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Tesco Announces 3-Hour Store Pick-Up Service In UK

UK retailer Tesco plans to offer a service that will allow customers to pick up their purchased items from any of the company's 300 stores within three hours after placing their order online. Accounting for about 10 percent of the country's grocery spending, online orders are forecast to rise to ₤15 billion by 2020, according to market research firm Mintel. Tesco's latest offering helps it get farther ahead of rival J Sainsbury, which began testing a same-day delivery and collection service in July 2016.

"Tesco offers 3-hour online order collection", Financial Times, August 24, 2016

Tesco Malaysia Lays Off 600 Employees

Tesco Stores (M) Sdn Bhd is cutting its workforce in Malaysia by about 600 employees. In March 2016, 130 of the hypermarket operator's headquarters employees opted to avail themselves of a voluntary separation scheme. According to the company, the layoffs are part of its turnaround strategy and efforts to cut its losses.

"Tesco cuts about 600 jobs in Malaysia", The Edge Markets, August 24, 2016

Walgreens Balance Rewards Loyalty Program Embraces Android Pay

Walgreens added the Android Pay mobile payment platform to its Walgreens Balance Rewards customer loyalty program. Aimed at accommodating program members who own non-iOS mobile devices, the integration will allow Android smartphone users to also enjoy “more seamless checkout experiences” previously available only to iPhone users. Benefits offered by Balance Rewards include faster checkout process and easier ways of earning and redeeming points. Android Pay is available for download from the Google Play online store.

"Walgreens Expands Mobile Payments Portfolio Via Android Pay-supported Balance Rewards", Mobile Commerce Daily, August 23, 2016

 
Trends  

Retail Ecommerce Sales Expected To Grow Faster Than Overall Market In 2016 Through 2020, Report Shows

Total retail sales worldwide are forecast to grow 6.0 percent to $22.049 trillion in 2016, according to eMarketer. Data from the report, “Worldwide Retail Ecommerce Sales: The eMarketer Forecast for 2016,” growth will continue albeit in slower rates to reach $27 trillion in sales by 2020. According to the market research firm, retail ecommerce sales will reach $1.915 trillion in 2016, or 8.7 percent of the world’s total retail spending. Unlike the overall retail market’s slower growth rate during the period covered by the study, retail ecommerce sales are forecast to jump 23.7 percent in 2016. In 2020, retail ecommerce sales will grow to $4.058 trillion, accounting for 14.6 percent of total retail spending, the company said.

"Worldwide Retail Ecommerce Sales Will Reach $1.915 Trillion This Year", eMarketer, August 22, 2016

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