Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Wednesday, 07 September 2016

Hello, dear reader!
Exploring online payment options and investing in online sales dominate today's issue. Walmart partners with Moneygram and Paypal expands its foothold in retail with Mastercard. Coop Danmark is launching a new mobile payment app. Meanwhile, US retailer Kroger and UK department store John Lewis are set to give their online presence a boost. Enjoy the read and please share!

asia & Australasia
Japanese expansions   Tokyo-based e-commerce giant Rakuten has acquired fashion marketplace Fril, a popular consumer-to-consumer (C2C) mobile app and department store operator Aeon is about to open its second flagship Aoen Style store in Hong Kong, offering comprehensive lifestyle selections. ▪
Tencent ranks on top   The Shenzhen-based tech giant has become the most valuable company in mainland China, beating state-owned telecom China Mobile and underscoring the growing importance of a vibrant private economy over lumbering state-owned enterprises. ▪
Milk prices on the rise   Global dairy prices have risen sharply for the third auction in a row. NZ-based dairy coop Fonterra has already raised its forecast. Across the Tasman, supermarket operator Coles is launching a new, more expensive home brand to help struggling dairy farmers. ▪
Speeding up shopping   Danish retailer Coop Danmark is rolling out mobile electronic payment solution 'beep and pay' across its entire chain. In Britain, Marks & Spencer has partnered with Togle, a grocery ecommerce platform, which will deliver the retailer's produce to the customer within an hour of purchase. ▪
Successful investments   In a bid to meet increasing online demand, department store giant John Lewis has invested GBP 250 million in a new distribution centre, creating 500 new jobs, while e-tailer Shop Direct has recorded a surge in profits and sales, thanks to its investments in the technology side of the business. ▪
Lego goes digital   Due to flat sales in the US and an increase of employee numbers, the Danish toymaker reported a slight decline in revenue growth and profits for the first half of 2016. However, the company is satisfied with the overall results and looking to build upon its success in the digital sphere. ▪
usa & canada
Payment deals   Big box retailer Walmart and Dallas-based Moneygram announced the launch of a new state-of-the-art online money transfer platform that offers customers a 'streamlined experience', while Paypal has entered into a partnership with Mastercard that will allow shoppers to use Paypal’s services in stores. ▪
Ambitious growth plans   After reporting record earnings for its first quarter, Iowa-based convenience store chain Casey's General’s Stores expects to build or acquire 77 to 116 stores, replace 35 existing locations, and complete 100 major remodels in its current fiscal year. ▪
Kroger's commitments   The Cincinnati-based retailer expands its online grocery ordering throughout Ohio. The pick-up service is set up through ClickList. In line with its commitment to use only cage-free eggs by 2025, Kroger has launched its own brand of 'affordable' cage-free eggs. ▪
inspiring ideas
Battlefield e-commerce   Is a quality offer in an interesting and inspiring environment at a price that the customer deems as good value for money the best weapon against the likes of Amazon? To create rich, interactive content should be a priority for most retailers. It will give their online business a boost. ▪
Improving food safety   The Food Standards Agency (FSA)  pledges to reduce the use of antibiotics in farming after a study, commissioned by the Alliance to Save Our Antibiotics and carried out by Cambridge University, found the highly resistant ESBL E. coli in chicken samples from all UK supermarket chains. ▪

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