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

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Tesco in Thailand plans to invest big in new sales-boosting strategies, the UK Government consults companies and shoppers about Sunday trading and the US service sector enjoyed growth in July. Also, find out where Facebook is currently testing its most recent feature. Enjoy the read.


asia & New Zealand
Tesco Thailand invests big   The Tesco Lotus hypermarket chain has earmarked US$ 51.2 – 59.8 million for new strategies to boost sales of essential goods. In other news, Tesco Lotus also says it has launched its biggest price-cutting campaign in 20 years with cuts of up to 20% on more than 870 product lines. ▪
Kathmandu rejects Briscoe’s bid   The New Zealand retail chain’s plans to take over Kathmandu hit a snag when the directors of the outdoor equipment retailer rejected their offer. Kathmandu chairman, David Kirk,  described the offer as “manifestly inadequate." ▪
New mega family stores for Japanese discounter   In an effort to attract more business from families, Japanese discount retailer Don Quijote is planning a series of new merchandise stores with an improved range of food products and consumable goods. ▪
europe
UK dairy farmers protest   UK dairy farmers are taking to the streets to protest against, what they believe, are unfair prices paid for their produce. They aired their grievance throughout the country outside Tesco, Asda, Sainsbury’s and Morrisons outlets. As a result, Morrisons are now threatening the farmers with legal action (paywall). ▪
Tesco Ireland still on top   Despite its market share falling below 25%, Tesco is still the number-one grocery retailer in Ireland, according to latest figures from Kantar Worldpanel. David Berry, a director at Kantar Worldpanel, says that after two difficult years, there are signs that Tesco’s decline in sales is levelling. ▪
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Consultation begins on UK Sunday trading   The UK Government, in a move to afford cities more control over their economies, is asking companies and shoppers whether local leaders such as mayors should have the power to extend Sunday trading hours.  This has caused controversy in some sectors, particularly with smaller traders who are currently allowed to remain open throughout Sundays. ▪
usa
Beacons to be tested in 50 Target stores   In an endeavour to improve shopper in-store experience with digital tools, the US  retailer will test beacons in 50 of its stores. With Bluetooth technology, the beacons will enable Target to deliver deals and shopping recommendations on an opt-in basis through their latest iOS app. Meanwhile, Target is offering free shipping for back-to-school shoppers who order online. ▪
A rosy July for US service sector   On Wednesday, The Institute for Supply Management said that the US service sector experienced sharp growth in July, expanding 4.3% to reach an all-time high. The services sector, which accounts for about 80% of US economic activity, has now been growing for 66 months consecutively. ▪
Natural pet food store on the rise   To capitalise on what has become a US$ 58 billion industry, the fast-growing Kriser's Natural Pet store, a retailer of all-natural pet food, toys and accessories, is branching out into the Chicago area. “It’s exciting to return to my roots in Chicagoland as we reach the 30-store milestone,” says founder and CEO, Brad Kriser. ▪
online shopping
Online shopping newbies prefer the marketplace   Research from Amazon.com and Pymnts.com, discovered that online marketplaces are where most consumers first venture into the world of online shopping. It was found that 64% of consumers began in an online marketplace compared to 48% who purchased from a merchant’s website. ▪
Facebook to test new feature   Facebook users in Auckland, New Zealand and Sydney, Australia have become guinea pigs for the new Facebook feature: online shopping. Users in those cities will be the first to be able to click a “buy & sell” button to make online purchases. ▪

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