Hello, dear reader!
China's slowdown has hit luxury brands such as Louis Vuitton, Burberry and Hugo Boss. Europe's hot summer and booming ice cream sales helped consumer goods giant Unilever boosts its revenue. Over in the US, Walmart is under pressure to gain momentum. Get inspired by today's collection of retail news and spread the word if you enjoy the read.
asia & new Zealand
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.
Diwali e-sales competition The e-commerce war on festive sales intensifies. Smartphone giants such as Samsung, Apple and Google are set to engage in a battle royale with their latest models. Big winners of the festive season so far are price comparison sites with a 40-50% increase in traffic.
Kiwis approve China deal Shareholders in New Zealand largest meat processing company, Silver Fern Farms, have agreed to a joint venture with Chinese food giant Shanghai Maling, which is to take a 50% stake.
Argos teams up with Ebay The British general merchandise retailer and the e-commerce giant have announced that they have signed a multi-year partnership that will allow Ebay’s sellers to drop-off products at stores nationwide for delivery. The service will start with 150 stores before the end of 2015.
usa & Canada
Walmart under pressure In a bid to claim sales momentum and improve customer service experience, the US retail giant unveiled a remodeled supercentre in Arkansas. The company plans to offer free online grocery shopping in Tampa and other Florida cities in order to become more competitive in the web-driven business.
Crunch time for daily deals People are complaining of “daily deal fatigue” and Livingsocial, the Washington-based local deals platform part-owned by Amazon, is laying off 200 people to reorganise its operations. Last month, its big rival Groupon announced 1,100 layoffs.
Uchumi cuts jobs Kenya-based supermarket operator Uchumi has closed down its loss-making Tanzanian and Ugandan businesses and sent home 900 staff. The company hopes the closures will help stabilise its Kenyan operations.
Shoprite under scrutiny South African-based retail company Shoprite is under investigation by the National Credit Regulator for breaches of the National Credit Act. The company is accused of reckless lending and faces fines.