Quarterly Outlook : May 2015 - Harrier Human Capital
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This paper provides a high level insight into the current retail markets in Australia and the United Kingdom (UK), with a particular focus on the emerging trends in grocery and their likely impact on brand, both for employees and consumers. RETAIL INSIGHT PAPER Quarterly Outlook : May 2015 01
Easter sales figures were down again in Australia this year, with a record 5% fall in spending across the retail sector as a whole, amid concerns about job security, the falling Australian dollar and in anticipation of interest rate changes. Snapshot of Falling Easter sales have been a recurring trend over and has been ordered to display notices in stores. Woolworths may face a fine of $50,000 over its failure Aldi will almost double its sales in five years. It entered the Australian market in 2001 and has a greater account traffic data, turnover and consultation with industry sources, and shows areas that could have Retail in Australia the last three years. to gain permission for the use of the market share here than in the UK. implications for the grocery market: Easter sales figures for 2015 have word ‘Anzac’ as per the Protection fallen, with a record 5% drop in of the Word Anzac Act 1920, in their Department store Myer has been Temple and Webster Homewares $28 million aiming for $ spending across the retail sector highly contentious bid to honour asked to explain by the ASX why Various, but launched online Kogan $300 millio as a whole amid concerns about the Gallipoli landing. The campaign it didn’t announce that its revised groceries in Feb 2015 job security, the falling Australian was withdrawn after complaints and annual profit figure was downgraded The Iconic Fashion $31 million dollar and in anticipation of pressure regarding the alignment from $89.6 million to $75-80 million Catch of the Day Online deals and discounts, Catch Grou part of Catch Group 8 years old. interest rate changes. of their slogan ‘fresh food people’ when it announced its executive with the campaign’s slogan of ‘fresh movements earlier in the month. Booktopia Books $40 million Commentators on the Australian in our memories’. Target also pulled Myer claims the downgrade of the JB-Hifi Digital and physical entertainment content Online reve retail market are forecasting a price products from their 26-item Camp full-year results was only confirmed Red Balloon Experiences $60 million war between Coles and Woolworths, Gallipoli line, following advice from the day before the results were Contributor moving away from what has the Department of Veterans’ Affairs announced and that there were a Dan Murphy’s Liquor Liquor Grou traditionally been a marketing-based that they were inappropriate. number of factors that supported Lorna Jane Activewear $200 millio rivalry. As Woolworths continues to its position would be in line with Using onlin Shoes of Prey Shoes invest $500 million in prices, even Aldi CEO Tom Daunt has said that forecasts. The downgrade led to an in reverse o $69.3 millio announcing 800 job cuts in May1, UBS he expects the discounter’s WA immediate 10% fall in share prices. Dick Smith Electronics just 5% of t expects to see a competitive reaction and SA branches to match the 10% Appliances Online Electrical appliances $150 millio from Coles, triggering a price war akin market share enjoyed on the east Oroton has seen sales drop by to that in the UK, where the Big Four coast, although he acknowledged 6%, and its pre-tax earnings fall Showpo Fashion $7 million t supermarkets in the UK have seen that this is a long term goal. Aldi to $4.5 million rather than the Stylerunner Activewear $2 million t margins fall by 50% in three years2. Australia is planning to build two new forecasted $5.5 – 6.5 million. Both Pet Circle Pet products $12 million distribution centres and up to 130 Oroton and Myer are blaming In the latest round of the ACCC’s stores across the two states over the consumer confidence and economic Adore Beauty Cosmetics $7 million a 2013 legal action, Coles has been next few years, at a projected cost of conditions for their fall in revenue. OzSale Online deals and discounts $180 millio fined $2.5 million for the way in $400-450 million in WA, and $200 – $15 million Klika Home and outdoor which bakery products were being 300 million in SA. The first stores are Sponsored by Australia Post and mid-50s in advertised. Coles has acknowledged due in 2016 and will be self-funded StarTrack, the Smart Company Vinomofo Wine $10 million the products could have been more by the Australian business rather has published a list of the top 20 Hard to Find Curated marketplace $10 million RETAIL INSIGHT PAPER clearly labelled and has already faced than the German parent company. online retailers in Australia for other fines, banned advertisements Callout quote: UBS estimates that 2015. An unranked list, it takes into Quarterly Outlook : May 2015 02
