Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung

Hello, dear reader!
Amazon is flexing its muscles and challenging Apple and Google by banning their media-streaming devices from its offer “to avoid customer confusion". Over in Europe, Ikea has hired a Dutch designer and Tesco has announced it will not to sell further overseas assets. These stories and more are in today's issue. Enjoy the read and spread the word if you like our daily updates.


asia & australia
Delivery Hero acquires Down Under   The Australian food delivery market continues to heat up. Premium restaurant delivery service Suppertime has been acquired by German takeaway platform Delivery Hero for an undisclosed sum. Suppertime will continue to operate as an independent brand, and has recently expanded to Melbourne. ▪
Xiaomi under investigation   The Chinese electronics manufacturer is under investigation for an alleged violation of China’s new advertising law which bans the use of superlatives for promoting products. Xiaomi is set to launch its fifth generation smartphone Mi 5 in November. ▪
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Initiatives and announcements   Japanese retail company Fast Retailing, the owner of Uniqlo, has launched HELP, a global initiative to help clothe refugees. Meanwhile, Japan retail sales are causing concern as they only rose 0.8% in August. Vietnam delivers better results with retail sales rising 9.8% in the first nine months of this year. ▪
europe
Dutch design for Swedish furniture   Ikea has announced a collaboration with the Eindhoven-based designer Piet Hein Eek, who will create a collection of limited-edition furniture, set to launch in 2017. Two days earlier, the Swedish retail icon hit the headlines with its testing of movable walls to free up space for furniture. ▪
Tesco stops selling overseas assets   Britain's biggest retailer will not sell more overseas assets, according to chairman John Allen. In the UK, however, Tesco is reportedly in advanced discussions to sell 10 development sites to European investment giant Meyer Bergman for about GBP 250 million. ▪
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usa
Walmart axes HQ jobs   To make its operations more efficient, the US retail behemoth is planning to lay off hundreds of people at its headquarters in Bentonville, Arkansas. Up to 500 employees might lose their jobs, including senior managers. The cuts are expected to begin in the next week. ▪
Amazon keeps competition at bay   The e-commerce major is aiming to gain an edge on competitors in the video-streaming market by banning the sale of Apple TV and Google’s Chromecast. Meanwhile, eleven new brands are invited to join the company's Dash Replenishment Service programme, which enables customers to reorder frequently used products with the press of a button. ▪
A&P admits insider payments   The troubled supermarket chain revealed that in the months preceding its bankruptcy, a small group of executives awarded themselves nearly US$ 12.6 million in payments and bonuses. On Thursday this week, the auctions for A&P stores have started in New York. ▪
Kohl's offers coffee  The department store operator is testing small cafes at two of its 1,166 stores in a bid to increase traffic, re-invigorate its turnaround and spruce up its shopping experience. ▪
 digital developments
Omnichannel gets index   In collaboration with a digital consultancy, the National Retail Federation has launched a first-of-its-kind Omnichannel Retail Index to help retailers benchmark against industry best practices. The index includes strategies for online pick up in store, real-time inventory availability and mobile optimised websites. ▪
No online option no customers   A new survey by Mastercard shows that American and Canadian consumers will not make purchases if a retailer doesn't have an online, mobile or an in-app payment option. ▪

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