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Retail Update - powered by LebensmittelZeitung
Wednesday, 23 March 2016

Hello, subscribers!
In India, two ex-Flipkart executives are about to embark on a new venture, in Britain, Morrisons has become one of the UK's top 20 fashion retailers and in the US, Walmart plans to build its own dairy processing plant. Have a great day, and please share.


asia & New Zealand
New chapter for ex-Flipkart duo   Two high-profile executives previously employed by the e-commerce company are about to launch a new venture. This time, Mukesh Bansal and Ankit Nagori, who left Flipkart suddenly last month, will venture into healthcare and fitness. ▪
Logistical investments   In order to enter the courier sector, Chinese clothing manufacturer Dayang Trands Co will purchase the Alibaba-backed courier company YTO Express for US $2.7 million +++ Meanwhile, in an effort to increase efficiencies and reduce operating costs, Indian grocery retailer BigBasket has signed up with electric vehicle manufacturers to overhaul their fleet. ▪
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A loss for Pumpkin Patch   The New Zealand children’s wear retailer has posted a loss in sales in its half-year report. The company’s sales fell 16% for the six-month period leading to January 31. Adding to their woes are problems with their website. ▪
europe
Retail ethics   In an effort to combat what it calls the “fruit and vegetable mafia”, Italian retailer Coop is investing EUR 1 million through targeted checks of its suppliers. They will examine areas where cases of illegal employment practices, worker exploitation and food scams are most common +++ Meanwhile, Aldi has received praise from the National Farmers’ Union (NFU) for being the only supermarket chain to sell British lamb only. ▪
Morrisons top 20 in fashion   Thanks to their burgeoning adult and children’s wear basics label, Nutmeg, the supermarket chain has become one of the UK’s top 20 fashion retailers. In the year to January 2016, the label exceeded 3.1 million transactions. ▪
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Great results   Majestic Wine-owned company Naked Wines has achieved a new milestone: GBP 100 million in sales in its last financial year +++ Bucking the trend that has hurt many other UK luxury goods retailers, Jimmy Choo grew its profits in 2015. The company attributes their success to new store openings, increased demand in Asia and a weaker Euro. ▪
usa
Walmart to build plant   In a move that will reduce business with some of their suppliers, including Dean Foods Co, the US retailer has announced plans to build a dairy processing plant. The plant, which will be located in Indiana, will supply private-label milk to about 600 stores. Meanwhile Disney’s Brian Besanceney has been named as Walmart’s new chief communications officer. ▪
Retail expansions   Groupon’s on-demand food delivery app, OrderUp, is now available in another city. A number of neighbourhoods in Pittsburgh will be able to use the service +++ On May 18, Ikea will open a new store in Las Vegas—the biggest single-use retail rooftop solar array in Nevada. ▪
Lumber Liquidators settle   In order to settle allegations that some of its products violated air-safety standards in California, the under-fire flooring retailer will pay US$ 2.5 million. This is the latest penalty Lumber Liquidators has paid due to previously selling Chinese-made laminate flooring. ▪
developments to watch
Millennials driving change   According to a new study, by 2025, brick-and-mortar stores will require far-reaching redesign. The study by technology market intelligence firm ABI Research says millennials are dictating how stores use technology to create a shopping experience. ▪
Digital provides best ROI   According to a survey of marketers, 82% plan to spend more on digital advertising. The survey by RBC Capital Markets and Ad Age found 57% of marketers allocate 20% or more of their budgets to digital; 23% allocate even more than half. ▪

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