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Retail Update - powered by LebensmittelZeitung

Hello, subscribers!
Samsung India focuses on the domestic smartphone market, dotcom darling Shopa shuts down and Walmart will no longer sell assault rifles. All these stories and more are in today’s RetailUpdate. Have a great day.

E-tailers gear up for festive seasons   Of the US$ 10 billion generated annually in the e-commerce market, 40% is expected to come during the Indian festive months from October to December. Last Diwali, Snapdeal experienced 15 times more traffic, so it is strengthening all aspects of its operations +++ Meanwhile, more than 40 household supplies, like Vim and Surf, are now available from Amazon's Indian arm. ▪
Indian Smartphone wars   Despite having an export-ready factory for smartphones, Samsung India will focus their efforts on the domestic market. This is because the Indian market is growing faster than the overall industry +++ Having partnered with e-commerce marketplace Snapdeal, Chinese consumer electronics company Meizu has launched its MX5 smartphone in India. ▪
Dr. Oetker surprises Australians   Coinciding with the launch of its Ristorante Pizza range, German-based food manufacturer Dr. Oetker Australia hosted an exclusive ‘dining in the dark’ pop-up restaurant, where customers were served frozen pizza +++ Meanwhile, American global doughnut company Krispy Kreme has announced intentions to open 10 stores in Myanmar over the next five years. ▪
Pay rise for Sainsbury's staff   The supermarket’s 137,000 shop-floor staff will receive their biggest pay increase in 10 years. Bowing to pressure from low-pay campaigners, Sainsbury’s standard rate of pay for store workers will rise from GBP 7.08 to GBP 7.36. ▪
Dotcom darling shuts down   After three years in business, Shopa, the start-up that promised to reinvent online shopping through social sharing, has ceased trading. Shopa encouraged their one million users to share purchases online. However, they turned out to be unexpectedly coy +++ In other news, Ocado will open a new 43,254-square-foot delivery hub in North-West London. ▪
John Lewis challenges IKEA   Andy Street, boss of John Lewis, says they will topple Ikea from the top spot within four years. This bold claim follows an investment of GBP 14 million to renovate the department store's flagship Oxford Street store and revamp its own business. The company has teamed up with popular American home brand West Elm to open a shop with refurbished department store. ▪
Deal of the year falls apart   US agricultural giant Monsanto dropped its roughly US$ 46 billion bid for Swiss pesticide producer Syngenta, after the latter rejected a sweetened offer. The surprise decision has ended the months-long battle that, if it had been successful, would have transformed the global agricultural market. Syngenta shares fell 18% after the announcement. ▪
Amazon one-hour deliveries   Via its Prime Now programme, the e-commerce behemoth is offering one-hour deliveries of fresh food items within the US. The company is also offering one-hour deliveries of wine, beer and spirits, starting in Seattle. ▪
Less “bang for a buck" at Walmart   The largest retailer in the US will no longer sell assault rifles. They will offer shotguns and other hunting weapons instead. The company says the decision was made due to a decline in demand, rather than political pressure. ▪
consumer behaviour
Sugar isn’t so sweet with shoppers   What food ingredient do shoppers most care about? It’s not fat, additives or salt. Instead, according to the Bridgethorne Shopper Index, 49% of shoppers care most about sugar content. ▪
A suggested change to food labels   Research scientist Hugo van der Werf believes labelling designed to help consumers to assess a food product’s environmental impact should include economic value units. This, he says, will enable consumers to better assess organic and high-quality products. ▪

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