retail news in context, analysis with attitude

City AM in the UK reports that "Tesco has filed a trademark for the name Tesco Now," leading to speculation that the retailer intends to launch a one-hour delivery service there.

According to the story, the move follows Amazon's rollout of its similar Prime Now service there.

Tesco has not confirmed that it intends to launch a one-hour delivery service, saying instead that it trademarks a number of names and concepts.

• The National Retail Federation (NRF) is out with holiday projections, saying that average spending per person is expected to reach $805.65, comparable with spending last year ($802.45); that almost half of holiday shopping will be done online, with average consumers saying that 46 percent of their shopping will be done online, up from 44.4 percent last year; that 21.4 percent of smartphone owners will use their device to purchase holiday merchandise this year, the highest seen since NRF first asked in 2011; and that nearly half (46.7%) said free shipping/shipping promotions are important factors in their decision on where to shop.

• The New York Times reports that Procter & Gamble "is teaming up with EDF Renewable Energy to build a wind farm in Texas that it says will power all of its North American plants that manufacture home care and fabric products. Those facilities make some of the company’s best-known household items, including Tide, Febreze and Mr. Clean."

It is said to be " Procter & Gamble’s biggest foray into wind power, and is the latest in a burst of partnerships between major American corporations and renewable energy companies."

Time reports that "a consortium of more than 80 American companies including Walmart, Alcoa and Coca-Cola have agreed to a White House-led plan to combat climate change, the Obama administration said Monday, as the president ramps up his climate plan. The companies have signed a pledge to support the landmark Paris climate negotiations set for the end of this year, reduce their emissions and increase low-carbon investments, according to a White House announcement."

According to the story, "The 81 companies, which also include American Express, Dell, GE, General Mills, McDonald’s, Nike and other household names, employ over 9 million people and have a market capitalization of over $5 trillion. Each company is committing to specific goals, like reducing emissions up to 50%, reducing water usage by as much as 80%, purchasing 100% renewable energy and pursuing zero net deforestation in supply chains, the White House said."
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