Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Friday, 30 September 2016

Hello, subscribers!
Australian supermarket chain Coles is trialling technology to combat thieves; in the UK, the Serious Fraud Office intensifies investigations into failed retailer BHS; and in the USA, a technology start-up is partnering with four major retailers to help them compete with Amazon’s Alexa. Have a great day, and if you enjoy this edition, please share.

australia & asia
Coles tackles thieves   The Australian supermarket giant is taking measures to reduce its annual AUS$ 1.1 billion theft debt at self-serve check-outs. Coles is assessing scanners that more accurately identify specific fruit and vegetables using a combination of weight and image recognition. ▪
Problems continue for Samsung    The Chinese electronics company is reassuring customers its Galaxy Note 7 is safe after audio was posted online of, supposedly, another battery explosion during a demonstration. In addition, the company is talking with a US consumer products safety regulator over concerns about the safety of its top-load washing machines. ▪
Vietnamese expansion   Chinese discount retail chain Minisco has simultaniously opened three new stores in the capital of Vietnam, Hanoi, achieving the highest first-day sales of any of its markets. ▪
BHS pressure escalates   The Serious Fraud Office is ramping up investigations into the demise of the department store chain. According to reports, the focus will be on former owner Dominic Chappell’s retail acquisitions. ▪
New openings   John Lewis has opened its first department store in Essex, UK +++ After 18 months of renovations, Dutch supermarket chain Jumbo has re-opened its headquarters in Veghel, Holland +++ Lider Aliment, Spar’s Spanish partner, has opened four new stores in Spain. ▪
Italian discounters grow   Consumer confidence in Italy has sunk to its lowest since 2015. However, the number of discount supermarkets in the country has now exceeded 5,000 mark reaching 5,065. ▪
Taking on Amazon    In order to compete with the online giant's Alexa, new Chicago-based technology company AddStructure is providing four major retailers, including Target, software that enables shoppers to search for products by voice. Meanwhile, Amazon is investing US$ 2.5 million into a university competition to create ‘socialbots,’ which will enable Alexa to converse with users. ▪
Philip Morris’ reduced-risk strategy     In an effort to grow sales in as many as 35 countries next year, the US tobacco company is investing in cigarette alternatives. Philip Morris forecasts that by 2020, this will generate earnings of between US$ 700 million and US$ 1.2 billion. ▪
Dunkin’ goes ready-to-drink   In partnership with Coca-Cola, the US restaurant chain, famous for its donuts, will launch a new line of cold coffee drinks in 2017. This will be its first attempt at entering the US$ 1.5 billion ready-to-drink coffee category. ▪

If this newsletter was forwarded to you, subscribe here!
For questions or comments please contact us here

To advertise in Retail Update click here

RetailUpdate is a product delivered to you by