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

Hello, subscribers!
With Amazon in the US finalising the lease of 20 Boeing jets and Alibaba in China securing a US$ 3 billion loan, it is interesting times for e-commerce. In the UK, councillors declare their support for proposed changes to Sunday trading laws and Tesco sets its sights on the mobile market. Have a great day, and don’t forget to share.


asia & australasia
Alibaba signs five-year loan     The e-commerce giant has signed up for a loan worth US$ 3 billion. The five-year syndicated loan will enable Alibaba continue acquiring stakes in other companies +++ Meanwhile, Australia's Victorian Government has partnered with Australia Post to increase the number of local businesses selling into China through  Alibaba’s Tmall. ▪
Achievements Down Under   Australia's competition watchdog has approved Coles acquisition of 5 independent Supabarn stores, after the retailer reduced the scale of its bid. The retailer has more reason to rejoice as its private-label products are starting to gain ground on German rival Aldi’s lines  +++ New Zealand retail chain Briscoe Group is “cautiously optimistic” after posting a full-year profit of NZ$ 47.1 million, beating their forecast. ▪
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Pre-owned trade gets easier   Internet classifieds platform Quikr has launched online payments. Previously, buyers and sellers of second-hand goods had to meet physically to exchange goods and cash. Now they can complete entire transactions without leaving home. ▪
Tesco eyes mobile market   The British grocery retailer is planning to expand its presence in the mobile market and buy O2 out of its joint network venture, a turnaround from last year’s attempts to sell off Tesco Mobile to fix finances. ▪
Change is afoot for Sunday trading   In Britain, over 100 council leaders have declared their support for the Government’s proposed changes to Sunday trading laws, the most significant changes in 20 years. According to new figures, extended Sunday trading hours would benefit the UK economy by as much as GBP 1.5 billion. ▪
Figures from France & Spain   Affected by poor sales in Brazil, French retailer Groupe Casino has reported a 35% drop in full-year earnings +++ French retailer Système U has posted sales growth for 2015 of 2.3% +++ Thanks to booming worldwide sales, Spanish fashion retailer Zara has reported net profit for 2015 increased by 15%. ▪
Amazon leases airplanes   As it strengthens its delivery capacity in the US, the e-commerce behemoth has finalized an agreement to lease 20 Boeing jets from Air Transport Services Group Inc. The goal is not competing with rivals, such as Fedex or USP, but work on improving its own logistics, according to Amazon. ▪
Step-ups & step-downs   Pennsylvania-based supermarket company Weis Markets  has appointed Crystal Osunde as Director of Pharmacy Operations as well as Ed Sheedy to the newly created position of Director of Category Analysis +++ The CEO of gourmet foods gift retailer and distribution company, Jim McCann, will transition to the position of Executive Chairman while his brother Chris McCann will take over as CEO. ▪
Lunds & Byerlys get personal   In an attempt to stay competitive, the Minneapolis-based grocery retailer is teaming up with omnichannel commerce technology provider Unata to start a new e-commerce and digital customer engagement programme. ▪
developments to watch
E-commerce growing pains   UK warehouse space isn’t growing fast enough to meet the runaway growth of e-commerce. A new report by property consultancy Lambert Smith Hampton claims that if the present construction rate of warehousing continues, the demand for space will exceed supply by 25 million square feet by 2020. ▪
Virtual mobile shopping   A cutting-edge mobile app is poised to cause some big changes in consumer buying behaviour. The @home: Your Space app allows you to use your smartphone or tablet to browse items from the @home catalogue. Then, using the camera on your device, you can place items virtually inside your home. ▪

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