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

Hello and good day!
While Americans were celebrating Independence Day and the US retail industry was cashing in, the people of Greece were watching their financial crisis unfold. After the majority 'No' vote in the bailout referendum, the country just might grind to a halt. However, the 220 stores of Lidl Hellas continue to do a rip-roaring trade. German Retail Blog reports exclusively.

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Asia
KFC accepts Alipay in China    More than 700 KFC China stores have started to accept customer payments via Alipay’s smartphone-based payment technology. Like competitor McDonald’s, KFC is trying to attract China’s younger generation by introducing tech-savvy features into their restaurants. Meanwhile, Alibaba's financial affiliate, Ant Financial, wants to become an all-round Chinese services juggernaut. ▪
Sino-Singaporean pork project announced   Thai food conglomerate Charoen Pokphand has teamed up with Singaporean partner Singbridge for a pig farming and pork processing project in northern China as part of an ambitious Sino-Singaporean food production plant. ▪
Baby e-tailer grows with promotions    FirstCry.com, an online retailer of baby goods, which recently rolled out its same-day delivery across 18 cities at no extra cost, grows thanks to a number of promotions according to its CEO. The company operates over 100 franchise stores in 85 Indian cities and might even expand overseas. ▪
europe
Run on Lidl stores in Greece   No one really can predict what will happen next in the country after a majority of the Greek people rejected the bailout deal, but the 220 discount stores of Lidl Hellas continue to do a rip-roaring trade. German Retail Blog looks into the discounter's unique position in the tormented country. ▪
Coop Italia regains top rank   The Italian cooperative, which operates the largest supermarket chain in the country, has affirmed its leadership position with a 19% market share. Its 2014 results reveal stable revenues at EUR 12.4 billion.  ▪
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Sainsbury's and M&S under fire   The British supermarket operator and the department store chain face protests from shareholders this week over high executive rewards and low pay for staff. The expected protests come after significant protest votes over pay at the annual shareholder meetings of both Tesco and Morrisons in recent weeks.  ▪
usa & canada
Walmart celebrates Independence Day    The big box retailer, which started offering a grocery pickup service at 11 Ottawa-area locations this week, has hosted its first Independence Day celebration at Walmart AMP, a Walton Arts venue in Arkansas. The public holiday on the 4th of July is a boost for the retail industry with total spending estimated to reach US$ 6.6 billion.   ▪
More exec changes at Sears   The Canadian unit of the retailer is looking for a chief executive officer again, following its announcement that Ronald Boire will depart at the end of this summer, less than a year after taking on the job. Boire is moving to become CEO of Barnes & Noble’s new retail division. ▪
strange but true
Cows and camels and robots   While milk supplies overwhelm US dairies with a domestic output to be the highest ever, British online retailer Muscle Food has begun selling half-litre bottles of raw camel’s milk. A new online forum for all those using or interested in robotic milking systems will be launched in the UK this week. ▪
Shining clothes for female managers   In light of the government’s campaign to increase the number of female managers in corporate Japan, major department stores are reconfiguring their sales floors to market high-end suits and dresses for women. The focus is on clothing that will allow female managers to “shine”.  ▪

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