Hello, dear reader,
Terrorist attacks are, thankfully, still relatively rare, but the risk specifically to retailing is there. German Retail Blog talked to an international expert for his advice on enhancing retail security. Get inspired by his insightful ideas. The RetailUpdate-Team wishes you a peaceful Easter break. We will be back on Tuesday. Stay safe.
Chinese growth strategies
Alibaba Group affiliate Ant Financial plans to launch its mobile payment services in Indonesia in partnership with a local firm. Online newcomer Kaola.com, on the other hand, is focussing on its home market and wants to bring many new European brands to China.
Tesco back on track
As predicted earlier, UK's supermarket leader beat forecasts for full-year profit, showing its recovery is gaining pace and boosting CEO Dave Lewis as he seeks investor backing for the merger with Booker. The company reported a 30% jump in operating profit to GBP 1.28 billion. Here's what the analysts say.
After almost collapsing under debt, Zagreb-based food and retail group Agrokor handed control to the state. A quick initial cash injection will boost liquidity for a short time, but does not solve the problem. The company employs around 60,000 people in the Balkan region.
USA & Canada
Food for Thought
The recent terror attack in Stockholm and the hostage taking at a Nairobi mall in 2013 show that these tragic events have a retail context. Will Geddes, CEO of International Corporate Protection in London, shared his advice on security measures with German Retail Blog.
High Street blues
New research has found that 4,534 stores opened in the UK last year, but 5,430 closed down. Big fashion chains and other stores disappeared. The Guardian takes a closer look at this development and reckons that the high streets don't need new shops but new ideas.