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ICYMI AND WHAT WE ARE READING – February 2023

Updated: Feb 21, 2023



We make it easy for you to keep up to date with what's happening in the world of retail. Check out what we are reading this month and why.



 

Amazon going big on physical stores

With life returning to some sort of normalcy post covid, Amazon CEO Andy Jassy has confirmed the company is ready to double down on retail.


Despite acquiring Whole Foods for $13.7 billion five years ago, Amazon has yet to make significant gains in the US grocery sector.


It’s physical retail division represents 3.4% of Amazon’s business however it is a priority moving forward with plans to open more than 200 Fresh Stores fitted with checkout-free Just Walk Out technology.


 

The Warehouse Group partnering with McKinsey to reinvent itself

The Warehouse Group has undertaken a complete transformation, improving customer experience, upskilling employees and expanding its carbon neutral vision – all while growing its bottom line.


This transformation helped the business to achieve its highest annual profit in a decade, doubled its stock price and lifted its Organisational Health Index score to the second quartile.



 

Ampol’s ‘Glampol’ campaign launches to support LGBTQIA+

Throughout February, Ampol Coogee and North Bondi are getting a rainbow makeover and hosting activities including ‘Drag Baes Window Wash’ where Ampol employees will be joined by drag queens to wash customers’ windows.


The Glampol activations will help to raise funds for Minus18, an organisation that provides support to improve the mental health and wellbeing for LGBTQIA+ youth across Australia.



 

Low alcohol beer consumption has increase 750% in NZ

The brewing sector is seeing recovery that has bought back pre-pandemic levels with a market worth $3.3 billion in the year to last September.


Over the past few years, consumers’ have been transitioning to low and no-alcohol beers. Low alcohol beer has jumped to a 750% since 2019 with 38% growth over the past year, making the segment 13% of the entire beer market.


 

Chemist Warehouse launches 'disruptor' optometry chain

Chemist Warehouse has entered a new retail category with its first Optometrist Warehouse in Melbourne.


The eyecare chain is wanting to bring consumers high-quality, easily accessible and reasonably-priced eye care.


They will stock brands including Levi’s, Tommy Hilfiger, Marc Jacobs and its own exclusive house brand San Paolo.


 

What we are reading









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