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

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Chinese online giant Alibaba is in talks to get a billion-dollar loan for further expansion, while arch-rival Amazon hires aggressively in India. Starbucks has found a partner to enter the Italian market and J.C. Penney has created a marketing campaign with a buzz in the US. Read also about marketing myths and why Target Canada failed. Have a great start to the week. 

asia & australia
Alibaba wants billions   The Chinese Internet giant is in discussions with banks for a loan of up to US$ 4 billion to fund expansion plans, including acquisitions. Alibaba has been expanding in areas such as online video and local services as its core online shopping business slows. ▪
Competition in India   Amazon India has hired half a dozen top managers to expand its business in the country. Morgan Stanley revealed that the e-commerce giant and its rival Snapdeal have lost market share in 2015 and they might be in for more trouble as the Maharashtra government took action against them for selling medicines online without licence. ▪
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Partnerships and agreements   Indonesia’s biggest online marketplace Tokopedia has signed an agreement with 7-Eleven, allowing its customers to pay through retail outlets. Over in India, service provider Easyfix has announced its partnership with Snapdeal, Pepperfry and others for after-sales service. ▪
Starbucks eyes Italy   The Seattle-based coffee giant announced that it will open its first ever store in the country, in Milan, in partnership with a local licensee, Percassi, in 2017. Other locations are about to follow. Doing business in Italy is still hampered by a lot of obstacles, according to a recent report by the European Commission. ▪
Tesco considers job cuts   A leaked document revealed that Britain's biggest retailer is planning to cut its staff by 39,000 over the next three years in an attempt to reduce its costs and improve profits. However, the retailer played down the news, saying there are no current plans. ▪
Profit hikes and sales drops   Ireland-based fruit company Fyffes reported a profit of EUR 8 million, representing the group's seventh consecutive year of earnings growth, while French retailer Auchan has seen sales at its hypermarkets drop again during the year. ▪
From the world of fashion  Hugo Boss CEO Claus-Dietrich Lahrs has stepped down from his role, taking the blame for a profit warning, while clothing manufacturer Gerry Weber has laid out a realignment programme, aimed at creating the foundation for profitable long-term growth.  ▪
A penny for J.C. Penney   The department store operator has reported impressive increases in same-store sales and earnings, as well as a new marketing campaign that is generating a lot of buzz as the company offers certain items in its private-label collections for just 1 cent. ▪
Reaching milestones   Arizona-based grocer Sprouts Farmers Market profits from Americans' changing eating habits and enjoyed record sales +++ Launched in 2008, online deal provider Groupon has reached a benchmark selling one billion products. ▪
Niemann offers personal touch   The independent supermarket chain, headquartered in Quincy, Illinois, is leveraging technology from cloud-based engagement and analytics platform provider Birdzi to reach shoppers with targeted offers at home, in stores and on the go. ▪
thought-provoking reads
The myths of marketing    Retail guru Marcel Corstjens has written another bestseller - this time about the 'new battle for mind space and shelf space'. It is called "Penetration" and unveils a number of generally accepted marketing myths. German Retail Blog had the opportunity to talk to the author exclusively. ▪
Target’s failure in Canada   US’s second largest retailer filed for bankruptcy protection in January 2015 and ended up closing all of its 133 stores in Canada. There are many reasons, why Target Canada failed. A massive supply chain failure is one of them and could have been avoided. ▪

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