Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Thursday, 14 July 2016

Hello, dear reader!
Shinsegae, Starbucks and Google give mobile payment a boost in Asia and Australia. South Africa's Steinhoff has finally sealed the deal with British discount chain Poundland. In the US, Amazon enjoyed soaring sales on Prime Day, while retail sales in Brazil continue to decline. Read also about the latest sustainability commitments of some retail giants. Have a great day.

asia & South pacific
Pushing mobile payment   Korean department store company Shinsegae will offer Samsung Pay in all its outlets, which include Starbucks cafés. Meanwhile, the Seattle-based coffeehouse chain has launched its mobile payment app in 2,200 stores in China and Google has introduced its smartphone payment system Android Pay in Australia. ▪
Kiwis produce less milk   Fonterra's milk collection plummeted 10% in the first month of the 2017 season, the Auckland-based dairy cooperative confirmed in its monthly Global Dairy Update, which also showed that milk production in New Zealand dropped 2% in the 12 months until May. ▪
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Steinhoff gets Poundland   The British discount retailer has finally agreed to a GBP 597 million takeover deal by South African retail conglomerate Steinhoff, as the latter looks to further expand its European interests. The Guardian ponders what might have triggered the change of heart. ▪
Pop-up and digital experiments   French retail giant Carrefour has signed a promotion agreement with digital start-up Artefact to find out which products should be ‘pushed’ into prominence online +++ Online marketplace Ebay is eyeing the possibility of opening pop-up or click-and-collect points at some Sainsbury's stores. ▪
Waitrose pleases suppliers    The British retailer promised to cut the time it takes to pay its small UK food producers to a maximum of seven days. More than 600 UK food producers will benefit from the change, Waitrose said. ▪
usa & latin America
Amazon thrives on Prime Day   The US e-commerce powerhouse enjoyed a global orders surge of 60% on its second annual Prime Day, compared with last year’s event, despite reports of glitches at the online checkout. Analysts reckon estimated sales were between US$ 500 and US$ 600 million. ▪
Walmart gets active   The US big-box retailer has not been sitting idly by while its competitor Amazon racks up attention and claims that signups for its shipping pass have more than quadrupled since the free trial offer was announced. Walmart has also entered a strategic relationship with Publicis to have "best-in-class marketing available". ▪
Struggles in Brazil   Retail sales fell again and no recovery is expected soon as Latin America’s largest economy fights to emerge from its worst recession in decades. France's Casino Group, however, can't complain about sluggish sales in Brazil. It managed to lure shoppers into its cheaper Assai cash & carry stores and beat the estimates with its revenue report. ▪
sustainability commitments
For better milk and eggs   Citing growing consumer demand, German discounter Lidl plans to convert its dairy supply chain to GM free, and British retailer Tesco is determined to stop sourcing eggs from caged hens by 2025. ▪
Metro fights against hunger   The German retail group partners with the UN World Food Programme to combat hunger. The partnership wants to 'empower customers to donate, engage employees in fundraising, and share expertise between the two organizations'. ▪
Source beats price   When shopping for seafood, consumers are prepared to put sustainability before price and to pay an average of 11% more than the market price for a certified product, according to the Marine Stewardship Council. ▪

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