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

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A company linked to Alibaba’s Jack Ma is under investigation by the Chinese securities regulator, Apple Pay is now available in the UK and an app to make shopping easier could be just around the corner. All these stories and more are in today’s RetailUpdate.

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asia
Company linked to Alibaba founder under investigation     The Chinese securities regulator is investigating Hundsun Tech, a company partly owned by Jack Ma’s financial investment company. The trading platform run by Hundsun is accused of breaking market rules. Meanwhile, Alibaba targets an untapped opportunity. ▪
Coles and Woolworths take on Aldi   In an effort to curb the growing Aldi threat, Australian supermarket chains Woolworths and Coles are slashing private-label grocery prices while continuing to increase prices on national brands. ▪
Smartphone market ups and downs   With sales of 110 million 4G phones by the end of May, China Mobile expects to exceed its annual sales target of 200 million by 2015 +++ Meanwhile, Korean smartphone manufacturer Samsung saw its market share in India fall from 28% to 21.5% in the previous quarter. ▪
europe
Apple Pay arrives in the UK   As of Tuesday, the UK became the first market outside the US to use Apple’s digital-wallet system. The Apple Pay service will be available at 250,000 British retail locations. While most retailers will work with a minimum GBP 20 on transactions, some eatery chains are accepting limitless transactions. ▪
UK retail enjoys strong sales   Helped by warmer weather and an earlier-than-usual beginning to summer sales, UK retail sales were up 2.9% in June, the strongest month since January 2014.  Thanks to summer clothing sales, economists expect inflation to go back to zero. ▪
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Aldi first to sign 'fruit and veg pledge'   The German discounter is the first to sign up to a ground-breaking national initiative to support British farmers, stealing the thunder from its British rivals. The so-called “fruit and veg pledge” aims to improve long-term relationships with British growers and suppliers. ▪
usa
US retail sales tumble   As consumers cut back on spending, US retail sales fell 0.3% in June, which was at odds with analysts’ expectations. Despite this, world share prices have risen. ▪
Trouble for Walmart   In response to a possible data breach, Walmart has removed its online photo processing store, including its mobile applications. The retail giant says customer credit card data was potentially compromised. Meanwhile, in Boston, a female employee is accusing the retail giant of denying employee benefits for same-sex spouses. ▪
E-tailer brands ranked top in US   According to the mid-year Brand Index from YouGov, in the US, Amazon and Netflix are the number-one and number-two ranked brands respectively. More than half the cross-industry list comprises companies from the tech sector. ▪
smart retail technology
The ultimate shopping assistant   Shopping can be time consuming.  So, wouldn’t it be great to have a personal assistant to help out? Well, of course, that’s impractical for most of us. So several start-ups are developing apps that will allow consumers to submit requests for products they want to purchase by voice or text. ▪
An app for allergy sufferers   For allergy sufferers, selecting food without troublesome ingredients can be difficult. A new app, called FoodMaestro, now enables consumers to identify ingredients they are allergic to by scanning products’ barcodes with their smartphones. ▪

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