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

Good staff is hard to find, not only for the store front but also on the top executive floor. Changes are taking place continuously, worldwide. In the US, Macy's has joined the growing number of retailers preparing for the Christmas rush, and Target is on the lookout for in-house IT personnel. These stories and more are in today’s issue.


Olam seeks opportunity in crisis   Amid slumping agricultural commodity prices, the Singapore-based global agri-business giant reveals US$ 2 billion acquisition plans. 'We are begging to enter a buyer’s market', the company's CEO, Sunny Verghese, said. Olam ranks amongst the top food-commodity traders, particularly in cocoa, nuts, wheat and rice, supplying companies such as Pepsico. ▪
Indian e-commerce execs exchanged   The country's leading online marketplace, Flipkart, has named three new technology executives with experience at Amazon, Google, Microsoft and EBay. Its competitor Snapdeal has recruited former Twitter executive Rahul Ganjoo as Vice President for its technology team. ▪
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Extending retail space in China  In an attempt to further increase its domestic market share, China’s largest local smartphone maker, Xiaomi, has opened its first own brand retail store in Beijing +++ Alibaba's consumer retail unit Taobao is setting up a dedicated bonded warehouse for vendors of imported goods. ▪
Morrisons' execs perform optimistic move    The struggling supermarket's CEO David Potts and Finance Director Trevor Strain exhibit their confidence in their company by buying up 373,334 shares between them +++ The supermarket chain will introduce candy-free checkouts, following similar moves by competitors Lidl, Aldi, Tesco, Sainsbury’s and the Cooperative. Asda and M&S are the last of the top UK supermarkets still stocking confections at checkouts at big stores. ▪
Nisa partners with Ramsden   UK's leading member-owned retail organisation and food export company Ramsden have extended their longstanding partnership with a new five year contract worth up to GBP 250 million. ▪
Management changes   British department store group House of Fraser has appointed former John Lewis and Sainsbury’s technology boss Julian Burnett as its Chief Information Officer +++ Danish dairy giant Arla Foods has recruited Natalie Knight as its new CFO from January 2016. She currently holds the position of Senior Vice President Finance at Adidas. ▪
Target's IT is to be in the house   The retailer has outsourced much of its IT development in the past, but now Target has announced to bring more of its technology development in-house and to hire 500 engineers at its Minneapolis headquarters and another 500 in Bangalore, India. ▪
Costco enhances payment process   In an attempt to improve service and security for small-to-mid-sized customers, the wholesale chain is extending an existing partnership with payment processing solutions provider Elavon. ▪
Macy's gears up for Christmas   The department store retailer's workforce will swell by 50% in the coming month, as it plans to hire 85,000 workers for the holiday season ▪
trends to Watch
Shoppers text 'hi' to Walmart   The US retail giant is piloting a tool to provide in-store assistance in some California stores via SMS text messaging. Shoppers texting the word 'hi' will be receiving a response from a digital assistant, offering guidance such as where to find products in stores and whether products are in stock. ▪
Coke says 'cheers' with emoji    As the first consumer brand to pay for a custom emoji on Twitter, the drinks giant has purchased the emoji of two Coke bottles toasting and launched it on the social networking platform late last week. ▪
Sainsbury's calls to 'Waste Less, Save More'   The British supermarket chain is launching a GBP 10 million project to tackle household food waste and is looking for a UK town to test out its new initiative.   ▪

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