Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Wednesday, 20 April 2016

Hello, dear reader!
Visa and Walmart are determined to reduce waiting time at the checkout, while Amazon offers more payment options. With the help of Alibaba, New Zealand businesses will get a boost in China. Over in Europe, Sainsbury's fights exposure of pricing and Unilever claims the top spot in sustainability. Enjoy the read and share the news.


asia & Middle East
Alibaba supports Kiwi businesses   The Chinese online giant and government agency New Zealand Trade & Enterprise have signed a memorandum of understanding to strengthen trade between the two countries. It will help more New Zealand farmers and small businesses sell their products in China. ▪
Wesfarmers streamlines   The Australian retail group, which recently announced job losses at its Target chain, got the axe out in Britain (paywall), where 149 employees of newly acquired hardware chain Homebase will be made redundant. Industry insiders wonder whether Wesfarmers is making bad decisions. ▪
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Fashion giant enters Dubai   Yoox Net-a-Porter has set its sight on the booming Middle Eastern market. The luxury online fashion retailer has sold a EUR 100 million stake to Dubai businessman Mohamed Alabbar, owner of Dubai Mall, which claims to be the most visited destination in the world ▪
europe
Sainsbury's protects its pricing   Pricing information is particularly sensitive in the supermarket industry, argues British supermarket operator Sainsbury's and is determined to fight exposure of its pricing secrets in a lawsuit with Visa over credit card fees. Several other retailers are involved in the case.  ▪
AB Foods focuses on sugar   The London-based company, owner of Primark, sees "significant profit growth" in sugar next year, which should balance out the slowdown at the clothing chain. ABF boss George Weston criticised the government for its proposed sugar tax. ▪
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Zalando enjoys growth    The German online fashion retailer signalled it may accelerate spending on marketing and technology in coming months, and invest in opportunities to boost sales. Revenue rose by nearly a quarter in the first three months of 2016.  ▪
usa
Speeding up checkout time   Leading payment card issuer Visa improves its smart chip-embedded cards and retail giant Walmart speeds up the transactions at the checkout by removing a prompt to confirm the amount charged. Rival Amazon has plans to introduce a new monthly subscription offer for Amazon Prime ▪
Convenience with Curbside   US drugstore and pharmacy chain CVS Health has partnered with and invested in California-based startup Curbside to create click & collect service CVS Express, which allows customers to make purchases via the company's mobile app and pick them up at a nearby store. ▪
Mergers to fuel competition   The enterprise unit of Ebay has merged with Innotrac, a global e-commerce fulfilment firm, to create an omnichannel fulfilment company called Radial  +++ Taking on Amazon, Seattle startup Porch.com is teaming up with online retailer Wayfair to offer home installation and assembly services.  ▪
Sustainability matters
Unilever takes the lead   The Anglo-Dutch multinational has won the top spot from Oxfam's Behind the Brand's campaign for sustainability and human rights. Nestlé and Coca Cola ranked second and third. The report showed an improvement across the industry, but performance on transparency was poor. ▪
Food becomes energy   Supermarket chain Stop & Shop has opened a 'Green Energy Facility' in Massachusetts. The innovative facility will convert inedible food from the company's over 200 New England stores into energy that will help power the company's distribution centre. ▪

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