Amazon looks to counteract counterfeiting outside of the US, while Walmart workers walk out in Chile. Carrefour prepares to sell stake in Cargo, and Morrisons takes the top spot at the Responsible Business Awards. Meanwhile, Hong Kong gets some interesting new eateries. Read on to find out more!




Thursday, 11 July 2019





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Amazon looks to counteract counterfeiting outside of the US, while Walmart workers walk out in Chile. Carrefour prepares to sell stake in Cargo, and Morrisons takes the top spot at the Responsible Business Awards. Meanwhile, Hong Kong gets some interesting new eateries. Read on to find out more!

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United States


Amazon update ▪ The online powerhouse is extending product serialization to its major markets outside the US in an effort to stop counterfeiting. Europe's top court has also ruled that the retailer does not have to provide a customer helpline.



Walmart developments ▪ Around 17,000 workers from the retail leader's largest Chilean union walked out this week, due to a breakdown of labour contract negotiations. The strike is expected to affect over 100 stores. Meanwhile, Walmart's purchase of Indian e-commerce venture Flipkart included a start-up which is now seeing major success.



Top changes ▪ Retail veteran and former CEO of Home Depot, Bob Nardelli, has been hired by cannabis company GrowGeneration. Janet Hayes, president of retailer Williams-Sonoma is stepping down from the position after being with the company since 2007. She will be replaced by current executive VP Ryan Ross.




Europe


Property moves ▪ Carrefour has revealed plans to sell its stake in real estate company Cargo to property vehicle Argan. Cargo currently owns some of the French multinational's distribution centres, with assets worth roughly EUR 900 million. The move is considered to be part of the retailer’s restructuring plan.



Smart discounts ▪ Supermarket chain Iceland has found a way to keep ahead, garnering GBP 500,000 worth of in-store sales through its mobile discount voucher campaign. Customers redeemed more than 20,000 vouchers via smartphone scan, increasing Iceland's average basket value by 5%.



Reporting results ▪ UK homeware retailer Dunelm has seen like-for-like sales up 12.1% for the fourth quarter, with a 37% growth in online sales. Struggling fashion retailer Superdry has suffered a GBP 85.4 million loss before tax, with Julian Dunkerton regaining control of the company.



Payment dispute ▪ British multinational retailing company Kingfisher has disgruntled shareholders with a payout to departing CEO Véronique Laury. Almost a quarter of investors took issue with the GBP 522,000 bonus payment. Kingfisher will respond to shareholders on the matter within six months.




Asia


Eat quick ▪ School Food, a South Korean concept restaurant chain, has made its Hong Kong debut, and is looking to expand into other Asian markets. The business has a grab-and-go format, and serves casual popular South Korean dishes and snacks.



Fine streaming ▪ Hong Kong has received its first e-sports restaurant. Fairwood eSports, a restaurant and gaming business combo, will offer 13,000 square feet of playing, streaming and content-sharing, as well as over 100 seats for dining. Check out some images here.




Conscientious efforts


Responsible business ▪ Morrisons has recently been voted as the best place to work when it comes to protecting the environment. The British supermarket chain won the top spot at the Responsible Business Awards, noted in particular for its plastic reduction and recycling efforts.



Ethical pay ▪ The cost of living is on the rise, and working in retail has never been seen as the most lucrative option for base level employees. However, some stores have seen business benefits from paying staff a living wage. Check out six steps retailers can use to make this happen for them.