Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Friday, 16 September 2016

Hello, subscribers!
Consumer confidence during India’s festive season has led to a surge in temporary jobs and increased marketing spending. The EU targets Ikea over tax avoidance. In the UK, Waitrose scales back expansion plans, and in the US, Amazon adds beauty products to its Prime Now delivery service. Have a great day, and if you enjoy this edition, please share.


asia
Festivities prompt increased marketing   With consumers expected to spend up to 12% more during India’s four-month festive season, media planners predict consumer durable companies will increase their spending on marketing by as much as 10%. Consequently, there has been a surge in the availability of temporary jobs. ▪
Lazada partners in Vietnam   In an effort to cater to local consumers more effectively and support its message “whatever you buy offline, you can buy it online”, the Southeast Asian e-commerce giant has teamed up with 40 Vietnamese retailers. ▪
Parkson Retail quits China   In a move that is expected to increase its current-year earnings by US$ 72.5 million, the Malaysian department store company plans to sell its interest in Chinese subsidiary Huadesheng Property Management to two investment companies from mainland China. ▪
europe
Waitrose cuts expansion plans   Following an announcement that its parent company's, John Lewis Partnership, profits are down 15%, the UK grocer has scaled back expansion plans; now only half of a proposed 14 new stores will open. ▪
Ikea under scrutiny    Following on from Apple being ordered to pay taxes back to Ireland, European Union regulators are investigating whether Ikea avoided paying at least EUR 1 billion in EU taxes over the past six years +++ Meanwhile, striving to become a serious omnichannel contender, the Swedish furniture giant has opened its third click-and-collect location in England, this time in Birmingham. ▪
ADVERTISEMENT
 
Carrefour goes full fat   A total of 95 Normandy dairy producers have entered an agreement with the French multinational retailer to supply full-fat milk, which will be sold under the private label ‘Carrefour Quality’. ▪
usa & canada
Prime Now embraces beauty   E-commerce behemoth Amazon has added a beauty store to its Prime Now delivery service, which means customers can now order beauty products from Chicago retail institution Merz Apothecary. ▪
Walmart ramps up pressure    Due to continued dissatisfaction over fees applied to credit card purchases, from October 24, the big-box retailer will cease accepting Visa payments at all 16 of its stores in the Canadian province of Manitoba. This follows Walmart's decision in July to stop accepting Visa at three of its stores in Ontario. ▪
Dollar General creates jobs   Despite a drop in US retail sales during August, the US discounter has announced, in order to support its expansion plans, that it will hire 10,000 new staff, for both part- and full-time positions, within the next month. ▪
worthwile reads
Up to the challenge   "The E-Commerce Book – About a Channel that Became an Industry" is designed for people who want to understand the 'why' and 'what' of online shopping. German Retail Blog reviews the book. +++ Retailers such as Walmart and Best Buy are not only surviving, but thriving thanks to the rise of e-commerce, according to a report by Moody’s. ▪
Millennials enjoy a brew   According to a report by NDP Group, US millennials are embracing craft coffee methods of brewing such as French presses and pour over cones. The report found that young adults who brewed coffee in these ways were driven by creativity and personalisation because of the skill involved. ▪

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 lebensmittelzeitung.net

ImprintArchive