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Retail Update - powered by LebensmittelZeitung
Tuesday, 03 May 2016

Reinventing private-label brands seems to be a world-wide trend. Today, it is a US retailer refreshing its own brand. An Australian businessman claims to be behind what has been a mystery in the tech sector up until now. In the UK, not all may be lost for BHS, and in India, some baristas will soon enjoy a 5-day week. Find out about these stories and more. Please share, RetailUpdate is FREE.

Asia & Australia
Who invented Bitcoin?   Australian entrepreneur Craig Wright claims to be the creator of the controversial digital currency. The inventor has previously only been known under the pseudonym Satoshi Nakamoto. However, the revelation has been met with a good part of skepticism. ▪
Woolies has long-term goals   In spite of the grocery giant losing share to competitors Coles, Aldi and Costco across the third quarter, CEO Brad Banducci sticks to his turnaround plan and predicts 'a three- to five-year journey to rebuild Woolworths supermarkets' +++ Within the country, New South Wales remains the region with the strongest economy with Victoria gaining 'substantial ground'. ▪
5-day week introduced   As possibly the first in the Indian café industry, Tata Starbucks announced the adoption of a 5-day week for its over 1,200 employees across the country +++ The number of fashion and accessories brands, which are taking the easy road to India by selling on third-party marketplaces, keeps on growing. ▪
Hope for BHS   English tycoon Mike Ashley has confirmed that he still plans to buy the high street chain, which went into administration last Monday, and thus save its brand, stores, and staff. ▪
Suffering blows   With their announcement of further price cuts in June, milk processors Müller and Dairy Crest pass the pressure in the dairy market on to the farmers +++ Swedish Investment AB Kinnevik is pulling its representatives from Rocket Internet’s supervisory board, another blow for the German internet company, which has lost almost one-fourth of its value this year. ▪
Amazon employs   Not only does the US e-commerce giant plan to invest and hire massively in the UK this year and in 2017, the company has also been found to be the highest paying tech firm for junior employees in the country. ▪
USA & Latin America
Struggling stores   While teen retailer Aeropostale is preparing to file for bankruptcy this week, experts expect the large majority of Sports Authority stores to close, and health and wellness retailer GNC is reviewing its strategy, including the option of a sale. ▪
Food Lion says 'Cha-Ching'   The operator of over 1,100 supermarkets is realigning its entry and mid-tier private brands, including the launch of a new entry price point brand - 'Cha-Ching' +++ Employee-owned supermarket chain Publix's revenue rose 4.5% year-on-year to US$ 8.7 billion for its first quarter. ▪
New ventures   While party supply retailer Party City has opened its first store in Mexico and plans 80 more openings in the country, eBay is taking another step toward a full-scale retailing platform with the introdution of its new section eBay Wine. ▪
Technology trends
Robots at work   While Target is conducting a one-week trial of a robot tracking inventory at a store in San Franciso, a veil of secrecy has been lifted in the UK, where the use of robots at an Amazon warehouse in Doncaster has been revealed. ▪
The search for the best   With a 'Technology Open Call', Walmart asks startups to present their innovative ideas, searching for inspiration in the field of tech. A recent study found Costco to lead amongst online retailers in both performance and reliability.  ▪

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