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

Hello and good day!
In this issue, Japanese retailer Muji enjoys record sales in mainland China, Sainsbury’s moves towards digital couponing and businesses are becoming increasingly interested in the happiness and wellbeing of their employees. Have a great day.

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asia
Alibaba shares sink as market plummets   As the Chinese stock market sends ripples around the world, Alibaba shares have sunk to their lowest point since their IPO in September 2014. Also, the e-commerce giant was the most heavily traded individual stock on the New York Stock Exchange, falling 0.8%. ▪
Record sales for Muji   In the second quarter of this year, Muji retail stores’ sales in China’s mainland surged 193% propelling its quarterly profit to an all-time high. The Japanese company says the recent Chinese stock market rout won’t influence their confidence in China. ▪
Big plans for Paytm   The Alibaba-backed e-commerce website aims to get nearly 10,000 service providers on board by year end. They have earmarked US$ 100 million and are planning subsidies to incentivise sellers to join them. ▪
europe
Latest UK retail figures   According to Deloitte, the number of retailers facing possible insolvency decreased by 32%. Just 45 retailers entered administration in the first six months of this year compared to last year’s figure of 95 +++ Latest figures from the Nielson show shop prices continue to slide. ▪
Big incentive for Tesco's UK boss   Tesco wooed former Halfords CEO, Matt Davies, with shares worth GBP 3.2 million to get him to join the company in May this year. It is understood that the share package was to compensate Davies for the long-term incentives he was forced to forgo. ▪
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Digital couponing for Sainsbury’s   UK’s third-largest supermarket chain will partner with Eagle Eye to deploy its AIR platform, which allows retailers to digitise their paper-based voucher schemes. Including Sainsbury’s, 30% of UK's grocery market now uses the AIR platform. ▪
usa
Albertsons to go public   The second-largest US supermarket company, with brands that include Safeway, has filed for an initial public offering of stock. Albertsons expect to raise an estimated US$ 100 million from the offering. ▪
Amazon moves into crowd-sourcing   The online giant is developing “On my Way”, an Uber-style app that will pay the general public to drop off packages while travelling to other destinations. Meanwhile, new website Snagshout, which connect shoppers with merchants looking to sell new items on Amazon, is offering shoppers discounts in exchange for reviews. ▪
Peapod redesigns mobile APP   Ahold USA’s online grocery delivery service, Peapod, has completely redesigned its mobile and tablet app, with larger, high-resolution photos and new features that streamline and simplify online shopping. ▪
developments to watch
Please, no more gadgets!   According to technology research firm Gartner, fewer people are buying desktop computers in Western Europe, Japan and Russia. They say the tablet has become a “nice-to-have” device, and there is no need to upgrade as regularly as there is with smart phones. ▪
Shiny, happy retail people   Businesses are becoming interested in the happiness and wellbeing of their employees. However, this is because of economic rather than altruistic reasons, particularly in economies with large service sectors. ▪

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