Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung

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There have been a couple of new acquisitions in the e-commerce space with Alibaba partnering with Bigcommerce and Snapdeal with Freecharge. Aldi is making ground in the UK supermarket wars and Spar International is expanding into Russia. Read about these stories and more in today’s issue.  

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asia
Alibaba joins forces with Bigcommerce   In order to source products from their network of Chinese wholesalers, Alibaba.com has joined forces with e-commerce platform Bigcommerce +++ Meanwhile, in India, the e-commerce retailer Snapdeal has purchased online retail platform Freecharge for a whopping $400M. The joint venture will create India’s largest mobile commerce platform ▪
Flipkart to launch grocery service   In the wake of rivals Amazon and Snapdeal, which are already established in the segment, Flipkart is poised to sell groceries from the second half of this year ▪
Xiaomi builds in Bengaluru   To help the company in its retail push and establish its own e-commerce store for Indian consumers, Chinese electronics heavyweight Xiaomi is planning to set up its first warehouse in Bengaluru ▪
europe
Spar to expand in Russia   Spar International has secured new licence agreements with Russian partners, Intertorg and Azbuka Vkusa. The deal will result in the opening of 45 new Spar stores within the Moscow region during the next 12 months. ▪
Aldi gets bigger in Britain   According to latest figures from Kantar Worldpanel, Aldi has overtaken the strong-performing Waitrose to become the sixth biggest supermarket in Britain. So, the question must be asked, is Waitrose's survival at risk?  ▪
Brits enjoy lowest prices in nine years   Due to fierce competition among supermarkets and a slump in oil prices, British consumers are enjoying the lowest prices in nine years for food, clothing and electronic goods.  ▪
usa
Tiger to open first US store   In May, Denmark discount store Tiger will open a 5,000-sq-ft store in New York City, United States.  It is thought that Tiger is looking at more sites in the New York market. ▪
Dollar Tree to sell 340 stores   They are selling the stores to meet antitrust requirements of its pending acquisition of Family Dollar Stores. The company said that almost all the units to be sold are Family Dollar Stores.  ▪
items of interest
Amazon takes on Ebay   Ebay’s once loyal merchants are deserting to Amazon saying they can make more money. It has been reported that in 2014, Amazon’s pool of merchants increased two fold, while Ebay’s pool has remained static.  ▪
McDonald’s to upscale burgers   How does sirloin in your burger sound? For a limited time, McDonald’s will be adding sirloin burgers to their US menu. This latest move by new CEO, Steve Easterbrook, is an effort to breathe life into the ailing fast-food chain.  ▪

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