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

Hello and good day!
Supermarket operators struggle to stay on top of the game in Australia. Retail powerhouse 'Woolies' Woolworths delivered the first drop in quarterly sales in 20 years. Read about its plan to save costs, Lidl's search for locations in America, omnichannel strategies, solar arrays and a lot more.


Asia & australia
Growth strategies down under    Retail giant Woolworths will axe 400 jobs as it looks to save A$ 500 million in costs. Sales fell 2.1% to A$ 14.96 billion, the first fall in quarterly sales for more than 20 years +++ Rival Coles trials digital shopping lists, discount chain Aldi revamps its fresh produce section (paywall) and US homewares retailer Williams-Sonoma has confirmed its expansion in Australia. ▪
KFC to enter Myanmar   The fried chicken retailer, one of the world’s largest restaurant chains, plans to open its first branch in downtown Yangon, according to a statement by Myanmar franchise holder Yoma Strategic. ▪
Top retailers will meet at C-star
C-star is the official satellite event of EuroShop, the world's largest retail trade fair, and will take place on May 13-15 2015 in Shanghai. At C-star you will see the latest retail trends and developments geared to the needs of the Chinese market. With a comprehensive supporting program, C-star will be the perfect place to conduct business and expand your knowledge.
Come and join us at C-star!
Allegations rejected   The Competition Commission of India has rejected allegations of unfair business practices against e-commerce giants Flipkart and Amazon. The companies came under the scanner following massive discount sales offered by them.  ▪
Media Saturn supports Metro's growth   German supermarket Metro group has reported growing sales in its second quarter. Performance was driven by improved growth in its cash & carry and Media-Saturn businesses, which has also launched a new online shop, (paywall) for white goods in Germany.  ▪
Boost for digital wallet   Online shopping might get a lot simpler for British customers following a significant show of support for Visa’s ‘digital wallet’ from some of the UK’s biggest retailers, including Topshop, Iceland, Dorothy Perkins and Costco. ▪
EU watchdog eyes McDonald's   The EU Competition Commission is examining allegations by trade unions that the fast-food giant has made unfair tax deals in Luxembourg by avoiding paying more than EUR 1 billion in corporate taxes in Europe between 2009 and 2013. ▪
usa & canada
Lidl gets approval    The German discounter considers building a US$ 125 million distribution centre in North Carolina, creating 200 jobs in Alamance County. Authorities have approved Lidl's incentives. ▪
Omnichannel strategies   Boomerang Commerce, a provider of omnichannel pricing technology, announced that some major US retailers have deployed its rapid pricing testing platform, including Sears, Croupon and Office Depot. The latter reported a first-quarter net profit of US$ 45 million. ▪
Stores openings in the big apple   Sportswear company Foot Locker plans to open a three-story flagship store in Times Square +++ Department store operator Macy's new discount stores are named Macy’s Backstage. Four test stores will open in New York City. ▪
Ikea goes live with solar energy  The Swedish furniture retailer announced it has officially plugged-in Kansas’ largest rooftop solar array, atop its recently opened store in Merriam. ▪
 recent studies
Shopping has to be easy   Nearly one third of consumers in the United States either own or plan to buy a wearable device in the next 12 months to make their lives easier – and that includes shopping according to a new study by PowerReviews. ▪
Creepy or cool   Shoppers think it is cool to get digital help according to a study by RichRelevance, but they are ‘creeped out’ by instore tracking features. ▪

If this newsletter was forwarded to you, subscribe here!
For questions or comments please contact us here

To advertise in Retail Update click here

RetailUpdate is a product delivered to you by