Tesco Names John Allan As New Chairman February 17, 2015: 12:00 AM EST UK retailer Tesco announced the appointment of John Allan as chairman of the company's board of directors effective on March 1, 2015. Allan will succeed Richard Broadbent who has earlier announced his intention to step down as chairman. Allan said he will resign as member of the boards of directors of Dixons Carphone and Royal Mail. Also, he will resign effective immediately as a senior advisor to Alix Partners and as chairman of the DHL UK Foundation. "Appointment of John Allan as Chairman", Tesco, February 17, 2015, © Tesco

Domains RETAIL BUSINESS Operations Strategy Geographies Worldwide EMEA Europe United Kingdom

Wal-Mart India Eyes Opening 15 New Wholesale Stores In India's Andhra Pradesh State February 16, 2015: 12:00 AM EST Wal-Mart India said it plans to open 15 wholesale stores in Andhra Pradesh in the coming five years. Wal-Mart India president and CEO Krishna Iyer said his company plans to have cash-and-carry stores in each of the state's districts. This is in addition to Wal-Mart's plan to invest in social and rural entrepreneurship through its corporate social responsibility initiatives. "Wal-Mart India to set up 15 stores in Andhra", Business Standard, February 16, 2015, © Business Standard

Domains RETAIL BUSINESS Market News Operations Strategy Geographies Worldwide Asia-Pacific India

Beacons Offer Advertisers A Sophisticated Way To Gather Consumer Intelligence February 16, 2015: 12:00 AM EST The tiny Bluetooth transmitters known as beacons offer marketers a new layer of consumer intelligence that reveals digital actions and exposures. Beacons – currently placed around stores to push coupons and user reviews to shopper phones and tablets -- allow advertisers to pull together online ad and marketing exposures to offline behaviors. They also make the process of retargeting offline behaviors with online ads very accurate “because real-world behaviors can be located to extremely precise locations and interactions”. The insights on the potential of beacons were presented at a recent Mediapost conference. Steve Smith, "Beacons Open Up Prospects For 'Physical Retargeting'", Media Post, February 16, 2015, © MediaPost Communications

Domains RETAIL BUSINESS Advertising Innovation Marketing Online Trends Geographies Worldwide North America United States of America

How Bread Making Can Nourish The Body And Soul February 16, 2015: 12:00 AM EST Bread making usually results in a delicious, healthful food product, but the process itself can also be food for the soul. St. John’s Bakery, a Toronto shop adjacent to a local Catholic mission, employs immigrants, recovering addicts and disabled people in the production of high quality bread. The process is transforming lives with “job training and the simple alchemy of bread, yeast and water”. According to Father Roberto Ubertino, “a daily miracle takes place” in the conversion of those simple ingredients. The organic, artisanal breads – baguettes, round loaves of country rye, and cilantro olive breads – are sold at premium prices at markets, restaurants and specialty stores in Toronto. But the goal of the bakery is not cash profit. It’s sustainable fulfillment of a "social mandate". Manisha Krishnan, "St. John’s Bakery teaches craft of artisanal bread", The Toronto Star, February 16, 2015, © Toronto Star Newspapers Ltd.

Domains RETAIL BUSINESS Operations Products & Pricing Geographies Worldwide North America United States of America

E-Commerce No Threat To India’s Traditional Retailers February 16, 2015: 12:00 AM EST A report by a consulting/accounting firm says it will be a long time before traditional retailers in India are threatened by online competitors. Pricewaterhouse-Coopers says the key reasons are last-mile connectivity, high payment cost, low profitability, regulatory barriers and a scarcity of skilled manpower. Low Internet penetration in the country is another major barrier: only 16 percent of India's 1.2 billion people had access to the Internet in 2013. Bottom line: online stores are projected to account for only three percent of India's total retail market by 2020. Varun Aggarwal, "E-commerce giants still no match for traditional retailers: Pricewaterhouse-Coopers", The Economic Times, February 16, 2015, © Bennett, Coleman & Co. Ltd.

Domains RETAIL BUSINESS Market News Marketing Online Operations Trends Geographies Worldwide Asia-Pacific India

Tesco Plans To Reduce Workforce By 10,000 Jobs February 14, 2015: 12:00 AM EST Tesco is reportedly planning to reduce its total workforce by as much as 10,000 jobs, as part of chief executive Dave Lewis' turnaround scheme for UK's largest retailer. According to media reports, up to 6,000 job cuts will come from the company's head offices and 43 stores it plans to shut down. The rest of the jobs to be cut will come from the company's planned reorganization of operations, including the removal of a management layer from Tesco stores. Lewis said he plans to reduce head office operating costs by 30 percent and save £250 million in costs across the company. Graham Ruddick, "Tesco to cut up to 10,000 jobs", Telegraph, February 14, 2015, © Telegraph Media Group Limited

Domains RETAIL BUSINESS Market News Operations Strategy Geographies Worldwide EMEA Europe United Kingdom

