Friday, 10 February 2017
The Australian fashion industry is in free-fall, and giant international brands are capitalising on it. Also, German retailer Aldi has massive plans for the United States. Have a great day, and if you enjoy this issue of RetailUpdate, please share.
Source Great British Foods at IFE 2017
IFE 2017 (The International Food & Drink Event) takes place 19-22 March at ExCeL London. The UK's biggest food & drink event will be packed with innovative food & drink products from 1,350 suppliers. IFE is divided into 9 easy to navigate sections, including a Great British & Irish foods section. Find inspiration for your retail shelves at the show - get your free trade ticket at
ASIA & AUSTRALIA
Complaints false, claims Alibaba
The e-commerce behemoth says that several intellectual property agencies, known as “reputational-protection firms,” are filing false complaints against its vendors, and Alibaba has called for a boycott.
Tesco faces more strikes
The union for the retailer’s Irish operations has announced another five stores will take strike action. Tesco is accused of trying to change the employment contracts of more than 250 long-serving workers without their agreement.
Cash shortage chaos
A hard currency regime adopted in 2009 to curb hyperinflation has resulted in a lack of cash in the African country. Consequently, shoppers have adopted electronic means of payment. Intermittent disruption to point of sale (POS) systems, however, is causing frustration for shoppers with no other way to pay .
Basket gets dearer
According to the Consumer Council of Zimbabwe, due to a 15% tax increase on goods, which include rice and meat, the monthly consumer basket has gone up in price from US$ 578 in December to US$ 600 in January.