Indian e-commerce companies may need to improve data security as the Indian government seeks to join the Regional Comprehensive Economic Partnership (RCEP). In Germany, a court has ruled that Haribo has no grounds to complain about a copyright infringement by Lindt. And, in the USA, Macy’s plans to expand its format. All these stories and more are in today’s RetailUpdate.
SuperGroup invests big in China Following July’s announcement of a joint venture with Trendy International, the Cheltenham-based owner of the Superdry brand has officially launched a GBP 18 million investment in China.
Flipkart & Snapdeal to improve data security As part of the Indian government’s negotiations on joining the Regional Comprehensive Economic Partnership (RCEP), e-commerce companies, such as Flipkart and Snapdeal, need to ready themselves for tougher norms on data security, confidentiality of personal information and consumer protection +++ Meanwhile, consumers hoping for bargains when buying online during Diwali may be out of luck. Brands such as Apple, Samsung and Puma say they won’t slash prices during festivities as doing so will cut too deeply into margins.
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Xiaomi announces new $200 smartphone Following its recent announcement of two prepaid packages for Chinese customers, Xiaomi has released the Mi 4c smartphone — a US$ 200 version of its flagship Mi 4.
Tesco ditches unprofitable 24-hour openings Where the figures don’t stack up for its large stores, the supermarket giant will no longer open 24 hours a day. Tesco CEO, Dave Lewis, has told management that stores will open at 6am and close at midnight. Click here to read a 12-month summary of Tesco’s fortunes.
Lindt and Haribo bears must get along A German court has ruled that German Haribo gummy bears have no grounds to complain about copyright infringement by their Swiss chocolatey cousins from Lindt. The decision ends a long-standing dispute between the companies, with Haribo accusing Lindt & Sprüngli of copying its Gold Bear trademark.
WHSmith folds under pressure In response to pressure from government MPs, the High Street retailer will lower prices at its branches located in and near hospitals. Meanwhile, High Street retailers, including WHSmith, Debenhams and Boots, have been voted the friendliest places to work by employees.
Shopify seeks entrepreneurs In its quest to uncover new entrepreneurs, the omni-channel commerce platform is launching its sixth Build a Business Competition. Contestants are invited to build a brand-new business and sell their wares on Shopify.
Macy’s expands outlet format The retailer has announced plans to open two Bloomingdale’s outlets in November. This announcement comes despite recent news that it will close 40 underperforming stores.
New appointments Effectively immediately, J.C. Penney has promoted long-serving merchant John Tighe as VP and chief merchant to replace retiring Liz Sweney +++ After 25 years with REI, Rachel Lightenber has been promoted to VP of retail.
Nampak plans glass plant in Ethiopia In order to capitalise on burgeoning demand for packaged consumer goods and bottled drinks, the Johannesburg-based company has agreed with its partners to build a glass-bottle manufacturing plant in Ethiopia. Nampak is now seeking financing for a project that will potentially cost US$ 68 million.