Weekly Global Retail News 4th of July 2021

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Ahold Delhaize :

Ahold Delhaize announced this morning it would open an automated e-commerce fulfillment center (EFC) in Philadelphia with the capability to prepare 15,000 online delivery orders a week for customers of its Giant Direct business.The new facility leverages the AutoStore microfulfillment technology through the logistics software company Swisslog, and will also use manual picking technologies of Ahold Delhaize’s Peapod Digital Labs, the company’s in-house e-commerce engine. It is part of an ongoing expansion of technologies meant to efficiently tackle online demand through a variety of means, such as traditional distribution centers; e-commerce fulfillment centers, including an ongoing evaluation of a Takeoff Technologies’ unit built inside of a Connecticut Stop & Shop store; and stores offering click-and-collect.

Home Depot Foundation :

According to WLNS, The Habitat for Humanity Capital Region (HHCR) announced today they received $28,000 from The world largest home improvement stores in the US under the Home Depot Foundation for critical repairs to local veterans’ homes. Three local veterans will have their homes made safe again with the funds, the HHCR said. Since 2011, The Home Depot Foundation has funded critical repairs on the homes of veterans across the country through Habitat for Humanity’s Repair Corps program.

Lowe’s :

 Lowe’s Canada, one of Canada’s leading home improvement retailers operating or servicing some 470 corporate and affiliated stores under different banners, is proud to present more than $1.2 million to Children’s Miracle Network and Opération Enfant Soleil to support the work of 14 children’s hospitals across the country for the fourth consecutive year. To raise this record amount, teams from Lowe’s, RONA, and Reno-Depot corporate and participating affiliated stores collected donations at checkout or sold tickets during the spring. Customers also had the possibility to contribute to the campaign on the banners’ websites, and Lowe’s Canada added to the amount raised with a corporate donation.

Lululemon :

The Vancouver-based retailer healthy lifestyle-inspired athletic retailer Lululemon is expected to report its fiscal first-quarter earnings of $0.90 per share, which represents year-over-year growth of over 309% from $0.22 per share seen in the same period a year ago. The apparel retailer would post year-over-year revenue growth of over 70% to $1.12 billion. In the last four quarters, on average, Lululemon has beaten earnings estimates by over 13%.

TJ Maxx :

reported better-than-expected quarterly results on Wednesday as mass COVID-19 vaccinations and the easing of restrictions encouraged more Americans to shop at its brick-and-mortar stores. Same-store sales rose by 16% at the chain’s outlets that remained open during the first quarter, compared with the level recorded in pre-pandemic fiscal 2020, driven by pent-up demand from U.S. customers who are flush with stimulus checks. TJX said second-quarter comparable sales trends at its open outlets were similar to the previous quarter, signaling a rebound in the business of off-price stores that rely heavily on the treasure-hunt shopping experience they offer.

Burberry :

Burberry has predicted it will take several years for long-haul travel to recover from the coronavirus pandemic, with the absence of wealthy tourists a severe blow to its UK shops. In normal times a shopping trip to Burberry would be on the itinerary of international visitors but the hiatus caused by Covid-19 meant the luxury retailer’s sales in its home market were more than 50% down on 2019 levels in the year to 27 March 2021.

Presented By: Jalal JIHAZI

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