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In Indonesia, there is a new wholesale chain called Smart Club; in the UK, Morrisons’ wonky vegetables have proven popular with customers and US retailer Target has appointed a new chief marketing officer. Enjoy the read, and don't forget to share. Have a great day.


asia & australia
News Down Under   Since entering the Australian market six years ago, the membership-only warehouse club seems to have reached critical mass. Costco’s Australian sales exceeded $AUS one billion in 2015 resulting in a rebound in profit +++ In other news, Coles has embarked on the risky strategy of embarrassing its suppliers in an effort to ensure prices stay down. ▪
Novopay introduces KYC wallets   The technology and banking services company has introduced the Novopay wallet. Known as the KYC (Know your customer) enabled wallet, Novopay’s phone and smartphone users will be able to withdraw funds and send funds to each other at Novopay agents/cash-out points anywhere in India. ▪
New Indonesian retail channel   Indonesian multi-format retailer Matahari Putra Prima has launched a new retail channel — a wholesale chain called Smart Club. Based on the concept of “one-stop buying”, Smart Club is aimed towards business customers. ▪
Morrisons’ popular wonky vegetables   To reduce waste, the UK grocer has added misshapen vegetables to a selection of supermarkets in Yorkshire and the North East region. The produce, which includes Brussels sprouts, onions and potatoes, is priced about one third lower and has resulted in a boost in sales +++  According to data from the IMRG MetaPack, online UK retail delivery volumes grew 40 % between October and November. ▪
Waitrose to trial grazing   The UK supermarket chain is planning 14 new outlets in 2016. Within these outlets they will trial a “grazing area” in Truro, Cornwell that is designed to facilitate informal wining and dining. Waitrose may roll out the concept nationwide if more people shop and, of course, spend more money. ▪
Best supermarket in the Netherlands   Gfk in association with Foodmagazine has named Jumbo Supermarkten the best supermarket in the Netherlands. Gfk says the supermarket is a worthy winner because of its “successful conversion of the C1000 chain" and “high performance”. ▪
Amazon considering leasing planes   To gain more control of its delivery methods and costs, particularly over the Christmas period, the e-commerce giant is considering leasing 20 Boeing 767 freighter jets. Meanwhile, Amazon India head, Amit Agarwal, says the debate over whether online retailers should focus on websites or mobile apps is “not meaningful”, as Amazon is a consumer company, not an app or web company. ▪
Walmart appoints new CMO   The US retailer will appoint Tony Rogers as US chief marketing officer when the incumbent, Stephen Quinn, retires next month. Mr Rogers, who has served as chief marketing officer in China, will lead all marketing functions. ▪
Target developing mobile wallet   According to reports, the US’s fourth-largest retailer is in the early stages of developing its own mobile wallet. This will pose a threat to recent entrants such as Apple Pay and raise questions about the viability of CurrentC, a plan by a number of retailers, including Target, to create a joint mobile wallet. ▪
trends to watch
Retailers right to blame weather   Retailers often blame poor results on the weather, usually without justification. This Christmas, though, as the second week of December was North America’s hottest for over half a century, they may be right to complain. ▪
The future of private-label brands   According to a Nielson study, private-label brands have become trusted, and 63% of European shoppers believe quality has improved over time. Some private label brands, such as Tesco’s Finest range, even command a higher price than their branded equivalents. ▪
More shopping online   A growing number of consumers prefer to make shopping decisions from home rather than going to busy stores. According to First Data, online sales growth has already surpassed physical store growth this holiday season with physical store sales up 2% and online sales up 4.6%. ▪

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