Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung

Australian department store chain Myer is bridging the gap between physical and digital retailing. Pepsico has problems retaining its executives in India. Over in Britain, the big four fuel the fire with petrol price cuts and in Latin America, 'Chilecon Valley' is about to start up. Enjoy the read and have a great Monday.

asia & australia
Coke invests billions in China   The softdrink giant announced plans to invest U$ 4 billion in China. Over in Australia, Coca Cola Amatil, which has recorded a flat first-half profit result, will launch one of its biggest ever marketing campaigns. Meanwhile, rival Pepsico has problems with retaining its staff in India. At least five senior executives have resigned following a change in corporate strategy. ▪
Myer thinks digital   The Australian department store operator has appointed Mark Cripsey, a former Coles manager, to the newly created role of chief digital and data officer. To capitalise on the online shopping trend, Myer is adding online brands to its portfolio +++ Competitor Woolworths has to deal with another resignation after the controversial departure of Alistair McGeorge, boss of discounter Big W. ▪
Flipkart supports sellers    The Indian online retailer plans to launch seller-support facilities called 'Flipkart One Stop' in 20 cities to help sellers with various services like registration, training, cataloguing and packaging. The company is also experimenting with a new interface to make transactions smoother. ▪
Lidl trials Scottish loyalty cards   The German discount powerhouse started testing a loyalty scheme in Scotland and has sent out 4 million cards. The company's Belgian arm (paywall) has introduced a new promotion intended to address the issue of food wastage and in Italy, Lidl is the top food retailer in terms of mentions on social media. ▪
Petrol price cuts and milk promises   Britain's four major supermarkets plan to reduce the price of their fuel at filling stations nationwide. Asda was the first to announce the cuts, followed by Morrisons +++ After holding talks with farmers, Tesco has promised that its own-label yoghurt will soon be made from British rather than German milk. ▪
Sainsbury's rolls out contactless payment   The British supermarket operator says the 'gradual' roll-out of the technology will start before Christmas (paywall). All stores will be able to offer the new payment method during the first half of 2016. ▪
usa & canada
Amazon extends Texas presence   The online retailer announced plans to build its fifth distribution centre in Texas. According to Amazon, the new facility will create hundreds of full-time jobs and focus primarily on consumer items, such as books, electronics and toys. ▪
Merger creates fashion giant   The Ascena Retail Group has completed its approximately US$ 2 billion acquisition of the owner of Ann Taylor and Loft and is now one of North America’s largest and most diversified specialty apparel retailers, with over 4,900 stores +++ Meanwhile, Canadian retailer Laura’s Shoppe has to close 20 womenswear stores in an effort to ensure the company's survival. ▪
Land's End fires through all channels   The clothing retailer has announced a new omnichannel marketing campaign which includes a catalogue strategy, complementary digital initiatives and an overall brand advertising campaign. Its new chief executive officer, Federica Marchionni, wants to attract younger customers. ▪
latin america
Starting up Chilecon Valley   'Start-Up Chile' is a government-funded initiative aiming at creating a hub for tech entrepreneurs to revitalise Santiago’s economy. According to Wall Street Journal, the country is now fine-tuning the programme to attract new tech start-ups. ▪
Pão de Açúcar grows with processed products   Leading Brazilian supermarket chain Pão de Açúcar is expecting strong sales of pre-cut fruits and prepared salads in the future. Its commercial director Luiz Claudio Haas says he wants to work with suppliers to develop more processed products. The company is currently controlled by the French Grupo Casino. ▪

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