Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Friday, 11 November 2016

Hello, subscribers!
Alibaba rakes in the money during Singles’ Day in China, Carrefour faces a legal lawsuit in France, Tesco partners with the British Forces Post and German Retail Blog investigates the impact president-elect Donald Trump will have on German retailers. Have a great weekend, and if you enjoy this edition, please share.


Alibaba makes a killing   Within just five minutes of the 24-hour shopping marathon known as Singles’ Day, the e-commerce behemoth made sales of US$ 1 billion. According to analysts, Alibaba's Singles' Day sales are likely to be 29% higher than last year. ▪
H&M coming to Vietnam   The Swedish fashion brand has signed up to open its first store in the country in 2017. H&M also plans to open stores in Colombia, Iceland, Kazakhstan and Georgia that same year. ▪
Pleasing result for E-mart    South Korea’s largest retailer reported a 11.5% increase in sales in October, including a 13.1% rise in food sales, which could indicate that the recently introduced anti-corruption law, which sets limits on the value of gifts and paid meals that can be provided to public employees, could be having an effect. ▪
Tesco fastens deliveries   The UK retailer is embracing Remembrance Day by partnering with the British Forces Post to deliver products to British military worldwide. In an effort to minimise mileage and reduce cost, Tesco has installed Microlise Fleet Tracking systems on the trailers of its transport fleet in Hungary, Slovakia, Poland and the Czech Republic. ▪
Legal trouble for Carrefour    Following an investigation, Europe’s biggest retailer is being sued by the French government for unfairly pressuring its suppliers to reduce prices. Consequently, the value of Carrefour’s shares have sunk by 3.5%. ▪
Concern over Brexit prices hikes   The UK’s largest bicycle retailer, Halfords, says the cost of importing bikes from Asia has surged since the Brexit vote. As a result, prices are beginning to move upwards +++ Meanwhile, Sainsbury’s CEO Mike Coupe has issued a statement asking suppliers to “mitigate their own costs” before raising prices. ▪
Trump card for retail   Will President-elect Donald Trump be good or bad for German retailers? While Aldi and Lidl in the US might face some obstacles, it could get easier for Metro Group and hypermarket operator Globus to deal in Russia. German Retail Blog explores the implications the new presidency could have. ▪
Amazon to reimburse   In 2014, the e-commerce giant was sued by the Federal Trade Commission that claimed it was too easy for children to purchase goods without their parents’ permission. Now a federal judge has stipulated how Amazon must reimburse affected customers. ▪
Holiday offerings   Walmart will begin its Black Friday online sale three hours earlier than last year and has increased the amount of merchandise by 50%. And for the first time, the big-box retailer will launch early Black Friday deals on its mobile app starting this Thursday. ▪
consumer trends
Deals disappoint   According to the Computop 2016 Holiday Shopping Study, 62% of shoppers will sit out Cyber Monday this year, despite 76% planning to shop online over the holidays, due to the deals not being as good a previously. ▪
Consumers want faster shipping   Thanks to Amazon leading the way with fast shipping options, shoppers now expect their favourite brands to follow suit. The 2016 Deloitte Holiday Study found that only 42% of those surveyed considered three-to-four-day shipping fast compared to 63% last year. ▪

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