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

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Gain some insights about the strategies of one of the largest retailers in the world, which has seen a most turbulent year - German Retail Blog has had the opportunity to speak with John Allan, Chairman at Tesco. In other news, Toshiba expects a record loss, Carrefour opens in Ivory Coast, and the office mega merger in the US is not easy to accomplish. Enjoy the read and please continue to spread our update.

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Asia & Australia
Toshiba confirms job cuts   Last week's pronouncements have become a definite, as the Japanese giant will cut nearly 7,000 consumer electronics jobs and sell its television manufacturing plant in Indonesia, which leads the company to expect a record loss for the year through March to about US$ 4.5 billion.  ▪
Alibaba to finish fake   The largest Chinese e-tailer is aiming to root out fake goods and has appointed Matthew Bassiur to eliminate their sale on its platforms. The company's online payment platform Alipay will soon be competing against Apple Pay, which is set to enter the Chinese market in 2016.  ▪
Star Bazaars to multiply  Trent Hypermarkets, a joint venture of Indian Tata Group with UK’s Tesco,  changes its strategy to focus on smaller stores. The store count of Star Bazaar is planned to grow 10-fold over four years.  ▪
New CEO for BIG W  Woolworths' decision to appoint Sally Macdonald to run BIG W and EziBuy from January next year has been welcomed by its shareholders. ▪
  europe
Tesco's Chairman talks    In an interview with German Retail Blog, John Allan talks about the turnaround strategy of the struggling UK retailer after the accounting scandal +++ Sir Ken Morrison, former head of Morrisons, has surprised by putting a stake of GBP 6 million in yet another of the UK's 'big four' - Sainsbury's. ▪
New looks, new space   In Portugal, German discounter Lidl has introduced its  new store concept +++ French multi Carrefour has launched an online shopping site in Poland. ▪
USA
'No' to mega merger   Staples' offer to sell or end US$1.25 billion of its commercial contracts could not rescue its intended merger with Office Depot - the US Federal Trade Commission rejected it, as the deal would raise prices for corporate customers. Staples is not willing to surrender just yet and will negotiate further. ▪
Successful deals   In more fruitful attempts, Westfield has sold five of its US shopping malls for US$ 1.1 billion, and Kroger has completed the acquisition of Milwaukee-based grocer Roundy's for US$ 800 million. ▪
Christmas shipping delayed   E-commerce company Jet.com is experiencing problems in getting items to their customers on time for Christmas +++ The hybrid 'click and collect' shopping also proves to have its pitfalls ▪
africa
Deacons relinquishes Woolworths   The Kenyan clothing and household goods retailer wholly gives up the Woolworths brand by selling its remaining 49%  stake in Woolworths Kenya to South African Woolworths. ▪
Carrefour enters market in Ivory Coast   The French retailer and its African partner CFAO have inaugurated their first hypermarket in Ivory Coast in the country's capital Abidjan.  ▪
Tackling anticompetitive practices   Competition law is expected to play a critical role on the African continent in 2016. In South Africa, the partial implementation of the Competition Amendment Act is expected. ▪

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