Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Thursday, 22 September 2016

Hello, dear reader!
With online shopping on the rise, a number of retail heavyweights are investing in the e-commerce side of their businesses, among them Sainsbury's in the UK, Interspar in Austria and Albertsons in the US. Swedish retailer Ikea plans online stores in India, and Carrefour has launched an innovative concept in Taiwan. Read these stories and more in today's issue.


asia & Australia
State-of-the-art store formats   French retailer Carrefour has opened its 88th store in Taiwan, which is said to be the most modern to date. Nature's Care, an Australian manufacturer of health products, plans to launch luxury stores in Hong Kong and Shanghai, and German sporting icon Puma has introduced its first Forever Faster flagship store in Sydney. ▪
Ikea gears up for India   The Swedish furniture retailer will go online after its first store opens in Hyderabad in 2017, but only in regions where physical stores are also planned. The company will eventually launch 25 stores in India. In the UK, Ikea has given its website a makeover (paywall) with plans to roll it out globally. ▪
Pepperfry increases its reach   The Mumbai-based online furniture and home decor marketplace has raised new money for expansion. The five-year-old company plans to double its reach and open its concept stores, called Pepperfry Studios, in 20 more cities in India. ▪
europe
E-commerce investments   British grocer Sainsbury’s will close its digital entertainment subsidiary and has opened an online fulfilment centre (paywall) in London to cope with rising demand. Interspar has launched Austria's biggest online grocery store with the full range of its fresh food offering in Vienna with the idea of expanding the concept nationwide. ▪
Attracting customers   British supermarket chain Morrisons has partnered with student discount provider Unidays to take 10% off the price of supermarket essentials for students, and Manchester-based Co-operative Group has introduced a new membership loyalty scheme, encouraging members to engage with the business. ▪
ADVERTISEMENT
 
Chicken king saves turkey giant   Ranjit Boparan, the food tycoon who owns British manufacturer 2 Sisters Food, has purchased Bernard Matthews, Europe’s biggest turkey producer. The acquisition will save the jobs of 2,000 workers and secure the continuation of the company's current pension arrangements. ▪
usa & canada
Target pleases shareholders   The US discounter announced a US$ 5 billion share buyback plan to reinforce the company's commitment to returning cash to its shareholders. The retailer also supports start-ups with its Target+Techstars accelerator programme, which saw 11 innovators delivering their ideas recently. ▪
Albertsons goes digital   The Idaho-based grocery chain is set to expand its e-commerce operations. Using MyWebGrocer's platform, Albertsons plans to add click-and-collect and delivery options at several of its banners. ▪
Walmart rewards workers   The world's largest retailer paid more than US$ 200 million in cash bonuses to nearly a million hourly workers across the United States. The employees are being rewarded for helping to improve customer satisfaction. ▪
africa
Expansion expenses   Botswana's leading supermarket chain, Choppies, reported a slump in earnings due to pre-operative expenses in Zambia and Kenya. Nevertheless, the retailer is set to continues its expansion into neighbouring countries. Guinness Nigeria, which is considering selling some of its products in South Africa, posted its first loss in at least 30 years. ▪
Energising Edcon   The struggling South African clothing retailer is now owned by creditors after US company Bain Capital handed over ownership in a debt-for-equity swap deal valued at US$ 1.5 billion. Edcon is determined to get back to the business and has no plans to sell its flagship chain, Edgars. ▪

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