Sainsbury's Outspends Other Retailers On Advertising In January 2015 February 14, 2015: 12:00 AM EST Sainsbury's spent ₤4.6 million on advertising in the four weeks ending January 31, 2015, making the company the biggest spender on TV and print ads so far, according to Nielsen. Discount retailers Aldi and Lidl increased their advertising spend, following the increase in their collective market share to 10 percent. Aldi increased its sales 17.3 percent year on year, while Lidl's sales grew 13.8 percent. Sara Spary, "Lidl and Aldi increase ad spend as they steal 10% of the market", Marketing Magazine, February 14, 2015, © Haymarket

Domains RETAIL BUSINESS Marketing Operations Strategy Geographies Worldwide EMEA Europe United Kingdom

China Resources Rebrands Tesco China Stores February 12, 2015: 12:00 AM EST China Resources Enterprises said it has rebranded all of the 135 Tesco China stores under its Vanguard brand. In 2014, China Resources acquired a majority stake in Tesco's retail operations in China. According to China Resources, the company aims to return the retail chain to profitability within three years following its move to combine the chains' backroom operations. CR Vanguard, which owns more than 4,100 stores in the country, entered into a joint venture with Tesco, which left the UK retailer with just 20 percent of the resulting business. "Tesco China stores rebranded", Fresh Plaza, February 12, 2015, © Fresh Plaza

Domains RETAIL BUSINESS Brands Marketing Operations Strategy Geographies Worldwide Asia-Pacific China

Amazon Competitor Jet, Preparing For Spring Launch, Bulks Up With More Venture Cash February 12, 2015: 12:00 AM EST E-commerce start-up and avowed Amazon nemesis Jet has raised another $140 million in venture funding after raising $80 million last September, pushing the company’s valuation to $600 million. The company unveiled a private beta site last month and expects to launch a "Jet Insiders" site next month. Founder Marc Lore says the site will go public later in the spring. The company will mimic Amazon by selling pretty much everything, but 10 to 15 percent cheaper than Amazon. Customers will make up the difference with a $50 annual membership fee, like at Costco. Jillian D'Onfro, "E-Commerce Startup Jet Raised $140 Million to Compete With Amazon", Inc., February 12, 2015, © Mansueto Ventures LLC.

Domains RETAIL BUSINESS Market News Online Operations Products & Pricing Strategy Geographies Worldwide North America United States of America

Economic Signs Suggest Lower Prices At Grocery Stores, Too, Not Just Gas Stations February 12, 2015: 12:00 AM EST The most visible drops in commodity prices – oil and gasoline – are not the only ones that could have an impact on consumers in the near future. Farmers and miners are keenly aware that prices of copper, iron ore and corn are way down, along with soybeans, tin, sugar, wheat and cotton. So when will these price drops begin to help consumers? It’s difficult to predict because lower commodity prices are rarely passed on quickly to consumers. Producers concerned about volatility want to be sure cheaper raw material prices remain low. But there is reason for grocery shopper optimism, perhaps later this year. Farmers are experiencing bumper crops and surpluses; there’s plenty of cheap feed for livestock; farmer energy costs are lower; food imports are cheaper; and there’s reduced foreign competition for food. Marilyn Geewax, "As Commodity Prices Plunge, Groceries May Be Next", National Public Radio, February 12, 2015, © npr

Domains RETAIL BUSINESS Market News Trends Geographies Worldwide North America United States of America

Walmart Canada Launches Major Expansion Initiative February 11, 2015: 12:00 AM EST Walmart Canada says it will spend about C$340 million ($273 million) building 29 supercenters, and enhancing distribution and e-commerce. The company says the investment will create about 5,000 jobs in construction, stores and supercenters, and add 230,000 feet of retail space. The added distribution centers will allow expansion of the company’s fresh food and e-commerce capacity. “Our mission is to provide multiple access points for customers to save money,” said CEO Dirk Van den Berghe. "Walmart Canada announces expansion plans; Retailer continues to accelerate food and e-commerce growth", News release, Walmart Canada, February 11, 2015, © Wal-Mart Stores, Inc.

Domains RETAIL BUSINESS Market News Operations Strategy Geographies Worldwide North America Canada

Missha Opens First European Store In Germany February 11, 2015: 12:00 AM EST South Korean skincare and cosmetics retailer Missha opened its first Western European store in Ingolstadt, Germany. Noted for its commercial and industrial strengths, the city of Ingolstadt serves as the company's beachhead into Europe's beauty market. Able C&C chairman Seo Young-pil opened the store, highlighting the event's significance for the company's European business plans. Jeana Shin, "Missha 1st Korean Brand Shop to Enter Western Europe", Business Korea, February 11, 2015, © BusinessKorea Co., Ltd

Domains RETAIL BUSINESS Operations Strategy Geographies Worldwide EMEA Asia-Pacific Europe South Korea Germany

Whole Foods Market Posts 10 Percent Sales Growth In 1Q 2015 February 11, 2015: 12:00 AM EST Whole Foods Market, Inc. reported total sales rose 10 percent to $4.7 billion in the first quarter ending January 18, 2015, compared with the same period in the previous year. Average store weekly sales reached $724,000, or $990 in sales per gross square foot. Comparable store sales grew 4.5 percent, the company said. During the quarter, the company opened nine new stores, which rose the company's square footage by 9.4 percent. EBITDA reached $396 million, or 8.5 percent of sales, while diluted earnings per share rose 10 percent to $0.46, compared with the previous year. "Whole Foods Market Delivers Record Q1 Sales and EPS", Whole Foods, February 11, 2015, © Whole Foods Market, Inc.

