Ocado confirms talks with M&S
The online supermarket, Ocado has confirmed it is in talks with Marks & Spencer with regard to a ‘joint venture’ in the UK retail space. Shares in both firms have leapt at the news – which it is reported would see M&S pay around £900 million to Ocado for a 50% stake in the new venture. If it comes off, this deal would see M&S acquire a fully fledged delivery service, which it so far lacks.
Both firms issued identical statements confirming the news but would not be drawn on whether a deal will be made or the timing of that deal. The news is said to have excited investors, especially given Ocado’s own longstanding agreement with the John Lewis-owned Waitrose is set to end next year.
Read the full story here: https://www.theguardian.com/business/2019/feb/26/m-s-ocado-food-delivery-service-marks-spencer-waitrose
Shipping trends shaking up the online retail market
The way that goods are shipped after an online purchase is becoming an increasingly important part of the eCommerce decision making process. Retailers are facing new challenges in the space but four clear trends are beginning to emerge, reports eConsultancy.
An increasing willingness to purchase large and bulky items online has meant retailers are being forced to re-evaluate shipping methods – FedEx is currently said to be trialling solutions to this in the USA. Price increases, the need to offer extended pick up hours for shipping and a need to be smarter about how shipments are prepared, to prioritise protecting the item rather than it looking aesthetically pleasing are also challenging online retailers.
Read the full story here: https://econsultancy.com/four-big-shipping-trends-online-retailers-need-to-know-about/
QVC to offer shoppable social media content
The TV shopping channel QVC has joined forced with digital service Curulate to create shoppable content for its social media channels.
The shopping channel said it was continuously looking for new ways to get customers to shop with it and was keen to use its social media output in a more dynamic manner. Curulate already works with a number of household names including Louis Vuitton, TopShop parent company Arcadia and J Crew. Its technology takes regular images or videos and transforms them into shoppable posts, meaning QVC fans can quickly and easily purchase goods from intelligent shoppable image. The move comes as other retailers look how to better monetise their social media channels and drive purchases from social networks.