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Retail Update - powered by LebensmittelZeitung

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Clothing retailer Pantaloons is set to open 35 new stores across India, UK retailers enjoy increased Chinese tourist spending and Amazon's Jeff Bezos fires back at New York Times article. All these stories and more are in today’s RetailUpdate.


asia
Expansion plans for Pantaloons   In an effort to expand its reach, Aditya Birla Group, parent company of the Indian clothing retailer, plans to launch up to 35 new stores during 2015 and 2016. Pantaloons already has over 100 stores. ▪
Japanese consumer spending cools   While Japanese stocks recovered on Monday, commentators worry about weakening consumer spending. According to gross domestic product data, consumption dropped in the April – June period for the first time in four quarters. ▪
Samsung launches new flip phone in China   The South Korean tech giant has launched its new G9198 flip phone in China. Though listed on Samsung’s website, there is no news on pricing or availability +++ Meanwhile, HTC and Lenovo have announced large-scale lay-offs in an effort to remain profitable while competing with the likes of Samsung and Apple. ▪
europe
UK retail ups and downs   This summer, UK retailers enjoyed a significant increase in spending by Chinese tourists — 44.5%, according to analysis of Chinese credit card spending. Despite this, retail spaces across the UK are suffering due to reduced footfall. ▪
Milk price talks continue   Dairy farmers have welcomed Lidl ’s decision to pay its suppliers more for the fresh milk it sells, as the debate about milk prices continues. Meanwhile, Asda is rolling out “Made with British milk” labelling to encourage its customers to buy British dairy products. ▪
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Private label brands take on Croatia   Since Lidl arrived in Croatia nine years ago, private label brands have managed to take a 22 % share of the retail market. Before Lidl, the figure was just 2%, according to local daily Poslovni Dnevnik +++ Meanwhile, Lidl Belgian’s move (paywall) suggests online aspirations. ▪
usa
Target appoints new COO   In order to help chief executive officer, Brian Cornell, revamp the retailer, Target has promoted John Mulligan into the newly created role of chief operating officer +++ California-based start-up Curbside has expanded its curbside pick-up service (paywall) to New York and New Jersey with 10 new Target locations. ▪
Amazon considers public transport   The online giant is thinking about another new delivery method and has filed a patent application to use public transportation to help get goods to customers. Meanwhile, Amazon boss Jeff Bezos responds to accusations that the company has a brutal working culture. ▪
Kohl's will return to New York Fashion Week  
On the back of disappointing sales growth for the second quarter, the company is launching another celebrity fashion collection targeted towards millennials. Meanwhile, Jonas Prising, CEO of staffing firm ManpowerGroup, has joined the board of directors of Kohl’s Corp. ▪
consumer behaviour
Back-to-school inspiration   From a study of 1,035 teen girls by Teen Vogue and the International Council of Shopping Centers (ICSC), 75% will use their smartphones for back-to-school inspiration. Millennial mums, on the other hand, are influenced by word of mouth and the internet, according to review website Influenster. ▪

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