Domains RETAIL BUSINESS Operations Strategy Geographies Worldwide North America United States of America

Tesco Expands Testing Of PayQwiq Mobile Payment Service February 10, 2015: 12:00 AM EST Retailer Tesco expanded its testing of the PayQwiq mobile payment service, which allows customers to pay for their purchases and collect Clubcard points using their smartphones. First started in September 2014, the trial now covers a limited number of shoppers. Customers invited to join the trial can download the PayQwiq app to their smartphone and sign in using their Tesco Groceries information. Shona Ghosh, "Tesco lets customers pay by smartphone with PayQwiq trial", Marketing Magazine, February 10, 2015, © Haymarket

Domains RETAIL BUSINESS Innovation Online Operations Strategy Geographies Worldwide EMEA Europe United Kingdom

Metro Group Says Sales Rose 2.1 Percent In 1Q Of FY 2014-2015 February 10, 2015: 12:00 AM EST Metro Group reported like-for-like sales rose 2.1 percent in the first quarter of financial year 2014-2015. Sales increased 2.6 percent when adjusted for currency effects and portfolio changes. According to the company, all of its sales lines reported increased like-for-like sales from the Christmas business. EBIT before special items reached €1.024 billion, a decline from €1.073 billion in the same quarter of the previous year, due to the €60 million worth of negative currency effects. Also, the company reported its earning per share reached €1.36 during the quarter, compared with €1.35 in the same quarter of the previous year. "METRO GROUP Quarterly Report Q1 2014/15", METRO GROUP, February 10, 2015, © METRO GROUP

Domains RETAIL BUSINESS Operations Strategy Geographies Worldwide EMEA Europe Germany

UK's Grocery Market Sees Faster Growth; Market Leader Tesco Recovers Growth Mode February 10, 2015: 12:00 AM EST UK's grocery market grew 1.1 percent for the 12-week period ending February 1, 2015, its fastest rate since June 2014, according to market research firm Kantar Worldpanel. Growth during the period was driven by lower fuel prices and the ongoing price war among the country's supermarkets, according to Kantar Worldpanel retail and consumer insight head Fraser McKevitt. Like-for-like grocery prices fell 1.2 percent, helping UK consumers save £327 million during the period. Tesco, UK's largest retailer, saw sales increased 0.3 percent, compared with the same period of the previous year, while Asda reclaimed the number 2 position, grabbing a 16.9 percent share of the market. "Market accelerates and Tesco returns to growth", Kantar Worldpanel, February 10, 2015, © Kantar Group

Domains RETAIL BUSINESS Brands Market News Operations Geographies Worldwide EMEA Europe United Kingdom

Carrefour Gets Closer To Opening For Business In Kenya February 9, 2015: 12:00 AM EST Carrefour plans to launch its retail business in Kenya. To be operated by the French retailer's Middle East and Africa franchisee Majid Al Futtaim Retail, two Carrefour stores are to be located at the Two Rivers and The Hub Karen high-end shopping malls, which are expected to open before the end of 2015. Also, the company appointed Franck Moreau as country manager for Kenya and started its search for a finance manager and an account manager. Niyi Aderibigbe, "French Retailer Carrefour Plans Kenya Entry ", Ventures Africa, February 09, 2015, © Ventures Africa

Domains RETAIL BUSINESS Market News Operations Strategy Geographies Worldwide EMEA Middle East- Africa Kenya

Aldi Plans Two Regional Distribution Centers In UK February 9, 2015: 12:00 AM EST Discount retailer Aldi plans to build regional distribution centers in Leicestershire and Kent. Expected to open by early 2017, Aldi's planned Leicestershire facility will have a total floor area of 58,634 square meters and will create 400 new jobs. It will serve current and planned stores across the Midland region. For the planned Kent facility, Aldi will spend £50 million to build the 62,427 sq m distribution center on the Isle of Sheppey. It will include a 14-acre warehouse and 40,000 sq ft. of office space. Claire Farrell, "Aldi closes in on new distribution centres amid "urgent" need for logistics expansion", The Grocer, February 09, 2015, © William Reed Business Media Ltd.

Domains RETAIL BUSINESS Market News Operations Strategy Geographies Worldwide EMEA Europe United Kingdom

Walmart's Marsiglio To Discuss Retailer's $250-Billion Buy-American Program At NPE2015 Trade Show February 9, 2015: 12:00 AM EST Walmart vice president of U.S. Manufacturing Cindi Marsiglio will speak at the SPI/IHS Key Market Breakfast Briefing during the NPE2015, the International Plastics Showcase exposition produced by SPI: The Plastics Industry Trade Association. Marsiglio will discuss Walmart's program aimed at sourcing an additional $250 billion of US-made products for 10 years. Her office works with new and current suppliers to speed up the availability of American-made goods to Walmart customers. "Walmart Executive in Charge of Sourcing U.S.-Made Goods to Address Plastics Industry at NPE2015", PR Newswire, February 09, 2015, © PR Newswire Association LLC

