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

Hello, subscriber!
Korea’s largest online retailer, Gmarket, has partnered with Japan’s Rakuten to facilitate cross-border e-commerce between the two countries; Coca-Cola has failed to convince the European Union to trademark the design of its new bottle; in the US, Target outpaces Amazon in online sales. Have a great day, and don’t forget to share.

Cross-border partnership   Gmarket, Korea’s largest online retailer, and Japan's e-commerce giant Rakuten have announced a partnership to boost cross-border e-commerce with local merchants in both countries. Just a week ago, the Japanese retailer closed its market places in Singapore, Malaysia and Indonesia as part of a strategy overhaul. ▪
Carrefour Indonesia expands   Singapore GIC fund has agreed to invest US$ 387 million in PT Trans Retail, which operates stores under the Carrefour and Transmart brands. Despite an economy slowdown, the country remains a hotspot for foreign investors. ▪
Consumers want naturalness and clear information
An independent consumer study shows: consumers wish for natural food and drink with easy to understand ingredient information, especially when it comes to colour.
Find out how food and drink manufacturers can meet today's consumer demands.
Gionee invests in India   The Chinese mobile phone manufacturer is investing US$ 50 million to manufacture mobile phones in India. Gionee plans to increase its salesman workforce to 15,000 and to open 200 new shops across the country +++ Meanwhile, competitor Xiaomi is hoping that new features on its flagship smartphone, Mi5, will translate into sales. ▪
Sharp goes to Foxconn  Troubled Japanese consumer electronics maker Sharp agreed to a takeover by Taiwan's Foxconn, in what would be the largest acquisition by a foreign company in Japan's technology sector. The deal is said to be worth US$ 6.2 billion. ▪
Selling surplus and organics   Denmark's first ever food surplus supermarket called Wefood has opened in Copenhagen. Consumers will pay 50% less for groceries as the store only sells expired food +++ British retailer Tesco has announced that organic fruit sales at its stores grew by 18%, compared with an average growth of 8% across the UK market. ▪
Wins & losses   In Spain, supermarket chain Dia has reported gross sales of EUR 10.56 billion — 14 % growth from last year, while shares in luxury retailer Hugo Boss have tumbled by 20% — the largest fall since 2008. ▪
Coke’s trademark attempt fizzes   The soft drink giant’s latest attempt at securing European Union trademark protection for a modified version of its iconic bottle has failed. According to the EU, the bottle’s design isn’t distinctive enough. ▪
Target back to profit   The US's second largest retailer has outpaced Amazon in online sales for the fourth quarter, leading to a profit and sales of US$ 1.43 billion. Although Target's results are short of analysts' expectations, the company is closing the gap with Walmart online. ▪
More results   Shareholders of online marketplace are happy with 35.4% growth of its revenue for the fourth quarter +++ Home improvements retail chain Lowe’s has surpassed Wall Street's expectations with earnings of US$ 11 million +++ On the back of entering an agreement to be acquired by Staples, the Office Depot has reported a decrease in sales. ▪
UPS supports startup   California-based Deliv, a same-day delivery startup, is getting a funding boost from, surprisingly, United Parcel Service. The world’s largest transportation carrier is thought to be watching a market it doesn’t yet compete in. ▪
digital developments
Mobile dominates online sales   According to the IMRG Capgemini Quarterly Benchmarking Report, more than 50% of UK online sales are made through a smartphone or tablet  — up 40% from last year. ▪
Contactless payment catching on   German retailers are embracing contactless payment, according to the EHI Retail Institute. The study found 57.3% are now able to process contactless payments and a further 24.4% plan to learn how. ▪

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