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

Dear subscribers,
Although a run on shops is usually welcomed by retailers, it does entail its risks. Tesco experiences this firsthand - the success of its Clubcard Boost promotion prolongates delivery times and last year's Black Friday chaos motivates the retailer not to open its Extra store doors before 5 am this year. Find out about this and many more stories and enjoy the read.


Asia & Australia
Slowing revenues expected for   A rise of 52% in year-on-year revenue for Q3 marks the first quarter-on-quarter decline in revenue and the slowest annual growth rate in years for the Chinese e-commerce powerhouse, which forecasts sales growth slowing even further. ▪
E-commerce payment practices   China's plan to open its domestic transactions market might help MasterCard to a double-digit annual growth in credit card transaction volumes in the country, mainly in e-commerce. In India, payment wallet firms fear to get locked out of the booming sector as online marketplaces such as Snapdeal replace them with their own subsidiaries. ▪
Southeast Asian developments   Indonesian retailer Ramayana is planning to open at least 15 Spar stores this year, reaching 55 more stores 2018. In Singapore, Apple is likely to launch its first store in the country, which will be solely powered by solar energy, in 2016.  ▪
Cooperations in Australia  Holly Kramer, former Best & Less CEO, has been approached by Woolworths to join its board as non-executive director +++ Moving on from purely online sales, jobs platform Airtasker will be selling gift voucher cards through Woolworths, Coles and Big W stores.  ▪
Ahold Delhaize names exec team   Supermarket chains Ahold and Delhaize announced the proposed executive committee of the new company Ahold Delhaize, effective upon completion of the proposed merger of the two. ▪
Investing in stores   French retail group Auchan will be spending EUR 1 billion on its hypermarkets, mainly on the renovation of existing stores +++ Italian supermarket chain Crai opened 154 new stores during the first quarter of 2015 +++ Swedish furniture giant Ikea eyes opening an 'order-and-collection point' in Oxford Street, Britain's busiest shopping street. ▪
Tesco takes its time   Amid security concerns, the British grocer will open its Extra stores at 5am instead of midnight on Black Friday this year +++ Probably due to the popularity of its Clubcard Boost promotion, Tesco Direct had to impose a minimum five-to-seven days delivery estimate. ▪
Questionable generosity  Consumer group Which? found that not all major retailers and supermarkets they analysed give generously through their charity Christmas card offerings.  ▪
Apple Pay enters Canada   In the third country, after the US and UK, Apple Pay will be launching in Canada today. ▪
Dollar General expands its area   The variety stores chain is building a new distribution centre in Wisconsin, the 14th facility in its growing distribution network. ▪
Developments to Watch
Europe takes on US multis   Members of the special committee on tax rulings of the European parliament have accused major US businesses, such as Facebook, Google and Amazon, of diverting profits,  paying virtually no tax in the EU countries where they operated and denying governments vital funds. ▪
Taxation in question   While the Indian government is working on the definition of 'e-commerce' to untangle key issues such as taxation and foreign investment in the expanding sector, the state government of Telangana is already planning to impose a tax on e-commerce companies. In New Zealand, new digital and cross-border services GST rules might impact on foreign online services from next year. ▪
Bottled glacier water   China has already become the world’s largest bottled water consumer as well as a major producer and the market is expected to grow further.  Water from Tibet’s mountain glaciers is considered a new possible point of growth for the country's booming industry. ▪

If this newsletter was forwarded to you, subscribe here!
For questions or comments please contact us here

To advertise in Retail Update click here

RetailUpdate is a product delivered to you by