USA news

25 May 2022
Walmart is expanding its partnership with DroneUp to new areas, providing it with the capacity to reach 4m households across six US states. This will also enable it to start monetising the service through developing a new revenue stream. Convenience driving usage Walmart launched its partnership with drone firm, DroneUp, last year, with the retailer also investing in the business. DroneUp o...
20 May 2022
US-based Albertsons is partnering with Veeve Smart Carts to launch smart carts in around a dozen stores across the country. The retailer is aiming to develop a fast, contactless experience for its shoppers. Skipping traditional checkouts A growing number of retailers are piloting smart carts to offer a checkout-free shopping experience. Veeve Smart Carts enable shoppers to place their items...
20 May 2022
In January 2021, Cencosud announced significant new investment plans, with a projected spend of US$1.8 bn between 2021–2023. The bulk of this was to be invested in refreshing its existing estate and expanding its store network. Then in Q4 2021, Cencosud registered a request for an IPO with the Securities and Exchange Commission (CVM), for the primary distribution of shares. Funds raised would ...
19 May 2022
Mirroring Walmart’s first quarter results, Target delivered a solid sales performance in Q1, but profitability came in below expectations. Having been one of the stars of retail through the pandemic, we look at what this could mean for the wider industry. First quarter key numbers Total revenue increased 4.0% to $25.2bn Operating income decreased 43.3% to $1.3bn Comparable sales up...
17 May 2022
Despite a solid sales performance in the first quarter, against tough comparables, Walmart saw a sharp hit on profitability due to higher costs. We look at the impact on its performance and its updated outlook for the year. Walmart's Q1 key numbers Walmart's total revenue in Q1 increased by 2.4% to $141.6bn, representing an additional $3.3bn Sales in its US stores increased by 4.0%, w...
10 May 2022
A round up of the latest developments in quick commerce. Unilever has partnered with on-demand automated store operator Robomart to launch a direct-to-consumer (D2C) service. Operators are focusing on expansion plans with Ocado launching its latest Zoom by Ocado site in East London and Zepto raising $200m to expand across India. Unilever signs deal with autonomous store operator Robomart ...
09 May 2022
Having started to build out a network of smaller format stores in 2015, Target has recently set its sights on reigniting its larger format store development pipeline. This includes developing a new mid-sized format. Recent focus has been on smaller format stores Target opened its first smaller format store, operating originally under the TargetExpress banner in 2014. Over the last eight yea...
03 May 2022
Amazon's net sales increased by 7% year-on-year (YoY) to $116.4bn and operating income decreased (59)% to $3.7bn for the first quarter (ended March 31). International business in decline Sales from Amazon’s international segment declined (6)% YoY, compared to North America which grew 8% YoY. Both the International and North American segments delivered an operating loss of ($1.6)bn and ($1...
03 May 2022
According to a report by The Wall Street Journal, Couche-Tard and EG Group could potentially merge, with the latter valued at around US$16bn. Where do the two businesses overlap? The convenience market in the U.S is highly fragmented, with approx. 150,000 stores trading. Couche-Tard is the second largest operator with about 7,150 sites, while EG has approx. 1,700 stores. The merger could he...
29 April 2022
Publix has become the first US grocery retailer to partner with Instacart to use the company’s new nano-fulfillment solution, Carrot Warehouses. 15-minute delivery The on-demand delivery company, Instacart, repositioned itself earlier this year as a retail enablement company. This saw the launch of the Instacart platform , which includes what it describes as a "nano-fulfillment solutio...