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Retail Update - powered by LebensmittelZeitung

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Aldi is hiring in the UK, Rakuten closes marketplaces in Southeast Asia, and Whole Foods has a new idea how to attract millenials. Find out about these stories, changes on the executive floor, legal issues and more. Enjoy and please keep on sharing RetailUpdate!


asia & Australia
Rakuten exits Southeast   The Japanese online retailer plans to shut down its e-commerce marketplaces in Singapore, Malaysia and Indonesia as part of a strategy overhaul. The company's latest results revealed a 38% net profit loss year-on-year +++ In India, Flipkart's new CEO Binny Bansal aims for his company to become a match for Chinese e-commerce giant Alibaba.  ▪
Chat app potentials   32.1 billion red envelopes - monetary gifts given during holidays or special occasions - were sent out via China's mobile messaging service WeChat during the Lunar New Year, heating up China's mobile payment battle. Messaging services present an enormous advertising opportunity for retailers, who use artificial intelligence to push their brands.  ▪
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Takeover target vet and pet shop chain    Australian pet care group Greencross, which has rejected a AU$ 770 million takeover bid, reported a 18.7% first half profit jump ▪
europe
Aldi expands more   The German discounter has announced it will hire 5,000 more staff in Britain this year, a move which will take numbers to a total of more than 32,000 employees. At the beginning of the year,  the budget chain has revealed that it plans to open 80 new stores in 2016. Not only Aldi gives established retailers headaches, a new grocery delivery service in Dublin, called Buymie, is taking on supermarkets at online shopping. ▪
Brantano jobs saved   An acquisition of most of the shops and small concessions of the British discount shoe chain Brantano, which went into administration last month, saved about 1,400 retail jobs. The deal is controversial as the buyer, private equity firm Alteri, owned Brantano before it collapsed.  ▪
99p acquisition harboured hidden losses   Recent accounts revealed that the UK discount chain's losses were worse-than-expected long before the takeover through its competitor Poundland was finalised. ▪
USA
Venturing offshore   US technology giant Apple is reportedly about to open its first technology development centre outside its home country in Hyderabad, India. The facility is expected to create 4,500 jobs +++ Entering new markets in other US states, is Florida-based grocery chain Publix. ▪
Whole Foods new line of business    Plans are to go unconventional with the company’s new 365 outlets, which may soon house tattoo parlours. The organic food supermarket chain is making an effort at further cutting costs, while it is looking at a significant year ahead ▪
Exec changes   As Jodee Kozlak moves on to become global HR chief for Alibaba Group, Stephanie Lundquist will take over as HR chief at Target +++ After the sudden departure of Victoria's Secret CEO Sharen Jester Turney, Leslie Wexner will take over the role +++ Christophe Guille has been appointed as PepsiCo's general manager of its newly formed division for Central Europe and Greater Balkans.  ▪
Legal Matters
Carrefour investigated    The French retailer has had its offices searched as part of an investigation into its commercial negotiations. Milk and meat producers in France have protested repeatedly about aggressive pricing pressure from retailers. ▪
M&S and H&M accused   Following a recent report, both clothing retailers, which have active public declarations regarding their stance on fair labour, have been accused of violating worker’s rights in their factories in developing countries.  ▪
Tesco sued   Property developer High Peak Developments is suing Tesco for refusing to release a protective agreement on land surrounding a store in Derbyshire. ▪

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