Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Friday, 18 March 2016

Hello, subscribers!
In India, online sellers are unhappy with e-commerce platforms such as Amazon and Flipkart for not sharing the expenses incurred by returned goods. In Europe, Sainsbury’s and Steinhoff get more time to prepare their bids for Argos. In the US, Amazon has been asked to allow shareholders to vote on gender pay equality. Have a great day, and don’t forget to share.

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asia & australia
E-commerce sellers unhappy   Online merchants in India are unhappy that platforms such as Amazon and Flipkart refuse to return commissions and share logistical costs when goods are returned. To convey their concerns, about 1000 sellers have formed the eSeller Suraksha Forum +++ Meanwhile, the High Court of Uttarakhand has granted Flipkart an interim stay on an entry-tax levy in the state. ▪
Domino's build a robot   Domino’s in Australia has built, what they claim, is the world’s first automated pizza delivery vehicle. The four-wheel vehicle drives on footpaths and can reach speeds of 20 kilometres per hour. ▪
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europe
Approval for supermarket deal in Germany  Germany's Economy Minister overturned a decision by the competition watchdog and approved a deal for Edeka, the country's biggest supermarket group, to buy grocery chain Kaiser's, on condition that jobs are not lost. Rival supermarket chain Rewe said it would fight the deal by filing a complaint with a German court.  ▪
Waitrose innovations   In order to grow its share of the horticultural market, the UK retailer has released Waitrose Garden, a 132-page gardening magazine.  In other news, Waitrose is trying out a new mobile app. The app will enable myWaitrose customers to use their phones to scan product barcodes as they put products in their shopping trolleys. ▪
Bidders for Argos get a reprieve   Sainsbury’s and Steinhoff have been given more time to prepare their bids for the British retailer. Both companies originally had until 5pm on 18 March to finalise their bids. However, the UK Takeover Panel says that if one confirms its bid on Friday, the other will get an automatic extension of 53 days to reply. ▪
usa
Amazon should allow vote   The e-commerce behemoth has been told by the US Securities and Exchange Commission to let shareholders vote on a gender pay equality proposal that was submitted to them and eight other companies by Arjuna Capital. Of the nine companies to receive the proposal, only Amazon sought permission to omit it. ▪
Best Buy cultivates talent   In the next 10 years, 77 percent of all jobs will require technology skills. So, to ensure they don't miss out on IT talent, the Best Buys Teen Tech Centre network will open four new centres this spring to provide after-school programming training. ▪
developments to watch
Luxury brands lax with digital   Customers who shop both instore and online usually spend about 50% more a year than those who just shop instore. However, according to a new report by customer engagement specialists ContactLab, many luxury brands are failing to capitalise by linking their brick-and-mortar and online sales platforms. ▪
Online growth continues   The strong online sales experienced at the beginning of the year are continuing, according to the latest figures from IMRG Capgemini eRetail Sales Index. February online sales grew 18%. ▪

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