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

You read about first results of the mega shopping holiday weekend yesterday; today's update includes the latest news about what has been happening on those special days after Thanksgiving in the retail world. Find out about mergers on the brink, an exec throwing in the towel and more. Enjoy!


Asia & Australia
Masters exec gives up   The Director of Woolworths' loss-making hardware chain, Melinda Smith, has resigned just months before the board is due to make a decision on its future. Meanwhile parent company Woolworths has announced the launch of its ‘Free Fruit for Kids’ campaign and plans to take on takeaways by expanding its range of gourmet prepared meals. ▪
Accessing the Indian market   Global maker of health and fitness trackers, Mio, is entering the country via an exclusive partnership with Amazon +++ Multinational chemical manufacturer, LyondellBasell, will increase access to the Indian market with its acquisition of local company Zylog Plastalloys +++ US fruit grower Crown Orchard has signed a contract with India’s leading fruit supplier to import Virginia apples. ▪
App-only backfires   Fashion retailer Myntra abandons its app-only strategy and prepares the launch of a mobile website +++ E-tailer Snapdeal introduces a new advertising platform for its sellers.  ▪
Carrefour opens more doors   The French powerhouse will be launching its new range of stores, Contact Marché, in the sites of six Dia supermarkets it purchased and has opened its biggest hypermarket in Asia in Beijing. ▪
In South African shoes   British footwear chain Office will be acquired by South African fashion retailer Truworths for GBP 256 million.  ▪
Amazon to fly high   The e-tail giant released a video showcasing a prototype of the drones it is developing to deliver packages. Delivery drones play an important role in the company's strategies to keep its Prime customers coming back for more.  ▪
Creating giants   As the authorities fear that Staples’ proposed take-over of rival Office Depot will result in a single nationwide giant, they are poised to block the merger of the office supply retailers +++ In a deal that will combine the top two specialty mattress retailers in the USMattress Firm has agreed to buy  Sleepy’s for US$ 780 million. ▪
Manic Monday halts online traffic   Following up on yesterday's news on Walmart's difficulty with its online shopping site during the Thanksgiving holiday weekend, more retailers have experienced similar problems, including Target, whose e-commerce site crashed on the morning of Cyber Monday, Neiman Marcus and Newegg. ▪
HOliday News & trends
High hopes for Cyber Monday   Early indicators suggest a strong Cyber Monday in the US. In the UK, hopes have been high that the Monday shopping holiday will make up for the rather average Black Friday results on high street, for which former Tesco boss Terry Leahy blames the retailers' inability to adapt. ▪
Hitting the South African shore   South African retailers have also jumped at the chance this year and offered Black Friday deals in the country, where the festive season sales are expected to disappoint. ▪
Next in line   'The Great Online Shopping Festival', first created by Google India in 2012, is due on 12 December. Alibaba’s Taobao already announced to offer consumers US$ 15.6 million worth of cash coupons via its smartphone application on that day. And Chainstoreage suggests ways for retailers to extend the season even further, right into the New Year. ▪

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