Alibaba and Tencent are feeling festive, with plans to ring in the Chinese New Year with massive cash giveaways on their online platforms. It was less holiday happiness for Hasbro, which saw a sharp drop in quarterly revenue. Across the Atlantic, Lidl welcomes a new head of German operations. Enjoy the read, and don't forget to share.




Thursday, 08 February 2018





Hello ,

Alibaba and Tencent are feeling festive, with plans to ring in the Chinese New Year with massive cash giveaways on their online platforms. It was less holiday happiness for Hasbro, which saw a sharp drop in quarterly revenue. Across the Atlantic, Lidl welcomes a new head of German operations. Enjoy the read, and don't forget to share.

ADVERTISEMENT
Banner





Europe


Under new management ▪ Head of Lidl Germany Marin Dokozic has left the company, with Matthias Oppitz from the grocer’s Board of Directors stepping into his place. LZ Retailytics discusses the reasons behind the departure, and takes a look at the role competition with rival Aldi has played.



Expansion plans ▪ Spar Slovenia has launched a new online store, with a choice of drive-in pick-ups or home delivery. Russian Spar franchisee Intertorg plans to increase its store count by more than 100 outlets in 2018, and Britain's Co-op is to open 10 new stores in Yorkshire.



Organic growth ▪ Sales of organic food and drink in the UK rose 6% to a record GBP 2.2 billion last year, marking the sixth consecutive year of growth after sales plummeted following the recession. The figure beat the previous all-time high of GBP 2.1 billion in 2008.




Asia and Australia


Happy New Year ▪ Users of Alibaba's Taobao Marketplace digital shopping app and Tencent's QQ platform have reason to celebrate this Lunar New Year, as the ecommerce majors plan to give away US$ 826 million over the holiday season as digital cash gifts.



Changes of approach ▪ GS Retail will rebrand Watsons stores in Korea as Lalava, to appeal to the health and beauty chain's youthful main demographic by giving it a younger vibe. Following poor sales, Wesfarmers has announced that unprofitable Australian Target stores could be converted into Kmarts.



Digital decisions ▪ Tencent has bought a stake in Shanda Games, furthering its position in the global games market. Japanese online retail leader Rakuten will combine its Rakuma and Fril flea market services into a single app, as it seeks a greater share of a market dominated by rival Mercari.




US & Canada


Cooling down ▪ Toymaker Hasbro reported a surprise fall in its quarterly revenue, with a net loss of US$5.3 million in the fourth quarter, one reason being the impact of the Toys ‘R’ Us’ bankruptcy.



Law and disorder ▪ Lululemon has faced demands from analysts and shareholder advocates for more disclosure about the sudden resignation of its CEO. The Canadian athleisure manufacturer has also filed a lawsuit against a group of unidentified counterfeiters selling knock-off Lululemon apparel online.



Seafood pizazz ▪ US supermarket giant Kroger bets on value-added options by expanding its ‘Easy For You!’ quick-prep meals programme and adding a self-service feature, aiming to increase seafood consumption and drive sales from restaurants back into the supermarket.




Unusual and Remarkable


Ad trouble ▪ Discounter Poundland's risqué Christmas ads featuring a toy elf in suggestive poses have been banned by the UK's Advertising Standards Authority following numerous complaints. Scottish bakery Thomas Tunnock has also gotten in trouble with the ASA for what it deemed a "sexist and offensive" poster for Tunnock's tea cakes.



Stretching offerings ▪ Waitrose is introducing a trial of evening Yoga in three of its stores, with classes run by qualified local instructors and intended to cater to all levels. Places can be booked online with the grocer to review whether to expand the programme at the end of the trial.