Domains RETAIL BUSINESS Operations Strategy Geographies Worldwide North America United States of America

Costco Enters China Market Via Alibaba's E-commerce Door February 7, 2015: 12:00 AM EST Retailer Costco launched its business in China by opening a store on e-commerce company Alibaba's Tmall Global platform. Refusing to follow the lead of other foreign-owned retailers, which launched their brick-and-mortar retail stores in the country, Costco focused instead on online sales. During its first month of operations, the company reported $6.4 million in sales. Costco's partnership with Tmall Global offers several advantages, including the ability to operate without the need for local storage facilities and the need to secure business licenses. Eshna Basu, "Costco Wholesale Corporation Enters China the Smart Way", Motley Fool, February 07, 2015, © The Motley Fool, LLC

Domains RETAIL BUSINESS Online Operations Strategy Geographies Worldwide Asia-Pacific China

Tesco Expands Price-Cut Campaign To Include Own-Label Baby Care Products February 6, 2015: 12:00 AM EST Retailer Tesco cut the prices of selected items from its own-label Tesco Loves Baby line of baby care products, including nappies, wipes, and toiletries. Effective February 5, 2015, the price rollback includes economy packs of Super Fit and Ultra Dry nappies and jumbo packs of Ultra-Soft Fragrance-Free wipes. To help promote the price cuts, Tesco Baby Club launched “Happy,” an Instagram video campaign co-developed with social media agency Forward Worldwide. "Tesco slashes prices on its own-label nappies, wipes and toiletries", SourceWire, February 06, 2015, © DWPub

Domains RETAIL BUSINESS Marketing Private Label Products & Pricing Geographies Worldwide EMEA Europe United Kingdom

Asda Follows Parent Walmart’s Lead In Store Remodeling February 6, 2015: 12:00 AM EST Walmart’s U.K. supermarket subsidiary Asda said it is extending its “fit for the future” superstore trial to eight more stores as part of a five-year strategy to “redefine value grocery retailing”. The remodeling will accommodate “changing shopper habits” that include online buying and offline purchase pick-up. Remodeled stores will include a designated fast lane, for example, and a “Drive-Thru Click and Collect” zone. In addition, the remodeled Asda stores will add or expand fashion and homewares space, mother and baby departments, and health, beauty and wellness departments to include opticians and pharmacies. "Asda puts customers at the heart of "Superstores of the future" trials", News release, Asda, February 06, 2015, © Asda Stores Limited

Domains RETAIL BUSINESS Consumers Marketing Other Geographies Worldwide EMEA Europe United Kingdom

Walmart Sends Veteran Exec To China To Restore Reputation February 6, 2015: 12:00 AM EST Walmart is trying to polish its image in “critical market” China after damaging news reports about questionable accounting, inventory and food-safety practices. The company named veteran Walmart employee Maggie Sans as senior vice president and chief corporate affairs officer in China to help improve its reputation. A story published by Bloomberg News in December showed that Walmart’s China unit had for years engaged in unauthorized sales and accounting practices that made the business appear healthy in the midst of an actual slowdown in retail transactions. Renee Dudley, "Wal-Mart Creates New Post in China to Improve Reputation", Bloomberg, February 06, 2015, © Bloomberg L.P.

Domains RETAIL BUSINESS Market News Operations Geographies Worldwide Asia-Pacific China

IHOP Launches New Croissant-Based Pastry Hybrid February 6, 2015: 12:00 AM EST New York's superstar baker Dominique Ansel – creator of the wildly successful, widely copied croissant-doughnut hybrid known as the “cronut” – has nothing on the International House of Pancakes (IHOP). After a year of experimentation, the restaurant chain has come up with its own mash-up pastry based on a croissant – the “criss-croissant”. The treat consists of croissant dough (42 layers) baked in a waffle iron, then filled and topped with either lemonade cream and blackberries or sweetened cream cheese and strawberry rhubarb. Other national chains that have created hybrid pastries include Dunkin' Donuts (the popular croissant donut) and Jack in the Box. Katie Little, "Meet the criss-croissant: IHOP's new hybrid creation", CNBC, February 06, 2015, © CNBC LLC

Domains RETAIL BUSINESS Marketing Operations Products & Pricing Trends Geographies Worldwide North America United States of America

Walmart Moves Asda Exec From U.K. To Lead Innovation In U.S. February 5, 2015: 12:00 AM EST The COO of Walmart British subsidiary grocery retailer Asda is transferring to the U.S. to take charge of innovation at the parent company. 10-year-veteran Mark Ibbotson – described by CEO Andy Clarke as a “first-class retailer” -- led Asda’s online, click and collect and grocery home shopping. In the U.S., he will concentrate on developing Walmart innovation for customers. The transfer is the latest in a series of executive moves at Asda. Sara Spary, "Asda COO promoted to Walmart innovation role", Sara Spary Marketing Magazine , February 05, 2015, © Haymarket

Domains RETAIL BUSINESS Innovation Market News Operations Geographies Worldwide EMEA Europe United Kingdom

