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

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Asian companies continue to find partners all over the world. Today, Alibaba's Tmall and India's HDFC Bank make it to the headlines, both entering collaborations with other global players. In Canada, more of Target's locations have changed hands. This time, Lowe's nailed down a deal. Find out more about those and other news and enjoy the read!

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asia & Pacific
Tmall partners multinationally   Nine multinational retailers, including America's Costco, New Zealand's Countdown, and Korea's Lottemart, have entered a partnership with Alibaba-operated online retail site Tmall, tapping the booming Chinese market. ▪
Cross-promotion in India   HDFC Bank have tied up with partners in e-commerce, doubling up as an online shopping mart of sorts, selling grocery, clothes, shoes and other lifestyle products on its website. The new range includes deals offered from e-tailers such as Snapdeal, Flipkart and Amazon. ▪
Mobile payment options increase   Chinese electronics major Xiaomi has launched online financial services following similar moves by Alibaba, Baidu and Tencent. The new MI Finance services will be accessed through their Xiaomi handsets. +++ In India, Paypal founder Peter Thiel looks to invest US$ 25 million along with Sequoia Capital and other existing investors in mobile payment solutions start-up Citrus. ▪
Coca-Cola Amatil presumes growth  At the company’s annual general meeting, the largest Coke bottler of the Asia-Pacific region informed its shareholders that it is on track to return the business to mid single digit earnings growth over the next few years. ▪
Europe
Tesco names Deloitte   After yesterday's announcement of dumping PwC, the troubled retailer has now unveiled the name of their future auditor, Deloitte. The decision follows the conclusion of a formal tender process. Matt Davies, the new head of Tesco’s UK and Irish business, has started facing his new challenges on Monday. ▪
New Execs for Aldi UK and Ireland   Following the promotion of Matthew Barnes to CEO, Dan Ronald and Giles Hurley have been appointed as joint General Managing Directors of Aldi UK and Ireland. ▪
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Coop Denmark to label more shelves electronically   Coop Denmark, which has already implemented Displaydata’s Chroma electronic shelf labers (ESLs) in more than 300 of its stores, will have another rollout of ESLs in its Kvickly Supermarkets across 29 store locations. It will be the first-ever rollout of Displaydata’s three-color Chroma ESLs within Europe. ▪
USA & Canada
Safeway shuts stores in Denver   The second largest supermaket chain in North America announced the closure of nine store locations in the Denver metropolitan area by 13 June due to the stores' unprofitability. ▪
Lowe's acquires Target Canada locations   Following in the steps of Walmart, Lowe's is the latest major retailer to expand in Canada by acquiring pieces of Target’s former 133-store Canadian retail network through a court-supervised auction. The home improvement chain struck a deal to buy 13 former Target Canada locations and a distribution centre west of Toronto. ▪
Amazon needs more space   As it looks to facilitate same-day deliveries in Manhattan, the online giant is opening its second one million-sq.-ft. fulfillment center in New Jersey. The first of such facilities in the Garden State opened not even a year ago, in July 2014. ▪
consumer trends
Littlewoods catalogue era ends   Another print product bites the dust with Shop Direct stopping its Littlewoods catalogue after more than 80 years, as online now accounts for more than 90% of its sales. The company said it wants to spend in areas that really matter to their customers, who want a slick, easy online experience.  ▪
Bringing high-tech elements to the stores   Interactive shelves. Magic carpets. Virtual dressing. You might want to look out for those three keywords this year as retailers are testing and implementing high-tech elements to lure shoppers into their stores. ▪

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