In various places of the world, supermarkets attempt to find the right strategies to enable them to stand their ground in times of stiff competition - Myer introduces a voluntary redundancy program in Australia, whereas in Britain, Tesco has significantly reduced the number of its development sites and Sainsbury's toys with the idea of implementing discounter methods.
asia & australia
Myer strategy may have consequences Analysts have warned that its voluntary redundancy program puts Australia's largest department store chain at risk of entering a 'dangerous spiral' of declining customer service and sales +++ After last year's profit warning, sales fashion etailer My Sales reports a 5% increase in sales to AU$ 235 million. Iain McDonald has been appointed as non-executive chairman.
Europe & Middle East
Lulu Group to grow in new sectors Abu Dhabi-based Lulu Hypermarket plans to expand its online offerings in a move to develop a 'dominating' web presence in the Gulf. Lulu Group International enters the international hotel sector with the acquisition of Great Scotland Yard in London for GBP 110 million (US$ 170 million).
usa & Canada
Trends and developments
'Out of this world ' traffic control As the topic of drone-based delivery is looming somewhere beyond the horizon, Google, Amazon, Verizon and Harris Corp. are among 14 companies that have signed agreements with NASA to help create a drone air traffic control system.
Supermarket shopping 'sorted' Devon-based company Trolley Bags hopes to establish a much more down-to-earth trend with their innovative bag design for supermarket trolleys which it claims to have already kicked off in Brazil and the US.