McDonald's Japan Reports Wider Net Loss For 2014 February 5, 2015: 12:00 AM EST McDonald's Holdings, operator of McDonald's Japan, reported a group net loss of 21.84 billion yen, or $190 million, in 2014, compared with 5.14 billion yen in 2013. Revenue dropped 14.6 percent to 222 billion yen during the period, compared with 260 billion yen in the previous year. Moreover, sales fell 38.6 percent in January 2015, compared with sales in January 2014. Several food safety-related scandals hurt the company's revenue performance, according to company executives and market observers. RJ Whitehead, "Scandals prompt McDonald’s Japan to report first loss in over a decade", FOODnavigator-asia.com, February 05, 2015, © William Reed Business Media SAS

Domains RETAIL BUSINESS Operations Strategy Geographies Worldwide Asia-Pacific Japan

Asda, Other U.K. Grocery Chains, Struggle To Compete With Discounters February 5, 2015: 12:00 AM EST Asda CEO Andy Clarke advises Dave Lewis, new head of supermarket rival Tesco, to wean the company off discount vouchers. Tesco’s sales have increased through the use of vouchers, which Clarke calls “quantitative easing”, a solution that can only work for so long. Asda has switched from vouchers to straight price cuts. In addition, the company is revamping stores to try to win market share from competitor retailers, and to dampen the impact of discounters Aldi and Lidl. Asda will be devoting more store space to fresh food, hot food and health and beauty products, and much less space to goods now bought mostly online, like televisions, DVDs and CDs. Sarah Butler, "Asda boss Andy Clarke says Tesco is having ‘heart surgery’", Guardian, February 05, 2015, © Guardian News and Media Limited

Domains RETAIL BUSINESS Market News Operations Strategy Geographies Worldwide EMEA Europe United Kingdom

Sephora Introduces New Members Of The Sephora PRO Team February 5, 2015: 12:00 AM EST French cosmetics retailer Sephora introduced its new lineup of makeup artists for The Sephora PRO Team. Representing markets in North and South America, the team members are “among the industry's most knowledgeable in beauty expertise and application,” the company said. Covering a specific region each where they are expected to provide consumers with their beauty expertise and application and promote Sephora brands, the 15 market experts earned permanent spots on The Sephora PRO Team by excelling in weeks of rigorous challenges and interviews. Among these experts are Adi Lando from Toronto, Lou Swinden Payne from Ottawa, and Eliza Davila from Philadelphia. "SEPHORA Unveils The New Sephora PRO Team", MultiVu, February 05, 2015, © MultiVu

Domains RETAIL BUSINESS Marketing Operations Strategy Geographies Worldwide North America United States of America Canada

Carrefour Makes Shopping Easier For Smartwatch, Smartphone Owners February 5, 2015: 12:00 AM EST French retailer Carrefour sees a high-tech marketing opportunity among Samsung smartwatch and smartphone customers. The company has partnered with Publicis Shopper and Think&Go to allow Samsung gear S watch and compatible Samsung smartphone owners to access Carrefour shopping lists and loyalty cards using the new C-où mobile app launched last April. Customers create a shopping list on their smartphone and it appears simultaneously on the smartwatch. The new shopping experience, being tested at Carrefour's smart Villeneuve-la-Garenne store, has so far been a hit among Carrefour customers. "Carrefour tests the first shopping list on a smartwatch", News release, Carrefour, February 05, 2015, © Carrefour

Domains RETAIL BUSINESS Consumers Innovation Marketing Online Operations Trends Geographies Worldwide EMEA Europe France

Aldi Says To Open 70 New Stores And Hire 5,000 Staff In UK February 4, 2015: 12:00 AM EST Discount retailer Aldi said it plans to open more than 70 new stores in the UK in 2015, adding to its present 560 store count in the country. Part of the company's efforts to improve its ability to compete with the UK's Big 4 supermarkets, the expansion will also see the hiring of almost 5,000 additional workers. The new openings will include 150 store managers and 300 assistant store managers. Alan Tovey, "Aldi to open 70 more UK stores and recruit almost 5,000 staff", Telegraph, February 04, 2015, © Telegraph Media Group Limited

Domains RETAIL BUSINESS Market News Operations Strategy Geographies Worldwide EMEA Europe United Kingdom

Despite Food Safety Setback, Yum Brands Believes In China’s Potential February 4, 2015: 12:00 AM EST Though Yum Brands has cut ties with the company that supplied its Chinese KFC locations with tainted meat, consumers remain wary. The company operates 4,800 KFC restaurants and 1,600 Pizza Huts, so a slow rebound from the disaster will be costly. It took Yum more than a year to recover from a similar publicity problem that occurred in 2012 when a Chinese media outlet accused local KFC suppliers of “cramming extra antibiotics into their chickens”. Yum CEO Greg Creed said the company firmly believes in the long-term potential of the Chinese market and expects to open at least 700 new units there. Charles Riley, "Yum's China fiasco shows danger of food scandals", CNN Money, February 04, 2015, © Cable News Network. A Time Warner Company

Domains RETAIL BUSINESS Consumers Operations Geographies Worldwide Asia-Pacific China

