Online news

 

22 May 2020
JD.com’s recent Foodie’s Carnival shopping event saw 27,000 tons of fresh products sold in just over one week, including 4,531 tons of imported fresh goods. Brought together more than 6,000 global brands The online festival, held between 11 and 17 May, brought together more than 6,000 global brands selling in excess of one million seasonal fresh products. The highlights are: Increa...
21 May 2020
The rapid growth in ecommerce penetration has been one of the defining features of the coronavirus pandemic. Faced with increasing demand, retailers have been looking at temporary and longer-term solutions to boost capacity.  We recently sat down with the co-founders of Takeoff Technologies, one of the leading firms in the online grocery hyperlocal, automated micro-fulfillment space. We discussed...
21 May 2020
Facebook has launched a new feature on Facebook and Instagram, Facebook Shops, to help small businesses sell online. Facebook Shops The new feature is available for businesses to set up an online store for customers to access on both social media platforms. It is free for businesses to create a store, and they are able to choose their own featured products and customise the look and feel of...
21 May 2020
We look at ecommerce developments in the United Arab Emirates, Saudi Arabia, and Qatar. UAE: Noon.com launches next-day delivery Online marketplace Noon.com has launched noon Daily, a next day grocery delivery service, in Dubai. The service was developed to provide shoppers with a safe and fast grocery delivery service for essential supplies during the coronavirus (COVID-19) pandemic. Avail...
21 May 2020
Co-op has formed a new partnership with irish start-up Buymie to offer same-day grocery deliveries to over 200,000 households across Bristol.  The move is the first partnership in the UK for Buymie whose mobile app allows customers to book personalised online home grocery deliveries. The news follows Co-op’s announcement on 5 May that it is rapidly accelerating its online expansion as it...
21 May 2020
We review Target’s first quarter performance, including the impact of the coronavirus (COVID-19) pandemic. Target’s key numbers Target’s total revenue in Q1 increased by 11.3% to $19.6bn. Comparable sales increased 10.8%. Comparable digital sales were up 141%. Operating income was down 58.7% to $468m. Source: Target 1. Shopper needs changed throughout the quarter ...
20 May 2020
Following the outbreak of Coronavirus (COVID-19) in January, retailers in China have responded with urgency and empathy as the situation evolves - we will continue to update this article with the latest developments... May updates Second lockdown: the cities of Jilin and Shulan in Jilin province, with more than five million populations, have been put on lockdown since mid May after the...
19 May 2020
As Walmart discontinues Jet.com, we look at how the retailer plans to go it alone with Walmart.com. $3.3bn deal brought several benefits Walmart acquired Jet.com in a $3.3bn in 2016. The deal brought four key elements into the Walmart business. These included: Access to a more affluent, young and urban customer group, mainly located on the US east coast Technology capabilities, inc...
19 May 2020
Alibaba is closing its Freshippo Fuzhou Bona Plaza and Chating International stores, withdrawing from Fuzhou the capital city of Fujian province in China. Demand and supply chain challenges Freshippo mainly caters to middle and high-end consumers. Despite Fuzhou having a high consumption level, the absolute values of these groups are limited, unlike Shenzhen for example. Fierce competition ...
19 May 2020
Following closure in April due to a court ruling, Amazon is reopening its warehouses in the country after reaching an agreement with workers’ unions. Reopening of six warehouses In April, Amazon closed its six warehouses in France following a court order to ensure safety measures to protect workers against coronavirus (COVID-19). The retailer will now reopen its warehouses this week after r...