Stepping outside your comfort zone is the challenge in this day and age. Korean cosmetic giant Amorepacific has set its sight on the Middle East. European and Chinese companies see a lot of potential in India. German discounter Lidl, which continues to grow worldwide, aims to shake off its budget image, while US retailer Barnes & Noble fights for survival. Enjoy the read.
asia & australia
Woolies believes in Masters The supermarket operator and its home improvement partner, Lowe's, have pumped another AU$ 90 million into the loss-making Masters business, despite being urged to pull the plug +++ Rival Coles is facing some headwinds as Australian authorities are concerned over the company's proposed acquisition of nine Supabarn stores.
Register now for etailment 2015 â The Business Event for Retail
International trade experts from Alibaba, Zalando, mytheresa.com, OTTO Group Russia, GALERIA Kaufhof, notebooksbilliger.de, redcoon, ROSE Bikes etc. will share their knowledge of strategies and new markets. One of the highlights is the e-Stars 2015 Award Ceremony. Find out more at etailment 2015 on 11th and 12th November 2015 in Frankfurt/Germany and re-invent retail.
Lidl goes upmarket The German discounter is reportedly planning to move into central London as part of a plan to shake off its discount image. The company is looking for almost 300 new locations for small- to medium-sized supermarkets. Fittingly, forty additional French wines have been temporarily added to Lidl UK’s wine portfolio.
Swedish icons to enter India Furniture giant Ikea is reportedly exploring different locations in India and contemplating setting up its first store in the country soon. Investing in emerging markets is high on its agenda as full-year sales rose 11%, led by China and Russia +++ Fast fashion chain H&M will open its first Indian store in October in Dehli. It will be the 60th international market for the company.
usa & canada
Barnes & Noble struggles America's largest retail bookseller reported another net loss, but its CEO remains positive and sees a lot of potential in a new store prototype. However, analysts think that the company's recent performance is scarier than a Stephen King novel and wonder whether the company can survive.
Google rolls out mobile payment Apple Pay has a new rival. In its second take on mobile payments, Google is officially releasing its Android Pay digital payment solution in the US.