“While supermarkets may be selling more, they are peddling hard to stand still”.3 Snapshot of Sales for Asda, Sainsbury’s and Morrisons all slumped in the 12 weeks to 1 March but Asda was the worst performer, a victim emulating Netto’s partnership with Sainsbury’s, though they have not approached any potential partners later than the rest of the market) put them ahead of Morrisons but behind Tesco and Sainsbury’s. 2015’s Retail in the UK of the ongoing price war and the resurgence of Tesco. yet. Whether this goes ahead or strategy will see Asda further invest In such a competitive market there through ten new stores, and in not, “the potential arrival of another in driving prices down, as well as a is no room for all four big players to London it is due to open nine new discounter in to the UK market refresh of its brand and slogan in grow, and when Tesco improves, the stores. Lidl is creating 500 in the UK won’t make [Dave Lewis’s (Tesco line with parent company Walmart. others suffer4: Tesco is the only one through new distribution centre, CEO)] job any easier. And Aldi and who grew sales in that time period, managerial and warehouse positions. Lidl wont fancy it either”10 according Tesco’s March “in-store management by 1.1%. Aldi’s sales increased by to commentary in The Grocer. shake-up”12 saw thousands of team 19.3% and Lidl’s by 13.6%, though Recent figures have shown that leaders face pay reductions of the latter had faster sales growth in the three of the ten UK towns Variety discounter Poundland has up to one-fifth according to The than the former for the first time where Tesco has scrapped plans to seen its sales exceed £1 billion for Grocer. In an attempt to simplify since 2011, as Lidl attempts to win build a superstore, Lidl is the biggest the first time and is gaining 5,000 the structure and clarify lines of “affluent customers over with better player in the local area that stands to new customers each week, as it responsibility, lead and line managers service and more luxury goods”.5 benefit, whereas Aldi is the biggest continues to attract shoppers to have been given the opportunity player in two of the locations. This the “strong value proposition of of taking a pay reduction, opting The market share of the big four follows news that Tesco is cancelling the discount channel”.11 16% of for redundancy or applying for a supermarkets is at its lowest level plans to build 49 new stores, a the total sales came from grocery new role, either in their existing in a decade: Aldi has overtaken decision that now looks set to give which is likely to be a key strategy store or a different one. Waitrose in terms of UK market the discounters an advantage. area this year. Poundland have 547 share, meaning it is now the sixth stores in the UK and operate 41 in Sainsbury’s brought in changes largest supermarket. The Telegraph Waitrose remains one of only three Ireland and 5 in Spain as Dealz. to its loyalty cards in mid-April, reports that “Aldi’s leapfrogging of players in the UK market to grow reducing the points offering upmarket Waitrose highlights the its market share this year, alongside Asda’s sales performance sunk to its from two to one for every pound dramatic changes in the grocery Aldi and Lidl. It has enjoyed six lowest level since Kantar Worldpanel spent. It is also no longer offering industry”.6 Aldi continues to have years of “unbroken sales growth – began its records in 1994 at the points to those shoppers who “ambitious growth plans”7, as it one of the star performers in the beginning of the year: Like for like reuse their bags, moves that are plans the opening of “more than industry”9 since the start of the GFC. sales dropped by 2.6% in established unpopular with customers. five times the amount of shop space stores in the 12 weeks to 4 January as Tesco in 2015 and more than Europe’s third biggest discounter 2015, though Asda claims to have Tesco, Sainsbury’s and Morrisons is reportedly considering entering an 8% average price gap with the RETAIL INSIGHT PAPER combined”.8 Aldi is also expecting the UK market: Spanish company rest of the big four. Their Christmas to create 500 new jobs in Wales, Dia is said to be looking at sales (announced in February, Quarterly Outlook : May 2015 03
Movers and Dave Chambers, MD of Countdown in New Zealand is heading to Woolworths’ Netherlands, while the supermarket begins an immediate external search for his replacement. This follows the Marks and Spencer’s senior independent director Jan du Plessis has stepped down, shakers “underperforming supermarket operations” in Australia.13 ousting of five senior directors and the redundancies of approximately and new CFO Helen Weir has started, following her move 20 managers just below board level. from John Lewis Partnership. In the UK, the new Morrisons CEO was announced in February: There have also been several high Independent retailer Nisa has Dave Potts is an ex-Tesco director profile management changes at appointed former Tesco and Aldi who started out as a teenaged Asda and Sainsbury’s in recent director, Nick Read, as its CEO. Read shelf stacker. Leaving