New York Orders Big Retailers To Stop Selling Phony Dietary Supplements February 3, 2015: 12:00 AM EST Four national retail chains were accused by the State of New York of selling “fraudulent and in many cases contaminated” dietary supplements. The state attorney general sent cease-and-desist orders to Walmart, Walgreens, Target and GNC including test results showing that supplements contained cheap fillers and hazardous substances, and often none of the labeled product. Five of six of GNC’s “Herbal Plus” supplements “were either unrecognizable or a substance other than what they claimed to be”. Three of six Target supplements (ginkgo biloba, St. John’s wort and valerian root) did not contain the advertised ingredient. Instead they contained powdered rice, beans, peas and wild carrots. Anahad O'connor , "What’s in Those Supplements?", The New York Times, February 03, 2015, © The New York Times Company

Domains RETAIL BUSINESS Brands Market News Operations Products & Pricing Regulation Geographies Worldwide North America United States of America

Amazon Opens First Physical Store On Purdue University Campus February 3, 2015: 12:00 AM EST Online retailer Amazon opened its first ever bricks-and-mortar store on the campus of Purdue University in West Lafayette, Indiana. Described by the company as a “customer order pickup and drop-off location,” the staffed center will allow Purdue students to pickup orders of textbooks and other goods, as well as make returns. To be manned by Amazon employees from the company's five facilities in Indiana, the store will allow customers to ask a staff member to open a locker for them. Chris Johnston, "Amazon's first bricks-and-mortar store opens in ... Indiana", The Guardian, February 03, 2015, © Guardian News and Media Limited or its affiliated companies.

Domains RETAIL BUSINESS Online Operations Strategy Geographies Worldwide North America United States of America

Millennials Like Fast-Casual, And Convenience Store, Food February 4, 2015: 12:00 AM EST A large number of Millennials are fueling the trend away from fast food and toward more upscale fast-casual restaurants. But an even larger number are patronizing convenience stores, according to NPD Group. About 11.1 percent of Millennial food and beverage purchases took place at convenience stores in 2014, compared to 7.7 percent in 2006. Fast-casual accounted for 6.1 percent of Millennial stops in 2014 vs. 3.1 percent in 2006. NPD says Millennials are cheap, like anyone else. And they “get food as fuel” rather than “go out for exciting eating adventures”. Bruce Horovitz, "Millennials crave convenience stores most of all", USA Today, February 04, 2015, © USA TODAY, a division of Gannett Satellite Information Network, Inc.

Domains RETAIL BUSINESS Consumers Research Trends Geographies Worldwide North America United States of America

Improving Confidence And Economy Fail To Dampen UK Consumer Enthusiasm For Discounters February 3, 2015: 12:00 AM EST UK households that intend to shop at discount retailers increased to 45 percent in 2014 from 37 percent in 2013 despite the improvement in consumer confidence in the economy, according to market research firm Nielsen. Data from the report “UK Consumer Confidence Index” revealed confidence level in the country rose to 94 points, with 100 points or higher representing confidence, after four consecutive quarters of growth. Also, 42 percent of 30,000 consumers covered by the survey said they currently feel confident about buying, while 45 percent said expressed confidence in their personal finances. "Consumers will continue to switch to Lidl and Aldi despite boost to personal finances, finds Nielsen", The Drum, February 03, 2015, © Carnyx Group Ltd

Domains RETAIL BUSINESS Consumers Market News Trends Geographies Worldwide EMEA Europe United Kingdom

Target Hires Tesco IT Chief As CIO February 3, 2015: 12:00 AM EST Former Tesco (U.K.) chief information officer (CIO) Mike McNamara is the new CIO at Target Corporation, the company announced. McNamara, who replaces Bob DeRodes, will report to Chairman and CEO Brian Cornell. McNamara will manage the company’s technology team and operations, including information security, and will help shape enterprise strategy. McNamara is credited with modernizing Tesco’s IT and supply chain worldwide. He helped introduce innovative in-store technologies such as “scan-as-you-shop” capabilities. He also launched the company’s innovation lab. "Target Names Global Tech and Innovation Leader Mike McNamara as New CIO", News release, Target, February 03, 2015, © Target.com

Domains RETAIL BUSINESS Operations Geographies Worldwide North America United States of America

The Body Shop Acquires Australia Unit From Franchisee February 3, 2015: 12:00 AM EST Beauty retailer The Body Shop said it has acquired the assets of Adidem Pty Limited, the company that has owned and operated The Body Shop Australia since 1983. Previous owner and franchisee Graeme Wise has built and expanded the retail business in Australia over the past 32 years. The deal sees the transfer of The Body Shop's fifth largest market from a franchise operation to a company-owned market. "The Body Shop International Announces the Acquisition of its Australia Franchise Business", PR Newswire, February 03, 2015, © PR Newswire Association LLC

Domains RETAIL BUSINESS Operations Strategy Geographies Worldwide Asia-Pacific Australia

Target Unveils Planned Store-Opening Spree For 2015 February 2, 2015: 12:00 AM EST Target Corp. announced plans to open 15 stores in 2015. Aimed at reaching consumers in highly urbanized areas, Target's expansion moves will include opening eight TargetExpress retail stores, one CityTarget, and six general merchandise stores. Also, the retailer said it will offer shopper “new experiences, merchandising layouts, and innovations” with its general merchandise format. At present, Target is operating one TargetExpress store in Minneapolis. Target said it plans to open two more such stores in Washington, D.C., and one in Chicago. "Target Announces Store Growth Plans for 2015", Target, February 02, 2015, © Target.com

