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

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Google moves against Amazon and Ebay by adding a "Buy Now" button to its search results sparking speculation about whether it can outsell the e-commerce giants. Australian online retailer Klika is set to expand worldwide, Alibaba faces new trouble and a number of companies revealed their latest results. Read these stories and a lot more in today's issue.

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asia & south pacific
New trouble for Alibaba   A group of luxury goods makers sued the Chinese online powerhouse on Friday for alleged counterfeits. Over in Taiwan, Alibaba's online marketplace Taobao has been ordered to withdraw from the island for violating investment rules. Nevertheless, the group is ramping up its presence in Hongkong and is again in merger talks with India's Snapdeal. ▪
Australian clippings   Klika, one of Australia's top ranking online companies, has named a new director to lead its global expansion and launched a new range of products +++ US giant Genuine Parts Co is said to be having a close look at the Metcash automotive division as a potential acquisition +++ First half year profit of Australian-based paint maker Dulux Group has slumped 17.5%.  ▪
europe
Big beer buys craft beer   Global brewing giant SABMiller enters the UK craft beer market with the acquisition of London-based craft brewer Meantime. The deal comes amid growing popularity for artisan beers as seen in the most recent Whole Foods store. The US company defines itself as a retailer and also a beer producer. ▪
South African tycoon acquires UK retailer   An investment firm controlled by South Africa’s fourth-richest man, billionaire Christo White, has agreed to pay GBP 780 million for a majority stake in the UK fashion retailer New Look. ▪
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Coop and One Stop launch programmes    The Co-operative Group, which has just been voted best convenience retailer, is to re-launch its membership programme with the aim to engage its customers +++ One Stop, which runs over 700 convenience stores,  has started to roll out remote systems access to its franchisees. ▪
USA & canada
Target cuts promos for top suppliers    The US retailer has told food suppliers including Campbell, Kraft, General Mills and Kellogg, that it plans to put less money into promoting their products in favour of fresher, healthier foods. ▪
Strategic announcements   Toys R Us is closing its iconic store on New York's Fifth Avenue, citing the high and rising costs. The company is looking for another location +++ The parent company of Albertson's has appointed industry veteran Mark Panzer as senior VP of pharmacy, health and wellness, overseeing the company's 1,760 pharmacies. He replaces Darren Singer, who has left the company.  ▪
Record sales for Shoes    Fast-growing Canadian online footwear retailer Shoes.com has reported a record first quarter after consolidating three online businesses under one platform +++ Swedish company Volumental has developed a software to create the perfectly fitting shoe, which might be of interest for online and offline shoe retailers. ▪
Bird flu virus in 15 US states  Rembrandt Enterprises, one of the largest egg producers in US, says it will destroy 2 million egg-laying hens in Minnesota due to a deadly bird flu virus. The outbreak at the Minnesota chicken farm brings the total of affected birds to 35 million in 15 states. ▪
items of interest
Google thinks big   The search engine giant will reportedly be adding a "Buy Now" button to its search results. The 'killer move' against Amazon and Ebay sparks speculation about whether Google is able to outsell the top players of e-commerce. Google also announced its plans to launch several prototype versions of its self-driving cars in California.   ▪
Malls still matter   Despite significant changes in society and online commerce, the shopping mall remains the primary shopping destination in America according to JLL’s Shopping Preferences Survey. Real-estate fund managers are betting that some will even prosper, if they can lure the right kind of consumer. ▪

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