his role in months, with the latter streamlining has previously worked at Thomas managing Tesco’s Asian business, its central divisions and bringing Cook, Lloyds Banking, Vodafone he replaces Dalton Philips at the its supermarket and convenience and Deloitte. In a move mirroring helm of Morrisons, alongside businesses together. Asda has seen his ex-colleague Potts’ shake-up another ex-Tesco director, chairman a number of senior management at Morrisons, Read has axed three Andrew Higginson. Ousted CEO changes and the departure of senior Nisa directors already. Dalton Philips had struggled to turn company vice-presidents, and is Morrisons around, though his tenure looking to replace Mark Ibbotson The Co-Operative has brought at the top was in a tumultuous time as COO, following his departure in Allan Leighton as its new in the industry, which has “seen off to the US to work for Walmart. independent chairman. a number of other CEOs”.14 The Ibbotson was tipped to be the biggest criticisms of Philips? His successor for Andy Clarke, CEO. Majestic Wine CEO Steve attempts at turning Morrisons in to Lewis has stepped down after a ‘neo-Waitrose’ – “Taking Morrisons Tesco Ireland welcomed Andrew 29 years in the business. upmarket at a time when family Yaxley as its new CEO, from his budgets were under increasing former position of Managing pressure”.15 Morrisons’ Group Director for London, and John Allan Director Casper Meijer has also left joined Tesco UK as Chairman. the company and returned to the RETAIL INSIGHT PAPER Quarterly Outlook : May 2015 04
Emerging Trends Using Facebook as a Recruitment Tool in 2015 Recruiting via social media is not a new phenomenon and recruiters around Australia are well versed in the benefits of using LinkedIn to help them fill their roles. Some even pay for premium access, leveraging the tools LinkedIn can offer, in an effort to differentiate themselves in the eyes of the 347 million registered users. Twitter has its fans in the recruitment world as well – using hashtags to advertise roles, retweeting ads or useful content, and the ability to respond to jobseekers’ questions quickly mean that Twitter isn’t just for celebrities to share their selfies. But what about the social media platform that has 1.44 billion users around the world? The site that appeals to CEOs, directors and shelf stackers alike? The site that has a new functionality that will assist recruiters in finding passive and active candidates? What about Facebook? RETAIL INSIGHT PAPER Quarterly Outlook : May 2015 05
Emerging Trends Using Graph Search to Source Candidates Facebook profile. This is especially valuable when the recruiter is targeting a demographic not usually including their profiles, photos, comments, likes, friends: All of which can be useful for TA when sourcing and reach out as a means of direct sourcing. But, as the CEO of Work4 Labs wrote in a post on Forbes, in 2015 Facebook Graph Search was released in March 2013 and its functionality on LinkedIn, a traditionally white- collar networking site: Within talent for a hard-to-fill vacancy. A contributor to the Forbes “Graph Search is about discovering people — their work history, their and reach has been evolving since retail, butchers, bakers, nightfill education, their interests and then. It combines big data acquired team leads, personal shoppers and website describes “Facebook’s their motivations — and using from its 1.44 billion users with delivery truck drivers are unlikely evolution towards a robust platform that discovery to recruit better”.19 external data into a search engine, to to be in LinkedIn. But do you for recruitment campaigns”,18 Facebook is not a professional provide user-specific search results. think they will be on Facebook? charted below, and asserts that networking site and, although users It is free for everyone to use and is the social model is now “crucial” are seemingly coming round to not specifically a recruitment tool. It According to social recruitment to the recruitment industry. the notion of being contacted by can be used to find ‘Richmond fans specialist Chris South, LinkedIn employers through their personal who live near Perth, WA’ or ‘guitar is “still leaps and bounds ahead in However, Facebook Graph Search is profiles, TA need to be aware teachers who live near Hobart, terms of the depth of content” relatively new and is still evolving. of the risks involved: Infringing Tasmania’ or ‘friends who have been offered, but “Facebook has got the Search results in North America on people’s privacy, spamming to the Maldives’. The Graph Search volume and engagement levels”17 are still far superior to those in the passive candidates and ultimately algorithms are designed to present to make it a viable source. Of Philippines for example. It is not turning people off their brand. results to natural language queries – course LinkedIn is a site built on the optimised for mobile technology no Boolean searching skills required. concept of professional networking yet. And your search results depend Facebook