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

As the Christmas bells' chime is drawing closer, we hear all the more about retailers' strategies around the big holiday - Fed Ex expects a 12% rise in deliveries and is not the only company to increase their number of staff for the season, while Walmart creates a new job position altogether. Find out about those developments and more in today's issue!

Asia & Pacific
Strategies Down Under   Following other Western retailers that have tied up with Chinese e-commerce giant Alibaba, Australia's largest wholesaler Metcash has entered the Chinese market selling its products there online +++ Australian online retailer Catch of the Day is taking on Costco with the launch of its own members-only buying club +++ New Zealand's retail powerhouse The Warehouse Group has appointed Nick Grayston, who is joining from Sears, as CEO from December.   ▪
Good prospects for Indian e-commerce   According to a report by Nomura, the Indian e-commerce sector is expected to reach USD 35 billion by 2019 +++ Distributors of direct sellers such as Tupperware, Amway and Oriflame are disrupting the direct-sales business model by selling products online through Flipkart, Snapdeal & Co. ▪
Shopping on the Thai side   Aiming to encourage cross-border trading in planned special economic zones, Thai Central Retail Corporation's subsidiary, department store chain Robinson, will open outlets in these border regions. ▪
Aldi pays high   Its pledge to raise the minimum wage for its staff to GBP 8.40 per hour makes the German discounter the highest-paying major supermarket in the UK +++ Competitor Morrisons will re-enter the convenience store market, while the country's largest specialist wine retailer Majectic Wine is dismissing its six-bottles minimum purchase ▪
Restructured and reshuffled   French global player Auchan has announced a restructuring of its organisation, which will organise it into three autonomous companies and includes changes in many of its key senior positions +++ Changes in management have also been announced in Italy by Nestlé Italiana and Mondelez International ▪
Walmart stocks less and plans to fly unmanned   Since last year, the US retail giant has removed 15% of its store displays and taken 2,500 items off the shelves in its average supercentre. Aiming to keep pace with competitor Amazon, Walmart asked US regulators for approval to test out drones for home delivery, curbside pickup, and checking warehouse inventories.  ▪
Presents on the door step   Retailers Best Buy and Target waive their minimum-purchase threshold for free shopping until the end of the holiday season, while Fed Ex expects a 12% increase in holiday shipments and boosts holiday hiring to 55,000. ▪
Holiday hiring boost   According to NRF, the number of seasonal hires this year is among the highest level seen in the past 15 years with another 700,000 to 750,000 new seasonal positions to be filled. For the first time, Walmart will hire managers specifically to oversee the pickup departments for online orders. ▪
P&G lowers expectations  The consumer goods major reports higher profits, but reduces its sales forecast for 2016 due to the strong dollar and impact of asset sales. ▪
Nakumatt expands in Uganda   While East Africa notes an increasing demand for more retail markets, the Kenyan supermarket chain has opened its 55th store. Managing director Atul Shah said, the ambition is to close the year with a total of 60 branches in Kenya, Uganda, Tanzania and Rwanda.  ▪
South African companies to buy overseas   Global banking group JP Morgan expects South African businesses to look for growth outside Africa and continue acquisitions in the developed world in the next 12 to 18 months. ▪

If this newsletter was forwarded to you, subscribe here!
For questions or comments please contact us here

To advertise in Retail Update click here

RetailUpdate is a product delivered to you by