Good staff is hard to find, not only for the store front but also on the top executive floor. Changes are taking place continuously, worldwide. In the US, Macy's has joined the growing number of retailers preparing for the Christmas rush, and Target is on the lookout for in-house IT personnel. These stories and more are in today’s issue.
Olam seeks opportunity in crisis Amid slumping agricultural commodity prices, the Singapore-based global agri-business giant reveals US$ 2 billion acquisition plans. 'We are begging to enter a buyer’s market', the company's CEO, Sunny Verghese, said. Olam ranks amongst the top food-commodity traders, particularly in cocoa, nuts, wheat and rice, supplying companies such as Pepsico.
Indian e-commerce execs exchanged The country's leading online marketplace, Flipkart, has named three new technology executives with experience at Amazon, Google, Microsoft and EBay. Its competitor Snapdeal has recruited former Twitter executive Rahul Ganjoo as Vice President for its technology team.
Register now for etailment 2015 - 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.
Morrisons' execs perform optimistic move The struggling supermarket's CEO David Potts and Finance Director Trevor Strain exhibit their confidence in their company by buying up 373,334 shares between them +++ The supermarket chain will introduce candy-free checkouts, following similar moves by competitors Lidl, Aldi, Tesco, Sainsbury’s and the Cooperative. Asda and M&S are the last of the top UK supermarkets still stocking confections at checkouts at big stores.
Target's IT is to be in the house The retailer has outsourced much of its IT development in the past, but now Target has announced to bring more of its technology development in-house and to hire 500 engineers at its Minneapolis headquarters and another 500 in Bangalore, India.
trends to Watch
Shoppers text 'hi' to Walmart The US retail giant is piloting a tool to provide in-store assistance in some California stores via SMS text messaging. Shoppers texting the word 'hi' will be receiving a response from a digital assistant, offering guidance such as where to find products in stores and whether products are in stock.
Sainsbury's calls to 'Waste Less, Save More' The British supermarket chain is launching a GBP 10 million project to tackle household food waste and is looking for a UK town to test out its new initiative.