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Retail Update - powered by LebensmittelZeitung

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Target is participating in the launch of a new visual recognition app, Shoppers Drug Mart offers a personalised digital experience and Australia's Woolworths has partnered with Telstra to communicate wirelessly with its customers. Read about these digital experiments, new store openings, Chinese partnerships and a lot more.


asia & australasia
Woolies seals Telstra deal   The Australian supermarket giant has signed up Telstra to offer mobile services direct to its customers. Under the deal, Woolies will offer wireless communications services using Telstra's 3G network. ▪
Kiwi companies announcements   Medical device maker Fisher & Paykel Healthcare has beaten its forecast for annual profit and says earnings will rise further +++ Fonterra has confirmed board member, Sir Ralph Norris, will not continue his term. The dairy giant has this week revealed its lower than expected milk price forecast.  ▪
Entering the Chinese market with Alibaba   German football club Bayern Munich has just openend a flagship store on Alibaba's Tmall and Yahoo Japan partners with the Chinese e-commerce giant to expand in China. ▪
Massive investment in Middle East  Almarai, the largest dairy group in the Gulf region, plans to invest EUR 5.1 billion from 2016-2020. The group says the investment would cover expansion in the areas of farming, manufacturing, distribution and logistics. ▪
B&M steps up expansion    Discount retail group B&M has revealed that it will open 60 stores in the year ahead after reporting soaring sales and profits.  DIY chain Kingfisher has already sold a dozen of its B&Q outlets to B&M after another tough quarter for the company. ▪
More store openings   Bestway Group has relaunched its first two Well pharmacies. The new brand will be rolled out across the entire pharmacy estate +++ Online musical instrument retailer Gear4music plans to open a flagship store in London’s Soho.  ▪
Eroski sees turnover decline   Spanish supermarket chain Eroski has posted profits of  EUR 90 million for the full year to 31 January 2015. Turnover was EUR 6.1 billion, which is 2% lower than the previous year. The retailer explained the slip with the launch of the Eroski Club loyalty platform.  ▪
USA & canada
Amazon works on its own food line   The e-commerce giant is reportedly preparing to expand its private-label brands to include an array of grocery items (paywall) such as milk, cereal, and baby food. The company has just launched free same-day delivery for orders of more than US$ 35 for Prime members in select areas. ▪
Omnichannel strategies   Retailer Target is participating in the initial launch of a new app from Shazam with visual recognition functionality. Furniture retailer American Signature employs technology from Blueport Commerce to link store and digital experiences and Shoppers Drug Mart offers members of its loyalty programme personalised digital experience. ▪
Result revelations   Wholesaler Costco reports rising profit  but sluggish sales in the third quarter of fiscal 2015 +++ Discount chain Fred’s beats Wall Street expectations for profit despite swinging to a net loss +++ Abercrombie & Fitch posts a wider-than-expected loss and drop in revenue for its first quarter. ▪
developments to watch
Google launches new mobile payment   Apple Pay will soon have a new rival. Google has unveiled its mobile system for contactless payment called Android Pay at a conference in San Francisco on Thursday. ▪
Billion pharma settlement   Teva Pharmaceutical will pay US$ 1.2 billion to settle US antitrust charges in a long-running "pay for delay" case. The Federal Trade Commission called it a landmark agreement (paywall).  ▪

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