The headlines from this week are primarily focussed on the recent announcements in the grocery industry. Here’s Shopper Discounts and Rewards selection.
As the landscape of the grocery market has rapidly developed over the last couple of years, changes in this industry are unfortunately imminent.
Additionally, the consumer electronics giants are preparing for the next best thing.
M&S announces job cuts and store closures in Ireland
Retail chain Marks & Spencer announced on Wednesday it’s planning to close four stores around the country.
The closure means the loss of 180 jobs in Mullingar Co Westmeath, Naas in Co Kildare, Dun Loaghaire in Dublin and Tallaght, and the shops are due to close as early as next week.
According to the company, the four stores were considered as being unprofitable. After a strategic review, the company had to ‘protect the long term good of the company’ and decided on the store closures.
Despite the bad news, M&S Ireland announced that it plans to open a flagship store in Limerick in 2016. (source RTE.ie)
Superquinn to turn into SuperValu
Supermarket giant Musgrave announced that it will streamline its operations by rebranding the Superquinn outlets next February. All 24 Superquinn outlets will be rebranded under the new SuperValu brand.
This rebranding and streamlining does mean the loss of 102 jobs at the Superquinn’s back office.
Various experts expect a positive effect for shoppers as a result of the rebranding. It is expected that the lower costs and own-brand products will make shopping cheaper. (Source Retail-Week.com)
South Korean electronics giant seeks trademark for ‘smart watches’
Smart watches might be the hottest gadget in a couple of months’ time.
Despite the South Korean previous attempt in 2009 to release a watch phone (the Samsung S9110), the two giants are lining up for the next big battle in consumer electronics: wearable computing devices.
Where Apple applied for a trademark for ‘iWatch’ in Japan in June, Samsung is looking to get its ‘Samsung Galaxy Gear’ patented and trademarked in the US.
Will this result in another heroic and epic Samsung vs Apple battle? (Source Yahoo News)
(Image by SimonQ, usage under a Creative Commons license)