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Retail Update - powered by LebensmittelZeitung

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Flipkart and Snapdeal team up with the Indian post to provide same-day service, Waitrose introduces customised promotions and Amazon drones are nearly ready to start and could be delivering goods to your door in just one year’s time. All these stories and more in today’s RetailUpdate.

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asia
Snapdeal & Co. follow Amazon   In order to provide a same-day service, Flipkart and Snapdeal are set to follow Amazon’s lead by teaming up with India’s national postal service. ▪
India protects its enterprises   In a move to protect small and medium enterprises, India’s Modi government says it will not allow foreign direct investment in multi-brand retail. FDI is, however, allowed for individual retail brands and cash-and-carry retail wholesale trading +++ A notification is underway in India to make it mandetory for e-commerce portals to file tax returns every quarter. ▪
Lotte to expand in Indonesia   South Korean hypermarket company Lotte Group is reportedly planning to buy several shopping malls in Indonesia to broaden its operations in the fast-growing Southeast Asian economy. A Lotte spokesman has confirmed discussions but told media in Korea that “nothing has been decided yet”. ▪
europe
Waitrose introduces customised promotions   Holders of the MyWaitrose loyalty card can now choose from 1000 products on which they’d like to save 20%. MyWaitrose holders previously received discounts on items selected by Waitrose. ▪
Tesco gears up for Ramadan   Tesco London is preparing a range of activities for Ramadan this year. These include food donations, event sponsorship and a redesigned van. The troubled retailer may be in line to post an improved Q1 performance and will reassess its figures on 26 June, the same day as its AGM ▪
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Aldi wins top prize again   Consumer group Which? has named the German discounter supermarket of the year. The chain has won the award, which recognises high standards in products and services, in 2009, 2012 and 2013. ▪
usa
Walmart in search of tax havens   According to a study published by Americans for Tax Fairness, the retailer hid $US 76 billion of assets in tax havens across the world. This includes $US 64.2 billion managed by 22 different subsidiaries in Luxembourg. Walmart denies the claims +++ Beauty shoppers prefer Walmart and Target. ▪
Amazon drones just a year away   As regulators finalise rules allowing widespread unmanned aerial system use by companies like Amazon, commercial drone operations in the US could happen by this time next year.  Amazon says that states and local communities must not be allowed to regulate drones that are authorised by federal aviation regulations. ▪
Staff lay-offs   US retailer Target cuts another 140 jobs at its headquarters +++ Starbucks will close all 23 of its La Boulange cafes by the end of September. Starbucks, which acquired the company for $US 100 million three years ago, says running the cafes is no longer sustainable. ▪
africa
SA will be fine after Nestlé restructure   The world’s biggest food and drinks company has confirmed plans to axe 15% of its workforce across 21 African countries. However, South Africa won’t be affected, the company says. This move comes after over estimating the region’s spending power. ▪
BAT still smoking ahead   On Wednesday, British American Tobacco’s (BAT) share price rose nearly 4% on the JSE. This comes in response to several research firms saying they expect the company to outperform over the next two years, despite the decline in smoking worldwide. Africa and the Middle East are the only parts of the world where smoking hasn’t declined. ▪

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