Latest Retail News – 26/1/2020
1. UK supermarket experiments with no packaging refills for breakfast cereals.
2. Nestle adds plant based sausages to range.
3. Super Retail Group (BCF, Supercheap Auto, Rebel) says December sales impacted by drought and bushfires.
4. Self-scan checkouts could impact on Australian employment opportunities.
5. Deloittes says Australian economy set to muddle through another year.
6. Woolworths offers discounts to emergency service volunteers.
7. Rain lifts consumer confidence.
8. Fruit and vegetable supplier Costa Group is introducing a Click and Collect service for its retail and wholesale customers.
9. Amazon Australia to introduce independent delivery service similar to Uber Eats.
10. Aussie born Mexican food franchise Guzmen Y Gomez launches in US.
11. Kaufland shocks with decision to pull out of Australia despite already investing $500m.
12. Louis Vuitton inks multi-year marketing deal with US Basketball.
13. ACCC investigates alleged supplier cartels attempting to keep Kaufland out of Australia.
14. Woolworths nominated as Australia’s most valuable brand.
15. Jeans West closing 37 stores.
16. Dimmeys expect to keep 12 company owned stores operating.
Articles Worth A Read:
Boring retail killed Jeans West - https://www.insideretail.com.au/news/online-competition-didnt-kill-jeanswest-boring-retail-killed-jeanswest-202001Bushfires send consumer confidence lower - https://www.abc.net.au/news/2020-01-22/bushfires-send-consumer-confidence-lower-mini-retail-boom-ends/11889144
Supplementing sales revenue will become the key to survival for retailers - https://www.insideretail.com.au/news/why-product-is-no-longer-enough-to-survive-in-retail-202001