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Retail Update - powered by LebensmittelZeitung

Hello, subscribers!
Flipkart opens new pick-up centres in India, John Lewis introduces a new in-store spa concept and Subway partners with Paypal to make paying easier. Also, a recent study exposes several myths about millennial behaviour. These stories and more feature in today’s RetailUpdate. Enjoy the read.


asia & New Zealand
New pick-up centres for Flipkart   On Tuesday, the online retailer introduced 20 pick-up centres in 10 cities throughout India. These 'experience zones' will enable customers to pick up products purchased online. Meanwhile, Flipkart has hired Krishnendu Chaudhury and Ravi Garikipati, both from Silicon Valley, to head image sciences and to play 'entrepreneur in residence', respectively. ▪
Fat profits for Briscoe's   As they head towards a hostile takeover of Kathmandu Holdings, the New Zealand retail group has announced an increase in first-half profit of 8.1%. Here’s what the analysts say (paywall) about Kathmandu. ▪
Asian retail highs and lows   Japanese retailers selling summer goods such as sunscreen and frozen treats are enjoying bumper sales thanks to temperatures reaching up to 35 degrees +++ Meanwhile, in Indonesia, consumer confidence deteriorated in the first quarter as the economy and stock market worsens. ▪
Sainsbury's sells pharmacy business   For GBP 125 million, the UK’s second-largest retail chain has sold its 281-store pharmacy business to Celesio, the owner of the Lloyds Pharmacy chain. Analysts (paywall) say the deal makes sense. ▪
New in-store spa concept for John Lewis   The British retailer is preparing to open its new flagship store this September.  The store, which will be located in Birmingham, will have an exclusive beauty spa concept called ‘& Beauty’ +++ Meanwhile, Etsy (paywall), is poised to be the latest e-tailer to move into the UK brick-and-mortar space, as it plans to launch in Selfridges this Christmas. ▪
Morrisons hires another non-exec director   In an effort to turn around its fortunes, the struggling retailer has appointed Belinda Richards as a non-executive director, and chairman of their audit committee. Ms Richards will start in September. ▪
Digimarc speeds up checkout time   Struggling to find a product's barcode at the supermarket could soon become a hassle of the past. German Retail Blog reports that the Beaverton/Oregon-based company has developed a way to make invisible barcodes that span an entire product’s packaging. This is expected to speed up scanning times by at least a third and is currently being tested by Walmart. Meanwhile, Walmart is ensuring suppliers understand their expectations for product labelling. ▪
Companies doing good   In support of the US government’s climate-change initiative, PepsiCo has pledged that, by the end on 2016, it will increase its sustainable farming of fresh produce such potatoes, corn and oats +++ Ahold USA has joined an initiative that requires Florida tomato suppliers to increase farmworker pay and protect workers from forced labour and sexual assault. ▪
Subway partners with Paypal   On Thursday, the fast-food restaurant giant announced new updates to its mobile app and website, which include adding Paypal. This will enable customers to pay when ordering remotely or when in-store using the Subway app’s mobile payment feature. ▪
survey findings
Think you know millennials? Think again   Millennials wield enormous spending power, and it’s growing rapidly.  But do you really know them, their personalities, beliefs and buying behaviours? A recent study by Consumer and Shopper Marketing has exposed several myths. ▪
Want a pay rise? Have this instead   According to a recent survey, the annual pay rise, common in the American workplace, is being usurped by cheaper and more creative forms of compensation. These include one-off bonuses, health care and paid time off. ▪

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