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

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Sluggish retail sales are predicted in Australia, Lidl enjoys impressive sales growth in the UK and Target will soon open its second-smallest store in the US. All these stories and more are in today’s RetailUpdate. Have a great day.

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asia
Sluggish sales predicted for Aussie retail   With most Australian company results due in August, analysts expect earnings to be subdued due to a weak Australian dollar and sluggish consumer spending +++ This is why Australian consumers are choosing Aldi over Woolworths and Coles. ▪
E-commerce developments   In an effort to become a one-stop-shop, Flipkart is in talks with MakeMyTrip to launch a ticketing platform +++ Meanwhile, Snapdeal has launched Shopo, a new mobile marketplace that enables small businesses to list products without paying commission. ▪
Lotte releases global group results   For the first time, the South-Korean multinational has released its group sales results. For the fiscal 2014, the group reported sales of US$ 52.9 billion—one of the largest among unlisted companies headquartered in Japan. ▪
europe
Big four putting on the brakes   Of the supermarket projects put forward for planning permission by Tesco, Asda, Morrisons and Sainsbury’s, less than a third have gone ahead, according to Barbour ABI. Barbour says the major supermarkets have failed to stop the dispersion of market share to new competition. ▪
UK sales climb for Lidl   As more shoppers desert mainstream grocers and discounters, the German discount supermarket chain has enjoyed a 21% jump in sales, recording sales of GBP 4 billion for the 2014 financial year.  In the next phase of its UK expansion, Lidl is planning a new head office in Tolworth, south west London. ▪
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Growth plans for Système U   By 2020, the French retail cooperative plans to double the number of convenience stores it operates in France.  To achieve this goal, Système U is planning three new concepts for its U Express brand. ▪
usa
"Prime Day a garage sale," say customers   There was much excitement over Amazon’s “Prime Day”, which was launched yesterday to celebrate its 20th anniversary. However, many customers were disappointed, joking that Prime Day resembled a “garage sale”. Amazon sales soared, though, despite the complaints +++ How 20 years of Amazon changed retail (paywall). ▪
FAO Schwarz calls it a day   On Wednesday, the well-known toy store closed the doors at its 5th Avenue location for the last time due to rising rent. FAO Schwartz is the oldest toy store in the USA. ▪
Target to open second-smallest store   On July 22, Target will open its second-smallest store, TargetExpress.  The retailing company aims to embrace the small-store model in order to reach more customers in urban areas. The new store in Highland Park, St Paul, Minnesota, is just 16,000 square feet. ▪
consumer trends
Consumers are taking control   Retailers will increasingly need 'advanced analytic capabilities' to compete in the new digital marketplace, says technology research firm Gartner. Gartner uses refrigerators that sense the need to replace their water filters as an example. They say consumers have taken control of the shopping process. ▪
Back-to-school shoppers more cautious   According to NRF’s Back-to-School Spending Survey, parents will be more cautious about back-to-school spending this year. Nearly half propose to take advantage of retailers’ buy online, pick up in store or ship to store options. ▪

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