Tuesday, 24 January 2017
Hello, dear reader!
A rocky holiday season and declining mall traffic take their toll on some of retail’s biggest names in the US, among them Macy's and Sears. More than 10% of retail space may need to be closed, on top of thousands of stores that have already been shut down. So, are there too many stores in the States? Get informed about this alarming development and the vision of Chinese online giant Alibaba for America. Enjoy the read and don't forget to share the news.
asia & australia
Discover New & Exciting Foods at IFE 2017
From functional foods & free-from drinks to high quality Great British products, source 1,000s of innovative foods for your retail business at IFE 2017 (The International Food & Drink Event). Taking place 19-22 March in London, the home of innovation, visit the trade event to discover future food trends & find products from 1,350 global suppliers. Free tickets at
Carrefour cuts jobs Citing ongoing losses, the French supermarket chain has announced that it will close three Italian stores, which will result in the loss of 500 jobs. Over in Belgium, shoppers can rejoice as the retailer will increase the number of click-and-collect points and extend its home delivery network.
Lidl cares in Poland The German discounter has announced an increase in salaries of their employees by an average 9% and is set to create several hundred new jobs in the country. The company also offers medical insurance possibilities for the whole family.
usa & canada
Kroger on hiring spree The US supermarket operator is offering 10,000 permanent positions, almost exclusively at store level. The announcement, which came just three days after President Trump was sworn in, followed similar hiring plans by big US companies such as Walmart and Amazon.
Top level appointments Toy retailer Toys "R" Us has hired Pepsico veteran Carla Hassan to lead its global marketing efforts and home improvement retailer Lowe’s announced that Jocelyn Wong has been appointed to the position of chief marketing officer.
what to watch
Bleak outlook US retailers are facing increasing pressure as more of their business migrates to the internet. More than 10% of US retail space may need to be closed, on top of about 5,000 stores that have been shuttered recently according to data by real estate company CoStar.
Global ranking Every year, financial firm Deloitte publishes a list of the 250 largest retail chains in the world. Walmart remains number one, Germany's Schwarz Group is the leading European retailer and for the first time, Amazon is in the top 10. Acquisitions, divestitures, and exchange rate volatility shuffled the rest.