Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Wednesday, 27 July 2016

Hello, dear reader!
Competition in India's e-commerce sector ramps up with Flipkart's acquisition of online fashion site Jabong. After a setback in the US, Amazon carries out its drone delivery tests in Britain in partnership with the UK government. AB InBev has raised its bid for SABMiller, and Tesco buddies up for health and wellbeing. Enjoy the read and don't forget to share. 

asia & australasia
Flipkart gets Jabong    The Indian online shopping giant has acquired Rocket Internet-backed fashion portal Jabong in a US$ 70 million 'discount' deal. Competition in the sector is further fuelled by Amazon India's announcement that it will offer its Prime membership programme in more than 100 cities. ▪
Chinese growth strategies   Tapping into the US television market, Beijing-based tech company LeEco spent US$ 2 billion to buy Californian TV maker Vizio. Shenzen-based smartphone maker Huawei plans to open 15,000 new retail stores around the world, and Chinese meat giant New Hope cooperates with Alibaba subsidiary Alicloud for targeted sales. ▪
Boosting exports   Latest statistics from New Zealand reveal that the country's kiwifruit exports hit record levels in June across all destinations. Over the ditch, Wine Australia described the 2016 vintage as "sensational" with higher prices paid for wine grapes and a bigger intake of fruit. ▪
Amazon trials drones in Britain   After its clash with US regulators that stopped the online powerhouse from carrying out deliveries by drones, the retailer has partnered with the UK government and is allowed to test and develop the unmanned flying machines in rural and suburban areas. ▪
Healthy developments   In a bid to better utilise its larger stores, Tesco has teamed up with Holland & Barrett to introduce a health and wellbeing ‘store in store’ format in a number of Tesco supermarkets. Meanwhile, specialised nutrition business Naturhouse has launched a total of 260 stores in 18 months. ▪
AB InBev sweetens brew deal   Dealing with the fall of the British Pound post-Brexit, the world's largest brewer, Anheuser Busch InBev, has raised its US$ 100 billion-plus bid for SABMiller. The takeover was cleared by US authorities last week, but is still awaiting regulatory approval in China. ▪
usa & canada
Improving shopping experience   US pet supplies retailer PetSmart has selected IT firm Cognizant to become more customer-focused and data-driven. Beauty chain Sephora has introduced two new interactive tools to relaunch its private-label brand. In addition, the company is partnering with popular dating app Tinder. ▪
Investing in stores   Despite a plunge in second quarter earnings, sneaker maker Skechers is set to expand internationally and expects to open 200 new stores by the end of 2016 +++ Italian marketplace Eataly will open a second outlet in New York in the next weeks. ▪
survey results
Weather impacts   The wet and cool weather at the start of the summer in the northern hemisphere contributed to the worst year-on-year sales figures since 2014 at Britain's leading supermarkets, reports Nielsen. Data from Kantar Worldpanel also shows slow growth for the UK grocery sector. ▪
Home currency preferred   A survey by online translation agency One Hour Translation revealed that 80% of British consumers refuse to purchase from websites that do not post their prices in British Pounds. ▪
Keeping fruit fresh   Corrugated packaging keeps fruit fresher and safer than reusable plastic crates and can significantly reduce contamination from transferred microorganisms according to research of the University of Bologna. ▪

If this newsletter was forwarded to you, subscribe here!
For questions or comments please contact us here

To advertise in Retail Update click here

RetailUpdate is a product delivered to you by