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

Greetings!
'Singles Day', originally a day for people of such relationship status in China, has become the world's largest online shopping day and is motivating US retailers to take action, too. The big American November holiday, Thanksgiving, divides the brick-and-mortar retailers in those that will open their doors that day - and those that won't. Enjoy the read of those stories and more.

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asia
Indian e-commerce climbs ladder of success   Whilst Flipkart's latest revenue results exemplify the unabated growth of India's online retail sector, the country's government is expected to issue a clarification on e-commerce tax norms to prevent operators of marketplaces from being taxed.  ▪
Hire and fire in India   A recent wave of lay-offs has rippled through Indian start-ups, often executed in a not very deliberate manner and with a potential negative effect on future hiring. Against the trend, e-commerce platform Paytm announced to hire 3,000 employees for its payment bank operations.   ▪
'Singles Day' rivalry   On the battlefield of the world's largest online shopping event 'Singles Day', China’s largest e-commerce players, Alibaba and JD.com, have been putting on a tough battle. The shopping holiday of Chinese origin has also prompted US retailers to team up.    ▪
europe & Middle East
Tesco sees 'lethal' risk   Dave Lewis, CEO of the UK's biggest supermarket, has warned of business rates and national living wage mixing to a 'lethal cocktail' for retailers and pleas for business rates to be minimised +++ Analysts are predicting that the grocery wars have taken their toll on Sainsbury's and expect a massive profit fall when the company announces results on Wednesday. ▪
Expansion, entry and exit   Dutch multinational retailer Spar will add another 21 to its three existing stores in Oman by the end of 2018 +++ Spanish department store chain El Corte Inglés is reportedly preparing to enter the Italian market +++ French supermarket group Intermarché is leaving Serbia, selling its nine supermarkets to local rival Aman. ▪
German discounters on top   Aldi and Lidl are found in pole position of recent reports. Both discounters are seen as the world’s top brands in the UK for the hassle-free shopping experience they give customers. In a global 'simplicity' ranking, Aldi comes first and Lidl third. ▪
usa
Supercentres reopen   After the sudden closure of five of its supercentres earlier in the year, which provoked some speculation about the backgrounds, Walmart reopened four of these featuring some new layouts and design. ▪
Parting of the ways at Thanksgiving   Whereas some stores have made a point of keeping their doors closed this Thanksgiving, toy retailer Toys 'R' Us and discount retailer Target, will be welcoming shoppers in the evening of the public holiday. ▪
Macy's board grows   The retailer is increasing the size of its board to 14 members with the nomination of Frank Blake, recently former chairman and chief executive officer of Home Depot. ▪
digital trends
Facing the scan   Facial recognition software, meant to identify suspected shoplifters, is being used by many US retailers according to the software provider FaceFirst and has the potential to be extended to identifying and rewarding loyal customers. Privacy issues are a concern. ▪
Highlighting the image   Google and Amazon have tackled variations of visual search functionality before, now Pinterest has added a visual search tool to its platform. Industry insiders expect the market for US search advertising to be US$29.2 billion next year. ▪
Gaining 'Siri-like intelligence'   Four out of nine retail trends, which e-commerce platform provider Demandware predicts for 2016, are related to growing IT automation. ▪

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