Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Monday, 02 May 2016

Hello, dear reader!
Digital technology revolutionises the way retailers engage with customers. Credit card companies are set to speed up checkout time, while robots are transforming the supply chain. Tesco commits once more to sustainability and Australia's Woolworths plans to hire a significant number of indigenous people. Enjoy your Monday edition and have a great start to the week.

asia & australia
Woolies commits to diversity   Australian supermarket giant Woolworths says that it will hire 1,600 indigenous workers over the next three years as part of a new employment parity initiative to increase diversity. The company is also gearing up to relaunch its reward partnership programme with Qantas. ▪
Casino sells Big C   In a bid to reduce its debts, the French retailer agreed to sell Vietnam’s Big C grocery chain to Central Group at an enterprise value of EUR 1 billion. The deal follows Casino’s agreement earlier this year to sell control of Thai supermarket chain Big C Supercentre for EUR 3.1 billion. ▪
Pork imports and tax cuts   Recent data from China Customs shows shipments of pork into the country more than doubled in March to a record of 114,700 tons +++ Yesterday, China has completed the implementation of a value-added tax scheme, which is expected to cut tax bills by more than US$ 77.2 billion this year. ▪
Great expectations   Irish produce multinational Fyffes has lifted profit expectations for the year due to the impact of its purchase of Canadian mushroom grower Highline in April for  EUR 97.7 million +++ Portuguese retailer Jerónimo Martins has reported a 19% increase in profits to EUR 77.3 million for Q1 2016. ▪
Tesco partners for sustainability   Due to customer demand, the British supermarket operator has struck a deal with the Marine Stewardship Council to source more of the seafood it sells in a sustainable way. Tesco also plans to introduce defibrillators in more than 900 of its biggest stores. ▪
Brewing giant pleases regulators   Anheuser-Busch InBev, the world's largest brewer, has offered to sell the Central and Eastern European operations of SABMiller in order to win approval from European regulators for its US$ 109 billion acquisition of the London-based brewer. ▪
Hudson's works with robots   Department store operator Hudson's Bay aims to be on the forefront of internet distribution technology and will open a new state-of-the-art omnichannel fulfilment centre, where it will utilise innovative robotic technology. Check out the three key areas where robots have made their presence felt. ▪
Dunkin' Donuts extends delivery test    The global doughnut company and coffeehouse chain is expanding a pilot of on-demand delivery to about 200 stores in the Greater Boston area in partnership with local delivery services Favor and DoorDash. ▪
Introducing flagships   Outdoor sports store North Face has unveiled a new store pilot in Palo Alto, California, which combines digital in-store technology +++ Californian lifestyle brand Serena & Lily has opened a flagship in a historic mansion in Connecticut  and a new underground retail centre in New York rolls out a smart media platform. ▪
Payment prospects
Engaging with mobility   London-based consultancy firm Veoo has launched a new mobile wallet solution that “will revolutionise the way brands and retailers engage with their mobile customers”, while it harnesses Apple Wallet and Android app functionality.  ▪
Speeding up at checkout   Following complaints from retailers, who claim that chip cards have increased checkout time by about 10 seconds per customer, financial service companies Mastercard and Visa have introduced software that will speed up check-out times for shoppers with chip-based cards. ▪

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