We hope that the New Year will have plenty of inspiring news in store for you. Check out what the pundits predict for the year ahead and get informed about the latest developments in our industry. Enjoy our first issue of the year and feel free to share it with your colleagues. Subscription for RetailUpdate remains FREE. Happy reading!




Wednesday, 02 January 2019





Hello ,

We hope that the New Year will have plenty of inspiring news in store for you. Check out what the pundits predict for the year ahead and get informed about the latest developments in our industry. Enjoy our first issue of the year and feel free to share it with your colleagues. Subscription for RetailUpdate remains FREE. Happy reading!




The Americas


Store expansion ▪ Amazon is reportedly planning to add more Whole Foods Market stores to its portfolio with the goal to put more customers within its two-hour delivery service range, including those in suburban areas outside cities. The online giant is apparently scouting retail spaces in parts of Idaho, Utah and Wyoming.



Brazilian investment ▪ Leading retailers Carrefour Brasil and GPA are planning to invest in their respective store portfolios in 2019. Both are increasing investment in wholesale formats and focusing on digital developments. In December, Carrefour started a 'Scan & Go' trial service (paywall) in the country.



Beauty pilot ▪ Canadian pharmacy chain Shoppers Drug Mart, a unit of retail major Loblaw, is set to open a beauty clinic that will be dedicated to cosmetic and dermatology services. Overseen by experienced nurse practitioners, the clinic will provide consumers with one-on-one consultations and select treatments.




Europe


British worries ▪ Retail job losses are expected to rise nearly 20% in 2019 leading to more than 160,000 redundancies amid a “worsening of conditions” on the high street. UK clothing chain Next is the latest company to downgrade its profit forecast, and entertainment retailer HMV has officially collapsed into administration.



Impressive growth ▪ Dutch retailer Coop has posted an 18% increase in turnover in full-year 2018, reporting sales of EUR 1.4 billion for the period. Coop operated a total of 290 stores at the end of 2018, a net increase of 27 compared to the previous year.



Exec changes ▪ Spanish discounter Dia announced the appointment of a new chief executive officer, with director Borja de la Cierva replacing Antonio Coto. The company said that it expects to reach a deal soon to refinance its banking debt. causing its shares to jump by over 10%.




Asia


Goals in India ▪ Abu Dhabi-based Lulu Group International is planning to expand its presence in India through its retail unit Tablez. The company, which has a franchise to global brands in food, beverages, toys and more, currently operates 42 stores in the country and aims to run 300 outlets by 2020.



Start-up takeover ▪ Ant Financial, the payment company part-owned by Chinese e-commerce powerhouse Alibaba, is in advanced talks to purchase British currency exchange start-up WorldFirst. The takeover deal is said to be worth about USD 700 million.



Business restructure ▪ Chinese tech major JD.com is revamping its business operations in what analysts said is a bid to calm investors about the company’s heavy reliance on its embattled founder. Main revenue generator JD mall will be restructured into three departments.




Predictions & expectations


Looking ahead ▪ Will 2019 be the 'year of less' or 'meaningful sustainability' and how will artificial intelligence impact the daily retail business? German Retail Blog has asked a panel of international retail experts for their take on the future of the trade. Read here what they predict.



Tesco in Poland ▪ The British supermarket leader has achieved an impressive turnaround in its UK business, but one market remains the thorn in its side — Poland. LZ Retailytics looks at why the eastern European country is such a challenging market for the retailer. Click here to get the free report.