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

Hello and good day!
Alibaba acquires an Indian logistics firm; key management announcements at Procter & Gamble, Domino's and 99 Cent Only Stores, and there’s good news for brick-and-mortar showrooms. Read these stories and more in today’s issue.

ADVERTISEMENT
 

asia
Alibaba links with logistics company   The world’s largest e-commerce company has linked with ECU Line, a subsidiary of Gurgaon-based Allcargo Logistics.  The deal is to ship less-than-container consignments to India and will speed up delivery to Alibaba’s Indian customers. The Chinese giant has just topped Amazon as 'most valuable' global retail brand. ▪
P&G has a new Indian director   With the incumbent, Shantanu Khosla, choosing to leave the company on June 30, 2015, Procter & Gamble have appointed Al Rajwani as their new managing director and chief executive for India. Rajwani, an American citizen of Indian origin, has worked for the company for 34 years. ▪
Snapdeal ‘snaps up’ MartMobi   For an undisclosed sum, Snapdeal has purchased MartMobi, a Hyderabad-based company helping vendors build mobile apps and websites. The move was made in an effort to improve the online experience for their sellers and customers. Also, in response to a backlash from offline traders, Snapdeal and Flipkart’s last mega electronics sales focused on exclusive and old models. ▪
europe
Kesko to step up growth   Finland’s second-largest retailer has announced plans to step up its growth through investments and possible acquisitions. While seeking cost savings of at least 50 million euros, the group plans to move into grocery, home improvement and car retail. ▪
Tesco targets passing shoppers   To raise awareness of its new London-based concept store, the retailer has partnered with O2-owned Weve on a mobile couponing initiative. By handing out coupons, they were able to identify 40,000 shoppers who had walked past the store six times over a two-week period. Meanwhile, Tesco has been toppled from the position of most valuable global retail brand by rival Aldi. ▪
ADVERTISEMENT
 
Solid Q1 growth for Ahold   Aided by better performances in its core markets, Ahold has reported solid sales growth for its fiscal first quarter. Overall sales increased by 14.9%; however, when fuel was excluded and currency fluctuations adjusted, the increase was a more modest 3.1%. ▪
usa
Key appointments announced   On Wednesday, 99 Cent Only Stores named chairman of the board, Andrew Giancamilli, as interim president and CEO. This follows the resignation of Stephane Gonthier +++ Meanwhile, Domino’s Pizza has announced some key internal appointments. ▪
Reduced losses for Q 1   Grocery chain Fairway Group Holdings Corp reported a net loss of US$ 8.54 million for the first quarter of fiscal 2015. This is down 3% from $8.84 million last year +++ Meanwhile, Tiffany & Co. announced a smaller-than-expected decline in earnings and sales. Net earnings shrunk 17% to US$ 105 million from US$ 126 million last year. ▪
Coca-Cola ‘zeros’ in on Russia   The soft drink giant has discontinued Coca-Cola Light in Russia in favour of another low-calorie drink — Coca-Cola Zero. They hope the move will increase Russian sales of the whole Coca-Cola brand. ▪
consumer behaviour
Coupon use is on the rise   Initiatives by grocery retailers to match prices are causing a rise in the number of money-off coupons redeemed in UK supermarkets. According to Valassis, which handles most retailer and brand-issued coupons that pass through UK stores, consumers redeemed 688 million coupons last year. ▪
Trend reversal favours brick-and-mortar stores   For years, brink-and-mortar stores were plagued by customers visiting their showrooms only to then purchase online. Experts, however, say the trend has reversed with more customers now viewing products online before purchasing them at a physical store. ▪

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 lebensmittelzeitung.net

ImprintArchive