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

Greetings!
The new kid on the block takes the gloves off and attacks its competitors with a dynamic pricing strategy. According to first data, Jet.com's prices were mostly meeting or beating prices on similar items from Amazon and Walmart. Find out about this story, new cooperations, some successful acquisitions as well as a hindered one and more.


Asia & Australia
Joining forces   'Magic For All' - that is the name for Japanese apparel retailer Uniqlo's global collaboration with Disney Consumer Products +++ In partnership with Visa, Indian online marketplace Snapdeal has launched the country's first co-branded e-commerce credit card +++ Japanese trading company Mitsui & Co. plans to sell Japanese products in China in alliance with web giant NetEase. ▪
Ups and downs in China   Multinational Korean retailer Lotte Group recorded a huge loss (US$ 853 million) in China in the last three years +++ Chinese smartphone makers Xiaomi and Huawei successfully pushed Apple into third place in the world’s biggest market +++ China's e-commerce registered a 59.4 % jump from the year before +++ In smaller manufacturing companies, activity slumped to a two-year low.
 ▪
Farm and online bookshop acquisitions Down Under   Moxey Farms, one of Australia's largest single site dairy operations, has been bought by the Australian Fresh Milk Holdings consortium. Online book retailer Booktopia acquired its largest domestic rival, Bookworld, boosting the company's market share to more than 80 %. ▪
europe
Edeka receives setback   As the latest development in the supermarket's battle to buy Kaiser's Tengelmann, the German Monopolies Commission followed the Competition Authority's decision earlier this year and advised against the acquisition. ▪
British business strategies   Credit rating agency Moody’s warns that the big four may close stores and try to avoid employing over-25s in reaction to the new national living wage +++ Catering for international, festive souvenirs-shopping customers on their summer holidays, Selfridge's has launched its Christmas shop. ▪
ADVERTISEMENT
 
Significant source of income in small print   British clothes retailer Next made almost GBP 170 million last year from interest charges at an annual percentage rate of 24.99% on its online and catalogue credit service.  ▪
usa & canada
Strengthening businesses through acquisitions   Yahoo joins the social shopping trend and will buy community powered shopping site Polyvore for an undisclosed sum +++ About US$ 450 million is the purchase price for organic frozen fruit supplier Sunrise Holdings, that Canadian organic foods supplier SunOpta will be paying in a move to strengthen its packaged products business. ▪
Cheaper and faster   Newly launched Jet.com is using the Microsoft Azure cloud platform to support its dynamic pricing activities, which promise to deliver the lowest prices available online +++ Macy’s and Bloomingdale’s are expanding same-day delivery service to nine additional markets. ▪
Record sales for Publix   The employee-owned supermarket chain, which operates in the South-Eastern States of the US, reports US$ 8 billion sales for the second quarter, a 6% increase from last year +++ Department stores chain Sears announces the first profit rise in three years. However, this is thanks to a real estate spinoff, sales results are not as rosy. ▪
Africa
Liquidation - or not?   Following yesterday's news, South-African Platinum Group has denied reports that there were liquidation proceedings against it. ▪
Quality mark stickers delayed   The Kenya Bureau of Standards (KEBS) has extended the deadline for the acquisition of the new quality mark, which all importers of goods will be required to purchase directly from KEBS. ▪
Salesforce.com launches in East Africa   The American cloud computing solutions provider is using Kenya as an entry into the East African market, where it is targeting regional governments, financial, manufacturing and the entertainment sectors. ▪

If this newsletter was forwarded to you, subscribe here!
For questions or comments please contact us here

To advertise in Retail Update click here

RetailUpdate is a product delivered to you by lebensmittelzeitung.net

ImprintArchive