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

Hello and good day!
Online marketplace Etsy has gone public with a bang. Apple is expanding its environmental efforts in China by investing in a new solar power project and a number of European and international companies have published their results. Enjoy our Friday issue and have a relaxed weekend.

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China
Alibaba to improve transparency   After competing in mobile payment, online retail, and taxi-hailing, Chinese internet giants Tencent and Alibaba have taken their battle to a new field - government smart city initiatives. The two firms are said to improve administrative efficiency and transparency.  ▪
Asos targets Chinese customers    Britain's largest independent online fashion retailer is developing mobile apps to deliver specifically to the Chinese market and has teamed with retail technology specialists Red Ant. The apps will be launched this summer. ▪
Apple invests in China solar project    The US tech giant is expanding its environmental efforts by investing in a new Chinese solar power project and preserving 36,000 acres of “sustainable” timberland in Maine and North Carolina.  ▪
europe
Major job cuts at Morrisons and Mothercare   Britain's fourth largest supermarket chain is to axe more than 700 head office jobs. At the same time Morrisons has announced to  hire 5,000 extra floor staff  to boost customer service +++ Retail company Mothercare plans to cut up to 140 manager jobs as part of an overhaul of the loss-making UK chain. ▪
Sainsbury restructures instore   The supermarket operator plans to convert a significant proportion of its food space to nonfood. The retailer is also developing a new instore smartphone app aiming to enhance customer experience. ▪
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Sales jumps for fashion   Europe’s largest online fashion retailer Zalando said it expects first-quarter sales to rise faster than expected and forecast sales of EUR 635 to 648 million +++ UK department store chain Debenhams has posted positive results for the first half of its financial year, beating analysts' expectations. ▪
More results revealed  Unilever has reported better than expected sales growth in its first quarter +++ Brewery multi Sabmiller announced a marginal rise in full-year beverage sales volumes +++ British beverage company Diageo said net sales in its third quarter to 31 March fell 0.7%. ▪
 USA & Canada
Walmart rethinks centres   The world’s biggest retailer is at work on “reinventing” the supercentre in concert with changes to the retailer’s distribution model according to CEO Greg Foran. Former Walmart CEO Mike Duke has joined global alternative asset manager The Carlyle Group. ▪
Target settles data breach and opens pop-up   The US retailer has entered into a settlement agreement with Mastercard to resolve losses from the data breach in 2013. Over in Manhattan, the company opened a Lily Pulitzer pop-up shop selling what many experts say will be one of its most popular designer collaborations. ▪
Etsy debuts on Wall Street    The online marketplace for handmade arts, crafts and clothing has gone public with a bang. Etsy’s share price more than doubled, valuing the firm at close to US$ 4 billion. ▪
organic sector
Getting out of the niche    Organic sales are growing but the sector remains niche. Innovative practice and partnerships could change this +++ The US government has announced plans to support the production of organic crops and produce,  as a separate report noted that retail sales of such products continue to rise in the country. ▪

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