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

Hello and good day!
Up to now, Amazon’s drone plans have suggested the unmanned aerial vehicles would arrive at your doorstep, but it looks like they will be able to come directly to wherever your smartphone is. Sounds a bit scary, doesn't it? Read about the latest drone developments, shopping sprees, takeover attempts and a lot more. Have a great start to the week.

ADVERTISEMENT
 

asia & australia
Alibaba poised to grow overseas   China's biggest e-commerce company has acquired more than a 9% stake in US online retailer Zulily. Alibaba chairman Jack Ma aims to have 50% of sales from outside China. The Chinese powerhouse is also in talks to buy a US$ 1.2 billion stake in India's Micromax Informatics. ▪
Target market India   Japanese baby products company Pigeon wants to enter the Indian market. The company controls 80% of the Japan's nursing bottle market +++ Textile tycoon Sanjay Arvind is likely to take over the Indian operations of cosmetics and beauty retailer Sephora, which entered the country three years ago. ▪
Australian announcements   Michael Chaney will be the new chairman of Wesfarmers, parent company of supermarket chain Coles +++ Struggling Australian wholesaler Metcash has seen its share price slump to a 14-year-low, after it announced new job cuts. ▪
europe
Tesco to sell its mobile business   The troubled British supermarket group is gearing up for the sale of its mobile business as the company looks to reduce a GBP 22 billion debt mountain. Tesco has also dumped its auditors of 32 years, PwC, after last year's accounting scandal.  ▪
Aldi and Lidl win taste test   Big supermarkets seem to be losing a quality war as well as a price war. Aldi, which has cut prices by an average 4% in the last six months, and Lidl have beaten most of Britain’s supermarkets when it comes to taste. ▪
ADVERTISEMENT
 
Ahold and Delhaize in merger talks   Dutch food retailer Ahold and Belgium's Delhaize Group are in talks about a possible merger. The talks have started recently and are in an early stage. Both companies declined to comment. ▪
Syngenta rejects Monsanto  Swiss multinational Syngenta has rejected an ‘unsolicited preliminary approach’ from Monsanto to acquire the company, but the US agrochemical multi is set to press ahead with its takeover plan. ▪
 usa & canada
Walmart on a shopping spree   Walmart Canada has reached agreements to acquire one distribution center, 12 store leases and one property formerly held by Target. The company says it will spend about US$ 165 million for the leases and properties and a further US $185 million on renovations. ▪
State-of-the-art in Missouri   Supermarket chain Schnuck Markets will begin with the construction of a new estimated US$ 100 million, state-of-the-art distribution centre in St. Louis County, which is expected to be completed in summer 2016. ▪
Bebe and Sprouts post weak results   Californian-based woman fashion retailer Bebe reported a loss of US$ 11.2 million in its third quarter +++ Any sales weakness exhibited by Sprouts Farmers Market during the first quarter is only temporary according to analysts.  ▪
developments to watch
Amazon gives details about drone deliveries   The online giant has revealed details of its drone delivery plans. If you think the goods will arrive at your doorstep, think again.  ▪
McDonald's lags with Twitter   The fast-food giant responds more slowly to Twitter commentary than other major hamburger chains, according to social media analysis conducted by the Wall Street Journal. ▪

If this newsletter was forwarded to you, subscribe here!
For questions or comments please contact us here

To advertise in Retail Update click here

RetailUpdate is a product delivered to you by lebensmittelzeitung.net

ImprintArchive