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

Electronic giants and smartphone makers have discovered the great potential that India has to offer. A Canadian and a French beauty retailer reveal omnichannel plans and Otto Group's new executive board member, Neela Montgomery, talks to German Retail Blog about how to navigate between brick-and-mortar, online and catalogue experiences to accelerate growth. 

asia & australasia
Investments in India   Taiwan-based Foxconn, the world’s largest contract electronics manufacturer and a key supplier to Apple, has signed a pact with India’s Maharashtra state to invest US$ 5 billion on a new electronics manufacturing facility +++ Chinese smartphone maker Xiaomi, which will launch its first India manufactured phone today, is reportedly looking to set up a manufacturing plant in Andhra Pradesh. ▪
Convenience market Southeast Asia   Japanese convenience chains are quickly opening outlets in Southeast Asia, after the Japanese market has exceeded US$ 79.5 billion. Familymart aims to have a net increase of 234 stores in the region and Ministop is going on the offensive in Vietnam. ▪
Developments Down Under   Kathmandu-boss Mark Todd has resigned. The outdoor retail chain is still subject of a hostile takeover from Briscoe Group +++ Consumer electronics retailer JB Hi-Fi reports better-than-expected profits and says that it would buy back AU$ 15.2 million of its shares. ▪
Aldi develops great taste   While the discount powerhouse is to list more than 50 additional A-brands (paywall) in Germany by the end of the year, it is set to compete fork-to-fork against established foodie favorites such as Sprouts Farmers Market in the US. Over in Ireland, Aldi just picked up 62 awards at the international Great Taste Awards. ▪
Milk and petrol price decisions   British supermarket operator Morrisons has agreed to meet dairy farmers as milk price protests grow +++ Tesco, the country’s biggest fuel retailer, has cut petrol prices again on Friday, followed immediately by Sainsbury’s, which allows customers to collect Nectar points on every fill-up. ▪
Conviviality enhances communication   In a bid to boost its relationship with its franchisees, the off-licence retailer, trading under the Bargain Booze, Wine Rack and Select Convenience, has launched a new learning and knowledge sharing portal. ▪
Baywa grows with subsidiaries  The German agricultural trading group benefited from the activities of New Zealand subsidiary T&G. Fruit trading revenues rose in the first half of the year to EUR 295.9 million. Just recently, Baywa acquired barley trader Evergrain to expand its international malting barley business. ▪
 usa & canada
Twitter negotiates with Shopify   Social media giant Twitter is preparing to roll out its new “Buy” buttons more widely through a partnership with Shopify and other e-commerce platforms. Pinterest and Facebook are already working with Shopify. ▪
Pop-ups at Nordstrom   Specialty eyewear retailer Warby Parker is operating pop-up shops at six locations of the upscale fashion retailer around the US until September, and also offering an e-commerce page on the Nordstrom site. ▪
Delivering results   Convenience and fuel store operator CST Brands was not able to meet Wall Street expectations in the second quarter of fiscal 2015. Meanwhile, online jewellery retailer Blue Nile reported a profit rise for the same period and specialty jewellery retailer Charles & Colvard saw sales decline and many expenses rise. ▪
multichannel strategies
Otto Group restructures   Neela Montgomery, executive board member at Hamburg-based Otto Group, understands how to navigate in a retail world between brick-and-mortar, online and catalog experiences. She talks to German Retail Blog about the restructuring of Otto Group's most important business division, Multichannel Retail.  ▪
Beauty goes online    Beauty giant Sephora upgrades its omnichannel appeal and will test a beauty subscription service, called Play! By Sephora +++ Canadian retailer Shoppers Drug Mart’s beauty section has launched an e-commerce website called beautyboutique. ▪

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