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September 3, 2018

MediaMarktSaturn and Fnac Darty forms European Retail Alliance

German consumer electronics retailer MediaMarktSaturn Retail Group has partnered with electrical retailing company Fnac Darty to launch European Retail Alliance (era).

German consumer electronics retailer MediaMarktSaturn Retail Group has partnered with electrical retailing company Fnac Darty to launch European Retail Alliance (era).

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
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  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
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Both the companies have signed a joint venture agreement in May to establish the new alliance.

The companies have a reach of more than 2.3 billion customer contacts annually and a turnover of over €30bn.

MediaMarktSaturn CEO Pieter Haas said: “The core idea of era is the conviction that in times of ‘digitisation’ and ‘Amazonisation’, retailers and their industry partners should work together and pool their expertise and strengths.

“Only together can we achieve reach and relevance on a par with the big international players from Asia and the USA.”

era is established to focus on four areas –  Strategic Partnerships, Data, Innovation and Sourcing.

Under Strategic Partnerships, era will work with manufacturers to develop products, services and solutions for retailers.

“The ‘era Data’ will enable the alliance to identify customers’ choices and work accordingly to develop and offer products customised to their needs.”

The ‘era Data’ will enable the alliance to identify customers’ choices and work accordingly to develop and offer products customised to their needs.

The alliance will focus on the Retailtech Hub startup programme through era Innovation, as well as own and licenced brands through era Sourcing.

Fnac Darty CEO Enrique Martinez said: “For companies today, the customer must be at the focus of all considerations and activities.

“We must meet the customer’s needs in the best way possible, anytime and anywhere. This can only be achieved through close cooperation with manufacturers and brands, with digital innovation being as prominent as the circular economy and after-sales services.”

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.