According to Reuters, Amazon shares fell almost 5 percent on Wednesday, wiping more than $30 billion off its market value, after news website Axios reported that the US President wants to rein in its growing power. Only a few days ago, we predicted that the Sherman Act could be invoked and now we learn that Trump intends to use it to shelter small retailers from being put out of business by Amazon.

AFR reported that Billabong has been finally acquired by the hedge fund which also owns Quicksilver.  The price tag was around $200 million.  Billabong’s CEO and Chairman made a claim that the brand will retain its original DNA, which is highly unlikely.  It takes about 3 years to dilute a brand under new owners.  Few have the skill to keep their hands off of their new acquisition.

AFR commented about Wesfarmers selling off Coles but retaining a controlling stake in Flybuys, because of the perceived high value of this “lucrative retail asset – data on shopping habits of 10 million Australians.”  We find it quite amazing to keep hearing the same claims, for nearly 25 years now, glorifying retail 101: recording who buys what and where.  Most retailers who have half-decent systems already capture such data and actually use it.

The New York Times published an article about a study conducted at The Gap.  The study revealed that more predictable and consistent hours aren’t just compatible with profitability, they can significantly improve a store’s bottom line. The average sale was 7 percent higher in stores that introduced consistent staff schedules, instead of rostering employees on an ad hoc basis.  This confirms how critical it is to have happy store teams.

CNBC reported that US retailers have so far announced about 1,700 new store openings for 2018.  Retailers such as Ulta Beauty, Dollar General, Target, Ross, and Warby Parker continue to expand their brick and mortar portfolios. Who said that brick and mortar has become obsolete?

Reuters reported that JD Sport in the UK has agreed to buy US retailer Finish Line for $558 million in cash. Finish Line is a listed company operating over 550 stores focused on selling premium multi-branded athletic footwear, apparel and accessories.  JD Sports has expanded overseas in recent years, gaining a presence in France, Spain, and South Korea. Growing demand for branded sports shoes and clothes has enabled JD Sport to become the UK’s leading sportswear retailer.

Inside Retail reported that the Cotton On Group (COG) has launched a portfolio-wide loyalty program in Australia, following rolling out the program in New Zealand, Asia, and South Africa. COG's GM of e-commerce Brendan Sweeney told IR that "Nobody else has anything that spans across the whole family of brands.” Behind this impressive technological and customer engagement feat sits the Retail Directions Platform, powering Cotton On's selling, loyalty, and retail ops worldwide.

According to Reuters, Aldi plans to grow its current 750+ locations in the UK to 1,000 by 2022, and its rival Lidl says it will increase its 700+ locations to as many as 1,500.  This tells us that a well-run supermarket chain wins, no matter in which country it operates, but it needs to have a strategic focus and absolute clarity about its value disciplines.  This is what Australian supermarkets lack and it is only a question of time before the first Lidl store opens down under, adding to the misery.  We have no doubt that the weather, ‘headwinds’, or ‘difficult market conditions’ will be to blame.

We have a lot of respect for the National Retail Federation (NRF), but we wish that sometimes they looked at the world from many angles, not just from a short-term perspective.  The NRF released a statement from its President stating that ‘the tariffs proposed by the US administration will punish ordinary Americans for China's violations.’  If American cars sell poorly in China because of a 20% tariff, while Chinese cars continue to arrive in the US with a 2% tariff, sooner or later those who make cars in the US will lose their jobs. What could be a harsher punishment than that?

Business Insider reported that Walmart has expanded its in-store robots to 50 stores.  The robots are mobile and can scan for out-of-stock or misplaced items as well as missing shelf labels.  We are surprised that with its multi-billion dollar spend on IT Walmart still cannot track its store inventory and needs to look at the shelves to find out of stocks.  Retailers we work with track their store inventory with ease…