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

Hello and good day!
Bright outlooks for some major players in the Far East today with Spar to open more stores in India and Snapdeal to now sell real estate online too. Some much bleaker prospects are to be found in the Western part of the retailers' world today.

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asia
Spar and Snapdeal expand in India   Multinational retail chain Spar International is planning to increase to 25 hypermarket stores in India. By 2019, the company is anticipating to reach a turnover of EUR 300 million +++ Online marketplace Snapdeal has partnered with real estate development company Tata Housing to sell premium and luxury residential apartments online. ▪
Lawson considers M&As   Japanese convenience store operator Lawson is planning to expand its network of stores in Asia through mergers and acquisitions of local retail chains. ▪
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C-star is China's most international retail show
The first edition C-star was a huge success. On a net exhibition space of 5000 square meters, C-star featured 162 exhibitors from 23 countries. Despite being held for the first time, 5721 visitors from 59 countries and regions came to visit the show, with 18% coming from overseas. This makes C-star China's most international retail trade show.
Join us next year for another exciting edition of C-star!
 Europe
Morrisons slashes more prices   New CEO David Potts is continuing the price cutting strategy his predecessor Dalton Philips had introduced last year.  Morrisons' new round of price cuts is further fuelling the war between the established food retailers. ▪
Boots axes 700 jobs   Implementing a US$ 1.5 billion cost-cutting plan, the high street chemist is cutting 700 'non-store based roles' following its merger with the US drugstore chain Walgreens. The company said the job cuts would be achieved through a combination of natural attrition, redeployment, retraining and redundancy. ▪
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German discounters invest in Belgium   Lidl targets 50 new stores (paywall) in the country, aiming for a 10% marketshare within five years. Competitor Aldi is planning to invest EUR 50 million in a new distribution centre (paywall). ▪
USA
Apple Music to be launched   The popular technology company will be launching a streaming music service on 30 June. At its Worldwide Developers Conference, many other announcements regarding Apple products have been made. As yet another launch, Apple is expected to introduce Apple Pay in Britain this summer. The mobile payment app is also set to be enhanced with a new reward card functionality ▪
Monsanto wishes to go UK   The agrochemicals group has not given up its ambition to buy Swiss rival Syngenta and proposes a ‘corporate inversion’ deal that would involve creating new parent company registered in Britain and switching the company's headquarters from the US to the UK. ▪
Sears experiences further sales slide   Although the retailer's first-quarter loss narrowed, its sales continue to slide. Now the company prepares to raise cash by rolling out its real-estate investment trust.  ▪
Kroger promotes execs  The grocery retailer has promoted Fred Morganthall to senior VP of retail divisions for The Kroger Co. Rod Antolock succeeds Morganthall in his former role as president of the Kroger-owned supermarket chain Harris Teeter. ▪
Focus on National economies
Australia   Although Australia recorded its largest ever trade deficit on Thursday last week and there was no increase in April’s retail trade figures, it is not all bad news Down Under, if all factors are being taken into consideration. ▪
Italy   The Italian retailers' association Confcommercio welcomed the government's attempt to encourage growth by simplifying business processes. The association expects that it will take Italian families 15 years before their spending returns to levels seen before the global economic crisis. ▪
China   It is not only the country's slowing economy, but business practices make Chinese supermarkets ill-equipped to compete. Net profit declined at eight of 15 listed Chinese supermarket operators last year. ▪

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