Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Friday, 13 January 2017

Hello, subscribers!
In Australia, department store David Jones reports pleasing half-year sales growth; in the UK, leading supermarket chain Tesco disappoints investors, despite recent good results and the juggernaut that is Amazon has announced plans to create 100,000 new jobs in the US. Make sure you have a great day, and if you enjoy this issue, please share.

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asia & australasia
Xmas results Down Under   In New Zealand, retail spending reached its highest ever monthly figures at NZ$ 6.5 billion, thanks to the continuing tourism boom +++ David Jones’ new South African owner, Woolworths SA, is happy with sales growth at the upscale department store during the first half of the year, which spans the 26 weeks to December 25. ▪
Poh Kong plans growth   Malaysia’s largest jeweller plans to open five new stores this year, two will be in the state Johor. The expansion is expected to cost about US$ 5.6 million. ▪
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The leading business platform for retail industry : C-star 2017
C-star - Shanghai's International Trade Fair for Solutions and Trends all about Retail, will be held in Shanghai from April 26 to 28, 2017. As the most international retail event in China, C-star covers four major product areas including Shopfitting, Retail Technology; Visual Merchandising and Stand Construction. More information, please visit
www.c-star-expo.com.
McDonald's offers Japanese business   After selling a majority stake in its China business earlier this week, the fast food giant is inviting bids for the sale of a 33% stake in its Japan unit, which has struggled with food quality issues. Meanwhile, the company’s Korean arm is embroiled in a franchise dispute after failing to meet agreement terms. ▪
europe
Tesco disappoints & appoints   Despite 1.8% more sales in the third quarter, the UK supermarket leader failed to meet investors’ expectations, which resulted in their shares losing as much as 4.1% in value. Effective March 1, Alessandra Bellini will become Tesco’s chief customer officer. Ms Bellini has spent the last 20 years of her career at Unilever. ▪
Argos goes real-time    The British catalogue retailer has partnered with software company Microlise to develop a tool that provides customers real-time information for their online orders. This will enable contact centre employees to advise customers of delays and provide accurate information about delivery times. ▪
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A record for Irish exports    In 2016, Irish agri-food and drink exports exceeded EUR 11 billion for the first time, according to figures released by the Irish Food Board. This milestone comes despite Brexit currency fluctuations. ▪
usa & canada
Amazon creates more jobs   The US e-commerce giant has announced plans to create a massive 100,000 jobs in the US within the next 18 months. The new positions will be in the areas of fulfilment, logistics, cloud technology and machine learning. Not surprisingly, president-elect Donald Trump is taking credit. ▪
Major job cuts    As it changes its store staffing model, home improvement giant Lowe’s will lay off less than 1% of its more than 285,000 workforce, which still affects thousands of jobs. Over in Canada, Agropur Dairy Co-operative and Saputo, two of the country’s largest dairy processors, are axing 346 jobs, mainly staff responsible for stacking merchandise in stores. ▪
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After 15 years as MDD Expo,
the benchmark event for private label in the French market, M.A.D.E.* is the result of a natural evolution that follows the international development of the exhibition through a changing retail market. On 28 & 29 March 2017, M.A.D.E.* will bring together manufacturers of own label products and buyers from all distribution channels across Europe for 2 days dedicated to co-creation.
www.madeparis.com
American Apparel gets a buyer   There is a winner in the quest to purchase the bankrupt American brand, and it's not recent bidder Amazon. Canadian apparel manufacturer Gildan Activewear Inc. has purchased the intellectual property and some assets for US$ 88 million. Gildan, however, will not purchase American Apparel’s 110 retail stores, which leaves its retail future uncertain. ▪
latin america & south africa
Expoalimentaria returns   The most important trade show in Latin America is coming back to Lima, Peru, in September this year. The event will feature over 1,640 local products and 680 exhibitors from over 26 countries. ▪
Woolies SA enjoys growth   According to a just-released trading update, sales for the South African retailer increased 6.7% from the previous year, though parts of its business were impacted by Boxing Day. Woolworth’s clothing and merchandise sales rose by 3.5% and food sales rose by 9.5%. ▪

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