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

Hello, subscribers!
Delivery services are a hot topic in retail. Be it a 'game-changing' approach by Britain's Asda or the intension to use drones for sending flowers by Germany's Blume 2000 - the market is in for a shakeup. Payment options also remain in the headlines. Read about the most recent moves by Topshop and Apple. Enjoy today's issue and have a great day.

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asia & australia
Entering East Asia   Warehouse club Costco has launched its online shopping mall in Korea. It is the first country in Asia the US company has entered +++ Fast casual chain Shake Shack has opened its first restaurant in Tokyo and reportedly plans nine more by 2020. ▪
Australian expectations   Wesfarmers, parent company of supermarket giant Coles, is optimistic that its retail businesses continue to perform strongly, but expects its resources division to make a loss. Meanwhile, Fonterra's Managing Director Judith Swales is convinced that the Australian operations of the NZ dairy giant will become profitable next year. ▪
Otto Group partners in China   The Germany-based globally operating company and JD.com, China's largest online direct sales company, announced a joint venture to promote international brands on the JD.com platform. ▪
europe
Unveiling delivery options   Blume 2000, Germany's largest flower delivery service, plans to utilise drones for flower deliveries in collaboration with California-based drone shipping service Skycart. Meanwhile, British grocer Asda has launched a service to allow customers to collect and return orders from other retailers in-store. ▪
IT strategies and payment offers   Online grocer Ocado is teaming up with IT service provider Questers to concentrate on the strategic expansion of its software development arm and reach into new markets +++ UK fashion retailer Topshop has introduced a range of contactless payment accessories in collaboration with Barclaycard. ▪
Apple creates jobs in Ireland   Chief executive Tim Cook said this week that the US tech giant will offer 1,000 new jobs in the country, regardless of the looming European Union decision on its Irish tax arrangements. Over in the US, Apple is about to develop a service that would allow consumers make mobile payments to each other.  ▪
usa & canada
Tackling Black Friday   Walmart is pulling back on the Black Friday frenzy this year. For the first time ever, the majority of its special deals will be available online. Dick's Sporting Goods, on the other hand, plans to woo shoppers with social media promotions on this exciting day.  ▪
Waiting for approvals   Grocery store company Smart & Final expects to get approval to take over 32 Haggen stores. Meanwhile, Vancouver-based footwear and apparel e-tailer Shoes.com is hoping to bolster its business with the acquisition of California-based accessories brand Richer Poorer. ▪
Shopify makes shopping easy   The e-commerce company has launched Sello. The new app allows retailers to create a free online store by posting photos of the products they want to sell, and then adding price and a brief description. No coding is involved. ▪
latin America & africa
Expanding despite slowdown   Department store company Falabella, which operates in Chile, Argentina, Peru, Colombia, Brazil and Uruguay, reported higher-than-expected profit and sales. The company is expanding steadily in a region of economic turbulences. ▪
Profits and pricing in Brazil   JBS SA, the world's largest meat processing company, headquartered in Sao Paolo, announced that its net income more than tripled in the third quarter. Competitor BRF SA, the country's second largest company, said that it isn’t planning any price increases in its home market until next year. ▪
Lewis expands in Southern Africa   The Cape Town-based furniture retailer has announced the acquisition of 62 Ellerines and Beares stores in Botswana, Namibia, Lesotho and Swaziland. The group is committed to job preservation through this transaction.  ▪

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