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Alibaba, Starbucks to open store in Shanghai; Tod's debuts on Tmall platform

TOP NEWS

* Chinese e-commerce behemoth Alibaba Group Holding Ltd. and coffee giant Starbucks Corp. will open a two-story, 30,000-square-foot Starbucks Reserve Roastery in Shanghai. The interactive store will feature a Princi Italian bakery and three different coffee bars and will use Alibaba's Taobao mobile app to deliver an augmented reality experience.

* Leather goods distributor Tod's SpA rolled out its products in Alibaba Group Holding Ltd.'s e-commerce platform Tmall and its luxury portal Pavilion. The Italian company's unique items were featured exclusively for three days in Tmall's luxury portal as part of its brand introduction.

TEXTILES, APPAREL AND LUXURY GOODS

* U.S. sportswear brand Under Armour Inc. appointed David Bergman as CFO, a post he has occupied on an interim basis since February. Michael La Guardia will assume the role of senior vice president of digital product, effective Jan. 8, 2018. The co-founders of its fitness arm MyFitnessPal, Mike Lee and Albert Lee, will leave the company in January to pursue "their next entrepreneurial ventures."

MULTILINE RETAIL

* Retailer Target Corp. rolled out an in-app system called Wallet that serves as a payment platform for customers and processes checkout transactions. The tool also combines discount offers digitally and provide deal alerts in one place.

* Discount store chain Big Lots Inc.'s CEO, David Campisi, is on medical leave after being hospitalized following the U.S. retailer's third-quarter earnings call. The company's board of directors assigned Campisi's executive responsibilities to Chief Merchandising and Operating Officer Lisa Bachmann and Chief Administrative and Chief Financial Officer Timothy Johnson.

E-COMMERCE

* LVMH Moët Hennessy Louis Vuitton SE's leather goods brand Céline will launch a French e-commerce portal on mid-December, Women's Wear Daily reported. The new version of celine.com, which will offer the label's full product range, reportedly will be available next year in Europe and the U.S., and reach Japan in 2019.

* Global retailer Amazon.com Inc. launched its Australian retail operations, confirming news reports. The e-commerce giant's product range includes clothing, electronics and cosmetics. It also offers free shipping.

HOUSEHOLD AND PERSONAL PRODUCTS

* Consumer goods giant Procter & Gamble Co. appointed Benjamin Binot as CEO for its operations in France, Belgium, the Netherlands and Luxembourg, Retail Detail reported. Binot will succeed Christophe Duron, effective Jan. 1, 2018, the report added.

* French perfume distributor InterParfums SA, a unit of Inter Parfums Inc., and Michael Kors Holdings Ltd.-owned British fashion label Jimmy Choo PLC extended their partnership to Dec. 31, 2031. The U.S.-based retailer's chairman and CEO, Jean Madar, said the long-term alliance will allow the companies to develop Jimmy Choo's beauty division, along with expansion to new product categories.

FOOD AND DRUG RETAILING

* Food retailer Kroger Co.'s supermarket chain QFC partnered with San Francisco-based delivery service provider Instacart to offer home delivery from some of its stores in Washington and Oregon. The program is available for 40,000 products through a delivery link on QFC's online portal, and orders will be delivered by Instacart within a preferred one-hour time slot.

* Centric Health Corp. President and CEO David Cutler will step down from his role, effective Jan. 31, 2018. Chairman Jack Shevel will act as CEO while the Canadian healthcare provider conducts an executive search and will assume the position on a permanent basis if a new CEO has not been found by Cutler's retirement date.

* Grocery operator Costcutter tapped Nisa Retail Ltd. as short-term wholesale supplier following Palmer & Harvey's collapse, Retail Gazette reported. The deal reportedly will be until the retailer signs a new agreement with Co-operative Group Ltd., which will take effect in the spring of 2018. Nisa also inked a short-term deal with McColl's Retail Group plc after Palmer & Harvey's fall into administration.

SPECIALTY RETAIL

* French electronics retailer Fnac Darty SA confirmed its cooperation with retailer Carrefour SA in the purchase of electronic goods such as domestic appliances and consumer electronics in the country. The agreement, which may see both companies secure better terms from suppliers, will come into effect in 2018, Fnac Darty said.

INDUSTRY NEWS

* U.K. consumers resisted splurging on Black Friday deals as buoyant inflation and the first interest-rate increase in a decade weighed on discretionary spending, a study by the British Retail Consortium and KPMG showed. Retail sales rose 1.5% year over year in November, or 0.6% on a like-for-like basis. The remaining weeks of 2017 will be crucial for retailers.

* Thirty-nine percent of U.S. shoppers are inclined to gift experiences such as wine tastings, event tickets and spa treatments for the holiday period instead of merchandise, the NPD Group's 2017 Holiday Purchase Intentions Survey showed. The study also found that younger shoppers and families with an annual net income of more than $75,000 are more likely to buy experiential gifts.

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