Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Friday, 08 April 2016

Hello, dear reader!
John Lewis offers its customers a smart home experience, Harvey Nichols targets men with spectacular boutiques and Whole Foods reveals details of its new 365-store format. These exciting concepts are featured in today's issue as well as some thought-provoking articles about possible future scenarios for the Metro demerger and Brazil's economic challenges, which are perfect for weekend reads. Enjoy!


asia
Asos closes in China   The London-based online fashion retailer will shut down its Chinese operations and serve its customers there through its global platform and ship clothes from Europe. The division, which was launched 3 years ago, made a loss of GBP 4 million this year. ▪
Banana Republic heads to India   American fashion label Banana Republic plans to open its first store in India by February next year and will team up with Arvind Retail, which already has a strong relationship with parent company Gap. The two are currently scouting for locations. ▪
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Samsung on track   The South Korean electronics giant surpassed market expectations with its first-quarter profits at US$ 5.6 billion. Moreover, it has received several awards for its innovative technology in the US. Just recently, Samsung has applied for smart contact patent that puts an embedded display and a camera in front of users' eyeballs. ▪
europe
Price and payment strategies   UK supermarket chain Sainsbury’s announced it will drop its 'Brand Match' promotion and focus on the reduction of everyday prices +++ French convenience store chain Franprix is testing a new payment method that will replace traditional checkouts +++ A price comparison site has been launched in Portugal that enables consumers to compare prices in various supermarkets. ▪
Inspiring store ideas   Upmarket department store company John Lewis will open a smart home shopping section in its Oxford Street flagship to "demystify" the technology for its customers. Over in Knightsbridge, rival Harvey Nichols has unveiled its overhauled and spectacular menswear section. ▪
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Ocado deals with Publix   The British online supermarket is set to export its automated warehouse technology overseas and is reportedly in talks with US supermarket chain Publix to finalise a deal to sell this technology as a package. ▪
usa & Mexico
Innovative expansion plans   Texas-based supermarket chain Whole Foods Market will reveal its new 365-store concept in May in California, promising "to curate a unique experience" +++ Specialty retailer Petco plans to open seven new and seven remodelled stores as part of its 2016 growth plan. ▪
Victoria's Secret restructures   The lingerie label, owned by L Brands, is trying to stay ahead of its impressive sales momentum by restructuring. 200 employees will be laid off in New York and Ohio as part of the makeover, which will see Victoria's Secret divided into three units. ▪
Online partnership   E-commerce giant Ebay and tech company Bigcommerce have entered a strategic relationship, which allows merchants of the latter to list their products and manage their inventory on the Ebay marketplace, giving them access to more than 162 million buyers globally. ▪
insider insights
Demerger opens fresh perspectives   Metro's decision to split the company’s Media Markt and Saturn consumer electronics business from grocery chains Metro and Real took the industry by surprise last week. German Retail Blog summarises inspiring future scenarios and tells you what the retail giant could learn from Jimi Hendrix. ▪
Improving business environment    Brazil is facing one of the worst economic crisis in its history. The solution to the economy’s recovery, many say, is through increased productivity, stability and predictability, but the country must first improve its business environment. Here is what some analysts say. ▪
Less choice and more entertainment   Dr. Gary Mortimer from Queensland University of Technology business school takes a closer look at the challenges Australia's supermarket operators are going through at the moment. ▪

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