Hello, dear reader!
Australian retailers have come to a remarkable agreement to improve the fresh produce supply chain. The sheer amount of food waste has triggered a major campaign in Britain. In the US, Walmart pushes online payment and Amazon eyes more book stores. Hudson's Bay enters Europe, while Office Depot considers closings on the continent. Have a productive day and don't forget to share the news.
asia & australia
Improving the supply chain In a world-first, major grocery retailers in Australia, including Aldi, and the horticultural industry have agreed to streamline fresh produce safety requirements. The move is aimed at lowering the cost of doing business and improving food safety across the fresh produce supply chain.
Entries and exits Toronto-based retailer Hudson's Bay, which purchased German department store chain Kaufhof last year, expands outside its home country for the first time and plans to open up to 20 stores in the Netherlands. Meanwhile, home office retailer Office Depot considers selling some of its European operations.
Tesco simplifies e-commerce The British retailer has announced plans to close down its standalone F&F clothing website in a bid to make shopping online "as simple and easy as possible". The site will be integrated into the Tesco Direct platform.
Fighting food waste Nearly two million tons of food are wasted every year in the UK grocery supply chain, according to a new report by Wrap, which costs the food and drink industry a staggering GBP 1.9 billion. This triggered magazine The Grocer to launch a major campaign to tackle the issue.
Walmart pushes mobile pay The US big box retailer seeks to make checking out more convenient and has started a massive roll-out of its mobile payment service. Walmart Pay was launched at around 600 stores across Texas and Arkansas yesterday.
Home Depot raises forecast The Atlanta-based home improvement chain has benefited as consumers cut back spending on items such as apparel and instead spend more on home renovations. After a stronger-than-expected first quarter, the retailer increased its sales and profit forecast for 2016.