing grocery e...