Month of April
Several news items from last week mentioned how e-commerce worldwide continues to grow as a fast, efficient way for people to buy what they want when they aren’t willing to go look for it at a conventional retailer. Amazon doesn’t let traditional retailers catch their breath, not only in the USA but on the other side of the Atlantic as well; it is also driving the creation of similar companies in other continents, such as Africa, or making electronic payment methods evolve more rapidly.
The retail market tends to criticize electronic business, but according to Blake Pomeroy or Koss Real Estate, the rise of the principal technology is responsible for the evolution of retail trade and publication [sic] of e-commerce.
According to a recent study carried out by Adyen, when shoppers come across a retail outlet that does not use their preferred payment method, 55% will spend less or go elsewhere. However, a series of layered factors can be involved in payment preferences.
The “Future of Retail Intelligence” report from Geoblink, Location Intelligence, states that although shopping centers focus on strategies to become something more than just a place to buy things, commerce is not in line with commerce [sic]. In fact, 72% of the retailers interviewed say that they opened their own online store, and there is currently recognition of the power that physical stores maintain as a point of sale.
Since shortly after it was created in 2012, Jumia has become the largest online shopping platform in Africa and, in fact, you [sic] have earned the nickname “Amazon of the African Continent”, after becoming the latest technology company to be included in the Market on Wall Street.
Amazonia, the company worth most on the world stock exchange, is duking it out with eight South American countries in a major battle for a piece of cyberspace, symbolic value and economic potential. This scene is leagues away from the origin of the conflict, Amazonia, the largest tropical forest in the world. Both parties are tangled up in lawsuits over the Amazon domain, over who manages and who uses the term Amazonia in English online.
Facebook, Microsoft and Amazon. The turn has come for three technological colossi on Wall Street which has [sic] made significant gains in 2019 following a strong correction at the end of last year. However, this is a specific market moment that deserves to be analyzed independently.
Casino Group and Amazon announced that they are expanding their association in France. Specifically, there will be Amazon lockers in 1,000 supermarkets and smaller grocery stores throughout France. Casino Group partnered with Amazon last year to launch Monoprix on Amazon Prime Now. Principal [sic] members in Paris can order groceries and other products found in the Monoprix supermarkets and receive them within a couple of hours.
From February 5 to 19 of this year, coinciding with the Chinese new year, 45,000 Chinese visited our country; 250,000 Chinese, who form the Chinese resident community in Spain and who spend more than 250 million euros in Spain at businesses, hotels, restaurants, recreation and culture.
Pedestrian traffic on streets of the primary shopping areas of Spanish cities with more than 300,000 residents by [sic] 3.5% in the first trimester, while at shopping centers, potential customer traffic dropped by 4.9%. Pedestrian traffic comes in at 4.1% in the streets of major shopping areas of Barcelona and 3.9% in Madrid, according to a study by TC Group Solutions.
The textile chain Primark, part of the Associated British Foods (ABF) group, serves as [sic] an adjusted operating profit of 426 million pounds (491 million euros) in the first half of its fiscal year, which represents an increase of 25% over the same period last year.
Amazon closed its books on the first quarter with revenue of 3.560 billion dollars (3.195 billion euros). That is 120% higher than the company’s performance in the first part of 2018.
This past Thursday, the British competition regulator blocked the merger of the supermarket chains Walmart, and Sainsbury’s, while it could at the same time improve prices for consumers. Last April, both companies announced their intention to merge into a single group, the combined value of which would be more than 10 billion sterling pounds (11.5 billion euros).
- In Spain, El Corte Inglés is the ‘market’ where more shopping money is spent but Amazon is preferred
El Corte Inglés is the ‘market’ where more shopping money is spent in Spain, through the American giant Amazon which continues to be the preferred way to shop among Spaniards, according to the annual ‘marketplaces’ study of 2019 carried out by Tandem. Specifically, the report states that Spaniards spend an average of 48.5 euros on these platforms.
To help retailers and brands plan for 2019, I am interviewing my financing applicants to discover how their 2019 forecasts will affect business, for our series: Applying 2019 forecasts to retail business”.
Is there some retailer where you shop regularly but never pay full price? For example, there is a home goods store that my wife and I visit every few months. Even though we are loyal customers, we still make sure to take a coupon before leaving for the store. The retailer sends us coupons all the time, so it would be crazy to buy anything without using one.
A dark gray robot rolled down the aisle of the store, beeping and flashing a yellow light while cleaning the concrete floor between a glass [sic] of two-liter sodas and racks holding swimsuits. Several aisles down, a tall white robot equipped with LED lights and cameras for scanning shelves performs a virtual inventory of green beans and inventories a cup of ramen.