Domains RETAIL BUSINESS Operations Strategy Geographies Worldwide North America United States of America

Bed Bath & Beyond Reports Impressive Online Sales Growth In 3Q FY 2014 January 29, 2015: 12:00 AM EST Bed Bath & Beyond reported online and mobile sales rose 40 percent in the third quarter of its fiscal 2014. According to the company's January 2015 earnings call, it has increased its online selection by almost 40 percent to 200,000 SKUs. In addition to home furnishings, the retailer's e-commerce store now offers other products, including audio and electronics, pet care, and lawn and garden care. For the quarter, the company said its revenue increased 2.7 percent to more than $2.94 billion. "Bed Bath & Beyond Moves Beyond Brick-and-Mortar—and It Works", eMarketer, January 29, 2015, © eMarketer Inc.

Domains RETAIL BUSINESS Marketing Online Operations Strategy Geographies Worldwide North America United States of America

Tesco Expands Corporate Finance Team, Looks For Corporate Development Head January 26, 2015: 12:00 AM EST Tesco is expanding its in-house corporate finance department, as part of the retailer's efforts to improve management of its assets. This move includes searching for a leader of corporate development for the team the company expects to perform tasks related to corporate finance, including investment opportunities, portfolio reviews, spinoffs, and mergers and acquisitions activities. According to Tesco, the proposed team will report to CEO Dave Lewis, finance director Alan Stewart, and group strategy director Benny Higgins. Andrea Felsted, "Tesco to beef up corporate finance department", Financial Times, January 26, 2015, © The Financial Times Limited

Domains RETAIL BUSINESS Operations Strategy Geographies Worldwide EMEA Europe United Kingdom

Walgreens Boots Alliance Names Fairweather As EVP And Global CFO January 26, 2015: 12:00 AM EST Walgreens Boots Alliance, Inc. appointed George Fairweather as executive vice president and global chief financial officer effective February 20, 2015. Previously group finance director of the former Alliance Boots, Fairweather will succeed Timothy McLevish, who was Walgreens CFO since August 2014. McLevish will become senior advisor to Walgreens Boots Alliance CEO for finance, integration, and business development. Fairweather was group finance director of Alliance Boots since its founding in July 2006. "Walgreens Boots Alliance Appoints George Fairweather as Global Chief Financial Officer; Tim McLevish to Continue as Senior Advisor to CEO for Finance, Integration and Business Development", Walgreens Boots Alliance, January 26, 2015, © Walgreens Boots Alliance, Inc.

Domains RETAIL BUSINESS Operations Strategy Geographies Worldwide North America United States of America

Carrefour Invests In Tech-Focused Investment Fund Partech Growth January 26, 2015: 12:00 AM EST French retailer Carrefour said it has invested in Partech Growth, an investment fund focused on fast-growing technology and digital companies. According to the company, this investment confirms its emphasis on innovation as a part of its business and operations. Its investment in Partech Growth will enable the retailer to establish partnerships with technology and digital companies. "Carrefour invests in Partech Growth to stimulate innovation and support cutting-edge digital companies", Carrefour, January 26, 2015, © Carrefour

Domains RETAIL BUSINESS Operations Strategy Geographies Worldwide EMEA Europe France

Top Consumer Goods Brands Fight Bruising Wars With Private Labels In Europe January 26, 2015: 12:00 AM EST Major consumer goods brands are finding it hard to turn back expanding sales of supermarkets' own-label products in Europe. Advancing private labels are grabbing market share from household goods brands, such as Nestle and Unilever, as well as causing erosions in prices and margins. According to market research firm IRI, however, sales of own-label products are slowing down, as leading supermarkets cut prices on top brands as part of their efforts to battle discount retailers, such as Aldi and Lidl from Germany. In 2014, own-label products lost 0.1 percentage point of market share, a first since 2007, data from IRI showed. Emma Thomasson and Martinne Geller, "Big brands face struggle to contain own label advance in Europe", Reuters, January 26, 2015, © Thomson Reuters

Domains RETAIL BUSINESS Brands Market News Marketing Private Label Geographies Worldwide EMEA Europe United Kingdom Germany

Walmart Chile CEO And President Nucci Retires January 23, 2015: 12:00 AM EST Wal-Mart Stores, Inc. announced the retirement of Walmart Chile CEO and president Gian Carlo Nucci effective June 2015. Also, the retailer said it has invited Nucci, who has served as a leader and an important member of the company's Latin America team during his 22 years with Walmart, to become a member of the boards of directors of Walmart Chile and Walmart Mexico and Central America. Nucci, who successfully managed different formats in Mexico before his transfer to Chile, will be succeeded by Horacio Barbeito, Walmart Argentina's current president and CEO. "Walmart Announces Changes to Latin America Business Leadership", Wal-Mart, January 23, 2015, © Wal-Mart Stores, Inc.

