Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung

Hello and good day!
We hope that most of you will have had the opportunity to enjoy a long Easter weekend. Find out what has happened around the world in the meantime, especially in the scope of mobile payments - China's Alipay and Xiaomi develop a wearable technology and ApplePay users often encounter hurdles at the checkout.  


asia & New zealand
Alipay wears Xiaomi bracelet   Alibaba affiliate Ant Financial and smartphone maker Xiaomi will jointly develop mobile payment systems using wearable technology, a first for China’s major tech firms. The Chinese e-commerce giant is also looking at acquiring Indian e-commerce firms ▪
Flipkart hiring on senior level   The Indian e-commere major has announced appointments to its senior leadership team and is set to hire another top engineer from Google for its commerce division. As it scrambles to keep its lead in the fiercely competitive e-commerce space, Flipkart will direct its biggest investments into technology. ▪
John Lewis to enter Philippine market   The British group John Lewis Partnership plans to expand internationally by opening outlets in 11 branches of department stores in the Philippines. ▪
Fonterra to increase payout  As lower global milk supply drives up prices, the New Zealand dairy co-operative is expected to increase its forecast payout to dairy farmers next season by enough to make production profitable for most farmers. ▪
Lidl to establish corporate offices in US   The discounter's market entry to the US is being further prepared with the acquisition of a condominium interest in Arlington, D.C. for US$ 56.6 million. ▪
Rising numbers for M&S and Booker   British retailer Marks and Spencer reported the first rise in like-for-like sales of general merchandise in more than four years. Here is what analysts say. +++ UK food wholesale operator Booker has noted like-for-like sales rising by 1.7% (paywall) in Q4. The majority of its sales continue to come through its cash & carry arm. ▪
EMV rollout asked to be delayed   The Food Marketing Institute (FMI) has written to major credit card companies asking to delay the October 2015 mandate for U.S. retailers to comply with the Europay, Mastercard Visa (EMV) chip-based payment card standard and move the deadline into 2016. ▪
Walmart aims to become local urban grocer   Seeking a stronghold in densely-populated cities, the retailer is increasingly investing in smaller-format stores in urban areas, looking to appeal to customers who shop for fewer items more frequently. ▪
RadioShack names new CEO and slims down   Ron Garriques, former executive of Dell, has been announced to be the new CEO of RadioShack after the electronics retail chain's acquisition through hedge fund Standard General. Under its new management, RadioShack will slim down to become an electronics convenience store of sorts. ▪
 mobile payment surveys
Smartphones are dominant device for mobile transactions   A new study by Criteo found that smartphones are now responsible for more than one-third of online transactions globally, and the growth of larger screen sizes and better mobile sites is only going to accelerate this trend. ▪
ApplePay users report problems   According to a study by Phoenix Marketing International, Apple's new mobile-payment system is failing to capture all of its potential business with two-thirds of users reporting problems using the service at the checkout counter.  ▪

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