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

India's rapidly growing e-commerce sector needs thousands of employees and the big players are aggressively on the hunt. Over in Germany, Metro proposes top executive for chairman. In other parts of the world, investments, expansion and acquisition ideas, new apps and profit woes hit the headlines.

asia & Australia
Price wars and expansions   Price competition between Woolworths, Coles and independent retailers has led to the weakest supermarket sales growth in almost two years, while overall retail numbers exceeded expectations. Meanwhile, German startup Shopwings is expanding its delivery service in Sydney and Melbourne and has just launched a new delivery app.  ▪
Billabong streamlines   Queensland-based international clothing retailer Billabong has selected JustEnough Solutions to help consolidate, automate and streamline its planning and replenishment processes across all its brands worldwide. ▪
Alibaba sustains its growth rates    The Chinese powerhouse is set to invest more money in Indian e-commerce company Paytm and will also collaborate with a company, which was newly formed by NBA player Kobe Bryant, to create a new social media platform. In a bid to oversee its global expansion, Alibaba has hired former Goldman Sachs Group partner Michael Evans. ▪
Indian initiatives  Telecommunication multi Bharti Airtel has acquired financial solutions firm YTS Solutions and also announced a 40% jump in profit +++ Flipkart, the country's biggest online retailer, plans to double the headcount of its technology team to 2,400 engineers. Meanwhile, Snapdeal kicks off a diversity of initiatives to attract and retain talent.  ▪
Metro on the lookout   The German retail conglomerate has reportedly proposed that outgoing chief executive of Swiss chocolate maker Barry Callebaut, Jürgen Steinemann, be its new chairman after Franz Haniel decided to step down in February 2016. ▪
Snack empire in the making   The Jerky Group has merged with biltong brand Cruga to create the largest beef snack manufacturer in Europe. The newly formed Meatsnacks Group will supply UK’s main grocery retailers. Its combined output is expected to be 10 million snack packs across 27 countries. ▪
British announcements   Supermarket operator Morrisons has appointed Clare Grainger as Group HR Director and department store company John Lewis is to introduce a new fashion and lifestyle concept in a boutique shopping environment. ▪
usa & canada
Omnichannel and online plans   J.C. Penney has strengthened its online retail and omnichannel team with two new executives, Michael Amend from Home Depot and Mike Robbins from Target +++ Online sports apparel retailer Fanatics is using Origin Experiments from optimisation platform Sitespect to offer a better online experience. ▪
New stores on the block   Target wants to keep things simple and is about to rebrand its newer format stores +++Harvest Natural Markets, a retail operation from food distributor Atlas Group, has opened its first store in Texas and Japanese clothing retailer Uniqlo is about to launch a flagship store in Boston. ▪
Results, results, results   Supermarket operator Fairway Group announced a loss of US$ 13.9 million +++ CVS Health reported that its second-quarter net income rose 2.1% to US$ 1.27 billion +++ Cereal maker Kellogg’s saw another decline in quarterly sales but insists that trends are improving ▪
Survival strategies  While luxury retailer Neiman Marcus is filing for an initial public offering for the second time in a little more than two years, Canadian retailer Laura’s Shoppe has filed for creditor protection as part of an effort to ensure its survival. ▪
digital developments
Combat cyber threats   America’s leading retail associations have joined together supporting legislation for cyber threat data sharing. Meanwhile, retail is becoming an increasingly hot market for hosted cloud computing providers and there are a number of reasons. ▪
Getting smart with robots   The Internet of Things can help retailers get smart by providing automated services without the need for human interaction; however, insiders are warning that the coming age of robots will be bad for men because jobs held by women are least vulnerable to automation. ▪

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