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

Hello and good day!
Another day and more top-level changes, mainly in Britain. Read about the management merry-go-round, defence and growth strategies, unexpected jumps in sales and takeover plans. Get informed about Amazon's new friendship with major publishers and the pressure US tech giants are facing in Europe. 

Legoland anchors Shanghai mall   Merlin Entertainments will open its first Legoland in China at Parkside Plaza shopping centre in Shanghai. Plans are already in place for the 3000-sqm attraction. Opening is scheduled for 2016.  ▪
Alibaba hits back   The Chinese e-commerce group defended itself against accusations that it tolerates fake goods and promised to crack down on counterfeits (paywall) on its sites. Attempting to further grow sales, Alibaba is encouraging smaller vendors to open stores on its e-commerce platform Taobao with new tool “Small Shop" ▪
Vingroup aims to be Vietnam's biggest retailer   Property developer Vingroup announced it will acquire Vinatexmart, the retail arm of the Vietnam National Textile and Garment Group Vinatex. The deal includes 39 Vinatexmart outlets, 14 Vinmart supermarkets and 23 Vinmart+ convenience stores across Vietnam. ▪
Heineken buys Slovenian brewer   The Dutch brewer has agreed to buy Pivovarna Lasko, Slovenia’s largest beverage group in a deal valuing the company at EUR 224 million. Heineken is also believed to have taken on Lasko’s heavy debts. ▪
Poundland grows strong   Discount retailer Poundland has reported annual sales of more than GBP 1 billion for the first time. The competition watchdog is now poised to rule on Poundland's proposed takeover of rival 99p Stores. ▪
Management jobs on offer    Asda has ramped up its search for a chief operating officer who could eventually succeed chief executive Andy Clarke +++ Three senior directors have been fired at retail group Nisa +++  Online fashion portal Asos (paywall) has appointed Helen Ashton as finance director. ▪
Aligning pricing with promotion  Scandinavian multinational supermarket chain Rema 1000 has entered an agreement with Revionics, a leading provider of end-to-end merchandise optimisation. The supermarket operator will apply Revionics lifecycle pricing solutions to manage pricing and align it with brand image. ▪
99 Cents Only and Pet Supplies Plus expand   Price-point retail chain 99 Cents Only plans to open nine new stores in Arizona, California and Texas +++ Pet Supplies Plus, America's largest pet retail franchise with more than 300 locations, announced it has signed six new franchise agreements. ▪
Ahold US increases wages   Supermarket chain Giant-Carlisle, a subsidiary of Ahold,  said it would increase its starting associate wage to US$ 9 per hour beginning in June. Walmart and Target previously announced plans to increase minimum pay this year. ▪
Staples recycles    The office supply chain store operator has collected 450 million ink and toner cartridges for recycling and is about to launch a new interactive energy calculator that allows customers to compare their own energy consumption to other homes. ▪
Developments to watch
US Tech giants under scrutiny in Europe   Apple, Google, Facebook and Amazon face intensifying scrutiny by European regulators, a pressure that could potentially curb their sizable profits in the region and affect how they operate around the world ▪
Amazon and HarperCollins renew friendship   After Amazon mended its relationships with some of the biggest publishers last year, it is now HarperCollins' turn to make peace with the e-commerce giant. Both companies have signed a multi-year contract. ▪

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