Domains RETAIL BUSINESS Operations Strategy Geographies Worldwide Latin America Chile

Wegmans Lowers Sugar Content Of Own-Brand Products January 22, 2015: 12:00 AM EST Regional supermarket chain Wegmans announced its plan to reduce the amount of sugar added to its private label products. Driven by the retailer's desire to help customers “eat healthier,” the initiative also involves changing the formulation of own-brand bottled sauces to cut their sugar content, as well as other products sold under its brand. Also, Wegmans launched smaller-portion sizes of its bakery products, such as mini croissants and mini sweet rolls. Cathy Jett, "Wegmans reduces sugar in its private label products", The Free Lance-Star (Fredericksburg, Virginia), January 22, 2015, © Fredericksburg.com

Domains RETAIL BUSINESS Operations Private Label Strategy Geographies Worldwide North America United States of America

Supermarket Chain Cuts Sugar Content Of House Brand Foods January 22, 2015: 12:00 AM EST Supermarket chain Wegmans announced it is cutting the levels of added sugar in some of its own-label food products to help customers eat a more healthful diet. The company said it is adding less sugar in organic varieties of its foods and “they still taste great”.  The retailer is also reformulating bottled sauces and other products to reduce sugar levels while preserving the flavor. The company acknowledged that it’s not tinkering with its bakery products – that “can be tricky” – but instead is reducing portion sizes rather than cutting sugar content. That means more mini croissants, mini sweet rolls and mini cheesecakes, the company said. Cathy Jett, "Wegmans reduces sugar in its private label products", The Free Lance-Star (Va.), January 22, 2015, © fredericksburg.com

Domains RETAIL BUSINESS Brands Consumers Operations Private Label Geographies Worldwide North America United States of America

Walmart Canada Plans To Open 11 Supercenters In Canada In January 2015 January 22, 2015: 12:00 AM EST Walmart Canada said it plans to open 11 supercenters across the country by January 29, as part of its expansion for the fiscal year ending January 31, 2015. Upon completion, the projects will bring the retailer's total store count up to 394, with 280 supercenters and 114 discount stores. Scheduled for opening on January 22 are stores, including those located in Sydney, Nova Scotia; Charlottetown and Summerside, Prince Edward Island; and North Battleford, Saskatchewan. On January 29, several stores, including those in Cornwall and Napanee, Ontario, will be opened by the retailer. "Walmart Confirms Opening of 11 Supercentres across Canada in January 2015", Walmart Canada, January 22, 2015, © Walmart Canada Corp.

Domains RETAIL BUSINESS Operations Strategy Geographies Worldwide North America Canada

Aldi Reports Strong Sales Growth In Australia, Expands Market Share In 2014 January 21, 2015: 12:00 AM EST Aldi Australia reported sales grew 13 percent to AU$6 billion in 2014, compared with AU$5.3 billion in 2013. Opening 25 new stores in 2014, Aldi's growth rate during the year was almost three times that of its largest competitors. Woolworth's sales grew 4.9 percent, while Coles reported sales rose 4.6 percent. With its store count currently at 366 branches, Aldi now accounts for 11 percent of the retail market in the region. Aldi Australia CEO Tom Daunt said his company is likely to expand its market share to 15 percent soon. "Aldi Australia sales up 13%", IGD Retail Analysis, January 21, 2015, © The Institute of Grocery Distribution and IGD Services Limited

Domains RETAIL BUSINESS Operations Strategy Geographies Worldwide Asia-Pacific Australia

Consumers Still Turn To Private Label Products For Value, Affordability January 20, 2015: 12:00 AM EST A new report from researcher IRI shows that private label products have proven to be the answer for consumers looking to stretch their shopping dollars while finding value. Brand selections continue to be based on affordability: one-third of U.S. shoppers look for and choose private label products to save money. U.S. consumers spent $120 billion on private label products in 2014, an increase of 2.1 percent over 2013. But IRI says consumers are looking for value, not just low prices, so it’s important for retailers to stock national and private label brands offering value and affordability. National brand innovation has been strong in beauty products, while private label is strong in the mass/super channel. "Private Label & National Brands: Dialing in on Core Shoppers", Report, IRI, January 20, 2015, © IRI

Domains RETAIL BUSINESS Market News Private Label Research Trends Geographies Worldwide North America United States of America

Problems In Emerging Markets Stifle Unilever’s Financial Performance January 20, 2015: 12:00 AM EST Unilever said weak performance in emerging markets adversely affected fourth quarter sales, which were lower than expected by analysts. Underlying sales rose 2.1 percent, though analysts were expecting a 2.6 percent increase. Unilever’s decision to destock its products from Chinese store shelves as a reaction to the slower economy there led to a 20 percent slide in sales. Full year sales growth also came in slightly below expectations at 2.9 percent. The company blamed problems in emerging markets – 60 percent of Unilever’s sales – for the tepid financial performance. Besides the slower Chinese economy, problems included weakening currencies, sanctions on Russia, and fierce price competition among European retailers. Graham Ruddick, "Unilever claims it has 'good relations' with Tesco despite accounting scandal", Telegraph, January 20, 2015, © Telegraph Media Group Limited

Domains RETAIL BUSINESS Market News Marketing Operations Geographies Worldwide EMEA Europe United Kingdom