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French-based Groupe Casino is launching a new convenience store chain in France and  an American lifestyle brand targets China. Retail spending for October in the US rose at its slowest pace this year. These stories and more feature in today’s RetailUpdate. If you enjoy the read, don’t forget to share.

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asia
New territory for Snapdeal   Through partnership with banks and HDFC's Credila, the e-tailer is now offering loans for education and automobiles. Meanwhile, celebrity endorsements can be a double-edged sword, and Snapdeal is distancing itself from controversial comments made by actor Aamir Khan. ▪
US lifestyle brand targets China   In an effort to expand into China, US lifestyle fashion brand BCBC Max Azira has teamed up with e-commerce solutions provider VoyageOne. Through VoyageOne, BCBG Max Azria’s flagship line is now available to Chinese consumers on Alibaba’s Tmall. ▪
Ebay launches in South Korea   The US online marketplace has announced that it is partnering with Homeplus via its subsidiary Gmarket to offer same-day deliveries for online fresh food orders. The new arrangement will mean more than 30,000 items can be ordered. ▪
europe
Tesco risks industrial action   The Unite union is advising Tesco to revise its “pitiful” pay offer or risk industrial action. Meanwhile, 15 Tesco stores throughout Glasgow will offer free fruit to children. The scheme, which will see boxes of fruit displayed near store entrances, comes in the wake of a successful trial in Lincolnshire. ▪
Ups & downs for German retailers   Metro shares are on a three-month high after the German retailer promised to pay more of its earnings to shareholders +++ Hugo Boss is pessimistic about Chinese and US markets, which will have an adverse impact on sales this year. ▪
Casino launches convenience stores   The French retailer is about to launch Casino Shop, a convenience-store chain that will operate in France’s urban areas. Casino Shop is intended to be fast, easy and pragmatic and designed specifically for City dwellers. ▪
usa
Slow US retail spending in October   According to data from the Commerce Department, US retail spending rose at its slowest pace this year for the second month in a row. Consumer spending, which amounts to 70% of US economic activity, rose just 0.1% in both September and October. Despite this, US consumers, particularly the middle-class, remain optimistic about their incomes and finances. ▪
More funding for Jet.com   The online retailer has secured US$ 350 million in new funding and has verbal commitments for an additional US$ 150 million. This means that the company has now raised US$ 750 million, which will be used mainly to build its brand and attract customers. ▪
Structube eyes the US   Just in time for Black Friday, the Canadian furniture retailer has launched its e-commerce website in the United States. Structube, which has 47 stores in Canada, also plans to open brick-and-mortar stores in the US. ▪
trends to watch
Missing out on omnichannel returns   Most large retailers offer omnichannel return capabilities, which means buy online and return instore. However, according to a new study of 25 major retailers by StellaService, most retailers are missing opportunities. ▪
Popular destinations for e-shoppers   New research from PayPal reveals that the UK is the world’s third most popular shopping destination for international online shoppers. However, supermarkets are missing out, as new research conducted for City A.M. showed. Giants Asda and Tesco have experienced a significant drop in traffic to their sites over the last year. ▪
Google trialling SMS service   Several start-ups such as Magic, Fetch — even the well-established Facebook — are trialling message-based virtual assistants that make buying easier. Now Google is getting on board with its own SMS-based alerting service. ▪

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