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.
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.
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.
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.
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.