Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Friday, 28 October 2016

Hello, subscribers!
As US e-tail giant Amazon announces profit growth for the third quarter, which has disappointed analysts, it prepares to launch its start-up programme in India. Meanwhile, big-box retailer Walmart is trying a new strategy for the holidays. Have a great day, and if you enjoy this edition, please share.

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asia & australia
Launchpad comes to India   Within two months, US e-commerce giant Amazon plans to bring its start-up programme, Launchpad, to India, which will give newcomers a leg-up when breaking into the online marketplace. ▪
E-commerce in Vietnam   Major South Korean retailer Lotte Group has launched its e-commerce site, ‘Lotte.vn,’ in Vietnam. The site will utilise the networks of its other stores, such as Lotte Department Store and Lotte Mart +++ In what appears to be the result of a policy change by its owner, Thailand’s Central Group, Big C Vietnam will close its e-commerce site, Cdiscount. ▪
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Big plans Down Under    To deliver a ‘customer-centric experience’ for travellers, Melbourne Airport has announced plans to redevelop its International Terminal 2. The redevelopment will include laneways-style retail, gourmet hospitality and luxury shopping. ▪
europe
Expansion and retreat strategies    The British icon Marks & Spencer plans to close its flagship Paris department store as the struggling UK retailer seeks to scale back operations and spark a revival. +++ Meanwhile, Lidl Spain is currently looking for sites for new stores that are zoned for both commercial and residential use. ▪
Beer for the blind   Italian microbrewery 32 Via Dei Birrai has embossed braille onto the bottles of eight of its beers, becoming the first brewery to do so. ▪
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Striving for sustainability   German retailer Edeka is sticking to its pledge to plant one tree for every 100 paper bags sold during two days in June and has announced plans to plant 500 trees in Gottswald, Germany +++ In Paris, the inaugural Consumer Goods Forum Sustainable Retail Summit has started. Over two days, attendees will debate solutions for socially and environmentally sustainable business. ▪
usa
Confidence falls as profits rise   E-commerce giant Amazon has posted a profit of US$ 252 million for the third quarter. However, this was below analysts’ expectations and has resulted in a 5.7% drop in share price. Meanwhile, internal documents have revealed that Amazon plans to open 20 brick-and-mortar stores in the US over the next two years and believes the market has room for 2,000. ▪
Walmart’s holiday strategy   To compete with rivals Amazon and Target, the big-box retailer will emphasise customer service this holiday season by having the widest range of merchandise available and making it easier for shoppers to get it +++ Though Black-Friday weekend isn’t expected to generate record revenues, a report by BlackFriday predicts that Monday sales will be the biggest yet. ▪
Wayfair offers flexible finance   Through a partnership with financial services company Affirm, the US home improvements e-commerce company is offering customers a new financing option to go with its private label credit card. Shoppers can purchase goods and then make monthly payments. ▪
survey results
Barcode to reduce food waste   In support of ‘The Grocer’s Waste Not Want Not’ campaign, international not-for-profit GS1 says it is time for UK retailers and suppliers to adopt DataBar (paywall), a barcode for fresh food that incorporates best-before and use-by dates. ▪
Mobile shoppers just looking   Though more smartphone users in the US are searching for goods and services online, they are failing to follow through and buy, according to Adobe's Digital Insights. Adobe predicts mobile will account for 53% of digital traffic this holiday season. However, mobile revenues will equate to just 34%. ▪

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