Graph Search is a cheap and will return a larger number on who is in your extended network and easy way of producing research Talent acquisition teams (TA) can of search results for a while yet, with certain items of their profile lists of passive candidates who use this sophisticated functionality but Facebook can provide a more made public. But, it is a free tool TA want to look in to further, as well, especially to target niche rounded profile: Has a Woolworths for recruitment to consider in rather than a list of new contacts or candidate-short areas: Typing in employee liked the Coles careers complementing their existing to add, stalk or spam. If used ‘butchers who live near Melbourne’ page? Has a qualified baker just sourcing strategies and it does not wisely, it can become a useful new returns a list of potential candidates moved to Darwin? Is a digital require a recruiter to magically angle in the search for talent. to look into more closely, without designer at Tesco leaving the UK for become an expert in marketing. being cluttered by people with Australia? Graph Search can quickly the last name Butcher, or every index access all the information each TA can pay a fee to send messages to butcher’s shop in the area with a Facebook user has made available, those they are not connected with FACEBOOK’S EVOLUTION TOWARDS ROBUST RECRUITMENT PLATFORM20 If used wisely, Facebook Graph Search can become FACEBOOK PASSIVE ACTIVE a useful new angle in CONSUMERS R USERS CANDIDATES CANDIDATES the search for talent. E C Like Targeted Ads Social Jobs Partnership Graph Search R U “Publicly “Employers can Users can access “Recruiters will I declaring their suggest jobs to “1.9 million jobs have a chance to T affiliation with consumers”. related to their search within their S companies”. career goals”. own networks”. RETAIL INSIGHT PAPER Quarterly Outlook : May 2015 06
Emerging Trends Talent Communities on Facebook Australian book retailer Dymocks “filled all its Christmas-casual roles YOUR COMMUNITY FOR SHARING CONTENT— Facebook is a social networking site, so TA needs to remember to keep talent communities social but professional. For example, EY staff recently shared photos of in 2015 in the space of a week”21 without advertising. How? By leveraging the way potential employees were engaging with its brand. Rather than forgetting about the multitude of paper CVs brought in by the views from their offices, giving a ‘sneak peek’ to external followers. CSR commitments and out-of-work achievements of members of staff are also often interesting for those outside the organisation, and can promote book-loving customers as an expression of their interest to work positive messages about how an organisation celebrates its people. in-store, Dymocks built an online talent community to direct their walk-in applicants to, keeping them up to date with opportunities, The content shared in any talent community should be interesting insights into company culture and focuses on individual stores.22 and relevant, and not consist of the same material shared on a static careers landing page: Share employee stories, data, news of Talent communities are a form of social recruiting, a virtual network of successful hires through the community and write with authenticity. people who have a joint interest such as a particular organisation or a shared Allow the community to interact with each other and ask you profession. By using social platforms such as Facebook (or LinkedIn) to host questions, but always ensure the content is kept professional. these talent communities, TA are reaching their audience, via the channels that they are already engaged with, rather than waiting for the audience to apply via their job board ads or visit their company website. Internal talent communities can also be extremely useful to recruitment and HR throughout the employee lifecycle, segmented for alumni, new starters and top talent, to keep target groups engaged with the employer brand. YOUR COMMUNITY AS A DISCUSSION FORUM— Online communities can be a hub of technical discussion and, for niche roles, can highlight potential talent to TA or internal participants in them. TA can facilitate and establish these forums but if internal discipline experts can contribute to, lead and invest in making these discussions valuable, they are more likely to attract external SMEs to participate. These internal participants can even recommend individuals to TA for further investigation. YOUR COMMUNITY FOR CROWDSOURCING— Crowdsourcing is often used by well-known brands to generate solutions and innovation to their technical or marketing problems, but is also seen as the future of recruitment: Engaging members of a talent community to such an extent that they consistently refer high quality, untapped talent to vacancies. Crowdsourcing as a sourcing strategy can be complex but, as an introduction, could be a The content shared in any valuable by-product of effective and meaningful talent communities. talent community should be interesting and relevant. RETAIL INSIGHT PAPER Quarterly Outlook : May 2015 07
