Shanghai retailers enjoyed record sales over the holiday period, A & P stores fail to sell and high street retailer Argos is now offering same-day deliveries. All these stories and more feature in today’s RetailUpdate. And if you enjoy this edition, please don’t forget to share it. Have a great day!
Walmart plans new stores in India The retail giant plans to grow its Indian network by opening five new stores in Himachal Pradesh. The investment is expected to amount to about $US 10 million and generate 2,000 new jobs.
Forest fires lead to product removals Singapore’s largest supermarket chain is taking toilet rolls and other products produced by Asia Pulp & Paper (APP) off their shelves. This is in response to APP being held responsible for recent forest fires that swept through Southeast Asia.
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.
Holiday shopping high in Shanghai Over the holiday period from September 24 to yesterday, retail sales in China’s most populated city were 10.3% higher than the same period last year. Of all outlets, only convenience stores reported a decline in sales.
High street retailer offers same-day service Argos is now offering a same-day delivery service across the UK, and they are the first high street retailer to do so. The new Fast-Track home delivery service has led to almost 3,300 new driver jobs.
Jet.com jettisons membership fee Just three months after its launch, the fledgling online marketplace is cancelling its $50 annual membership fee in order to broaden its appeal. Now, without one of its biggest revenue earners, Jet will have to grow rapidly to a size where profits margins are better.
New appointments Fred’s Super Dollar has appointed former Walgreens senior operator John Foley as company executive of VP store operations. He is replacing Mike Holligan, who will become regional VP of store operations +++ The chairman and CEO of the TJX department store companies, Carol Meyrowitz, will step down on January 31, 2016. Ms Meyrowitz will be replaced by Ernie Herrman who will keep his current title of president.
Stick to the KISS rule The results of a new online survey by PCA Predict indicate that online retailers should stick to the KISS principle: Keep It Simple, Silly. Of the 300 consumers surveyed, 84% said they abandon e-commerce order forms if they are too long and complicated.
Fraud costs digital goods retailers millions According to a new study conducted by Javelin, retailers that sell digital products such as streamed movies and MP3s each spend on average a massive US$ 10.1 million every year due to fraud — and this doesn’t count typical frauds such chargeback fees or loss of goods.