Thursday, 30 March 2017
Hello, dear reader
Amazon's antipodean future looks bright as online shopping booms in Australia. In its home country, the US e-commerce major is pulling the plug on its money-losing unit Quidsi. Over in Europe, Britain heads into the great unknown of post-Brexit era. Read about all this in today's issue. Subscription to RetailUpdate remains FREE.
Asia & Australia
Fresh online offer
Aiming at health-conscious consumers, Korean online retailer Gmarket has launched Gtable, a new service that sells fresh food from farms around the country. The retailer will be involved the entire process, including product selection, washing, packing, and delivery.
Top highlight and most valuable knowledge platform
Meet leading international retail experts like Jacky Tang, Zhonggen Group, Silvio Kirchmaier, Umdasch Group, Victor Guo, Mall China or Wu Yanni, Penguin. Don't miss the opportunity to discuss methods for innovatively incorporate e-commerce into the changing retail landscapes.
Attend the C-star-Retail-Forum from April 26 to 28 in Hall N5 at Shanghai New International Expo Center.
Level playing field
In India, global tech start-ups are taking market share from home-grown players, who are dependent on investors for funding. Therefore, local companies such as Flipkart and Paytm are looking to push for new rules that would help them better compete with their international counterparts.
Rewe reports records
The German retail group seems to be well equipped for the challenges ahead, after having posted a solid growth for 2016. Revenue was up 5% to EUR 54 billion. Rewe CEO Alan Caparros will leave the company in June, claiming that the retailer has reached its strategic goals.
USA & Canada
Pennsylvania-based retailer Ollie's Bargain Outlet is on track for growth. Its net income increased 52% to US$ 24.4 million in the fourth quarter. The company, which also expanded its store network last year, expects to open up to 35 stores this year.
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Card crimes on the rise
Payment card thefts continue to affect retailers and shoppers in the US. The number of debit cards compromised at cash machines skyrocketed 70% in 2016, while the amount of hacked card readers rose 30% according to data analytics company Fico Card Alert Service.
Africa & South America
Choppies enters Mozambique
Botswana’s largest retailer has opened its first store in the Tete province of Mozambique. The company also warns that its upcoming results might be negatively affected by trading losses in new regions such as Zambia, Kenya, and Tanzania.