Emerging Trends To Consider Further When considering Facebook (or any social media platform) as a As mentioned earlier, Facebook is not a professional networking site though users may be becoming more accustomed to being contacted by prospective employers. What about the TA perspective though? The better in 2015 recruitment tool, TA and hiring managers will need to work within their company’s HR and social media policies. Training can also be key in ensuring everyone is using social media in an appropriate way and connected the recruiter or sourcer, the better the search results are likely to be on Graph Search, but how comfortable do they feel using their private Facebook profile to approach people on behalf of work? Do their profiles actually understands what the company’s definition of “appropriate” is. contain anything that is less than desirable for prospective candidates to see? How much control do employers have over these considerations? UNLAWFUL DISCRIMINATION— Unlawful discrimination can occur in the recruitment process as well as in the workplace, and vetting The IT and infrastructure that some organisations have in place can candidates on social media can get employers into hot water: Using it to also be a limiting factor – many block Facebook in the workplace, so suss out an applicant’s sexuality or marital status as part of the recruitment there may be a business case to be made for granting access to TA process for example is discriminatory. To be clear, the use of Facebook and effectively managing their time spent on the site. Preparing your to source and perhaps even to reach out to candidates is fine until “an IT partners for the increase that they’re about to see in TA’s time employer takes adverse action against a person who is an employee or spent on Facebook may also be important in some organisations. prospective employee because of the following attributes of the person: MONITORING NEGATIVE COMMENTS— How to monitor online • race communities is a must for any employer to consider. It may be someone’s • colour full time job to monitor comments, feedback and posts shared within the • sex community and respond to queries as they come in. In smaller organisations it is likely that these tasks will be shared among a team or is something that is • sexual preference looked at by one person on a daily basis. There are also tools on the market to • age assist with monitoring posts about brands, such as Google Alerts which emails • physical or mental disability you every time your brand (or other pre-selected keywords) is mentioned. • marital status However you do it, make sure that someone is overseeing your • family or carer’s responsibilities talent community and understands what sort of posts might be • pregnancy inappropriate or unprofessional. Bad feedback can be dealt with quickly and does not necessarily need to be deleted: It can help you • religion understand the need for improvement and adds to the authenticity • political opinion of your community – members should not feel censored and be able • national extraction or social origin”.23 to self-manage the messages they’re posting. If there’s more than one person hosting or contributing to the talent community, make sure there is a pre-agreed set of guidelines in place that everyone works How comfortable do SOCIAL MEDIA, PRIVACY AND IT POLICIES— Shortlist recently referenced employment lawyer Nicholas Duggal on the main purposes of to, to ensure the content shared is meaningful and professional. recruiters feel using their social media policies when it comes to recruitment: He describes them as Which organisations are having success with Facebook Graph Search remains untold – if it’s working well, employers are keeping private Facebook profile an obligation to candidates and an obligation to employees.24 Considering how best to collate and store candidate’s information in accordance with their success close to their chests. It may take a while for TA to to approach people privacy laws is vital for TA using social media to attract and communicate get to grips with but, according to Chris South, “few recruitment companies are using Facebook which makes it an obvious choice for on behalf of work? with candidates. Privacy legislation comes into play again when considering how an employer regulates its employees’ social media use, such as client businesses looking to get an edge in a talent short market”.25 and candidate contact lists on Facebook and LinkedIn: Who owns that IP? RETAIL INSIGHT PAPER Quarterly Outlook : May 2015 08
