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

Greetings!
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.

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asia & australia
Indian e-commerce sector creates opportunities   Surprised by its growth in the country, Amazon has decided to up its focus on the Indian market +++ Spencer's Retail plans to enter the e-commerce segment with a new venture +++ Tiger Global-backed ShopClues plans to aggregate services on digital channels to help its sellers target the hyperlocal market +++ A program launched by Nasscom seeks to give Indian start-ups a leg up ▪
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. ▪
Gome expands network   China's second largest electronics retailer is planning to buy retail assets from its controlling shareholder to expand its retail network.  ▪
Europe & Middle East
Tesco and Sainsbury's choose different paths   Over the last five years, Tesco has abandoned three times as many new development sites as all of its rivals put together. With 62 abandoned stores the number is considerably higher than announced in the beginning of the year +++ After its 15- store trial with Netto, Sainsbury's believes mimicking the Danish discounter’s methods may be the way to go when competing with the German discounters. ▪
Eastern European expansion   Russia's second largest retailer X5 Retail Group has announced the acquisition of 100 stores owned by the Soseddushka retail chain in the Orenburg region +++ Poland will be experiencing the market entry of Forever 21, as the US retailer named Poland as one of the countries where it is planning to open stores within the next two years. ▪
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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
Amazon plans drive-thru grocery   As the etail giant continues to ramp up its food proposition, Amazon is planning to open its first drive-thru grocery store in Sunnyvale, California. In the fashion sector, a report by Cowen & Co. predicts Amazon to overtake Macy's as the nation's top clothing retailer by 2017. ▪
Best Buy to sell Apple Watch   In an effort to expand the gadget's availability, as the first national retailer other than Apple stores, Best Buy will start selling the Apple Watch at more than 100 US stores.  ▪
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. ▪

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