Partnerships were making headlines last week, with both Google and Amazon continuing to play to their strengths while trying to get a bigger piece of the pie. Google is pushing more into the eComm grocery space, while Amazon gets the rights for NFL Thursday Night Football.
Kroger makes a splash at their Investor Day, making some pretty bold claims. They have some serious work ahead of them to achieve their goals, and I am sure plenty of doubters. While we think the timeline is aggressive, we certainly wouldn’t bet against them.
In other news…
Trader Joe’s does good as Autism Awareness month kicks off, delivery companies might literally be a dime a dozen soon and it was the ship we couldn’t stop talking about. All that in this week’s QuickWit:
It was a big week for digital partnerships:
Google & Albertsons publicly share their blossoming relationship, we are very interested to see how this duo will improve the online grocery shopping experience – complete with personalization. That being said, we know Google isn’t into monogamy and will continue to see other people (like Kroger).
Meanwhile, Amazon has grabbed the exclusive rights to Thursday Night Football games through its streaming service. They have also secured another alliance with the NFL to carry an expanded range of league-related merchandise. This comes on the heels of a deal with Musicians for exclusive merchandise sold via Amazon Music.
Kroger came out swinging at their annual Investor Day:
Kroger threw a major stake in the ground in the world of retail media, as they announced their play to dominate the market. They already have a leg up on the competition via their data and analytics heritage and data asset (60 Million Households with 95% card penetration).
Kroger also mapped out its strategy for Ocado, as it is their play for a profitable delivery model. During Investor Day last week, it was mentioned that an Ocado shed is profit neutral by year 2 and profitable by year 3. It will be interesting to see how different 2021 will be, compared to 2020, when it comes to grocery eComm? Perhaps this was the reason Kroger had neutral guidance for the year?
How many Delivery services does anyone truly need?
Glovo, the Spanish delivery app raised 450 million euros in a fundraising round that will help it expand in the 20 markets that it operates in Europe.
Deliveroo did not see the same success, as their IPO was dubbed the “worst in London’s history” as billions were wiped off its value. Has delivery ‘jumped the shark’? How many are truly needed? Or, perhaps this was this just extremely bad timing? Any newer delivery companies are certainly taking note.
It was the gigantic ship that couldn’t…
While the stuck container ship made global headlines and was part of countless memes, this recent example truly demonstrates just how precarious the global supply chain is. Before this recent incident there was already talk of ‘choke points’ at various ports throughout the world. The impact is going to be much more than a delay for your new Peloton.
Trader Joe’s working to make a difference
With it being Autism month it is nice to see a retailer incorporating technology to help those with disabilities shop easier. This isn’t about turning profits or boosting sales, it is just a retailer doing some good in the world – lets hope others follow suit. Earlier in the year, Trader Joe’s revealed a three-pronged effort to ramp up its diversity and inclusion credibility, this is a great first sign of things to come.
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