Harrier As unemployment rises to 6.2%, the mining boom comes to With falling Easter sales across retail as a whole, redundancies occurring in companies large and small, for TA to have in their sourcing toolkit. Working with marketing to repurpose the material the Observations an abrupt end and industries around the country feel the consumer confidence dipping and organisation already has, TA can pinch, concern over the state a supermarket price war apparently reach out to candidates and host looming, the focus for retail over the talent communities providing of the Australian economy next quarter is sure to be on cost. useful and meaningful insights in to has very much been the their employee value proposition, flavour of the last quarter. Traditionally cost not profit centres the opportunities available and for a business, TA and HR have the culture of the organisation. an important role to play in this market of heightened cost focus. Coupled with LinkedIn, Seek’s new The bums on seats approach just premium talent search function doesn’t cut it anymore – if retailers and employee referrals, Facebook are recruiting it’s because they’re can make for a compelling sourcing looking for the right people in strategy in a business that is focused the right roles. Sourcing needs to on cost and a need to recruit for focus on the passive; it may not non-white collar roles. With a be appropriate to advertise niche well-thought out communications roles in times of redundancy and plan and the strong foundation of it is certainly not ideal to spend policies and social media training in hundreds of thousands of dollars place, it’s time for TA to get creative on agencies and advertising when and embrace Facebook in their the candidates are out there, never ending search for top talent. waiting to be engaged with. Facebook Graph Search, along with other methods of talent mapping, is an important and innovative tool RETAIL INSIGHT PAPER Quarterly Outlook : May 2015 09
References 1. Heffernan M, 6 May 2015 , ‘Woolworths to axe 800 jobs as weak food, petrol lead to sales fall’, smh.com.au 15. Quinn I, 9 April 2015, ‘Aldi to create over 500 new London jobs with nine store openings’, grocer.co.uk 2. Mitchell S, 7 April 2015, ‘Woolworths urged to prepare 16. Gentle T, 14 December 2014, ‘Social media statistics 2014’, timgentle.com for coming grocery price war’, afr.com 17. Chris South, quoted in ‘Obvious but untapped social media 3. Brinded L, 14 April 2015, ‘British supermarkets are platform ripe for recruiters’, 24 February 2015, shortlist.net.au fighting back’, businessinsider.com.au 18. Le Viet S, 28 January 2013 ‘Graph Search and online recruiting: 4. Butler S, 11 March 2015, ‘Asda shows worst sales in 20 How Facebook is transforming an industry’, forbes.com years as Tesco begins to recover’, guardian.com 19. Ibid. 5. Ibid. 20. Graphic prepared by Harrier Human Capital, based on Le 6. Ruddick G and Spence P, 8 April 2015, ‘Aldi overtakes Waitrose Viet S, ‘Graph Search and online recruiting: How Facebook is as Britain’s sixth largest supermarket’, telegraph.co.uk transforming an industry’, forbes.com, 28 January 2013 7. Ibid. 21. ‘Retailer fills Christmas intake in one week without advertising’, 25 March 2015, shortlist.net.au 8. Ibid. 22. Ibid. 9. Ibid. 23. Fair Work Ombudsman Unlawful workplace 10. Halliwell J, 28 February 2015, The Grocer, p. 3 discrimination fact sheet, December 2013 11. ‘Poundland FY2015 sales exceed £1 billion’, 1 April 2015, theretailbulletin.com 24. Nicholas Duggal quoted in ‘Two-pronged social media policies offer recruiters the best protection’, 13 April 2015, shortlist.net.au 12. Quinn I, 7 March 2015, ‘Tesco in-store leaders face paycuts of 20%’, The Grocer, p. 50-2 25. Chris South, quoted in ‘Obvious but untapped social media platform ripe for recruiters’, 24 February 2015, shortlist.net.au 13. ‘Retail jobs - Comings and goings for February’, 1 March 2015, retailnews.co.nz • 14. Mitchell S, 7 April 2015, ‘Woolworths urged to prepare for coming grocery price war’, afr.com Further Sources • ‘Asda FY2014: How the strategy will deliver long term results’, 19 February 2015, retailanalysis.igd.com, http://retailanalysis.igd.com/ Hub.aspx?id=23&tid=3&nid=13578, accessed 16 April 2015 • Fair Work Ombudsman ‘Unlawful workplace discrimination’ fact sheet, December 2013, accessed 4 May 2015, http://www. fairwork.gov.au/about-us/policies-and-guides/fact-sheets/ rights-and-obligations/workplace-discrimination • Brooks B, 10 January 2015, ‘Nick Read returns to grocery as Nisa’s CEO’, The Grocer, p.56 • Farrell C, 18 March 2015, ‘Aldi, Lidl to create 1,000 new jobs’, thegrocer.co.uk, http://www.thegrocer.co.uk/people/jobs/aldi-lidl- • Butler S, 11 March 2015, ‘Asda shows worst sales in 20 years as Tesco begins to to-create-1000-new-jobs/515585.article, accessed 9 April 2015 recover’, guardian.com, http://www.theguardian.com/business/2015/mar/10/ asda-shows-worst-its-sales-performance-in-20-years, accessed 16 April 2015 • Gentle T, 14 December 2014, ‘Social Media Statistics 2014, timegentle. com, http://www.timgentle.com/timgentle/social-media-statistics-2014 • ‘Dia eyes UK expansion via retail joint venture’, The Grocer, 28 February 2015, p.6 • Gilbert H, 14 April 2015, ‘Asda ups search for new COO’, grocer. co.uk, http://www.thegrocer.co.uk/people/jobs/asda-ups-search- RETAIL INSIGHT PAPER • for-new-coo/516993.article, accessed 16 April 2015 Quarterly Outlook : May 2015 10
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