The philosophical challenges facing retail are plentiful in today’s edition. The future of cash and methods of payment are being called into question following Philadelphia’s decision to ban cashless stores, while the ethics of combining location tracking with targeted retail advertising is also being hotly contested. Enjoy the brain food!




Monday, 11 March 2019





Hello ,

The philosophical challenges facing retail are plentiful in today’s edition. The future of cash and methods of payment are being called into question following Philadelphia’s decision to ban cashless stores, while the ethics of combining location tracking with targeted retail advertising is also being hotly contested. Enjoy the brain food!




United States


Tough talk ▪ Democratic candidate Elizabeth Warren has promised to take on tech titans Amazon, Google and Facebook if elected as US president in 2020. The current senator says she is, 'sick of freeloading billionaires' and would seek to undo some tech mergers and prevent companies from selling on their own platforms.



Walmart rallies ▪ The retail giant is seeking to assert itself as a legitimate tech competitor against Amazon by billing itself as a tech company and upping its targets and penalising suppliers for partial deliveries. Walmart has also delivered USD 207 million in employee bonuses following a strong quarterly performance.



Legal tender ▪ Philadelphia has become the first major US city to ban cashless stores. A new law coming into effect in July will see companies fined up to USD 2000 for refusing to accept cash as a method of payment. Check out this read on the tricky process of society going cashless.



Mondelēz invests ▪ The international snacking giant has revealed it has made a minority investment in prebiotic start-up Uplift Food. The venture into “functional snacking” comes as demand for healthy options continue to rise.




Europe


Fresh blood ▪ Off the back of an increasingly uncertain Sainsbury’s-Asda merger, Sainsbury’s is bringing in a new chairman who will take the helm from next week. Martin Scicluna will replace current chair David Tyler and take on the battle to rescue the USD 9.5 billion takeover.



For sale ▪ German wholesale giant Metro has confirmed it aims to sell its under-performing Real hypermarkets by May. CEO Olaf Koch is negotiating with at least five interested parties and expects to reach a positive purchase price deal.



Aldi unveils ▪ The German discounter has opened its 200th branch in Switzerland, and announced plans to open a further 100 outlets. With Easter approaching, Aldi has revealed an item from its premium selection – a ruby chocolate egg – a tantalising treat that has been 13 years in the making.




Asia & Australasia


Stiff competition ▪ The crowded Australian supermarket scene is about to get even busier with the announcement that German hypermarket chain Kaufland has been given consent to commence planning for three outlets. Each store will be 4000 square metres and the Victoria headquarters alone will create 1600 jobs.



Travel destination ▪ Singapore’s much awaited retail development Jewel Changi Airport will open mid-April amidst a flurry of excitement and pre-booking by locals to visit the complex before it officially opens. In addition to a host of retail offerings, the development boasts a four-storey Forest Valley complete with walking tracks and the world’s tallest indoor waterfall.




Keep an eye on


Award winners ▪ The most innovative and inspiring breakout retailers of 2019 have been honoured by Chain Store Age for 'crossing the newbie line.' Winning concepts came from brands Adore Me, b8ta, Lolli & Pops, Orangetheory Fitness and Veggie Grill. Check out their concepts here.



Pursuing patrons ▪ Location tracking is fast becoming a highly valuable retail tool. The precision of the tech means consumers who have GPS enabled apps on their phones can be monitored to see which parts of a store are visited and whether they reach the till. Custom advertising material can then be targeted accordingly through the likes of WeChat, Google and Facebook.