Wal-Mart increases stake in Chinese e-commerce giant
Wal-Mart Stores keeps upping its investment in JD.com.
The discounter has increased its stake in the Chinese online company to 12.1%, (worth about $4.87 billion), from the 10.8% stake it had in October, and the 5.9% stake it had in June of last year, according to a report by Business Insider.
Walmart seems confident of JD.com’s ability to remain one of the top players in China’s e-commerce market, where sales are projected to hit nearly $6.4 trillion a year by 2025, the report said.
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Grocery chain shifts to end-to-end supply chain systems
Disparate systems have no place in the age of “on demand” shopping.
To continue serving its increasingly demanding shoppers — and fuel its continued expansion — Smart & Final is replacing its homegrown solutions with an integrated end-to-end merchandising, planning and execution solution from JDA Software Group.
The new architecture will enable the chain to meet future demands of retail, adopt practices that will improve inventory performance, and enable a customer-centric approach to respond to shopper expectations.
Smart & Final will deploy capabilities within the JDA Merchandise Planning & Assortment, JDA Demand Management, JDA Category Management, JDA Price & Promotions Management and JDA Commerce solution areas. The scalable architecture will streamline promotions, demand and fulfillment, giving Smart & Final a more accurate view into supply and demand, and allowing the chain to adapt to daily changes in demand signals and immediately re-align the supply needs.
“As the age of customer-centricity drives ever-increasing expectations from consumers, everyone throughout Smart & Final is hyper-attentive to the needs and wants of the consumer at all times,” said Ed Wong, senior VP of supply chain and CIO, Smart & Final. “As we continue our growth, we established an approach to further advance our supply chain planning and merchandising processes.”
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Kroger buys iconic New York specialty grocer
The Kroger Co. has acquired a New York City-based retailer of specialty cheeses and meats.
The supermarket giant has purchased Murray's Cheese, which was founded in 1940. Financial terms of the deal were not disclosed.
Kroger also bought the three Greenwich Village retail condominium units that house Murray’s home base. The five-story, 22,000-sq-ft. building, which is also home to a bakery, was owned by Murray’s Cheese.
The two companies entered into a partnership in 2008, opening in-store Murray’s cheese shops in a handful of Kroger stores. Currently, 350 Kroger-operated stores nationwide feature a Murray’s shop.
“For cheese lovers and connoisseurs, it doesn't get more authentic than Murray's," said Rodney McMullen, Kroger's chairman and CEO. "Our customers are excited to buy the unique offerings of Murray's Cheese right in our stores, and we're excited to ensure this iconic cheese shop will remain a part of the Kroger family for many years to come."
Murray's former owner and president, Rob Kaufelt, will remain affiliated with the business as a strategic adviser.
"When I set out on this journey, my goal was simply to run the best cheese shop in Greenwich Village,” said Kaufelt. “I'm proud that we've been able to maintain the spirit and service of a mom-and-pop neighborhood shop amidst our growth into the national market.”
Kroger purchase of Murray's
I have been in the retail business for many years and see the revolving door turning "back to the future" where authenticity is coveted by the customer. Our group has been in business for nearly 67 years under the direction of one family. The "Neighborhood" grocer is wanted by young and old alike--not only for the food but for the "back to the future" experience. The trick is the authenticity of the product AND the people--people who know and love the products they are selling. Murray's is a perfect example. Now it's up to Kroger to make sure that the product is not lost either in the quality and the place in it's larger footprint where the product is presented to the customer. The old "department" from the original Department Stores comes to mind. This is the way our business is once again trending. Good luck Kroger. Contact me should you have questions. Don DeSalvo A General Partner The Cafaro Company [email protected] 206 979 1724