The German discounters continue striving overseas, and European supermarkets take their business to China and Oman. Target raises the minimum wage for its employees, and Nordstrom follows in the footsteps of other department store chains slashing hundreds of jobs. Enjoy the read and don't forget to share - RetailUpdate is FREE.
Asia & Australia
Going East British grocer Waitrose will sell its products in China through the Royal Mail store on Tmall Global, an online marketplace operated by Alibaba. Germany-based Metro Cash & Carry will expand its operation in the country by entering the convenience store sector under the brand MyMart, opening its first two stores in Shanghai next month.
Europe & middle east
Spar explores Oman The Netherlands-based multinational plans to open 24 outlets in the sultanate by 2017, tapping into the largely unexploited retail outlet market there +++ Over in Latin America, Chilean department store chain Falabella enters the Mexican market through a joint venture with Mexico's second-largest supermarket chain Soriana.
Target raises pay In a second increase in a year, the discount retailer has started raising employee wages to a minimum of US$10 an hour. The move traces back to a competitive job market, while labour groups demand higher wages at retail chains.
Strategical downsizing In a cost-cutting move, department store chain Nordstrom axes 400 jobs, mostly at headquarters and in regional offices, joining the ranks of Walmart’s, Penney’s and Macy’s. As it claims to be narrowing its focus, Uber's food delivery service UberEats ceases its 'instant' option in New York City, only one month after the app was launched.