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Retail Update - powered by LebensmittelZeitung

Hello, subscribers!
In China, rumours are abound that e-commerce giant Alibaba will continue to invest in publishing, in the UK, the Co-operative Groups lends a hand to local farmers and in the USA, Target gets ready to spend big money on e-commerce. Have a great day, and don’t forget to share.


asia & australia
Chinese investments   Caixin, the publisher of one of a leading Chinese business magazine, is looking for new investors, and Alibaba is rumoured to be interested in buying a stake +++ Meanwhile, China Resources Beer will purchase SABMiller’s stake in Snow Breweries, meaning that ABInBev, the world’s biggest brewer, is one step closer to completing its takeover of SABMiller. ▪
Woolies gets downgraded   Less than a week after naming Brad Banducci as CEO, the Australian food retailer’s credit score has been lowered one level by Moody’s. Their new credit score is Baa2 — two levels above junk, according to the ratings agency, and the outlook remains negative. ▪
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Air passengers pay with WeChat   Passengers travelling through Shanghai Hongqiao International Airport can now pay using instant messaging app WeChat in over 70 shops and restaurants. ▪
Co-op supports farmers   The Co-operative Group plans to boost customer support for British food, and in turn help farmers, by reducing the prices of 200 of its own-brand and British-sourced meat and poultry products. They will invest GBP 75 million to ensure customer savings don’t come out of farmers’ earnings. Meanwhile, politicians are calling for supermarkets to do more to support farmers. ▪
Tesco accused of misleading   The Advertising Standards Authority has banned the UK supermarket chain’s advertising for its Brand Guarantee scheme, labelling it “misleading”. The action comes as a results of Sainsbury’s complaint that the minimum 10 items shoppers must buy to qualify for discounts wasn’t clear enough. ▪
Appointments & retirements   On the back of Rob Collins’ appointment as managing director, Waitrose has announced the appointment of Ben Stimpson as director of retail +++ Poundland CEO, Jim McCarthy, will retire on July 1, having held the position for 10 years. ▪
Target focuses on e-commerce   To ensure online sales don’t wane, the US retailer plans to spend nearly US$ 1.9 billion this year on capital products, most allocated to e-commerce and supply chain improvements. Starting in 2017, they plan to increase their yearly spend to about US$ 2 billion. ▪
Retail expansion projects   Meijer has announced big plans for growth this year. With a budget of US$ 400 million, the US big-box store chain’s plans include nine new Meijer supercenters and 32 remodelling projects +++ Walmart will open its long-planned Neighborhood Market in Springfield on March 16 — the retailer’s 11th Springfield store. ▪
American Apparel improves payments   In an effort to make in-store payments easier, safer and more efficient, the specialty apparel chain will deploy a cloud-based payments infrastructure from software provider Index. The infrastructure will mean that cardholders will be validated at the moment of the transaction and their data will be protected as it is processed. ▪
digital developments
Fashion fails on Facebook   According to a study from strategic multichannel consultancy Practicology, fashion retailers are not “maximising the potential” of their social media presence. Of the 50 retailers surveyed, the Facebook pages of 28 didn’t provide customer service information and 18 retailers failed to respond to customer Facebook inquiries. ▪
Location influenced fraud   Where you live affects your likelihood of experiencing e-commerce fraud, according to a study by Experian. For billing fraud in the US, it was found that Florida is the riskiest state.  Billing fraud states are determined by where the consumer whose information was used fraudulently lives. ▪

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